20 Acres Tellico Lake

Date: 09/24/2020

Time: 12 Noon

Location: ONLINE ONLY

Office: Knoxville

Agent: Kenny Phillips #2385

Bank Owned Property 

 Online Auction

 Bidding Starts Closing Thursday September 24

12 Noon 

( Soft Closing)

Selling to Highest Bidder without Reserve

 341 Boiling Springs Road Vonore Tennessee

Parcel Id 071 005.01

 Approx 20 Acres Bordering  Tellico Lake

If you looking for a place off the beaten path

to have peace and quiet Here you Go.

Selling with NO Reserve  Opening Bid $1.00

 Property Lines are unknown by auction company make yourself satisfied to location, selling as is! 

Tellico Lake consists of 15,860 acres of surface, 373 miles of shoreline and a 2627 square mile watershed. It is located 30 minutes southwest of Knoxville …

 

Direction: From Madisonville take Ball Road 10.9 Miles turn left on Three Point Road go .8 then right on Boiling Springs Road 2.4 Miles to property on left

Real Estate Terms: Powell Auction will email you documents on September 24th  .  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 .Sales price is subject to owner conformation. By bidding you are entering into a binding agreement.  Jackson Square Title Company to conduct the  closing. Current taxes, will be prorated at the date of closing, unless otherwise specified. Seller to provide Special Warranty 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. 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. Auction is subject to confirmation.  **Powell Auction reserves the right to withdraw, without notice, any items in the auction at any time.**

Property Line are unknown by auction company make yourself satisfied to location, selling as is 

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” 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!