Absolute Auction – 249 Acres Improved With 2 Homes, Subdivided Into Tracts

AUCTION LOCATION951 Smith School Road, Strawberry Plains, TN 37871

AUCTION DATEJune 6, 2015

AUCTION TIME 10:30 am

TIME ZONEEastern

INSPECTION DATE

INSPECTION TIME

CONTACTChuck Fisher, 865.546.3206

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Auction Information

To Be Sold To The Highest Bidder Without Minimum or Reservation.

• Approx. 249 Acres, Subdivided Into Tracts (Currently Comprised of Two Tax Parcels)

• 2% Broker Participation Available – pre-registration required

• Improved with an Approx. 3,525 sq. ft. Basement Rancher

  • Located at 961 Smith School Rd.
  • 4 Bedrooms, 4.5 Baths
  • In-ground, Kidney Shaped Gunite Pool
  • Pool House
  • Gated Entrance
  • Built in 1972

• Improved with an Approx. 1,920 sq. ft. Farm House

  • Located at 9804 Will Merritt Rd.
  • 2 Bedrooms, 1 Bath
  • Built in 1910

• 2 Ponds on Property

  • 8.65 Acre Pond
  • 1.66 Acre Pond

• Mixture of Rolling Pasture & Woodlands
• Two Creeks Meander through Property
• Conveniently Located Less Than One Mile off I-40
• Ideal for Residential Development, Recreational Use or Farming

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. A real estate contract must be signed. Balance is due in certified funds at closing. CLOSING MUST TAKE PLACE WITHIN 20 DAYS OF SALE. NO EXTENSIONS. 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.**

Annual Knox County Taxes: $3,064.72 (Tax Map 87, Parcel 41); $1,469.72 (Tax Map 86, Parcel 148)

Total: $4,534.44 for all properties

Property is currently in Greenbelt Program

PR – Planned Residential (Knox County)

  • Electric: Knoxville Utilities Board
  • Water: Existing Homes are currently served by well water. Closest KUB utility water is at intersection of Midway Rd. & Will Merritt Rd, as well as intersection of Smith School Rd. & Thorngrove Pike.
  • Sewer: Not Available. Existing Homes are on Septic Systems
  • Gas: Not Available

  • Joppa Elementary
  • Rutledge Middle
  • Grainger High

There is a 2% Broker Participation Available for this auction. Pre-registration required.

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