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.




Patrick Martin Joins Fletcher Bright Realty

Robert Backer: August 2021 Local Housing Market Statistics

Tonya Bell Receives RCE Designation From National Association Of Realtors


Fletcher Bright Realty announces Patrick Martin has joined the firm as an affiliate broker. Originally from New Orleans, La., Patrick had a lifelong career with the U.S. Postal Service, ... (click for more)

In August, the housing market showed few signs of cooling off. School has started, and the majority of students are reporting for in-person schooling. But the hot real estate market isn’t just ... (click for more)

Tonya Bell, MLS Director, of the Greater Chattanooga Realtors is being honored by the National Association of Realtors with the realtor association certified executive designation, which recognizes ... (click for more)



Real Estate

Patrick Martin Joins Fletcher Bright Realty

Fletcher Bright Realty announces Patrick Martin has joined the firm as an affiliate broker. Originally from New Orleans, La., Patrick had a lifelong career with the U.S. Postal Service, most recently serving as the postmaster for Whitwell, Tn. He appeared in the Miramax production, Paperclips, a documentary that teaches middle schoolers about the meaning of diversity through ... (click for more)

Robert Backer: August 2021 Local Housing Market Statistics

In August, the housing market showed few signs of cooling off. School has started, and the majority of students are reporting for in-person schooling. But the hot real estate market isn’t just limited to single-family homes; the rental market is quite hot as well. The booming U.S. housing market has spilled over to the rental market with demands for apartments and single-family ... (click for more)

Breaking News

Prosecutor Says Janet Hinds Was Drunk Driver Who Failed To Stop After Hitting Rookie Police Officer; Defense Says "Perfect Storm" Of Mistakes Led To Nicholas Galinger Death

Prosecutor Cameron Williams, addressing a jury from Nashville in the case involving the traffic death of Chattanooga Police rookie Nicholas Galinger, characterized Janet Hinds as a drunk driver who had five drinks that night before driving back home. He said she made no effort to stop, and waited days to turn herself in. He said the injuries were catastrophic, and that officers ... (click for more)

Woman, 86, Dies In Dalton House Fire

A fire at a home in Dalton, Ga., claimed the life of an elderly resident on Sunday evening. The cause of the fire is being investigated by the Dalton Fire Department, but preliminary indications from the investigation do not indicate foul play. The fire department was called to the home at 1011 Riverbend Road at approximately 5:45 p.m. and, when firefighters arrived ... (click for more)

Opinion

Ugly Events In Our Past Must Not Be Forgotten - Response

It is good that Chattanooga has erected a memorial to Ed Johnson. The ugly events in our past must not be forgotten. While we are remembering, we should not forget the late Leroy Philips, whose research brought the Ed Johnson affair back into our current attention. As a defense attorney, Leroy was a tireless fighter for the underdogs. John L. Odom Ooltewah ... (click for more)

Roy Exum: Inside A Nashville ICU

The following story, which was written by Blake Farmer of Nashville Public Radio under the auspices of the Tribune Media, has appeared on newspaper websites all across America over the weekend and tells the plight of an over-the-road trucker and father of six who is hanging on by his bare fingernails. It appears his life will never be the same Joe Gammon – who has been in the ... (click for more)