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.




Leeco Steel Property On E. 38th Street Sold For $2,125,000

The Leeco Steel property at 2500 E. 38th St. has been sold for $2,125,000. The sale was to Shades Mountain Properties Llc from Leeco Steel Llc . Leeco continues to operate at the site. Leeco Steel is a division of O'Neal Steel, which dates to 1921. Leeco Steel is described as "a steel service center specializing in carbon, HSLA, alloy, abrasion-resistant, extra-high- ... (click for more)

3 Community Leaders Appointed To Board Of Directors At Habitat For Humanity

Habitat for Humanity of Greater Chattanooga Area announced that business leaders, Tracee D. Smith and Barbara Marter and longtime educator and community leader, Veronica Herrera have been appointed to its board of directors. The appointments were effective  June 25  and will increase the number of directors to 17 members.   "We are excited that Barbara, Tracee, ... (click for more)

$40 Million Traffic Improvement Set To Connect Hamilton Place More Directly With I-75 And Ease Congestion On Shallowford Road

The city, state and CBL & Associates are cooperating on a $40 million plan to make the Hamilton Place section more accessible to Interstate 75. The upcoming project will provide a direct connection for southbound I-75 traffic with Hamilton Place Boulevard. The project will also provide a new connection for those on Hamilton Place Boulevard to enter I-75 northbound. ... (click for more)

Owners Of Trucking Firm Involved In Tragic Wreck At Ooltewah Exit Ask That Cases Be Moved To Federal Court

The owners of a Kentucky trucking firm involved in a wreck in which six people were killed at the Ooltewah exit of I-75 on June 25 are asking that lawsuits in the matter be handled in Federal Court. Cool Runnings Express owners Billy and Cretty Sizemore are asking that the initial suit brought by Ryan Humphries of Cleveland, Tn., be moved from Hamilton County Circuit Court. ... (click for more)

How To Be #ChattanoogaStrong

Chattanooga is my home; I was born here 35 years ago. Without a doubt, this has been one of the most challenging times in our city's history. The #ChattanoogaStrong hashtag will remain for quite some time, but it means so much more than 18 characters on social media. It represents the sorrow and mourning, as well as the resilience and compassion, of our exceptional community.  ... (click for more)

Roy Exum: A Hero Is Coming Home

In late September, a very special funeral will be held in Bearden, Tenn., when 1 st Lt. Alexander “Sandy” Bonnyman Jr., will finally come home to lie in peace with his family. Sandy’s been dead for 72 years now, ever since he was killed in combat on the Tarawa Atoll in the Gilbert Islands on Nov. 22, 1943. He and a number of other Marine heroes were buried back then in a shallow ... (click for more)