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Online Only Bidding Closing April 8th at 12 Noon
5007 Malibu Drive
Knoxville, Tennessee 37918
Open House - Monday, April 5th from 2-4 PM
Selling without Reserve or Minimum
Excellent buying opportunity for a home seldomly available in Beverly Acres Subdivision
Gorgeous 3BR/3.5BA Home located in one of Fountain City’s premier neighborhoods
Approx. 2464 SF on main level with approx. 1000 SF basement sitting on +/- 0.61 acre lot
Immense natural light in oversized living room and dining room, both with cathedral ceiling and exposed beams
Spacious den with gas log fireplace and French doors leading to patio
Split bedroom design with 3 bedrooms on one end of house (one guest bedroom with separate bathroom - original master bedroom and 2 additional guest bedrooms) and oversized +/-560 SF master suite on the other end
Large patio with pergola - entrances to home from patio at both the dining room and den
Basement features 2-car garage, laundry/utility room, 1/2 bathroom with shower stall, storage room and mechanical area
Casement windows, central vacuum system, ample storage spaceNew garage doors installed in 2020
Newer dimensional shingle roof - approx. 5 years old
Carrier HVAC (gas furnace) installed in 2017
Year Built: 1972
County Taxes only - $1,287.00
Lot 167 x 170 x Irr
Beverly Acres Subdivision
Parcel Id 049HD009
Real Estate Terms: Powell Auction will email winning bidder your contract. The successful high bidder on this property will be required to sign the Real Estate Sales Contract, Terms & Conditions and any other documents needed, upon conclusion of the bidding and will make an earnest money deposit of ten percent (10%) of the sales price. A ten percent (10%) buyer’s premium will be added to the high bid to establish the total sales price. US currency cash or approved check. The balance is to be paid in full at the deed closing . By bidding you are entering into a binding agreement.
Tallent Title Group will be conducting the closing. Current taxes, will be prorated at the date of closing, unless otherwise specified. Seller to provide deed. Buyer is responsible for title opinion, title insurance & recording fees. Buyer is responsible for HOA requirements, transfer fees, membership fees, if applicable. Title company closing cost to be split between buyer & seller. Buyer is to obtain his/her own financing. The contract will not be contingent upon financing, inspections or any other contingencies. Powell Auction & Realty LLC and its auctioneer(s) and employee(s) are representing the seller(s) as the sellers Agent(s). All properties are sold “AS IS, WHERE IS and WITH ALL FAULTS”, without any warranties expressed, implied or guarantees of any kind. Agent represents the seller only and does not inspect properties on bidder’s behalf. All measurements, square footage & age are approximate and not guaranteed. Seller and or Agent makes no warranty as to accuracy of information. All information is deemed reliable, but not guaranteed, buyer to verify ALL information, to their satisfaction before bidding. Tennessee Residential Property Exemption and Lead-Based Paint Disclosure Waiver will be a part of the sales contract. Lead-Based Paint inspection starts March 29,2021.**Powell Auction reserves the right to withdraw, without notice, any items in the auction at any time.**
ONLINE Auction Terms:
Thank you for participating in this Powell Auction & Realty LLC Online Auction.
It is important that you familiarize yourself with these terms & conditions of Sale.
If you do not agree with any of the terms and conditions stated, DO NOT BID.
You will be bound by these terms and conditions. Good luck and good bidding. Agent/Auctioneer may withdraw, extend, or rearrange any property and or item(s) at their sole discretion at any time, without notice and will not be liable for any computer, internet or website malfunctions. Bidding may extend, if bids are placed within the last minute, to prevent bid sniping. Powell Auction & Realty LLC will have up to 7 DAYS to provide the Buyer with any documents to be signed, after the auction has ended. Payment must be made within 48 Hrs after being contacted by Powell Auction & Realty LLC.
All properties are sold “AS IS, WHERE IS and WITH ALL FAULTS”, without any warranties expressed or implied or guarantees of any kind. Agent represents the seller only and does not inspect properties on bidder's behalf. All information is deemed reliable, but not guaranteed, buyer to verify ALL information, to their satisfaction before bidding. We do not approve any international bidding. It is up to the auctioneer to approve or disapprove bidders.
Soft Closing : The Auctioneer’s online auctions are designed to mimic traditional “live” auction. For this reason, The Soft close will allow extended bidding until no bids are placed for one minute. 10% Buyers Premium is added to all bids to establish total purchase price. If a bid is placed within last two minutes additional minute will be added to ensure everyone gets time to place their bid.
New Bidders, please Pre-Register, we will have to approve you to Bid!
