Furrow Auction Company

FORECLOSURE
REAL ESTATE AUCTION

BY ORDER OF SECURED PARTY 

LARGE ACREAGE TRACTS IN SEVIER COUNTY

 

Approximately 140.68 Acres
Haney Road
Sevier County, TN


 

Saturday, May 8th, 2010 - 2:30 PM
Inspection:
Available at Any Time For Drive By Inspection

Special Financing Available from BankEast: 

  • 3 year fixed rate of 5.95% with the first year interest only and paid monthly; after first 12 months, begin principal and interest payments based upon 20 year amortization of principal
  • 5 year fixed rate of 6.25% with the first year interest only and paid monthly; after first 12 months, begin principal and interest payments based upon 20 year amortization of principal
  • 35% Down Payment or additional collateral acceptable to BankEast such that the loan to purchase is 65% or less

Special Financing Available from Farm Credit Services: 

  • 75% LTV
  • Up to 25 years terms
  • 3 year rate at 4.20% -- Rates are subject to change
  • 5 year rate at 4.85%

Contact:
Jerry Bowlin
Financial Services Officer
Farm Credit Services of Mid-America
(865) 397-9444
(800) 524-0932
(865) 397-0792 - Fax

 


 

  • Located just off of Chapman Highway
  • Beautiful, mountain view property
  • Property is comprised of (2) tax parcels – (Tax Map 070, Parcels 112.00 & 054.33)

* Acreage believed to be accurate but not guaranteed.  All information has been obtained from the Sevier County Courthouse 

Utilities Available: Electric is located on the property.  Water is currently not available to the property, but is located approximately 1 mile north along Chapman Highway.  Sewer is currently unavailable to the property.
Zoning:
A-1 – Agricultural District
Estimated Real Estate Taxes:
Approximate annual Sevier County Real Estate Taxes – $1,413.34

Buyer responsible for all current and back taxes

Directions: In Seymour, at the intersection of Highway 441 (Chapman Highway) and Boyds Creek Highway where the E-Z Stop Exxon Gas Station is on your right and Home Federal Bank is on your left, continue on Highway 441 (Chapman Highway) toward Sevierville for 8.1 miles. Turn RIGHT at the Dynamite Exxon Station on your right onto Whites School Road and travel for 6/10 mile to stop sign with Whites School Building on your RIGHT. Turn RIGHT onto Goose Gap Road and travel 4/10 mile. Turn RIGHT onto Sugar Loaf Road and travel 6/10 mile. Turn LEFT onto Thomas Road, then stay LEFT at fork to continue on Bates Gibson Road. Travel 8.10 mile to entrance onto property where a red barn is on your right.


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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AUCTION DOCUMENTS

Auction Brochure
Appraisal
A1 - Agricultural District - Zoning Regulations
Haney Road - Parcel 112 - GIS Report
Haney Road - Parcel 112 - Tax Card
Haney Road - Parcel 54.33 - GIS Report
Haney Road - Parcel 54.33 - Tax Card
Haney Road PIP
Haney Road - Partial Boundary & Easement Survey
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