Foreclosure Auction – 2 Tracts in Tellico Village

AUCTION LOCATIONChatuga Drive, Loudon County, TN

AUCTION DATEOctober 3, 2014

AUCTION TIME 12:00 pm

TIME ZONEEastern

INSPECTION DATE

INSPECTION TIMECan be viewed any time

CONTACTChuck Fisher, 865.546.3206

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Auction Information

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

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