Oak Ridge, TN Investment Property Auction

Date: 02/09/2017

Time: 12 NOON

Location: 129 Manhattan Avenue - Oak Ridge, TN 37830

Office: Knoxville

Agent: Kenny Phillips

REAL ESTATE AUCTION 129 Manhattan Avenue Oak Ridge, TN 37830

Thursday, February 9th at 12 NOON

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 Oak Ridge Investment Property


Formerly used as a duplex – currently a single unit dwelling

Year Built: 1948

Lot Size: 0.32 acre

Approx. 1392 SF

Tax Appraisal: $81,100

Total Taxes: $1,036.96

Detached carport

Handicap ramp

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 January 31st, 2017.

DIRECTIONS: From Oak Ridge, head east on Oak Ridge Turnpike. Turn right onto Lafayette Drive to right onto W Gettysburg Avenue. Turn right onto Manhattan Avenue to the property on the right.

Important Information