BANKRUPTCY REAL ESTATE AUCTION – 11 Properties in Claiborne, Grainger, and Hawkins Counties

Date: 05/18/2018

Time: 6 PM

Location: 404 1st Ave | New Tazewell, TN 37825

Office: Knoxville

Agent: Kenny Phillips

Untitled copy

LIVE AUCTION:
Friday, May 18th at 6 pm

Auction Conducted @ 404 1st Ave | New Tazewell, TN 37825 |

1st Avenue Hall across from Duncan Lumber 

11 Properties to be sold
on Behalf of  the United States Bankruptcy Court for the Eastern District of Tennessee at Knoxville. 
Case No: 17-32959-SHB

Claiborne, Grainger, Hawkins Counties

state highway 33
State Highway 33
Tazewell, TN 37879
Approx. 71.5 acres
Approx. 936 sq. ft. home
Parcel/Tax ID: 098 028
Current Yearly Property Taxes:
$571.60
Current Tax Appraisal:
$88,700
     Easement to  Property
                                  Property was previously purchased at a tax sale & title insurance will NOT be available.

  • Grace Drive 2
  • Grace Drive 1
  • Grace Drive 4
  • Grace Drive 5

Grace Drive Lot 82
New Tazewell, TN 37825
Parcel/Tax ID: 107F F 011
Lot Size: Approx. 111.03 x 319.45 IRR
Approx. 0.91 Acres
Current Yearly Property Taxes:
$98.60
Current Tax Appraisal:
$15,300.00
Grace Drive 2
Grace Drive Lot 83
New Tazewell, TN 37825
Parcel/Tax ID: 107F F 012
Lot Size: Approx. 159.45 x 180 IRR
Approx. 0.62 Acres
Current Yearly Property Taxes:
$88.93
Current Tax Appraisal:
$13,800.00

  • 517 Miner Street (5)
  • 517 Miner Street (2)
  • 517 Miner Street (3)
  • 517 Miner Street (4)
  • 517 Miner Street (6)
  • 517 Miner Street (7)

517 Miner Street &   
Miner Street
Rogersville, TN 37857
Parcel/Tax ID: 100K A 037 &
100K A 037.001
Lot Size: Approx. 100 x 300 with 2 Apartment Buildings (Approx. 1,875 sq. ft. & Approx. 973 sq. ft.)
Current Yearly Property Taxes:
$1238.83 (city & county)
Current Total Tax Appraisal:
$74,000.00
Tri Plex and Block Building
Currently being rented for $400/month | Month to Month Lease

  • 512 Cosby Street 1
  • 512 Cosby Street 3
  • 512 Cosby Street 4

512 Cosby Street
New Tazewell, TN 37825
Parcel/Tax ID: 095F A 027
Lot Size: Approx. 100 x 150
Approx. 0.34 Acres
Approx. 1,243 sq. ft. home
Current Yearly Property Taxes:
$533.58
Current Tax Appraisal:
$82,800.00
Currently being rented for $600/month | Month to Month Lease

  • 501 Cherry Ave 1
  • 501 Cherry Ave 2
  • 501 Cherry ave 3
  • 501 Cherry Ave 4

501 Cherry Avenue
New Tazewell, TN 37825
Parcel/Tax ID: 095J B 029
Lot Size: Approx. 60 x 175 IRR
Approx. 3,604 sq. ft. Residential Hotel
Current Yearly Property Taxes:
$1,480.63
Current Tax Appraisal:
$143,600

Six Units

Apartments are being leased month to month
Apt. 1: $400/month
Apt. 2: $400/month
Apt. 3: $400/month
Apt. 4: $400/month
Apt. 5: $400/month
Apt. 6: $500/month

  • 409 Doe Court 1
  • 409 Doe Court 2
  • 409 Doe Court 3

409 Doe Court
New Tazewell, TN 37825
Parcel/Tax ID: 107P A 033
Lot Size: Approx. 40 x 159.3
Approx. 0.92 Acres
Approx. 1,188 sq. ft. home
Current Yearly Property Taxes:
$329.30
Current Tax Appraisal:
$51,100

  • 293 Jonathan Lane 1
  • 293 Jonathan Lane 2

293 Jonathan Lane
New Tazewell, TN 37825
Parcel/Tax ID: 093E A 035
Lot Size: Approx. 151 x 132 x 150 x 134
Approx. 0.46 Acres
Approx. 1,118 sq. ft. home
Current Yearly Property Taxes:
$312.55
Current Tax Appraisal:
$48,500.00
Currently being rented for $500/month | Month to Month Lease

  • 150 Mattie Lane 2
  • 150 Mattie Lane 1
  • 150 Mattie Lane 3

150 Mattie Lane
Tazewell, TN 37879
Parcel/Tax ID: 071H A 022
Lot Size: Approx. 120 x 230 IRR
Approx. 0.62 Acres
Approx. 1,248 sq. ft. home
Current Yearly Property Taxes:
$434.34
Current Tax Appraisal:
$67,400.00
Currently being rented for $500/month | Month to Month Lease

  • 107 Sycamore Street 1
  • 107 Sycamore Street 2
  • 107 Sycamore Street 3
  • 107 Sycamore Street 4
  • 107 Sycamore Street 5

107 Sycamore Street
Bean Station, TN 37708
Parcel/Tax ID: 024P A 001
Lot Size: Approx. 164.4 x 161.6 IRR
Approx. 1,968 sq. ft. home
Current Yearly Property Taxes:
$756.25
Current Tax Appraisal:
$125,000.00
Vacant
BANKRUPTCY REAL ESTATE TERMS: The successful high bidder on this property will be required to sign the Real Estate Purchase Agreement immediately upon conclusion of the bidding and will make an earnest money deposit of ten percent (10%) of the total sales price. A ten percent (10%) buyer’s premium will be added to the high bid to establish the total sales price. Bankruptcy Sale is Subject to Court Approval. The balance is to be paid in full at deed closing within 20 (TWENTY) days, after Court Approval.  Maryville Title to conduct all closings. Property to be transferred with a Trustees Deed ONLY. Seller will provide Trustees Deed ONLY. Title Opinion, Title Insurance, Document Recording & ALL CLOSING COST will be the Responsibility of the Buyer. Buyer is Responsible for ALL Property Taxes (ONLY) Current, Delinquent, fees & any penalties. State Highway 33 was previously purchased at a tax sale and title insurance is NOT available. Buyer is responsible for any and all liens.  No Extensions. Buyer is to obtain his/her own financing. The contract will not be contingent upon financing. All properties are sold “AS IS, WHERE IS and WITH ALL FAULTS” with no financing, inspection or other contingencies to sale. Auctioneer represents the seller only and does not inspect properties on Bidder’s behalf. All Measurements are from tax records and are approximate and not guaranteed. Buyer to verify ALL information to their satisfaction prior to bidding.