Online Only Auction
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Date(s)
3/24/2024 - 4/16/2024
AUCTIONEER INFORMATION
Bidding Notice:

We recommend you place your max bid if you cannot attend the auction or watch the auction online.


Information
Lot # 1
Group - Category Real Estate - Residential
Lead 3,686 sq ft Home on 3.83 ac w/ Pond in Powell, TN
Description
Knox county records indicate: Built in 1990 3,686 sq ft Total of 3.83 acres between both parcels City water and sewer Total 2023 taxes $1685
Name Overman Real Estate Auction of Powell, TN
Auctioneer
Type Online-Only Auction
Date(s) 3/24/2024 - 4/16/2024
Auction Date/Time Info
This online only auction will begin to close on Tuesday, April 16th at 7pm
Preview Date/Time Open house will be on Sunday, April 14th at 2pm.
Checkout Date/Time The 10% buyer's premium is due within 24 hours of auction close. Buyer to have 30 days to close.
Location
Buyer Premium 10% Buyers Premium added to the bid
Description
Welcome to your spacious retreat nestled on just under 4 acres of picturesque land. This classic mostly brick ranch boasts over 3600 square feet of living space, offering a blend of timeless charm and abundant potential. This home also boasts an oversized three-car garage with a workbench providing so many possibilities. There are two parcels being sold as one. The parcel with the pond which is 1.38 acres is being sold in conjunction with the 2.45 acre parcel with the home. As you step inside, you're greeted by a sense of openness and possibility. The expansive layout features four generously sized bedrooms, providing ample space for relaxation and rejuvenation. With three and a half baths, convenience is key, ensuring comfort for you and your guests. Throughout the home, you will find an abundance of storage areas and walk in closets making organizing a breeze. The heart of the home lies in its inviting living areas, where large windows flood the space with natural light, creating an inviting ambiance for gatherings or quiet moments alike. The cozy fireplace serves as a focal point, adding warmth and character to the living room. The kitchen, though awaiting your personal touch, is primed for culinary adventures, offering plenty of room for meal preparation and storage. Adjacent is a formal dining area, perfect for hosting memorable meals with loved ones. Outside, the vast grounds beckon exploration and enjoyment. From tranquil strolls by the pond on property to lively gatherings, there's ample space for outdoor activities and potential for landscaping projects to create your own oasis. Spend your summers hanging out with family and friends in and around the inground pool. You will love the convenience of having two storage buildings on the property as well. This property presents an extraordinary opportunity to customize and transform into your dream home. With its coveted location and expansive footprint, the possibilities are endless. Embrace the potential and make this sprawling ranch your own slice of paradise.
Auction Terms & Conditions REAL ESTATE TERMS: Welcome to our Auction, we hope you enjoy your experience. Please take a moment and read our terms and conditions. If you have questions regarding these terms, please call our office. If you have a Realtor we are paying a Co-Op if you bring a buyer for this property. This home will be sold subject to the owner's confirmation. By registering in our auction today you agree to our terms & conditions and will be bound by those Terms and Conditions. The successful high bidder on this property will be required to sign a 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 10% down . A ten percent (10%) buyer's premium will be added to the high bid to establish the total sales contract price. Payment may be made by personal check; cashier's check or cash. The balance is to be paid in full at closing within 30 days. Current taxes will be prorated at the date of closing. Seller will provide the deed. Buyer is responsible for title opinion, title insurance and recording fees. Customary closing costs will be paid by the buyer. Buyer is to obtain their own financing. The contract will not be contingent upon financing, inspections or any other contingencies. JD's Realty & Auction and its auctioneers and agents are representing the sellers as the sellers' agents. JD's Realty & Auction gives notice that the auctioneer or agent can bid on behalf of the seller upto the reserve price. 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 disclosure will be a part of the sales contract. Bidder understands and agrees that this agreement and all rights of the parties there-under, shall be governed by the laws of the County of Anderson, State of Tennessee and any action brought by either party shall be brought in the Courts of the State of Tennessee. In the event, that for any reason, the forum is deemed to be sufficiently inconvenient or the agreement on the forum selection is unenforceable it is still the intention of the parties that the Laws of the State of Tennessee govern the parties agreement and their rights attended thereto. Buyer agrees that any legal filed action will take place within the county of Anderson, City of Clinton, State of Tennessee. If you are bidding online please note, the auctioneer may without notice, 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. In an online only auction bids that are placed within the last minute, will cause bidding to automatically extend to prevent bid sniping. Payment must be made within 24 Hours after you are the winning bidder. JD's Realty & Auction will have up to 7 DAYS to provide the Buyer with any documents to be signed after the auction has ended. Lead Based paint- This home was built before 1978. A Lead Based paint disclosure is not required to be provided to the winning bidder. Contact JD's Realty & Auction for appointment.
Your bid must adhere to the bid increment schedule.
Bid Amount Bid Increment
0.00 - 95.00 5.00 USD
95.01 - 975.00 25.00 USD
975.01 - 9,750.00 250.00 USD
9,750.01 - 97,500.00 250.00 USD
97,500.01 - 9,999,999.99 250.00 USD
Currency USD
Buyer Premium 10% Buyers Premium added to the bid
Payment Terms
Buyer to pay 10% down within 24 hours of auction close. Buyer shall have 30 days to close.
N/A
Notice: Financing terms available may vary depending on applicant and/or guarantor credit profile(s) and additional approval conditions. Assets aged 10-15 years or more may require increased finance charges. Financing approval may require pledge of collateral as security. Applicant credit profile including FICO is used for credit review. Commercial financing provided or arranged by Express Tech-Financing, LLC pursuant to California Finance Lender License #60DBO54873. Consumer financing arranged by Express Tech-Financing, LLC pursuant to California Finance Lender License #60DBO54873 and state licenses listed at the this link. Consumer financing not available for consumers residing in Alaska, Louisiana, Nevada, Ohio, Vermont, Hawaii, or Wisconsin. Additional state restrictions may apply. Equal opportunity lender.