SPENCER, Tenn., May 3, 2016 /PRNewswire/ -- Long Branch Lakes, a rural master planned community near Falls Creek Falls State Park in Tennessee's Cumberland Plateau Region, will finally have the chance to become the premier community envisioned when it was first created in the mid-2000s. River City Bank of Rome, Georgia, is preparing to auction the remaining land and the seller's interest in the common areas, with John Dixon & Associates marketing the property and managing the event.
The absolute auction will include 1,386 acres, including 250 home sites ranging from one to 12 acres, as well as six land tracts ranging from 10 to 50 acres. All of the land will sell as an entirety. In an absolute auction, the property sells to the highest bidder with no minimum or reserve.
"Like countless other communities, Long Branch Lakes got caught in the credit crisis, and now someone will have a chance to acquire all the remaining land and seller's interest in the common areas for a fraction of its pre-crash value. With today's greatly improved market conditions, that will be a great opportunity for the right developer or investor," said John Dixon, president of the auction company.
"This entire development is built around the lakes, which were a Bill Dance Signature Lakes project, headed by bass fishing's first superstar. The common areas include four tennis courts, as well as pavilions and soccer fields. The buyer of this land will have everything a developer needs to turn this into a very profitable venture," said Dixon.
The auction will begin at 11 a.m. Wednesday, June 1, at the large pavilion in the common area. Individuals seeking additional information may visit www.johndixon.com or call 800-479-1763.
John Dixon & Associates, based in Atlanta with offices in Florida, North Carolina and South Carolina, is one of the nation's largest auctioneers of real estate.
For more information:
Carl Carter, 205-378-9290
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SOURCE John Dixon & Associates