Surplus Asset of
Knox County
To Be Sold Subject To Confirmation
Corner of Dandridge Avenue and Surrey Road
Knoxville, TN
Thursday, January 10th, 2008 –
12:00 Noon
Surplus Asset of Knox County -
Residential Lot
-
Corner Residential Lot
-
.31 Acres
Utilities Available: Electric/Water/Sewer/Natural
Gas - By KUB
Zoning Information: R-1
Low Density Residential District
Tax Information:
Property is currently owned by the County and is
therefore Tax Exempt.
Projected/Estimated Taxes Based on Sales Price of $5,000:
-
County – Approx. $134.50
-
City – Approx.
$140.50
Current Tax Rates:
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. The County Commission will vote to accept/decline
the bid and sale price on January 28th. If approved by the County
Commission the purchaser will have until February 17th to close, at
which time the Buyer shall pay the balance of the purchase price in
certified funds. No extensions are available. CLOSING MUST OCCUR
WITHIN 20 DAYS. NO EXTENSIONS AVAILABLE.
Directions:
From I-40, take the
James White Parkway exit #388A to the Summit Hill Drive exit. Turn left
on E Summit Hill Drive for 0.6 miles. Continue on Dandridge Avenue for
0.6 miles to property on left.
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