ABSOLUTE AUCTION
BILL H. WITT ESTATE
TELLICO PLAINS, TN 37385
"There's gold in them thar hills!"
Bidding Begins Tuesday, October 21st @ 10am
Begins Ending Tuesday, October 28th @ 2pm
Sale 1: Smithfield Road, Tax map 178 parcel 007.00. Smithfield Road, Tellico Plains, TN consists of 40 (+or-) acres of the legendary Whippoorwill Gold mine! This is a once in a lifetime chance to own a part of American history! This rolling mountain property is covered with beautiful forest of hardwood and evergreen trees. There is wildlife galore roaming on this property. It borders the Cherokee National forest on the western and northern borders of the property. There are several good building sites to build your mountain retreat.
Sale 2: Smithfield Road, Tax map 178 parcel 006.00, Tellico Plains, TN consists of approx. 9.5 (+or-) acres that adjoins the Cherokee National forest on the Western border of the property, and adjoins the 40 acre Whippoorwill gold mine tract. Beautiful forest area with evergreens and hardwoods, with lots of wildlife roaming this land. Very nice building sites on this property.
Sale 3: Highway 68- Tax map 203 parcel 055.02 Over 650 feet of frontage on Highway 68 that borders the famous Coker Creek in Tellico Plains. It consists of approx. 2 acres (+or-).
Sale 4: 8609 Highway 68 Tellico Plains, TN (corrected) Tax map 125 parcel 059.06. This property has approx. 403' of highway frontage on 68. It consists of approx. 2.5 acres (+or-) and is gently rolling wooded land with a great building sites.
Sale 5: Highway 68 Tax map 125 parcel 059.12 Property consists approx. 5.5 (+or-) acres and borders the Upper Prong creek. It is mostly wooded and shares an entrance with adjoining property.
Auctioneer's note: We in no way can predict or estimate there being any gold on the properties. The buyer(s) agree that this is mentioned for the historical purposes of the properties. There has been gold found on the property in the mine. That doesn't mean gold will be found in the future. Past mining performance is not indicative of future results.
Properties being sold AS-IS. No new surveys have been made of the properties. Acreage is taken from tax maps in the Monroe County Property Assessor's Office. Could be more or less acreage in each parcel. The term "There's gold in them thar hills!" is from a Mark Twain novel "The American Claimant", and doesn't refer to gold being on any of these properties (we just don't know).
Real Estate: 10% buyer's premium added to final bid price. Property sold AS-IS. 10% deposit required within 24 hours of sale's conclusion. Closing in 30 days or less. Be sure you are willing to follow through with the purchase if you bid on the real estate. *If you are the top bidder, you will be expected to perform. DeLozier Auctions reserves the right to use whatever means is necessary in accordance to Tennessee Law for performing on a contract.* Homes built prior to 1978 may contain lead-based paint. There is extended bidding on the real estate: bidding on all properties will extend 5 minutes if there is a bid within the last 5 minutes of the auction. For instance, if a property receives a bid at 1:59PM day of closing, the new closing time will be 2:04pm for all properties. Once all bidding is exhausted and no more bids are received, then the time will tick down and the auction will close. This closely mimics a live sale. TIMED BIDDING ON ALL PROPERTIES IN THIS SALE WILL EXTEND IF THE BIDDING ON ANY ONE OF THEM IS EXTENDED. If you don't understand the terms of the auction, call us at 865-681-7797 and we can explain them to you. If you don't agree with the terms or don't trust the system, THEN DON'T BID! It's that simple. Thank you, and Happy bidding!
*In the event lot 1 and 2 are purchased by different buyers, a driveway easement will be granted across lot 2 for ingress and egress to ensure access to lot 1.*
*In the event lot 4 and 5 are purchased by different buyers, a driveway easement will be granted across lot 4 for ingress and egress to ensure access to lot 5.*
TN Auction License 4498.