Online Only – Absolute Auction of Fountain City Condo

ONLINE ONLY

ABSOLUTE REAL ESTATE AUCTION

810 Highland Drive, Unit 1001 Knoxville, TN 37912

ONLINE BIDDING ONLY BIDDING ENDS: Wednesday, May 31st at 12:00PM

CLICK HERE FOR ONLINE BIDDING

Condo located in the Highlands Condominiums

All-brick end-unit 2-story condo in Fountain City

Approx. 1188SF (594 on each level)

2 bedrooms & 1.5 bath

Living room/dining room combo with bay window

Large kitchen with ample cabinetry

Laundry room located off of kitchen

Back patio with storage room

HOA Dues: $366.00 per quarter

Tax Appraisal: $79,200.00

Property Taxes: $998.69

Parcel/Tax ID: 069hd00237

Year Built: 1985

**NOTE FROM THE HIGHLANDS HOMEOWNERS ASSOCIATION:

• Dues are currently $366.00 per quarter
• Dues are set to increase to $400.00 per quarter
• Dues are allowed to increase by 10% per year without an approval vote
• Future maintenance needs will require a special assessment payment from each owner to be paid this year (could be in excess of $500.00)
• PLEASE READ ATTACHED MASTER DEED

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. 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 Disclosure waiver will be a part of the sales contract. Lead-based paint inspection begins May 16th, 2017.

ONLINE REAL ESTATE TERMS: Thank you for participating in a Powell Auction & Realty, LLC Online Auction. It is important that you familiarize yourself with the Terms and Conditions of the Sale. If you do not agree with any of the terms and conditions stated, PLEASE DO NOT BID or you will be bound by those Terms and Conditions. Good luck and good bidding. Auctioneer/Employees without notice may withdraw, extend or rearrange any property, and or item at their sole discretion at any time and will not be liable for any computer, internet or website malfunctions. Payment must be made within 24 Hours after being contacted by Powell Auction & Realty, LLC. 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. All properties are sold “AS IS, WHERE IS and WITH ALL FAULTS” with no financing, inspection or other contingencies to sale. Auctioneer represents the seller only and does not inspect properties on Bidder’s behalf.