Home & Lot Jellico Tennessee

Date: 10/16/2020

Time: 12 Noon

Location: Online Only

Office: Knoxville

Agent: Kenny Phillips #2385

691 Hall Street Jellico 

Building lot Ivey Street Jellico 

 Online Real Estate Auction 

 Bidding Closing Friday October 16 12 Noon

(Soft Closing) ONLINE ONLY

 Sale 1

691 Hall Street 

Corner Fenced in Lot with 2 gates 

2 story Home 

Garage and storage building

3 Bed room /1 Bath Main Level

Efficiency  1 Bed /1 Bath Downstairs/ Kitchenette

 Central Heat and Air

Oak kitchen cabinets, Refrigerator , stove Range, dishwasher

Washer Dryer

Pine flooring and carpet

Built in 1945 

Parcel Id 004GB023.00

Lot 117 x 126













Sale 2

Building Lot 

 Ivey Street

 200 x 100 Partially Fenced

Storage Building 

Parcel Id 004GB008.01


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 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 and Lead-Based Paint Disclosure Waiver will be a part of the sales contract. Lead-Based Paint inspection starts OCTOBER 1, 2020, IF applicable. Final bid is subject to conformation and acceptance of owner 
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” 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!