Watts Bar Lake Property Auction
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  Auction Details
REAL ESTATE AUCTION

Subject to Knox County Chancery Court Confirmation


Estate of Arthur B. Stowers, Jr.
710 Acres on Watts Bar Lake
Subdivided into 16 Tracts
To Be Offered Separately
And As A Whole

(3) Access Roads from Red Cloud Lane,
Leffew Lane, and Indian Shadows Drive
Ten Mile, TN

Located Between Red Cloud Lane and Blue Springs Marina at Mile Marker 542
on the Tennessee River

Saturday, July 7th, 2012
10:30 AM

2% Broker Participation
Click here for Broker Letter

Open House
Saturday - June 23rd - 10:00 am to 2:00 pm
Sunday, June 24th - 2:00 pm to 4:00 pm
Saturday, June 30th - 10:00 am to 2:00 pm
Sunday, July 1st - 2:00 pm to 4:00 pm
Or by Appointment

SPECIAL FINANCING!

Up to 75% financing; 25 year term; 5 year ARM with rates as low as 3.45%

or

Up to 85 % financing; 15 year term; 5 year ARM

**Rates Subject to change

Contact:
Shane William, Financial Services Officer
423-745-1683 - phone
swilli1@e-farmcredit.com

Directions: Directions: In the Ten Mile Community, from the intersection of Highway 68 & Highway 304 (River Road), travel north on Highway 304 (River Road) for 7.7 miles. Once you pass Hornsby Hollow Recreation Area on your LEFT, Leffew Lane is 2 miles north on the LEFT. Lots 9-12 & 16 are accessed from Leffew Lane. Lots 14 & 15 are located directly on Red Cloud Lane which is the southern boundary of the property. Lots 1 & 2 are located directly on Indian Shadows Drive which is the northern boundary of the property. Indian Shadows Drive is also the access road to lots 3-8.

From Kingston:

In downtown Kingston, from the intersection of TN-58 S /S. Kentucky Street and Hwy 70/Race Street, travel southwest on TN-58 S/S. Kentucky Street toward W. Church Street for 3.6 miles. Turn RIGHT onto TN-304 S/River Road at the white picket fence on RIGHT. Travel for 13 miles. Turn RIGHT onto Leffew Lane and travel 1/2 mile to property at gravel drive. Lots 9-12 & 16 are accessed from Leffew Lane. Lots 14 & 15 are located directly on Red Cloud Lane which is the southern boundary of the property. Lots 1 & 2 are located directly on Indian Shadows Drive which is the northern boundary of the property. Indian Shadows Drive is also the access road to lots 3-8.

Terms: 10% Buyer's Premium - Successful bidders will deposit 10% of the purchase price (including Buyer's Premium) on sale day in the form of cash, certified check or wire, personal or company check, plus a real estate contract must be signed. Balance is due in certified funds at closing. All sales subject to and contingent upon approval of Knox County Chancery Court. Closing must occur within 5 days of the date the Order of Knox County Chancery Court approving the sale becomes final. NO EXTENSIONS AVAILABLE. Sale day announcements control terms of auction. Acreage and square footage believed to be accurate, but not guaranteed.

**All acreage amounts are believed to be accurate but not guaranteed. All information was obtained from appraisals and local courthouse records.**

Furrow Auction Company
© 2012 Furrow Auction Company
TN Auctioneers License #62, TN Real Estate License #1164