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. Sale is subject to trust committee approval. 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. Closing to occur on or before February 21, 2025.

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!

Fort Loudoun Lakefront | 133 Cedar Crest Lane � Friendsville, TN 37737 ONLINE ONLY REAL ESTATE AUCTION Single level brick ranch style on Fort Loudoun Lake BIDDING BEGINS TO CLOSE: Wednesday, January 22nd at 12:00PM � Noon (ET) OPEN HOUSE: Monday, January 20th from 2:00-4:00PM (ET) Welcome to your future lakefront escape on Fort Loudoun Lake! This rare find combines serene waterfront living, nestled on a generous 1.41-acre lot with 144�+/- of Fort Loudoun Lake frontage. The single-level brick ranch home offers easy living with approximately 1,248 square feet. The welcoming living room features a stunning stone fireplace. A spacious kitchen with adjoining dining area, ideal for both everyday meals and entertaining guests. Currently configured as a two-bedroom layout, the home includes a versatile primary bedroom (previously two separate rooms) complete with hardwood floors and dual closets. The home could easily be converted back to 3 bedrooms. The oversized bathroom, accessible from both the hallway and second bedroom, offers added convenience. A practical laundry area off the kitchen completes the living space. Car enthusiasts will appreciate the two detached garages � one featuring a double door and another with two single-car doors, providing ample space for vehicles, water toys, or a workshop. The gently sloping lot ensures easy lake access while maintaining beautiful views. Whether you�re seeking a permanent residence or a weekend retreat, this property offers the perfect blend of lakefront living and practical comfort. Don�t miss this opportunity to own your slice of Fort Loudoun Lake paradise! Blount County Parcel / Tax ID: 043N A 006.01 Yearly Property Taxes: $862.97 � total yearly taxes � Blount County only Year Built: 1975 Lot Size: 1.41+/- acres with 144.27�+/- of Fort Loudoun Lake frontage