Online Only McMinn County Investment Properties

Date: 02/15/2018

Time: 12:00PM

Location: 235 County Road 115 & 1031 County Road 110 - Athens, TN 37303

Office: Knoxville

Agent: Kenny Phillips or Phillip Hopper

Online Only Absolute
Real Estate Auction

Thursday, February 15th at 12:00PM

Investment Properties located in Athens, TN

Selling to settle the Estate of Franklin Frye

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235 County Road 115
Athens, TN 37303
McMinn County
(4) 16' x 22' tiny homes located on the property
(2) are completed (include wall unit air & wall unit heat) & (2) are under roof
Homes include living room/kitchen on main level and upper level features bedroom & bathroom
Shared well & septic
(1) Electric Meter - Currently shared between the 2 completed units
Parcel/Tax ID: 063  015.00
Tax Appraisal: $34,700.00
Property Taxes: $140.14
(county only)
Lot Size: +/- 1 acre
PLEASE NOTE: One unit is currently occupied by a family member.
He would like to remain in the property and is willing to negotiate a lease with the new owner.
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1031 County Road 110
Athens, TN 37303
McMinn County
Approx. 1680 SF building formerly utilized as a rec room
Central Heat & Air
2 Restrooms
2 Front & 2 Rear Doors - Possibility of dividing into 2 units and making duplex apartment building
Parcel/Tax ID: 063  087.00
Tax Appraisal: $57,100.00
Property Taxes: $368.98
(county only)
Lot Size: +/- 0.6 acre
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. Realty Title Company will conduct closing. 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. 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  Notification will be a part of the sales contract.
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.