Online Auction Underway For 42 Lots At Lookout Highlands On Lookout Mountain

Saturday, November 16, 2013

An online auction is underway for 42 lots at Lookout Highlands on Lookout Mountain.

Bruce Potts of Potts Brothers Land and Auction said owner George McGee is retiring and wants to liquidate the unsold lots at the development 35 miles from Chattanooga just south of the Trenton-LaFayette Highway. It is off Highway 157 across from the Canyon Ridge Golf Club.

There are 55 permanent or vacation homes at the 1,500-acre property.

Mr. Potts said the owner "has been out here for 22 years and now he is ready to move on to something else."

The lots range from three acres to 17 acres.

Potential bidders need to go to the Potts Auction website at http://pottsbrothers.com/

They can view the amount of the current bid and, after registering, can go online to make a higher bid. Also, lots can be clustered.

Mr. Potts said the close of the auction is set for Thursday at 4 p.m. If there is a bid within 10 minutes of closing time, the auction will be extended for additional bidding. The extension will end when the bidding stops.

Terms are a 25 percent down payment with the balance due in 30 days.

There is a 10 percent buyer's premium.

Mr. McGee reserves the right to reject any and all bids if he considers them too low.

The property includes four lakes and miles of walking trails. There are two waterfalls on the common area of 525 acres.

Dues for the homeowners association are $550 per year, which includes paying for mowing and upkeep of the private roads.

A bidding center has been set up at the entrance to Lookout Highlands to give tours or help with the bidding process.

The bidding started on Nov. 7.

Bids thus far range from $5,000 to $10,500.




Tennessee Housing Development Agency Awards Habitat For Humanity With State Funding

Habitat for Humanity of Tennessee, an organization supporting 50 Habitat affiliates serving 62 counties throughout Tennessee, received a $500,000 grant from the Tennessee Housing Development Agency’s Housing Trust Fund toward the construction of 30 homes statewide.   Locally, Habitat for Humanity of Greater Chattanooga Area was  given an allocation of $15,500 ... (click for more)

Chattanooga Collaborative Senior Housing Concept Presented Thursday

The Chattanooga Collaborative Senior Housing concept was presented outlining a model for a shared lifestyle in an urban setting to a group of senior citizens at the Mean Mug Coffeehouse on Thursday.  The group seeks additional seniors (55 and up) to join with them in establishing a model in Chattanooga that encourages community engagement and longer life by design.  “What ... (click for more)

Two North Shore Sold To Pennsylvania Real Estate Firm For Almost $24 Million

The Two North Shore commercial development on Manufacturers Road in North Chattanooga has been sold to a Pennsylvania real estate firm for  $23,983,363. Steve Arnsdorff, who developed the successful center from the ground up and has continued to manage it, said the deal closed last week. He said the sale for the property at 319 Manufacturers Road is to Stoltz Real Estate ... (click for more)

Tennessee American Water Submits 2015 Infrastructure Capital Projects With 5.6% Rate Hike

Tennessee American Water has submitted to the Tennessee Regulatory Authority its 2015 infrastructure capital projects in conjunction with the new alternative rate mechanism.   Approved earlier in 2014 by the Tennessee Regulatory Authority, the alternative rate mechanism creates a process whereby Tennessee American Water will annually submit by December 1 its capital infrastructure ... (click for more)

Congratulations To Ron Hughes

Hearty congratulations to Ron Hughes for being selected as Tennessee State Elementary Principal of the Year for 2014. Wherever Ron has been assigned as principal, he has exhibited strong leadership both academically and morally. His faith in God and his love for the students of Hamilton County have guided his actions and everyone that has benefited from the excellent education ... (click for more)

Roy Exum: Brittany’s Days Dwindle

So here we are, facing what is known as “Devil’s Night” before Halloween comes, and the almost macabre news now comes that Brittany Maynard, the beautiful girl who has chosen to end her life as soon as Saturday, is struggling to meet her own deadline. She has inoperable brain cancer and, at best, only months to live. The 29-year-old, who was married shortly before her devastating ... (click for more)