2 Investment East Knox Homes

Date: 10/09/2020

Time: 12 Noon

Location: ONLINE ONLY

Office: Knoxville

Agent: Kenny Phillips # 2385

2 Investment Homes 

 Absolute Auction 

Selling To Last Bidder

 East Knoxville

2710 Selma Ave 

224 Hidell  Road  

Bidding Starts Closing

Friday October 9 12 Noon

(Soft Closing)

To be transferred by Quit Claim Deed, title insurance will not be available for this property, formally a Knox county surplus property.

224 Hidell Road  Parcel Id 071IF019

3 Bed Room/1 bath

600.00 Cash from Tenant 

2015  Roof has been Replace , upgraded Hvac, Electrical ,Plumbing

 

2710 Selma Ave Knoxville Tennessee 37914

Parcel Id 082KN003

4 bed Room /1 bath

Kcdc Rent 958.00 Month

Owner ask not to disturb Tenants/ no showing available 

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, 224 Hidell Road will be a Quit Claim Deed, title insurance will not be available for this property , formally a Knox county surplus property.  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. Tennessee Residential Property Exemption and Lead-Based Paint Disclosure Waiver will be a part of the sales contract. Lead-Based Paint inspection starts September 28, 2020, IF applicable  **Powell Auction reserves the right to withdraw, without notice, any items in the auction at any time.**

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!