SOLD – Foreclosure Auction – 2 Tracts in Tellico Village

THIS AUCTION HAS ENDED.

Tract One: Approx. 5.18 Acre Development Tract located on Chatuga Drive in Tellico Village Tract Two: Approx. 4.51 Acre Development Tract located on Chatuga Drive in Tellico Village Tract Three: removed from sale Located within Walking Distance of the neighborhood at  Tellico Village, which offers World Class amenities, including:

• 3 Championship Golf Courses
• Country Club & Yacht Club
• Boating
• Fishing
• Swimming
• Tennis
• Hiking
• Wellness Center

Terms: 10% Buyer's Premium - Successful bidders will deposit 10% of the purchase price (including Buyer's Premium) on sale day in the form of cash, certified check or wire, personal or company check, plus a real estate contract must be signed. Balance is due in certified funds at closing. CLOSING MUST TAKE PLACE WITHIN 20 DAYS. LAST POSSIBLE CLOSING DATE IS BY END OF DAY ON THURSDAY, OCTOBER 23RD, 2014. NO EXTENSIONS AVAILABLE. Sale day announcements control terms of auction. Acreage and square footage believed to be accurate, but not guaranteed.THIS PROPERTY SOLD IN IT'S "AS IS, WHERE IS WITH ALL FAULTS" CONDITION WITH NO WARRANTIES EITHER IMPLIED OR EXPRESS EXCEPT WARRANTY OF TITLE. **All square footage and acreage amounts are believed to be accurate but not  guaranteed. All information was obtained from appraisals and local courthouse records.**

Utilities Available: Electric: Electric service is available from Loudon Utilities Board Water: Water is available from the Tellico Village Property Owners Association Sewer: Sewer is available from the Tellico Village Property Owners Association Gas: Not Available

R-1:      Suburban Residential

Estimated Real Estate Taxes: Property One (5.18 Acres on Chatuga Dr.):Loudon County: Approx. $256.87 Property Two: (4.65 Acres on Chatuga Dr.):Loudon County: Approx. $504.80 (actual taxes will be a portion of this amount) Buyer is responsible for all Back Taxes and Current Year Taxes

• Declaration of Covenants & Restrictions (with amendment documents)
• Notice of Foreclosure Sale
• Plat of Record, C-84
• Property 1 - Aerial Image
• Property 1 - CRS Report
• Property 1 - Tax Map
• Property 2 - Aerial Image
• Property 2 - CRS Report
• Property 2 - Tax Map
• R-1 Zoning Ordinance (Loudon County)
• School Information
• Tax Information
• Title Commitment Exception Documents (items 10-13)
• Title Commitment
• Utility Information
• Zoning Information