Date: 08/05/2017

Time: 10:00AM

Location: 5814 Old Central Avenue Pike - Knoxville, TN 37912

ABSOLUTE REAL ESTATE AUCTION

5814 Old Central Avenue Pike
Knoxville, TN 37912

Saturday, August 5th at 10:00AM

Live Onsite Bidding

Knox County

Ranch style home sitting on 2 acres

Approx. 1274SF with full unfinished basement

2 Bedroom & 1.5 Bath

Corner lot at Central Avenue Pike and Old Central Avenue Pike

Lot Size: +/- 2 acres (402.3 x 389.8 IRR)

Year Built: 1963

2016 Tax Appraisal: $120,800.00

2016 Total Property Taxes (city & county): $1,524.16

One-year sector plan for property is LDR (Low Density Residential)

Detached garage/storage building

Screened-in porch

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. Possession of property to occur 2 weeks after closing. 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 and Lead-Based Paint Disclosure waiver will be a part of the sales contract. Lead-based paint inspection begins July 24th, 2017.

TNFL735