8 Properties Knoxville Bankruptcy Auction

Date: 04/30/2020

Time: 12 Noon

Location: Online Only

Office: Knoxville

Agent: Kenny Phillips

Online Only Bidding

8 Fixer Upper Knoxville Properties

 Bidding Opens Monday April 13 

Bidding Closing April 30 12 Noon (Soft Closing)

 Bankruptcy Case 3:20-BK-30118-SHB



1) 5111 Asheville Hwy  single family Resident

Parcel Id 071JE031

Tax appraisal 97,000

Property taxes $1,111.47

Lot 123×205

2) 4728 Holston Drive Single Family Resident

Parcel Id 071OA017

Tax appraisal $47,900.00

Property taxes $549.04

Lot 83 x 398

Demolition Order was entered by City of Knoxville, procures listed under important information at bottom of page 

3)Holston Drive Building Lot

Parcel Id 071OA014

Tax appraisal $17,000.00

Property taxes 



4)5100 Wyndcroft Single family Home, 3 Car Garage

Parcel Id 083CB001

Tax appraisal $152,500.00

Property Taxes $1747.32

Lot 180 x 211

Demolition Order was entered by City of Knoxville, procures listed under important information at bottom of page 

5) 5206 E Sunset Drive Building Lot

Parcel Id 071NE003

Tax appraisal $ 53,000.00

Property Taxes $607.45

Lot 1.7 Acres

Purchased in tax sale, 2005.

6)5201 Shady Dell Single Family Resident

Parcel Id 071NE035

Tax appraisal  $133,800.00

Property taxes $1533.14

Lot 135 x 254

7) 5004 Mcintyre Road   Single Family Resident & adjoining Lot

Property Is Occupied Rented 700.00 monthly 

Parcel Id 071AJ010

Tax appraisal 44,700

Property Taxes $512.33

Lot 50 x 150

 Adjoining Lot

Parcel Id 071AJ011

Tax appraisal $4,800.00

Property Taxes $54.57

Lot 50x 150 

8) 2328 Lawson 

Parcel Id 082AB016

Tax appraisal $76,000.00

Property taxes $871.12

Lot 150 x 50 


BANKRUPTCY REAL ESTATE TERMS: The successful high bidder on this property will be required to sign the Real Estate Purchase Agreement immediately upon conclusion of the bidding and will make an earnest money deposit of ten percent (10%) of the total sales price. A ten percent (10%) buyer’s premium will be added to the high bid to establish the total sales price. Bankruptcy Sale is Subject to Court / Trustee Approval. The balance is to be paid in full at deed closing on or before  June  30 2020. M & M Title Company to conduct the closing. Property to be transferred with a Trustees Deed ONLY. Seller will provide Trustees Deed ONLY. Title Opinion, Title Insurance, Document Recording & ALL CLOSING COST will be the Responsibility of the Buyer. Trustee will pay any delinquent property taxes.Buyer will be responsible for 2020 property taxes. No Extensions. Buyer is to obtain his/her own financing. The contract will not be contingent upon financing. All properties are sold “AS IS, WHERE IS and WITH ALL FAULTS” with no financing, inspection or other contingencies to sale. Auctioneer represents the seller only and does not inspect properties on Bidder’s behalf. All Measurements are from tax records and are approximate and not guaranteed. Buyer to verify ALL information to their satisfaction prior to bidding.

NOTE: warning that demolition orders have been entered by an administrative body to demolish the structures located at 5100 Wyndcroft and 4728 Holston Drive, and that if the buyer of either of these properties wishes to retain the structure, that buyer will be required to work out a plan with the City of Knoxville and will be required to pull appropriate permits from the City of Knoxville within sixty days of taking title to the property, or the structures will be removed by demolition

Inspect property BEFORE Bidding, sale is not contingent on your inspection!

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. We do not approve any international bidding. It is up to the auctioneer to approve or disapprove bidders. 

Soft Closing :The Auctioneer’s online auctions are designed to mimic traditional “live” actions. For this reason, this auction will have a staggered, dynamic closing . Each Lot will be a staggered closing and a  soft close online only with internet bidding. 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.