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 July 12th, 2023.

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!

Weekend getaway or overnight vacation rental less than 1 mile from Norris Lake � 338 Lindsey Mill Circle � Rocky Top, TN 37769 ONLINE ONLY REAL ESTATE AUCTION Potential multiple income property � possible multiple AirBnB BIDDING BEGINS TO CLOSE: Wednesday, June 12th at 12:00PM-Noon (ET) OPEN HOUSE: Monday, June 10th from 2-4PM (ET) Weekend getaway or overnight vacation rental located less than 1 mile from Mountain Lake Marina on desirable Norris Lake This over 3000 SF home sitting on a 1.01+/- acre lot could easily be divided into 3 separate rental units or use as one large property Multiple rooms to use as bedrooms throughout the property and 3 features 3 full bathrooms 2 detached garages � one with an upstairs apartment Lovely covered front porch running the length of the house Home features vinyl siding and stone Tankless gas hot water heater Main level features: � LVT flooring in living room, kitchen, hallway and master bedroom � Kitchen with oak cabinets, granite counters, island, stainless steel appliances, and gas range � Open living room, kitchen and dining area � Cathedral ceiling in living room with tongue & groove ceiling � Living room with gas fireplace � Master bedroom with ensuite bathroom with dual sink furniture vanity & granite counter, LVT flooring, walk-in tile shower and large linen closet � Guest bedroom with walk-in closet � Large guest bathroom with tile surround tub/shower and furniture vanity � Laundry room � Sunroom with CustomBilt wood pellet stove and access to small deck � Hidden bookcase door in sunroom leading to walkway to large suite over detached garage � Large suite features a large open room with living room area with LVT flooring, gas fireplace, bedroom area, full bathroom with walk-in shower, and upstairs loft bedroom with with sliding doors leading to small deck � Upstairs of main house features a bonus room with walk-in closet � Basement with large 2-car garage Detached 42' x 28.5' garage with double door and single car door with shop space � Upstairs features an apartment with kitchenette & dining area, full bathroom with walk-in shower, multi-purpose room, wall unit HVAC and door leading to large deck & screened-in pavilion � Large carport area under the deck 16' x 44' RV carport 16' x 36' carport with attached 16' x 28.5' single car garage with floored attic space 30' x 28' garage with double car door with additional double car door on the side of the garage Septic system is permitted for a 2 bedroom system Campbell County Parcel / Tax ID: 135E A 078.00 Yearly Property Taxes: $1,867.57 � Campbell County only Year Built: 1997 Lot Size: 1.01 +/- acres