Absolute Auction of 3 East Knoxville Investment Homes – Online Bidding Only

Date: 05/10/2017

Time: 12:00PM

Location: Online Bidding Only

Office: Knoxville

Agent: Kenny Phillips or Phillip Hopper

ONLINE ONLY ABSOLUTE REAL ESTATE AUCTION

3 East Knoxville Investment Properties

Selling to settle the Estate of Pearlena Benn

ONLINE BIDDING ONLY BIDDING ENDS: Wednesday, May 10th at 12:00PM

CLICK HERE FOR ONLINE BIDDING

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1. 2301 Brooks Avenue     Knoxville, TN 37915

2 Bedrooms & 1 Bath Approx. 1211SF Brick ranch style home on corner lot Home features 2 bedrooms, 1 bath, living room, dining room, eat-in kitchen, and carport with storage Tax Appraisal: $38,700.00 Property Taxes: $487.71 Year Built: 1950 Lot Size: 50×150 (corner lot)


2. 2304 Brooks Avenue Knoxville, TN 37915

4 Bedrooms & 2 Bath Approx. 1550SF plus finished square footage in attic 2-story brick home with unfinished basement on corner lot Main Level features: 2 bedrooms & 1 bath Living room with fireplace Dining room Kitchen with breakfast room 2-car attached garage Upstairs features: 2 bedrooms & 1 bath Den 2304 & 2306 Brooks Avenue are currently on the same lot. Approval for a lot split as well as additional acreage added to the lot for 2306 Brooks Avenue has been approved by the city. The approved plat attached will be filed with the County just subsequent to closing. Year Built: 1955


3. 2306 Brooks Avenue Knoxville, TN 37915

4 Bedrooms & 2 Bath Approx. 2098SF Brick basement ranch style home Home features: 4 bedrooms& 2 bath, dining room, living room, kitchen and unfinished basement 2304 & 2306 Brooks Avenue are currently on the same lot. Approval for a lot split as well as additional acreage added to the lot for 2306 Brooks Avenue has been approved by the city. The approved plat attached will be filed with the County just subsequent to closing. Year Built: 1951 Currently rented month-to-month (tenant is supposed to be paying $700 per month)


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 contract price. US currency cash or approved check. The balance is to be paid in full at deed closing within 30 days. Maryville Title to conduct the closing. Current taxes will be prorated at the the date of closing. Seller to provide deed. Buyer is responsible for title opinion, title insurance and recording fees. Customary closing costs to be split between the buyer and seller. Buyer is to obtain their own financing. The contract will not be contingent upon financing, inspections or any other contingencies. Powell Auction & Realty, LLC and its auctioneers and employees are representing the sellers as the sellers’ Agents. 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 and age are approximate and not guaranteed. Seller and/or Agent makes no warranty as to the accuracy of information. All information is deemed reliable, but not guaranteed. Buyer to verify ALL information to their satisfaction prior to bidding. Tennessee Residential Property Exemption Notification and Lead-Based Paint Disclosure waiver will be a part of the sales contract. Lead-based paint inspection begins April 30th, 2017.
ONLINE REAL ESTATE TERMS: Thank you for participating in a Powell Auction & Realty, LLC Online Auction. It is important that you familiarize yourself with the Terms and Conditions of the Sale. If you do not agree with any of the terms and conditions stated, PLEASE DO NOT BID or you will be bound by those Terms and Conditions. Good luck and good bidding. Auctioneer/Employees without notice may withdraw, extend or rearrange any property, and or item at their sole discretion at any time and will not be liable for any computer, internet or website malfunctions. Payment must be made within 24 Hours after being contacted by Powell Auction & Realty, LLC. 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. 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.