4333 Galbraith School Road
Knoxville, TN

Thursday, October 30th, 2008 - 12:00 Noon
Inspection: Shown By Appointment Only

Surplus Asset of Knox County

• Old Galbraith School Building

• Approximately 21,494 sf

• Built in 1930

• Approximately 2.61 Acres

Utilities Available: Electric/Water/Sewer/Natural Gas – Provided by KUB
Zoning Information: R-1 Low Density Residential District
Tax Information: Property is currently owned by the County and is therefore Tax Exempt.                              

Current Tax Rates: County - $2.69 per assessed hundred   City - $2.81 per assessed hundred

Directions: From Chapman Highway traveling south, turn left on E. Moody Avenue and travel for 0.6 miles.  Then turn right onto Woodlawn Pike SE and travel for 0.2 mile.  Then turn left onto Galbraith School Road.  Property is 0.2 mile on left.

Terms: 5% 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 November 24^th.  If approved by the County Commission the purchaser will have until December 12^th 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.

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