Absolute Real Estate Auction – North Knoxville Home

Date: 11/18/2016

Time: 12 NOON

Location: 1202 Cedar Lane - Knoxville, TN 37912

Office: Knoxville

Agent: Kenny Phillips

ABSOLUTE REAL ESTATE AUCTION 1202 Cedar Lane Knoxville, TN 37912

Friday, November 18th at 12 Noon


2 Bedroom & 1 Bath Home

Approx. 1008 SF

Lot Size: 100 x 150

Laminate Floors throughout

Covered Front Porch

Central Heat & Air

Arched Doorway leading between the Living Room and Dining Room

Laundry/Utility/Mud Room

Basement for Storage



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. M&M 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 November 8th, 2016.

DIRECTIONS: From I-75 take exit 108 (Merchant Dr). Head north on Merchant Drive to Cedar Lane. Continue on Cedar Lane for approx 2 miles to the home on the right.

Important Information