123 Acres Cool Branch Rd Norris Lake

Date: 10/22/2020

Time: 12 Noon

Location: ONLINE ONLY

Office: Knoxville

Agent: Kenny Phillips #2385

Online Only 

 Real Estate Auction

123 acres +- Bordering Norris Lake

Beautiful View

 Selling To Highest Bidder No Reserve

 Recreational * Hunting * Build your Dream Home

 Bidding Starts Closing October 22

12 Noon ( soft closing) 

 Go walk the property at your convenience 

Approx. 328’ at 1020 TVA Level 

Cedar Grove and Straight Creek Boat Dock Area

Norris Lake History 

 

Closing with in 30 days, 10% buyers Premium added to final Bid   

 Auction Terms: 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 within 30 days .By bidding you are entering into a binding agreement.  M & M Title Company to conduct 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, Survey, 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. sale is not subject to property disclosure.  Powell Auction reserves the right to withdraw, without notice, any items in the auction at any time. Terms are subject to change. All announcements made at the auction take precedence over all other advertising and or any type and kind of material.

 

Online 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.

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! 

TVA Information

 

For more information on shoreline construction visit our website here:

https://www.tva.com/environment/shoreline-construction-permits

 

TVA 26a Guidelines
https://www.tva.com/environment/shoreline-construction-permits/section-26a-guidance

 

 

Application Instructions

https://www.tva.gov/Environment/Shoreline-Construction/Application-Instructions

 

 

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