ABSOLUTE REAL ESTATE & EQUIPMENT AUCTION – Formerly Known as Lost Creek Golf Club

ABSOLUTE REAL ESTATE & EQUIPMENT AUCTION

Formerly Known as Lost Creek Golf Club

824 Milligan Way, New Market, TN 37820

Approx. 124.21 Acres, Sub-Divided into Tracts

To Be Offered Separately and as a Whole

AUCTION: Saturday, November 9^th at 10:30am EST

Auction to be conducted on-site

INSPECTION: Property can be inspected at anytime

BID LIVE OR ONLINE!

• Approx. 124.21 Acres
• Sub-Divided into 14 Lots
• Lot 1 - 5.40 Acres
• Lot 2 - 10.00 Acres w/Maintenance Shed
• Lot 3 - 3.67 Acres
• Lot 3A - 16.20 Acres
• Lot 4 - 17.04 Acres
• Lot 5 - 5.12 Acres w/Club House
• Lot 6 - 5.10 Acres
• Lot 7 - 5.63 Acres
• Lot 8 - 6.19 Acres
• Lot 9 - 7.86 Acres
• Lot 10 - 12.67 Acres
• Lot 11 - 12.26 Acres
• Lot 12 - 9.43 Acres
• Lot 13 - 7.64 Acres
• To Be Offered Separately and as a Whole
• Mostly Clear, Gently Rolling Topography
• Great Mountain Views
• Utility Water Available
• Over 4,600 Feet Frontage on Bales Rd.
• Over 400 Feet Frontage on Old Andrew Johnson Hwy.
• Located just off Andrew Johnson Hwy. in the Town of New Market, TN
• Ideal Location, just 4 miles to Jefferson City, 6.5 miles to Morristown, 25 miles to Knoxville
• Golf Course Equipment, Golf Carts, and etc. to be Sold Immediately Following Real Estate

Principal Broker License #26

• Successful bidders will deposit 10% of the purchase price and is due Sale day in the form of cash, cashier’s check, personal or company check plus a real estate sales contract must be signed. Balance is due in certified funds at closing.

• Lost Creek Golf Course Broker Participation Form

• Aerial Image
• Clubhouse Building Footprint
• Declaration of Easement
• Flood Map
• Lost Creek Soil Letter
• New Market Utility District System Map
• Plat Map - Sub-Divided into 14 Lots
• Property Report(s)
• Proposed Order of Sale
• Proposed Restrictions Lost Creek (revised)
• Sample Warranty Deed (Rev. 1)
• Tax Information
• Tax Map
• Title Commitment (Rev. 1)
• Title Commitment Exception Documents
• Topo Map
• Utility Information
• Zoning Information
• Zoning Map

• R-1: Residential District (Town of New Market)

• Approx. City Taxes (New Market): $2,625.00
• Approx. County Taxes (Jefferson County): $8,225.00
• Approx. Total Taxes: $10,850.00
  • Property is currently assessed as a whole
  • Buyer will pay pro-rata share of current year taxes
  • Any back/delinquent taxes will be paid by seller

• Elementary: New Market
• Middle: Jefferson
• High School: Jefferson County

• Electric: Appalachian Electric Cooperative
• Water: New Market Utility District
• Sewer: N/A
• Gas: N/A

• From exit 394 (Asheville Hwy & I-40), travel northeast on Asheville Hwy approx. 5.8 miles. Take slight left onto Andrew Johnson Hwy/11-E and travel approx. 10.4 miles. Take slight right onto Old Andrew Johnson Hwy and travel approx. 0.6 miles to right on Milligan Way which runs into Golf Course.