Online Only Real Estate Auction – Watts Bar Lakefront Log Home

Date: 05/01/2018

Time: 12:00PM

Location: ONLINE BIDDING ONLY - 124 Delaware Point | Ten Mile, TN 37880

Office: Knoxville

Agent: Kenny Phillips or Phillip Hopper

Online Only Real Estate Auction

Tuesday, May 1st  at 12:00PM ET

Divorce Settlement Auction

Thursday, April 26th from 1:00 - 4:00PM
Sunday, April 29th from 1:00 - 4:00PM

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124 Delaware Point | Ten Mile, TN 37880
Roane County
Beautiful Watts Bar Lakefront log home sitting on +/- 1 acre lot in a deep water cove
One-owner home, custom built by contractor/engineer owner
Very well built home with many added features - Over $800,000 invested in this property - their loss is your gain! 
Incredible buying opportunity for an East Tennessee Lakefront home situated on gorgeous Watts Bar Lake, a navigable body of water leading to the Gulf of Mexico
Gorgeous BK Cypress log home with large detached garage
Located just off of the main channel in a deep water cove (during peak water levels the cove ranges from 12-14' deep and maintains a depth of 8-10' during low water months) 
Cove and dock location are protected from nearly all storms - wind speed on the dock and deck is typically
half of what the actual wind
The way the home is positioned allows storms to blow over the top of the home
Home is positioned to allow for beautiful views of the water
Stunning exposed beam ceiling with massive stone wood-burning fireplace in great room and
full size Cypress tress serving as interior support beams
Over 3488 SF with 3 bedrooms and 3.5 baths, finished basement and additional finished space - septic permitted for 3 bedrooms
Main level master suite
Kitchen features gas range and dual convection ovens, walk-in pantry, large breakfast bar, and eat-in kitchen area
Finished walk-out basement with rec room, 4th bedroom, full bath, and large mechanical room
Standing seam metal roof - Full length deck and hot tub area
All foundation walls are continuous, reinforced poured concrete that were formed in place - Concrete driveway is approx. 12-14" thick, with # 5 rebar tied on 2' center
Climate controlled detached 750 SF 2-car garage with attic storage - room for all your lake toys!
Covered dock, large enough to house a 38' cruiser!
Commercial grade dock is a floating style that is fully covered and held in place by driven steel pilings
Overall footprint of the dock is the largest that the Corps of Engineers will allow -  dock structure, walkway landings, and 1st flight of stairs are constructed of galvanized steel 
Dock also includes an attached floating jet ski dock (one has an electric winch with wired remote for pulling jet ski onto the ski dock), jet ski lift used for working on jet skis, (2) safety ladders at each end of the dock, (2) locking fiberglass dock boxes for storage that are bolted onto the landing, permanently mounted fire extinguisher, manual small boat lift for a small fishing boat or jet ski (maximum weight lift of approx. 500-600 lbs), waterslide mounted to the dock with an electric water pump, and (2) fluorescent fishing lights mounted on the NE corner of the dock for night fishing
Prewired for speakers for stereo and surround sound throughout
Whole house cell phone booster amplifier 
Parcel/Tax ID: 110c b 006.00
Tax Appraisal: $465,600.00
Current Yearly Property Taxes: $2,997.30 (county only)
Lot Size: 222.18 x 211.39 IRR (+/- 1 acre)
Year Built: 2002
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. Title One 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. Tennessee Residential Property Exemption 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.