Thursday, October 7th, 2010 - 11:00 AM

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Residential:

• 1-4 family residence: 15% cash down payment; 30 yr amortization / 10 year maturity; 5.5% fixed interest rate

• Manufactured home with property: 15% cash down payment; 15 yr amortization / 7 yr maturity; 6.5% fixed interest rate

• Improved lots: 20% cash down payment; 10 yr amortization / 7 year maturity; 6.0% fixed interest rate

• Unimproved land: 25% cash down payment; 10 yr amortization / 5 year maturity; 6.0% fixed interest rate

• 15% Cash Down Payment

• 20 Year Amortization / 7 year Maturity

• 6% Fixed Interest Rate

Financing subject to no bankruptcy or material adverse credit reporting

Subject to Bank Customer Identification Program requirements

 

Sale #1 - Property 1 - (37) Residential Lots on English Mountain - 11:00 AM

Click here for a list of Lots and Sections

AUCTION TO BE HELD FROM ‘THE PRESERVE’ CLUBHOUSE 

• Beautiful Views of the Great Smoky Mountains in Every Direction
• Wooded and private building sites

Utilities Available: Electricity /* Water / *Sewer ( For more information please visit the Sevier County Electric's website at www.electric.seviervilletn.org and the East Sevier County Utility District at (865) 453-6704).

*According to Steve Tacket, President of the East Sevier County Utility District, all lots have sewer and water available to them except Lot 1 of the Emily Lewis Property. There is a water/sewer line that runs on each road where a lot is located. There would be a $1,250.00 tap-on fee for Sewer and a $750.00 tap-on fee for water. There is a flat rate monthly sewer/water fee of $56.70 for all lots with a structure on them regardless of whether or not they are tapped into a line. For more information please feel free to contact East Sevier County Utility District at 865-453-6704 or visit their website at www.scud.com.

 
Zoning: R-1 Rural Residential District (For more information please visit the Sevier County Office of Planning's website at www.seviercountytn.gov).

Estimated Real Estate Taxes:
The estimated annual Sevier County real estate taxes vary from lot to lot.  Please refer to the “Tax Information” link for more detailed information.
On average, the annual Sevier County real estate taxes per lot are approximately $30.(For more information please contact the Sevier County Trustee's Office at www.tennesseetrustee.com).

Taxes to be pro-rated at closing.

School Information:
New Carter - K-8
Sevier County High - 9-12
(For more information please contact the Sevier County School District at www.sevier.org).

Sale #1 - Property 2 - (1) Residential Lot in "The Preserve" on English Mountain

(1) Residential Lot in "The Preserve"

AUCTION TO BE HELD FROM "THE PRESERVE" CLUBHOUSE

• Beautiful Views of the Great Smoky Mountains
• Proposed Mountain Trails and Lookout Towers
• "The Preserve" offers an upscale, gated community

Utilities Available:
Electricity (For more information, please visit Sevier County Electric's website at www.electric.seviervilletn.org).

Water: For more information please contact East Sevier County Utility District at (865) 453-6704).

Septic System*: *According to the Developer of "The Preserve", the on-site sewer plant has never been installed. Therefore, in order to build, one must install a septic system. Lots 1&2 do not support individual septic systems due to one lot experiencing disturbance from road construction. Therefore, they must be sold together in order to have enough acceptable drainfield area on which to build (for additional information regarding this matter please contact the Sevier County Health Department).

Zoning: A-1 - Agricultural District (For more information please contact the Sevier County Office of Planning at www.seviercountytn.gov).

Estimated Real Estate Taxes:
Estimated Annual Sevier County Real Estate Taxes - $847.00
(For more information please contact the Sevier County Trustee's Office at www.tennesseetrustee.com).

Taxes to be pro-rated at closing.

School Information:
New Carter - K-8
Sevier County High - 9-12
(For more information please contact the Sevier County School District at www.sevier.org

 Sale #2 – 2:00 PM

Real Estate Auction

Commercial Property on Oak Ridge Highway
9400 Oak Ridge Highway, Knoxville, TN

• Approximately 5.44 acres
• Approximately 165’ of road frontage on Oak Ridge Highway

Utilities Available: Electric / Water / Sewer
Zoning: PC Planned Commercial
Estimated Real Estate Taxes:
Annual Knox County Real Estate Taxes – Approx. $1,123.36

Taxes to be pro-rated at closing.

**All Square Footage and Acreage amounts are believed to be accurate but not guaranteed.  All information was obtained from the 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 10 DAYS OF SALE DATE. NO EXTENSIONS AVAILABLE.

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