ABSOLUTE REAL ESTATE AUCTION

512 Cedar Avenue Knoxville, TN 37917

Saturday, May 13th at 12:00PM

Investment property opportunity in North Knoxville – Oakwood-Lincoln Park area

Located in close proximity to growing Central Street area, Downtown and Fountain City

2 Bedrooms & 1 Bath

Approx. 1543 SF

Newer Goodman heat & air unit

Detached storage building/shed

Lot Size: 50 x 135

Tax Appraisal: $47,900.00

Total Taxes: $604.40

Parcel/Tax ID: 081cc015

Year Built: 1910

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 inspection waiver will be a part of the sales contract. Lead-based paint inspection period begins May 1st, 2017.