ABSOLUTE REAL ESTATE AUCTION – 12.18 Acre Development

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ABSOLUTE REAL ESTATE AUCTION

12.18 Acre Development

4534 Nora Rd., Knoxville, TN 37918

FRIDAY, MARCH 25TH at NOON EST

Auction to be Conducted On-Site

INSPECTION: PROPERTY CAN BE INSPECTED AT ANYTIME

PROPERTY DESCRIPTION

• Approx. 12.18 Acres
• I-640 Visibility
• Ideal Site for Potential Multi-Family Development
• Great Site for Potential Billboard Placement
• Electric, Water & Sewer Available to Site

Samuel J. Furrow | TN PBL #26

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ZONING:

• RN-1: Single Family Residential Neighborhood Zoning District (city of Knoxville)

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UTILITIES:

• Electricity: Knoxville Utilities Board
• Water: Knoxville Utilities Board
• Sewer: Knoxville Utilities Board
• Gas: Not Currently Available

Utilities are available contingent on site plan and what is built, but not currently connected.

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SCHOOL INFORMATION:

• Elementary: Shannondale Elementary
• Middle: Gresham Middle
• High: Central High

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TAXES:

• Annual Knox County Real Estate Taxes: $188.00
• Annual City of Knoxville Taxes: $218.05
  • Current Year Taxes to be Pro-Rate at Closing
  • Back Taxes (if applicable) will be paid by Seller

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TERMS:

• 10% Buyer’s Premium – Successful bidders will deposit 10% of the purchase price (including Buyer’s Premium) and is due today 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.

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PROPERTY DOCUMENTS:

• Aerial Image
• City of Knoxville Tax Report
• Flood Map
• KGIS Property Details Report
• Knox County Tax Report
• Property Report
• RN-1 Zoning Ordinance (City of Knoxville)
• Sample Deed
• School Information
• Survey
• Tax Information
• Tax Map
• Title Commitment
• Title Commitment Exception Documents
• Topo Map
• Utility Information
• Utility Map – Electricity
• Utility Map – Sewer
• Utility Map – Water
• Zoning Information
• Zoning Map

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DIRECTIONS:

• From I-640, exit 6 Broadway, travel 1/10 mi. North on Broadway to rt. on Greenway, go 4/10 mi. east to rt. Nora Road for 2/10 mi. to property on left.

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