Saturday, June 22, 2019 • 10:30 AM
THE MICHAEL THOMPSON ESTATE
PROPERTY 1 – 6800 Simpson Rd,
Loudon, TN 37774
82+/- Acres offered in big tracts or as a whole, plus barns, home, silos and outbuildings. Fronting Simpson Rd & Hwy 72.
PROPERTY 2 – 15370 Watkins Rd,
Loudon, TN 37774
2Bedroom, 1 bath fixer upper on a beautiful, level, 2 acre lot just a quarter mile off Hwy 72 on Watkins Rd. 7 mins. to I-75- exit 72, 5 mins. to Loudon City limits, 15 mins. to Lenoir City, 20 mins. to W. Knxoville, 10 mins. to Hwy 411, & 5 mins to Tellico Village and Clear Creek boat launch. To Be Sold From 6800 Simpson Rd location.
AUCTIONEERS COMMENTS: We have been commissioned by the Heirs to sell these valuable Loudon County Properties. The Farm fronts Hwy 72 (without ingress & egress) and Simpson Rd and is improved with an older home, good barns and outbuildings. The land is beautiful, rolling to level land to be sold in big tracts or as a whole. The Watkins Rd property is a big nice lot with a 2-bedroom, 1 bath fixer upper. Both in this ever-growing super location between Loudon and Vonore. Utility water, paved roads, good views.
TERMS: A 10% non- refundable deposit of the contract price will be required day of sale. Each purchaser will also be required to sign a promissory note for the full purchase price which will become null and void upon closing of the sale. This property is being sold as is without contingencies financial or other, so please make any needed arrangements. Closings will take place on or before 30 days from sale day. This is a 10% Buyers Premium Auction. Information deemed reliable but not guaranteed. Announcements made day of sale supersede any and all printed or verbal statements made by the Owners or the Auction Co.
NOTICE: Under U.S. c4582 (d) the purchaser of a single-family residence has a maximum of ten (10) days to conduct a risk assessment or inspection of the property for the presence of lead-based paint hazards. June 12, 2019 begins this ten (10) day period.
Financing Available! Call David Reynolds at 865-640-3179. Down payment as low as 15%, long term fixed rates! NMLS 1200730
DIRECTIONS: TO SALE SITE- From Downtown Vonore Via Hwy 72 – Take Hwy 72 approx. 7.74 miles to right onto Watkins Rd, follow approx. 0.45 to left onto Simpson Rd. Follow signs to sale site on left. From Loudon – Via Hwy 72, go approx. 5.36 miles to left onto Watkins Rd, follow approx. 0.45 miles to left onto Simpson Rd. Follow signs to sale site on left. TO WATKINS ROAD PROPERTY – From Downtown Vonore – Via Hwy 72 go 7.74 miles to right onto Watkins Rd, follow signs to property on right. From Loudon – Via Hwy 72 go 5.36 miles to left onto Watkins Rd, follow signs to property on right.
FRIDAY, JUNE 21 FROM 3PM TO 6PM