Absolute Auction - 490+ Acres on Fort Loudon Lake!
2508 Chandler Rd, Knoxville, TN 37922
Auction: Saturday, Apr 25, 2009 - 10:30 am
Price
Sold for $26.5 Million
Details
Unbelievable Development Opportunities! UNIQUE Once in a Lifetime Property! Sold As One Tract!
Waterfront land containing 490+ acres forming a peninsula on Fort Loudon Lake!
The Farm property consists of approximately 355 acres above the normal summer pool line (813 feet above sea level) and about 336 acres above the TVA flowage easement line (820 feet above sea level).
County Taxes: $4,856.12 per year for entire property. No city tax!
School Information: A.L. Lotts Elementary, West Valley Middle, Bearden High
Zoning: Planned Residential permitting not more than 3 dwelling units per acre
Sold to High Bidder Regardless of Price!
Auction Registration: Registration will begin at 9:00 a.m. The sale will begin at 10:30 a.m.
Auction Site: Auction will take place on site under the tent.
Terms: A cashier's check made payable to Slyman Auction in the amount of $100,000 will be required to bid at the auction. The high bidder to pay this amount the day of auction and tender an additional $500,000 by April 28th, 2009. Balance to be paid at closing. Closing to be within 31 days after confirmation by the court.
Buyer's Premium: There will NOT be a buyer's premium charge associated with this auction.
Buyer Information Package: You may request a buyer package at 1-866-287-3135.
Directions: I-40 to Knoxville, Exit 376B onto I-140 East/TN 162N toward Maryville, Exit #3 - Westland Drive, Right on Westland, Left on Northshore, Right on Chandler to Sign on Property.
SALE MUST BE CONFIRMED BY THE COURT.
