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.




Habitat For Humanity Of Greater Chattanooga Greater Area And Thrivent Financial Partner To Improve A Family’s Life

Habitat for Humanity of Greater Chattanooga Area  has been awarded $67,000 from Thrivent Financial to support construction of a Habitat home for an area family, as part of the Thrivent Builds program. This is the eighth home in Chattanooga to be built, thanks to Thrivent’s support. Thrivent Builds with Habitat for Humanity is an ongoing multi-year, multi-million ... (click for more)

Real Estate Transfers For Jan. 22-28

NOTICE: The Hamilton County Register’s Office did not publish this data. All information in the Register’s Office is public information as set out in T.C.A. 10-7-503. For questions regarding this report, please call Chattanoogan.com at 423 266-2325. GI numbers, listed when street addresses are not available, refer to the location of transactions (book number and page number) ... (click for more)

State Attorney General Rules Against Erlanger On Closed Meeting Where Management Bonuses Were Discussed

The state attorney general's office has ruled that, under a section of the state Sunshine Law, that the board of a public hospital is not allowed to meet privately to discuss employee bonuses. The Erlanger Health System board recently discussed $1.7 million in management bonuses during a closed-door session. The board then approved the controversial bonuses without discussion ... (click for more)

Chief Fletcher Gives Maximum Punishment To Officer Who Fired At Vehicle That Backed Toward Him; Attorney Vows To Fight To Reverse Decision

Chattanooga Police Chief Fred Fletcher has given a maximum punishment to an officer who fired four shots toward a vehicle after he said the driver backed into his vehicle with him standing behind it. Chief Fletcher sustained a finding of “improper use of force – discharge of firearm.” He suspended Officer Alex Olson for 30 days without pay – the maximum suspension allowed ... (click for more)

Shelley Andrews Will Be Missed - And Response

Shelley Andrews was one of the kindest, most thoughtful and most effective laborers in our community.  Her work with the Friends of Moccasin Bend was exemplary.  She listened, she learned and she led with dignity and class. Her brave battle with ovarian cancer was a testament to her positive spirit and commitment to her work on behalf of the people of this region. ... (click for more)

Roy Exum: The Magic Bank Account

As the month of January is almost out the door, I am opening my email today to share a marvelous story that legend has it was printed on piece of paper found in Bear Bryant’s wallet when he died in 1983. While I don’t know that the famed Alabama football coach had this lesson in his wallet, chances are he might have if he’d read it. * * * THE BANK ACCOUNT & RULES Imagine ... (click for more)