2 Fixer Upper Homes | 1601 & 1607 Depot Street – New Market, TN 37820

ONLINE ONLY REAL ESTATE AUCTION

2 fixer upper homes in New Market selling separately

1601 DEPOT STREET

Step into a unique piece of New Market history with this charming 720 square foot home, locally known as the “ice house” and “casket store.”

Built in 1920, this intriguing property sits on a convenient corner lot and holds fascinating stories from the community’s past.

The efficient single-level layout includes a living room, kitchen, full bathroom, and bedroom—offering all the essentials for comfortable living. While cozy in size, this home presents endless possibilities for the right buyer. Whether you’re looking for an investment opportunity as a rental property, searching for your first home, or seeking a unique renovation project, this historic property delivers on potential.

This distinctive piece of New Market heritage awaits your vision to restore it to its original character while adapting it for modern living.

Don’t miss this opportunity to own a slice of local history and be part of its next chapter.

Jefferson County Parcel/Tax ID: 033C A 012.00

Yearly Property Taxes: $203.00 ($42.00 – City of New Market and $161.00 – Jefferson County)

Year Built: 1920

Lot Size: 45 x 125.5 IRR

1607 DEPOT STREET

Step into a piece of Jefferson County history with this magnificent 1850s brick residence, originally built as a hotel in the heart of New Market.

This stately 2-story home offers over 4,700 square feet of living space and stands ready for its next chapter of restoration. Modern updates include newer windows throughout, seamlessly blending historical charm with contemporary comfort. The gorgeous home features 11 fireplaces and many large rooms for bedrooms or use as desired.

The grand main level showcases the property’s historic hotel origins, featuring an impressive entrance foyer with two staircases leading upstairs. Rich with period details, you’ll discover five elegant fireplaces on this floor alone, each adding character to the formal spaces. Two generous parlor rooms flank the home, both with exterior doors to the front and one offering access to an intimate covered porch and the other to the large covered side porch. A distinguished office complete with built-in bookcases and access to a sweeping covered side porch, adjoining a comfortable den with access to the covered side porch and rear parlor room.

The spacious kitchen retains charming historical elements, including a unique pass-through window and built-in china cabinet, alongside its own fireplace. The formal dining room epitomizes historic elegance with its own fireplace and door leading to a quaint covered porch—perfect for morning coffee or evening relaxation.  The main level is completed by a full bathroom and a generous laundry/utility room.

Ascending to the second floor, you’ll find a layout that reflects the home’s grand heritage. A charming balcony porch graces the front of the home, offering a perfect vantage point for enjoying morning air or evening sunsets. The upper level features an impressive oversized room with its own fireplace, connecting to a large bedroom that also boasts a fireplace. A cozy office space includes yet another fireplace, speaking to the home’s historic heating system. The floor is completed by an additional large bedroom featuring its own fireplace, a generous walk-in closet, and supplementary closet. The full bathroom on this level showcases period-appropriate fixtures, including an elegant Tennessee marble sink and a classic claw foot cast iron tub.

A detached garage/storage building offers additional versatility to this unique property. This remarkable piece of New Market heritage presents an exceptional opportunity for the discerning buyer to restore a significant piece of Jefferson County history to its original splendor.

Don’t miss the chance to own this architectural treasure that tells the story of New Market’s past while offering the potential for an extraordinary future home.

Approx. 4772 Total SF | 2578 SF – main level and 2198 SF – upstairs

Jefferson County Parcel/Tax ID: 033C A 011.00

Yearly Property Taxes: $1,554.40 ($321.60 – City of New Market and $1,232.80 – Jefferson County)

Year Built: 1850

Lot Size: 125 x 125

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. Sale is subject to seller approval. Closing to occur on or before March 24th, 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!