Watts Bar Lakefront House Auction

Date: 11/19/2016

Time: 12 NOON

Location: 303 Clearwater Drive - Spring City, TN 37381

Office: Knoxville

Agent: Kenny Phillips

REAL ESTATE AUCTION 303 Clearwater Drive Spring City, TN 37381 Saturday, November 19th at 12 NOON

OPEN HOUSE: Sunday, November 13th from 12-4PM

Approx. 2112 SF – 3 Bedrooms & 2 Bath

Lot Size: 0.75 acre – 100 x 310 IRR


Well maintained Watts Bar Lake home with finished basement – selling completely furnished!

Excellent upper and lower decks for entertaining

Covered lower deck area with new metal roof in 2014


Private oversized boat dock with power lift, deck and attached swim ladder

Located on year-round deep water – 17′ at dock during spring and summer

Boat launch is located across the lake for easy access

11Close proximity to Arrowhead Marina – less than a minute boat drive and Terrace View Marina – less than 10 minute boat drive (Best live music and weekend party marina on Watts Bar Lake)

Paved roads for year-round access


Close proximity to grocery store (12 minute drive) and Wal-Mart (20 minute drive)

Rip-rap rock in place to protect lakefront from erosion

Low maintenance interior – no carpet, laminate floors on main level, and painted concrete in basement

23New water heater installed in 2016

Fenced area for pets

Wood burning fireplace

Mature Leyland Cypress trees provide privacy on both sides of the property

This is the weekend getaway you have been waiting for!!!


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 will be a part of the sales contract. 

DIRECTIONS: From I-40, take exit 347. Take Hwy 27 South toward Spring City for approx. 16.4 miles. Turn left onto Macedonia Road and continue for approx. 2 miles. Turn left onto Rocky Springs Road for approx. 1 mile and then bear left onto Toestring Valley Road. Bear right on Euchee Chapel Road and go approx. 1.9 miles. Turn left onto Clearwater Drive to the property on the left. The driveway for the property will be the first concrete driveway on the left. Look for the auction signs!

Important Information