Thursday, June 5th, 2008 - 12:00 Noon
Inspection: Shown By Appointment Only

This Property Represents Surplus Asset of Knox County

• Former South High School Building
• Approximately 2.2 Acres

Utilities available: Electric/Water/Sewer/Natural Gas - Provided by KUB
Zoning: 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: County - $2.69 per assessed hundred
                               City - $2.81 per assessed hundred

Directions: From Chapman Highway, turn left on E. Moody Avenue for 0.6 miles. Then turn left onto Woodlawn Pike for 207 feet. Then turn right on E. Moody Avenue. Property is 0.1 mile on left. 

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 sighed. Balance is due in certified funds at closing. The County Commission will vote to accept/decline the bid and sale price on June 23rd. If approved by the County Commission the purchaser will have until July 11th to close, at which time the Buyer shall pay the balance of the purchase price in certified funds. CLOSING MUST OCCUR WITHIN 20 DAYS OF SALE DATE. NO EXTENSIONS AVAILABLE.

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