+/- 49.67 acres of land in McMinn County | 530 County Road 267 | Niota, TN 37826

Date: 10/20/2022

Time: 7:00PM

Location: Online Bidding Only

Office: Knoxville

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

Online Real Estate Auction
530 County Road 267| Niota, TN 37826

Beautiful +/- 49.67 acres offered in 9 tracts or as a whole

BIDDING BEGINS TO CLOSE
Thursday, October 20th at 7:00PM

OPEN HOUSE:
Tuesday, October 18th from 2-4PM

+/- 49.67 acres offered in 9 tracts and as a whole

Beautiful McMinn County land

40' x 60' barn with doors on each end

12' x 32' storage buidling with 12' sheds on both sides

30' x 40' garage with concrete floor, one door, 2 storage rooms and electricity & water

Natural gas and city water are available

Gorgeous views

Located in close proximity to I-75 exit 56

TRACT 1: +/- 5.96 acres

TRACT 2: +/- 5.28 acres

TRACT 3: +/- 6.84 acres
Barn, Shed & Garage

TRACT 4: +/- 5.79 acres

TRACT 5: +/- 5.29 acres

TRACT 6: +/- 5.08 acres

TRACT 7: +/- 5.05 acres

TRACT 8: +/- 5.29 acres

TRACT 9: +/- 5.09 acres

For the property to sell as a whole, the bid price for the property as a whole must exceed 10% above the total price of tracts 1-9 (Example: Total price of tracts 1-9 equals $500,000. Bid price for the property as a whole has to be at least $550,001)

A survey origination fee of $900 per tract to be paid by the buyer will be added to the sales contract price and paid at closing (if the property is sold as a whole the survey fee will be $8,100)

Portion of current McMinn County Parcel/Tax ID:
026  001.00

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

Rural-1st

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. 

Reliance Title 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 November 21st, 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 and Lead-Based Paint Waiver 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 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.

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