SOLD | 1705 Eureka Road | Rockwood, TN 37854

Date: 07/27/2022

Time: 12:00PM (Noon)

Location: Online Bidding Only

Office: Knoxville

Agent: Kenny Phillips - #2385 | Phillip Hopper - #6709 | Ronnie Colyer - #1365

Online Only Real Estate Auction
1705 Eureka Road | Rockwood, TN 37854

Hidden Gem of Roane County with endless possibilities

BIDDING BEGINS TO CLOSE:
Wednesday, July 27th at 12:00PM (Noon)

OPEN HOUSE:
Monday, July 25th from 2-4PM

Beautiful 1940s brick school is a blank canvas waiting for your creative touch

Original structure was built in 1947 as an elementary school - 5th classroom and garage were reportedly added sometime in the 1960s

Approx. 4800SF building with 5 classrooms, main assembly room and a 1400SF attached garage

Possibilities are endless with this property and its gorgeous architectural features

Decommissioned brick schoolhouse building with original hardwood floors and newer metal roof

Attached 1400SF (28' x 50') garage with 12' rollup door - large enough to accommodate a motorhome & 2-3 cars

Seller purchased the property directly from Roane County in 1992

Metal re-roof on original trusses was installed around 1994

Garage flat roof was replaced with half-gable trusses & composition shingles in 1994

Nailed ceiling tiles were removed in 2020 to examine trusses

Perimeter wall plates under trusses were replaced with pressure-treated lumber in 2020

Over 5,000 new 3" rubber-washer roof screws replaced in 2020

New vertical face metal and all new flashing installed at the garage in 2020 

The property has no septic system, plumbing fixtures or plumbing pipes anywhere on the property

200-amp electric service panel installed for the garage only in 2012

City of Rockwood municipal water and natural gas are available at Eureka Road

Paved driveway is utilized as a presumed prescriptive easement since 1992

Property is located outside of the municipal limits of the city of Rockwood

All personal property and furniture seen in the interior pictures to be included in the sale or can be removed prior to closing - Buyer's choice!

Roane County Parcel/Tax ID:
065  058.01

Lot Size:
+/- 1.13 acres

Zoning:
Agriculture-1

Yearly property taxes (Roane County only):
$153.14

Year built:
1947

SALE CONDUCTED IN CONJUNCTION WITH:
Ronnie Colyer Auction & Realty | 423-506-0990

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. Sale is exempt from TN Residential Property Condition Disclosure. Lead-Based Paint Inspection to begin July 17th, 2022.

Title One 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. Closing to occur by August 26th, 2022.

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 will be part of the sales contract. **Powell Auction reserves the right to withdraw, without notice, any items in the auction at any time.**

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-hours 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.

New Bidders, please Pre-Register, we will have to approve you to Bid!