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Auction Information
Auctioneer Furrow Auction Company 865-546-3206
Auction Date Oct 22 Auction
Location
Carpenter Loop Rd & E. Coast Tellico Pkwy
Greenback, TN
Time 10:30AM
Auctioneer's Other ListingsE-mail AuctioneerAuctioneer's Web Site
Auction Listing
AuctionZip Auctioneer ID# 20480
    Attached Files    
Aerial Image (PDF)

Absolute Real Estate Auction

Approx. 25 Acres in Loudon County

Sub-Divided into Tracts (To be Offered Separately & as a Whole)

To Be Sold to the Highest Bidder without Minimum or Reservation

Carpenter Loop Rd. & East Coast Tellico Parkway, Greenback, TN


PROPERTY DETAILS:                       
  • 25 Acres of Pristine, Clear Agricultural/Development Land
  • To be Offered in Tracts
  • Frontage on Carpenter Loop Rd. & East Coast Tellico Parkway
  • Adjoins TVA Land on Northern Property Line
  • Minutes Away from TVA Boat Launch Facility
  • Convenient to Loudon & Lenoir City
Please Note: Due to an existing Soy Bean Crop and grazing cattle, we respectfully request that interested parties stay off of the property to prevent damage to the crop/cattle. Both the soy bean crop and the cattle should be removed by the end of September.  

TERMS


10% Buyer’s Premium - Successful bidders will deposit 10% of the purchase price (including Buyer’s Premium) and is due sale date 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.

ZONING


According to Loudon County Planning, the subject property is zoned as follows:
  • A-1: Agricultural/Forestry District

 UTILITIES
  • Electricity: Ft. Loudon Electric
  • Water: TASS (Tellico Area Services Systems)
  • Sewer: TASS (Tellico Area Services Systems)
  • Gas: Not Available

TAXES


Estimated Real Estate Taxes: According to the Loudon County, TN Property Assessor’s Office, the estimated real estate taxes for the ENTIRE subject property are as follows:
  • County: $806.68 (total for all property)
    • The approx. 25 acres being auctioned is a portion of a 121 acre tract. The above tax amount is for the entire 121 acre tract.
    • Current year taxes to be pro-rated at closing.
    • Property is currently in Greenbelt, if taken out of Greenbelt, Seller will be responsible for Rollback Taxes
DIRECTIONS
Located at the intersection of East Coast Tellico Parkway and Carpenter Loop Rd., Greenback, TN.



Auctioneer License Information: 00004665

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