Lender Ordered
Multi-Property Auction Throughout Upper East TN
Wednesday, April 27th,
2011 - 10:30 AM
SPECIAL FINANCING AVAILABLE
Sale #1
10:30 AM -
SOLD
Absolute Real Estate Auction
9
Acre Residential Tract
Hillside Road, Elizabethton, TN
Special Financing Available -
Unimproved
Land: 25% Cash Down Payment; 10 Year Amortization / 7 Year Maturity;
6.0% Fixed Interest Rate
*** Financing Subject to Proof of Income, Acceptable Repayment Capacity,
No Bankruptcy or Material Adverse Credit Reporting, and Banks Customer
Identification Program Requirements ***
-
Approximately 9.08 Acres located at the end of
Hillside Drive
-
Large, wooded tract
Utilities Available:
Electricity / Water / Septic System
Zoning:
R-3 High Density Residential
Estimated Real Estate Taxes:
Annual Sullivan County Real Estate Taxes Approx. $457.77
Taxes to be pro-rated
at closing.
Directions:
In Elizabethton, from the intersection of Broad
Street and US-321, travel south on US-321 for 6/10 mile. At traffic
light turn LEFT at Riverview Drive/Siam Road and travel 1/2 mile,
passing East Side Elementary School on LEFT. At traffic light with Redi
Mart Food Store, veer LEFT onto Bluefield Avenue and travel 4/10 mile.
The road will fork. Take the RIGHT fork onto Ledford Street and travel
2/10 mile. Turn LEFT onto Carriger Avenue and travel to property at dead
end.
Sale #2
11:30 AM
Absolute Real Estate Auction
1986
Model Single-Wide Mobile Home
245 Riggs Road, Watauga, TN
Special Financing Available -
Manufactured
Home with Property: 15% Cash Down Payment; 15 Year Amortization / 7
Year Maturity; 6.5% Fixed Interest Rate
*** Financing Subject to Proof of Income, Acceptable Repayment Capacity,
No Bankruptcy or Material Adverse Credit Reporting, and Banks Customer
Identification Program Requirements ***
-
3 Bedrooms / 2 Bathrooms
-
Approximately 910 Square Feet
-
Situated on approximately 0.83 Acres
Utilities Available:
Electric / Water / Septic System
Zoning:
A-1 Agricultural
Estimated Real Estate Taxes:
Annual Carter County Real Estate Taxes Approx. $104.31
Taxes to be pro-rated at closing.
Directions:
In Elizabethton, from the intersection of Broad Street and N. Lynn
Avenue at the McDonald's and Citizen Bank, travel north on N. Lynn
Avenue for 6/10 mile. Turn LEFT on TN-400 S/Watauga Road and
travel for 2.1 miles. Turn LEFT at Riggs Road and travel for 8/10 mile.
Riggs Road will dead end into a gravel drive on your LEFT. Drive down
gravel drive to property on RIGHT.
Sale #3
12:30 PM
Absolute Real Estate Auction
2008
Model Double-Wide Mobile Home
1624 Weaver Branch Road, Piney Flats, TN
Special Financing Available -
Manufactured
Home with Property: 15% Cash Down Payment; 15 Year Amortization / 7
Year Maturity; 6.5% Fixed Interest Rate
*** Financing Subject to Proof of Income, Acceptable Repayment Capacity,
No Bankruptcy or Material Adverse Credit Reporting, and Banks Customer
Identification Program Requirements ***
-
Approximately 2,356 Square Feet
-
4 Bedrooms / 2 Bathrooms
-
Situated on approximately 1.21 Acres
Utilities Available:
Electric / Water
Zoning:
A-1 Agricultural
Estimated Real Estate Taxes:
Annual Sullivan County Real Estate Taxes Approx.
$516.77
Taxes to be pro-rated
at closing.
Directions:
In Piney Flats, at the intersection of Bristol Highway and Allison
Road, travel northwest on Allison Road for 3/10 mile. Allison Road
becomes Warren Road. Stay on Warren Road for 1.3 miles. Take the RIGHT
fork to stay on Warren Road. Take the 1st RIGHT at Weaver Branch Road
and travel 7/10 mile to property on LEFT.
Sale #4
1:30 PM
Absolute Real Estate Auction
(2)
Acreage Tracts at Robinwood Road & Quail Drive
* To
Be Sold Separately *
Special Financing Available -
Unimproved
Land: 25% Cash Down Payment; 10 Year Amortization / 7 Year Maturity;
6.0% Fixed Interest Rate
*** Financing Subject to Proof of Income, Acceptable Repayment Capacity,
No Bankruptcy or Material Adverse Credit Reporting, and Banks Customer
Identification Program Requirements ***
Property One Robinwood Road
-
Approximately
24.56 Acres of Undeveloped Land
-
Wooded
Property
- Approximately 570 of road
frontage on Robinwood Road
Utilities Available: Electricity
/ Water / Septic System
Zoning: A1
Agricultural / Estate Residential District
Estimated Real Estate Taxes:
Annual Sullivan County Real Estate Taxes Approx. $66.05
Taxes to be pro-rated at closing.
Property Two Quail
Drive
-
Approximately
22.55 Acres of Undeveloped Land
-
Cleared Land
with rolling topography
Utilities Available: Electricity
/ Water / Septic System
Zoning: A1
Agricultural / Estate Residential District
Estimated Real Estate Taxes:
Annual Sullivan County Real Estate Taxes Approx. $118.79
Taxes to be pro-rated at closing
Directions: Traveling northeast on TN-75N, cross
over the Joseph Julian Henry Memorial Bridge and turn LEFT at "Boone
Market" onto Robinwood Road. Travel 1 mile to the Robinwood Road
property on RIGHT. From the Robinwood Road property, take the first LEFT
onto Beulah Church Road and travel 3/10 mile. Take the first LEFT onto
Quail Drive. Take the first RIGHT onto the gravel drive and travel 1/2
mile to property on RIGHT.
Sale #5
3:00 PM - SOLD
Absolute Real Estate Auction
Beautiful Condo Just off of W. Stone Drive
3303 Whisperwood Circle, Kingsport, TN
Special Financing Available -
1-4 Family
Residence: 15% Cash Down Payment; 30 Year Amortization / 10 Year
Maturity; 6.0% Fixed Interest Rate
*** Financing Subject to Proof of Income, Acceptable Repayment Capacity,
No Bankruptcy or Material Adverse Credit Reporting, and Banks Customer
Identification Program Requirements ***
-
Approximately 1,804 Square Feet Corner Unit
-
3 Bedrooms / 2 Bathrooms
-
Located Within The Villas at Netherland Lane
-
2 Car Attached Garage
Utilities Available:
Electricity / Water / Sewer / Gas
Zoning:
PR Planned Residential
Estimated Real Estate Taxes:
Annual Hawkins County Real Estate Taxes Approx.
$1,393.08
Annual Kingsport City Real Estate Taxes Approx. $1,153.60
TOTAL ANNUAL REAL ESTATE TAXES APPROX. $2,546.68
Taxes to be pro-rated
at closing.
Directions:
In Kingsport, from the intersection of I-26 and W. Stone Drive,
travel west on West Stone Drive for 2 miles. Cross over bridge and turn
LEFT onto Netherland Lane. Travel 2/10 mile to the "Villas at Netherland
Lane" on your LEFT.
Sale #6
4:00 PM
Absolute Real Estate Auction
2005
Model Double-Wide Mobile Home
108 Cradic Drive, Surgoinsville, TN
Special Financing Available -
Manufactured
Home with Property: 15% Cash Down Payment; 15 Year Amortization / 7
Year Maturity; 6.5% Fixed Interest Rate
*** Financing Subject to Proof of Income, Acceptable Repayment Capacity,
No Bankruptcy or Material Adverse Credit Reporting, and Banks Customer
Identification Program Requirements ***
-
Approximately 960 Square Feet
-
Property is close to Forgey Creek
Utilities Available:
Electric / Water / Septic System
Zoning:
No Zoning Regulations in Surgoinsville or Hawkins County
Estimated Real Estate Taxes:
Annual Hawkins County Real Estate Taxes Approx. $238.04
Annual Surgoinsville City Real Estate Taxes Approx. $101.20
TOTAL ANNUAL REAL ESTATE TAXES APPROX. $339.24
Taxes to be pro-rated
at closing.
Directions: Out of
Surgoinsville, travel west on US-11W toward Rogersville. Cradic Drive is
on the RIGHT, just past Zion Hill Road. Property is the 2nd house on
your RIGHT.
**All Square Footage and
Acreage amounts are believed to be accurate but not guaranteed.
All information was obtained from appraisals and local courthouse
records.**
Terms:
10% Buyer's Premium - Successful bidders will deposit 10% of the
purchase price (including Buyer's Premium) and is due today 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.
CLOSING MUST OCCUR WITHIN 20 DAYS OF SALE DATE. NO EXTENSIONS
AVAILABLE.
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Homes built before 1978 may contain lead-based paint. |
