SOLD | $416,350 | 401 & 403 Kingston Street | Lenoir City, TN 37771

Date: 01/13/2022

Time: 7:00PM

Location: Online Bidding Only

Office: Knoxville

Agent: Kenny Phillips - #2385

Online Only Real Estate Auction
401 & 403 Kingston Street | Lenoir City, TN 37771

BIDDING BEGINS TO CLOSE:
Thursday, January 13th at 7:00PM

OPEN HOUSE:
Tuesday, January 11th from 1-4PM
Additional Real Estate showings by appointment

401 KINGSTON STREET

Experience the grandeur of an age gone by in this mid-century modern gem up on the hill above the various shops and restaurants in historic downtown Lenoir City

Space for a big family, or an ideal bed and breakfast location 

The formal entry gives way to the generous living room with a massive gas fireplace flanked by built-in bookshelves

Main floor has 4 huge bedrooms, 2 full baths and a half bath, and also includes a large main floor laundry room

Storage abounds in more closets than you can count

A completely remodeled kitchen with granite countertops & backsplash, solid wood cabinets, and a prep sink that can double as a wet bar for entertaining

The massive patio with granite fire pit graces the outdoor living space directly off the den and Kitchen

The lower level offers a huge wood burning fireplace in what was once a theatre room complete with wet bar

Flanked by large rooms with windows but no closets, storage space, two car garage and a darkroom 

All of this is situated on a huge corner lot

Approx. 5034 Total SF | 2795 SF Main Level | 2239 SF Basement

5 Bedrooms | 2 Full Bath | 2 Half Baths

Parcel/Tax ID: 020K H 047.00

Yearly Lenoir City Property Taxes: $595.56

Yearly Loudon County Property Taxes: $947.33

Year Built: 1965

Lot Size: 0.29 acres (90 x 142.50)

Water Guard basement system with transferable warranty installed by Master Services (July 2021)

403 KINGSTON STREET

Remodel has been started and needs to be completed

Approx. 834 SF

Detached garage/workshop

Parcel/Tax ID: 020K H 048.00

Yearly Lenoir City Property Taxes: $153.56

Yearly Loudon County Property Taxes: $397.81

Year Built: 1953

Lot Size: 0.28 acre (85 x 142.50)

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 December 10th, 2021.

Southeastern 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 on or before February 14th, 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!