Martin Estate West Knox Land Auction

Online Only Auction 

Bidding Starts Closing

October 20 12 Noon 

(Soft Closing )

Selling To Highest Bidder without Reserve 

21.65 Acres Offered In 5 Tracts

Bert Newman Lane

Located off Bakertown Road 

Division of Martin Property 

Property Located on Both Sides of Bert Newman Lane 

Dist 6 Knox County 

Clt Map 91 Parcel 236

Clt Map 105 Parcel 197

Tract 1 – 2.06 Acres  Wooded 

Tract 2 – 2.12 Acres Partial Clearing 

Tract 3 – 8.07 Acres Wooded 

Tract 4 – 6.45 Acres Wooded 

Tract 5 – 2.95  Acres and Home in need of repairs 

Tracts 1,2& 5 Zoned A

Tract3 3,4 Zoned RA

Karns School District 

Real Estate Terms: Powell Auction will email winning bidder  your contract .  The successful high bidder on this property will be required to sign the Real Estate Sales Contract, Terms & Conditions and any other documents needed, 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, plus 1000.00 per tract  for survey, 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 30 days .By bidding you are entering into a binding agreement.  Knoxville Title Agency to conduct 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 company closing cost to be split between buyer & seller. 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. sale is not subject to property disclosure.   **Powell Auction reserves the right to withdraw, without notice, any items in the auction at any time.** Survey cost to Buyer $1000.00 per tract

Online 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.

Survey cost to Buyer $1000.00 per tract

Soft Closing : All Lots will remain open until no bid are place for final one minute. 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 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!