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FORECLOSURE REAL
ESTATE AUCTION

By Order Of The Secured Party
Commercial Investment and Residential Development Property
Friday, October 21st, 2005
Hamilton County, TN
 

Sale #1  - 12:00 Noon
3898 Hixson Pike, Chattanooga, TN

 

 

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Approx. 2,917 s/f Commercial Office Space on Corner Lot

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Currently used as a Dentist Office

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Ideal Location Across from Highland Plaza

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100’ Frontage on Hixson Pike

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224 ‘ Frontage on Kensington Drive

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Single Story Construction with Brick Exterior

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Tar and Felt Roof

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Built 1977

 

Click here for an aerial view of the property
Click here to view the Successor Trustee Notice of Sale
Click here to view the Tax Map
Click here to view the Zoning Map
Click here to view Zoning Regulations

Zoning: C-2 Commercial 

Taxes: Buyer responsible for current year and back taxes in the approximate amount of $28,218.54 Annual Taxes – County - $3,217, City - $2,573.22 

Utilities Available: Electric/Water/Sewer/Gas 

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. 

Directions:  In Chattanooga from Hwy 153 take exit 7 (Access Road Exit). At the first stop light turn left onto Access Road and travel 1.5 miles to Hixson Pike.  Turn left onto Hixson Pike and travel 3/10 mile to property on left adjacent to the Amsouth Bank. 

Sale #2 - 1:30 PM 

Anderson and McBrien Road, East Ridge, TN

 

A)      Approx. 8 Acres Residential Development Property – 500 McBrien Road

Ø       Zoned – R-1 Residential

Ø       Taxes – Buyer responsible for current and back taxes in the approx. amt of $4,500.58 Annual County - $504.30, City - $205.94

Ø       Available Utilities – Electric/Water/Sewer

B)      Approx. 15 acres Commercial Development Property

Ø       Zoned – R-1 Residential/C-2 Commercial

Ø       Taxes – Buyer responsible for current and back taxes in the approx. amt of $1,040.37 Annual County - $137.75, City - $56.25

Ø       Available Utilities – Electric/Water/Sewer

C)      Approx. 4/10 Acre Commercial Lot on Anderson Road

Ø       Zoned –C-2 Commercial

Ø       Taxes – Buyer responsible for current and back taxes in the approx. amt of $2,335.43 Annual County - $317.12, City - $129.50

Ø       Available Utilities – Electric/Water/Sewer

D)      (5) Vacant Lots on McBrien Road Lots 1, 4, 6, 8 and 11

Ø       Zoned –R-1 Residential

Ø       Taxes – Buyer responsible for current and back taxes in the approx. amt of

Lot 1 - $768.19

Lot 4 - $463.67

Lot 6 – 512.66

Lot 8 - $490.66

Lot 11 - $485.05 

Ø       Available Utilities – Electric/Water/Sewer 

Click here for an aerial view of the property
Click here to view the Successor Trustee Notice of Sale
Click here to view the Tax Map
Click here to view the Zoning Map
Click here to view C-2 Zoning Regulations
Click here to view R-1 Zoning Regulations
Click here to view Water and Sewer Information

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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  Furrow Auction Company  (800) 438-7769  TN Lic. #62