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Bank Foreclosed Property For Sale

Download a pdf file of our current listings of bank owned Property for Sale. These listings are also described below.

Please refer to the 3-digit reference number at the beginning of the listing when making inquires.
Note: Square footage to be verified by purchaser on all descriptions of living space.


002 - 0.29 acre corner lot located on Saloli Way in Chatuga Coves, Tellico Village (Lot 6, Block 3). Gently sloping property located near Tellico Lake.

$19,900.00 Nancy Strange, Lakeside Realty (865) 458-9660

003 - 0.68 acre corner lot located beside 0.27 acre Tellico Village Common Property on Elohi Way, Mialaquo Point Tellico Village, Loudon, TN (Lot 20, Block 27). Gently sloping property.

$18,990.00 Nancy Strange, Lakeside Realty (865) 458-9660

004- Lot 23, Block 20, Mialaquo Coves Tellico Village (Loudon, TN).
0.25 acre lot located on Gado Way. Flat to gently sloping property. $9,000.

Nancy Strange, Lakeside Realty (865) 458-9660



photo of bank owned Property for Sale
photo of bank owned Property for Sale
survey of bank owned Property for Sale
photo of bank owned Property for Sale
005 - Hwy. 68 Commercial 6.08 acres

This commercially zoned property fronts on Highway 68 approximately 2 miles south of downtown Madisonville. The surrounding area consists of some other commercial use properties, as well as residential and agricultural. The topography ranges from flat to gently rolling, with open fields. It is an L shape, with approximately 640 feet of frontage on Hwy. 68 and 330 feet of frontage on Old Tellico Hwy ("old 68"). Public utilities available at the site include electricity and city water.

$140,000.00. Bill Howe, Century 21 Realty (423)337-9355



photo of bank owned Property for Sale
photo of bank owned Property for Sale
007 - The Views at Coker Creek

5 lots, ranging from .94 acres to 1.81 acres. Lots 1 & 2 adjoin for a total of 2.78 acres fronting Smithfield Road. The other lots front on the private gravel road of The Views, which winds in a circle around a pond. The land is sloping from gradual to steep, and is wooded.

Lot 1 - 1.81 acres $36,000
Lot 2 - 0.97 acres $19,000
Lot 4 - 1.33 acres $26,500
Lot 6 - 1.32 acres $21,000
Lot 10 - 0.94 acres $19,000

The Views is a residential development in the rural mountain community of Coker Creek, about 7 miles south of Tellico Plains. As the name suggests, The Views development offers spectacular views of the surrounding mountains.

Corrina Ashe, Jenkins Realty (423)253-2460

Click for more information, survey, photos…



photo of bank owned Property for Sale photo of bank owned Property for Sale
photo of bank owned Property for Sale Bank Foreclosed land For Sale
008 - 1.40 acre corner commercial lot (Lot 5) located in Townsend Town Square with 526 total feet of road frontage on Town Square Drive and Highway 73. Property is level and clear and sits next to the Townsend Post Office and near the Townsend Visitor's Center.

$210,000.00 Martha McCampbell, (865) 448-1111



The following 5 homesites (009-013) are adjacent to each other on Marsh Hawk Drive in the Rarity Bay Subdivision:
survey of bank owned Property for Sale
photo of bank owned Property for Sale
009 - 0.43 acre lake lot in the Rarity Bay Development located on Marsh Hawk Drive. Gently sloping property has good views, underground utilities and TVA dock rights.

$159,000.00 Nancy Strange, Lakeside Realty (865) 458-9660

Bank Foreclosed lot For Sale
Bank Foreclosed lots For Sale
010 - 0.42 acre lake lot in the Rarity Bay Development located on Marsh Hawk Drive. Gently sloping property has good views, underground utilities and TVA dock rights.

$145,000
Nancy Strange, Lakeside Realty (865) 458-9660
(423) 519-1015

011 - 0.50 acre Lot #533 is adjacent to lake lots in the Rarity Bay Development located on Marsh Hawk Drive. Gently sloping property has lake views and underground utilities.

$55,000.00
Nancy Strange, Lakeside Realty (865) 458-9660
(423) 519-1015

Bank owned Foreclosed lot For Sale
Bank owned land For Sale
012 - 0.44 acre Lot #534 in the Rarity Bay Development located on Marsh Hawk Drive.Gently sloping property has great views and underground utilities.

$39,000.00
Nancy Strange, Lakeside Realty (865) 458-9660

013 - 0.48 acre Lot # 535 in the Rarity Bay Development located on Marsh Hawk Drive. Gently sloping property has great views and underground utilities.

$29,000.00
Nancy Strange, Lakeside Realty (865) 458-9660



The following 4 homesites are in the Rarity Bay Subdivision:
photo of bank owned Property for Sale
Bank Foreclosed homes For Sale
014 - 0.49 acre Lot #744 in the Rarity Bay Development located on Song Sparrow Lane. Gently sloping property has lake views and underground utilities.

$27,000.00 Karen Milikan, On the Lake Realty
(423) 519-1015

015 - 0.46 acre Lot #453 in the Rarity Bay Development located on Rarity Bay Parkway. Gently sloping property has lake and mountain views with underground utilities.

$65,000.00 Karen Milikan, On the Lake Realty
(423) 519-1015

Bank Foreclosed lot For Sale
Bank Foreclosed Property For Sale at Rarity Bay
016 - 0.48 acre Lot #458 in the Rarity Bay Development located on Rarity Bay Parkway. Gently sloping property has lake and mountain views with underground utilities.

$125,000.00 Karen Milikan, On the Lake Realty
(423) 519-1015

017 - 0.31 acre Lot #479 in the Rarity Bay Development located on Rarity Bay Parkway. Gently sloping property has lake and mountain views with underground utilities.

$99,000.00 Karen Milikan, On the Lake Realty
(423) 519-1015



photo of bank owned Property for Sale
photo of bank owned Property for Sale
018 - Fire Tower Road - Two parcels, each of approximately 40 acres, are the ideal location for those who want a private homesite in a rural area, with magnificent panoramic mountain views. The best long distance views would be from homes built along the ridgetop, with sloping woodlands covering the rest of the acreage.

Click for more information, survey, photos and video…

This parcel is approximately 40 acres, originally subdivided into 6 adjoining parcels, with several potential homesites on the high ridge along Fire Tower Road (a private road maintained by the county). Approximately 40 acres. $146,500.00. Bill Howe, Century 21 Realty (423)337-9355



photo of bank owned Property for Sale
019 - Hiwassee Ridge Estates

Lot 2 - 7.34 acres $51,000
Lot 3 - 5.16 acres $36,000
Lot 4 - 5.09 acres $36,000

Wide, spectacular mountain views, with rolling valleys of farmland in the foreground, are the selling point of these lots. Hiwassee Ridge Estates, a gated residential development, is entered from Hiwassee Ridge Road, about 4 miles north of downtown Madisonville. It lies in a rural area of unrestricted residential, agricultural, and woodland. Existing homes in this development are of high quality and value, fronting the paved private road. The topography of these lots ranges from flat to steeply sloping. The development includes a common well, and electricity is ready to be tapped into.
Bill Howe, Century 21 Realty (423)337-9355.

Click for more information, survey, photos and video…




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