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.

Reliance Title 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 January 12th, 2024.

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!

308 W Farrell Street � Niota, TN 37826 ONLINE ONLY REAL ESTATE AUCTION Lovely brick home located in historic Niota, TN BIDDING BEGINS TO CLOSE: Wednesday, December 13th at 12:00PM � Noon (ET) OPEN HOUSE: Monday, December 11th from 2-4PM (ET) This lovely home is located in the historic small town of Niota in Tennessee, which lays claim to the oldest standing Train Depot in the state. Niota is also home to famous Senator Harry T Burn who cast the deciding vote to give women the right to vote. Church bells still ring each day in this idyllic, incorporated city Springbrook Country Club is less 5 minutes away from the home and Mouse Creek Public Golf course is approx. 15 minutes away. Flying out of town is easy at either Knoxville or Chattanooga Airports. Located 3.2 miles (6 minutes) from Interstate I-75 This 2557+/- SF home features 4 bedrooms and 3 full bathrooms Approx. 1771 SF located on the main level with 786 SF in the upstairs The main level features 2 bedrooms, 2 full bathrooms, large eat-in kitchen, formal dining room, living room, and laundry/mudroom Upstairs features a lovely landing with custom iron railings, 2 bedrooms or use 1 as a bonus room, 2 offices/hobby rooms and a full bathroom Hardwood floors are under the carpet on the main level Peaceful covered front porch Metal roof Main level windows are double-hung Pella and upstairs are storm windows Main level has central heat & air, the upstairs utilizes window air units and space heaters 5-car garage comprised of 2 detached garages Oversized 2-story 24' x 30' 2-car detached garage � upstairs is open storage Approx. 870 SF detached garage with 3 garage doors SALE CONDUCTED IN CONJUNCTION WITH Ronnie Colyer Auction & Realty | 423-506-0990 McMinn County Parcel / Tax ID: 033L C 005.00 Yearly Property Taxes: $982.46 total yearly taxes | $468.51 � City of Niota | $513.96 � McMinn County Year Built: 1921 Lot Size: 242 x 200 IRR | 1 +/- acres