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Auction Information
Auctioneer Furrow Auction Company 865-546-3206
Auction Date Dec 03 Auction
Location
1675 Malone Road
Intersection of Malone Rd & Watkins Rd
Loudon, TN
Time 10:30AM
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Auction Listing
AuctionZip Auctioneer ID# 20480
Absolute Real Estate Auction - 111.34 Acres to be Sold to the Highest Bidder without Minimum or Reservation

PROPERTY DETAILS:

  • Absolute Real Estate Auction by Order of Probate Court for the Estate of Bonnie Howard
  • 111.34 Acres of Pristine Level to Rolling Land, Sub-divided into Tracts to be Offered Separately and as a Whole
  • Improved with Two (2) Single Family Homes
  • Improved with Barn
  • Spring Fed Pond on Property
  • Mix of Pasture & Wooded Acreage
  • Utility Water Available
  • Frontage on Carpenter Road and Jackson Cemetery Road
  • Frontage on Malone Road and Watkins Road


PAYMENT 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


The subject property is zoned as follows:

  • A-2: Rural Residential

UTILITIES

  • Electricity: Loudon Utilities Board
  • Water: Loudon Utilities Board
  • Sewer: Not Available
  • Gas: Loudon Utilities Board

TAXES


Estimated Real Estate Taxes:

The property is currently assess as three (3) separate tax parcels.

  • Estimated County Taxes:  $1,553.42 (total for all property)
    • Current year taxes to be pro-rated at closing.
    • Back taxes (if applicable) will be paid by seller.
    • Property is currently in Greenbelt, if taken off Greenbelt, seller will be responsible for Rollback Taxes


DIRECTIONS


Take I-75 towards Chattanooga.  Take exit 72 for TN-72 toward Loudon.  Take a left onto TN-72 E/Loudon Hwy.  Turn right onto Malone Road.  Location will be at the intersection of Malone Road and Watkins Road.






Auctioneer License Information: 00004665

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