Investment Real Estate Auction

Date: 01/23/2020

Time: 12 Noon


Office: knoxville

Agent: Kenny Phillips

 Investment Real Estate Auction 

 Thursday January 23 12 Noon

Online Only Bidding

2225 McCalla Ave Knoxville Tennessee 37915

2225 McCalla Ave Duplex 

2227 McCalla Vacant lot








2225 McCalla Ave last used as a duplex

Brick two story  Property, hard wood flooring, Fire Place 

lots of original trim and wood work from the 1940’s 

Great opportunity to rehab this as a duplex or back to single family. 

 Built in 1945

 Property Taxes 1435.66

 Lot 47 x 140

 sq ft per tax records 2137

Zoning C3

Parcel Id 082OM025

2227 McCalla  Ave Knoxville Tn 37915

Vacant lot 

 50 x 140 

 Zoning C3

 Property Taxes 45.02

 Parcel Id  082OM024


 ESTATE 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 price. US currency cash or approved check. The balance is to be paid in full at the deed closing WITHIN 15 DAYS by designated closing company. Tennessee Valley Title company will be conducting the closing. Current taxes will be prorated at the date of closing, unless otherwise specified. Seller to provide deed. Buyer is responsible for title opinion, title insurance & recording fees. Buyer is responsible for HOA requirements, transfer fees, membership fees, if applicable. Title closing cost to be split between buyer & seller, unless otherwise specified. 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 January 2 2020, Sale is subject to owner conformation. 

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. Staggered Closing: auctions will be either sold close online only or live with internet bidding. Sold close will allow extended bidding until no bids are placed for one minute. Live auctions with internet bidding allows rebidding and bidding during live auction.10% Buyers Premium is added to all bids to establish total purchase price.