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 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 confirmation. Closing to occur on or before January 6th, 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!

53+/- acres with home & ponds � 4553 Lone Mountain Road � New Tazewell, TN 37825 ONLINE ONLY REAL ESTATE AUCTION The Stone Property | Discover your dream retreat BIDDING BEGINS TO CLOSE: Thursday, December 5th at 12:00PM � Noon (ET) OPEN HOUSE: Tuesday, December 3rd from 2:00-4:00PM (ET) Embrace the beauty of nature with this exceptional property featuring 53.38+/- acres offered in 4 stunning tracts, with Straight Creek running along the front of the property This mostly wooded land with some cleared areas offers a tranquil escape for your perfect home or getaway Tract 1 � 13.274+/- acres Tract 2 � 10.834+/- acres with large pond Tract 3 � 15.323+/- acres with home and 2 large ponds Tract 4 � 13.949+/- acres Current Claiborne County Parcel/Tax ID: 125 025.01 This property offers endless possibilities for outdoor enthusiasts, families, and anyone seeking a peaceful retreat. Don�t miss the chance to own this gorgeous property with rich natural beauty! TRACT 1 13.274+/- acres Mostly wooded land Serene space for your vision TRACT 2 10.834+/- acres Mostly wooded land with large pond Ideal for relaxation TRACT 3 Park-like setting with 15.323+/- acres and 2 large ponds Charming single-level ranch style home with stone exterior Spacious 2-car attached garage and an additional 1-car detached garage Entrance foyer leading to formal living and dining rooms for entertaining Cozy family room with a stone fireplace, wood beam ceiling and sliding doors to the rear patio Large kitchen with breakfast area and large pantry Convenient laundry/mudroom with utility sink and 2 storage closets Generous primary suite featuring an adjoining sitting area with built-in desk/cabinets, 2 closets, foyer with 2 additional closets and exterior door to rear patio Primary bathroom with dual sink vanity, jetted garden tub and walk-in shower 2 guest bedrooms with ample closet space and a guest bathroom with dual sink vanity Approx. 2781 SF with 3 bedrooms and 2.5 bathrooms Expansive unfinished basement, ideal for storage space TRACT 4 13.949+/- acres Mostly wooded land