16 Lots Chestnut Ridge Subdivision, Knox County

Date: 05/30/2020

Time: 12 Noon

Location: Online

Office: Knoxville

Agent: Kenny Phillips

ONLINE AUCTION

CHESTNUT RIDGE SUBDIVISION

Postponed

 

ONLINE ONLY (Soft Closing)

16 LARGE HOMESITES

PARCEL #041PA001 – LOT 1 – CHESTNUT HILL LANE

PARCEL #041PA005 – LOT 5 – HILLSIDE TERRACE LANE

PARCEL #041PA007 – LOT 7 – HILLSIDE TERRACE LANE

PARCEL #041PA016 – LOT 16 – HILLSIDE TERRACE LANE

PARCEL #041PA023 – LOT 23 – HILLSIDE TERRACE LANE

PARCEL #041PA025 – LOT 25 – HILLSIDE TERRACE LANE

PARCEL #041PA026 – LOT 26 – HILLSIDE TERRACE LANE

PARCEL #041PA028 – LOT 28 – HILLSIDE TERRACE LANE

PARCEL #041PA029 – LOT 29 – HILLSIDE TERRACE LANE

PARCEL #041PA062 – LOT 55 – CHESTNUT HILL LANE

PARCEL #041PA063 – LOT 56 – CHESTNUT HILL LANE

PARCEL #041PA064 – LOT 57 – CHESTNUT HILL LANE

PARCEL #041PA065 – LOT 58 – CHESTNUT HILL LANE

PARCEL #041PA073 – LOT 68 – EAGLE VISTA LANE

PARCEL #041PA074 – LOT 69 – EAGLE VISTA LANE

PARCEL #041PA044 – LOT 70 – EAGLE VISTA LANE

Auction Presented by Powell Auction & Realty along with Alley Auction  

                        Powell Auction  865-938-3403            Alley Auction  865-584-5791

There are 16 building lots to choose from in Chestnut Ridge Subdivision which is located in East Knox County, TN. 16 lots will be sold by confirmation from the Seller. There are NO CITY TAXES on this property! The property is convenient to the University of Tennessee, Knoxville, Jefferson City, Sevierville and the Great Smoky Mountains. Also an easy drive to Douglas Lake, Cherokee Lake and Fort Loudon Lake as well as ALL area attractions, businesses, schools, hospitals, shopping entertainment. There are already several beautiful homes in the neighborhood. Check this properties out and call us  for assistance.

REAL ESTATE TERMS: The successful high bidder on this property will be required to sign the Real Estate Sales Contract, Terms & Conditions and any other documents needed, immediately 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 ,Current taxes will be prorated at on the day of closing. Seller will provide a Warranty Deed to the Buyer at closing. Buyer is responsible for title opinion, title insurance & recording fees. HOA dues will be pro-rated at closing. Customary Title closing cost to be split between buyer & seller, unless otherwise specified. 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 & acreages 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!

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.

Soft Closing :The Auctioneer’s online auctions are designed to mimic traditional “live” auctions. For this reason, this auction will have a staggered, dynamic closing. Lots will have a Staggered Closing: Each lot will be auctions will be close online only with internet bidding after clock counts down and no bids are placed for one minute.Soft close will allow extended bidding until no bids are placed for one minute.If a bid in placed in last two minutes additional minute will be added to ensure everyone has time to place their bid. 10% Buyers Premium is added to all bids to establish total purchase price. If you have any questions about the procedure please feel free to give us a call.

Important Information