2672 Sulpher Springs Way – Sevierville, TN 37862

ONLINE ONLY REAL ESTATE AUCTION

Contemporary Log Home Opportunity in Sevierville

SELLING ON BEHALF OF THE UNITED STATES BANKRUPTCY COURT FOR THE EASTERN DISTRICT OF TENNESSEE NORTHERN DIVISION AT KNOXVILLE
CASE NO.: 3:24-bk-31792-SHB

Mountain Retreat | Almost Complete | Investment Potential

Discover this exceptional opportunity to own a stunning contemporary log home nestled in the peaceful woods of Sevierville. At 90-95% complete, this property offers the perfect chance to add your personal finishing touches and create your ideal mountain getaway or lucrative vacation rental.

PROPERTY HIGHLIGHTS

• Contemporary 2-story log home in serene wooded setting
• Approx. 986 total SF (540 SF on the main level and 446 SF upstairs)
• Beautiful stained wood throughout creating warm, inviting atmosphere
• Upper and lower decks for enjoying the natural surroundings
• Open concept main level for modern mountain living
• Large primary suite encompassing the entire second floor
• Minutes from Sevier County attractions and the Great Smoky Mountains

THOUGHTFUL DESIGN

The property features an inviting open floor plan on the main level, seamlessly connecting the kitchen and living areas—perfect for entertaining or relaxing after a day of mountain adventures. A full bathroom completes the main floor.

Upstairs, you’ll find a spacious open bedroom with private access to the upper deck, offering treetop views and peaceful privacy. The second level also includes a well-appointed full bathroom, generous walk-in closet, and convenient laundry area.

FINISHING OPPORTUNITY

This nearly complete home allows you to add your personal touches to create exactly the mountain retreat you envision. With approximately 90-95% of construction finished, you can customize final elements to suit your specific needs and style. (According to Sevier County Codes Office, the Buyer will need to transfer the open permit into the new owner’s name and apply for a final inspection. It is recommended that the Buyer should verify any requirements required by Sevier County to obtain a final inspection and certificate of occupancy.)

INVESTMENT POTENTIAL

Located just minutes from all that Sevier County and the Great Smoky Mountains have to offer, this property presents an excellent opportunity for use as a vacation rental in one of Tennessee’s most popular tourist destinations. The contemporary log design, multiple decks, and wooded setting create the authentic mountain experience visitors seek.

Whether as a private retreat or income-producing investment, this contemporary log home offers the perfect blend of modern comfort and mountain charm.

Sevier County Parcel / Tax ID:

103  018.00

Yearly Property Taxes:

$111.00 – Sevier County only

Lot Size:

1.05 +/- acre

Real Estate Terms:
Powell Auction will email winning bidder your contract. The successful high bidder on this property will be required to sign the Real Estate Sales Contract, Terms & Conditions and any other documents needed, 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 price. US currency cash or approved check. The balance is to be paid in full at the deed closing. By bidding you are entering into a binding agreement.

M & M Title Company will be conducting the closing. Current taxes, will be prorated at the date of closing, unless otherwise specified. Seller to provide deed. Buyer is responsible for title opinion, title insurance & recording fees. Buyer is responsible for HOA requirements, transfer fees, membership fees, if applicable. Title company closing cost to be split between buyer & seller. Buyer is to obtain his/her own financing. Closing to occur on or before May 5th, 2025.

The contract will not be contingent upon financing, inspections or any other contingencies.

Powell Auction & Realty LLC and its auctioneer(s) and employee(s) are representing the seller(s) as the sellers Agent(s).
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 & age are approximate and not guaranteed. Seller and or Agent makes no warranty as to accuracy of information. All information is deemed reliable, but not guaranteed, buyer to verify ALL information, to their satisfaction before bidding. Tennessee Residential Property Exemption and Lead-Based Paint Waiver will be part of the sales contract. Any remaining personal property will convey at closing. **Powell Auction reserves the right to withdraw, without notice, any items in the auction at any time.**

Thank you for participating in this Powell Auction & Realty LLC Online Auction.
It is important that you familiarize yourself with these terms & conditions of Sale. If you do not agree with any of the terms and conditions stated, DO NOT BID. You will be bound by these terms and conditions. Good luck and good bidding. Agent/Auctioneer may withdraw, extend, or rearrange any property and or item(s) at their sole discretion at any time, without notice and will not be liable for any computer, internet or website malfunctions. Bidding may extend, if bids are placed within the last minute, to prevent bid sniping. 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. Payment must be made within 48 Hrs after being contacted by Powell Auction & Realty LLC. All properties are sold “AS IS, WHERE IS and WITH ALL FAULTS”, without any warranties expressed or implied or guarantees of any kind. Agent 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. We do not approve any international bidding. It is up to the auctioneer to approve or disapprove bidders.

New Bidders, please Pre-Register, we will have to approve you to Bid!