Online Only Lakefront Real Estate Auction

Date: 05/01/2018

Time: 12:00PM

Location: Online Bidding Only

Office: Knoxville

Agent: Kenny Phillips

Lake Logo

Tuesday, May 1st at 12:00PM

Online Only Lakefront
Real Estate Auction

2 Lakefront building lots located on
Watts Bar Lake and Norris Lake

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Emerald Cove Way | Maynardville, TN 37807
Union County
Lakefront dock-able building lot located in Hickory Pointe Subdivision
Hickory Pointe Subdivision, Lot # 19L
Located just 10 minutes from 33 Bridge on Norris Lake
Lot has 2 separate parts - Upper portion of the lot features section that is lake view that has been leveled and graded with a driveway cut in. Lower section of land located across the road has a driveway and a great lakefront lot
ready to build.
Beautiful lake and mountain views
100' of lake frontage
Gated community with private clubhouse and swimming pool
Dock permit on file for a 2-boat covered dock
Steps from the 1020 to the lake have been installed
Over $25,000 spent in lot preparation for house seat
Leveled 75' x 65' area with driveway, all compacted and ready for a house
Septic approved for a 3 bedroom home
Last lot in quite cove with year-round water
Located about 3 miles from Hwy 33, off of Hickory Valley Road and 22 miles from Knoxville 
Parcel/Tax ID: 035  166.00
Tax Appraisal: $75,000.00
Property Taxes: $401.23
(county only)
Lot Size: 0.98 acres

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Lookout Drive | Spring City, TN 37831
Rhea County
Lakewood Village Subdivision, Unit 4 - Lot # 467
Lakefront Watts Bar Lake building lot
Parcel/Tax ID: 038B A 039.00
Tax Appraisal: $65,000.00
Property Taxes: $356.95
(county taxes only)
Lot Size: 130 x 373.5 IRR
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 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. M&M Title Company to conduct the closing. 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.
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. If bids are placed within the last minute, bidding will automatically extend to prevent bid sniping.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. All information is deemed reliable, but not guaranteed, buyer to verify ALL information, to their satisfaction before bidding.