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. Closing to occur on or before May 16, 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!

2 Homes | 1623 Ellison Lane Knoxville, TN 37919 ONLINE ONLY REAL ESTATE AUCTION Investment opportunity in West Knoxville BIDDING BEGINS TO CLOSE: Wednesday, April 16th at 12:00PM Noon (ET) OPEN HOUSE: Monday, April 14th from 2PM-4PM (ET) Rare Investment Opportunity: Two Homes on 0.72+/- Acre in Premier West Knoxville Location Discover this exceptional single family owned property featuring two separate homes on a generous 0.72+/- acre lot in the highly coveted 37919 zip code. Situated in the heart of West Knoxville, this rare offering presents tremendous potential for both investors and homeowners seeking added value. Main Residence Approx. 1080 SF The primary home showcases comfortable living with three bedrooms and one bathroom, providing ample space for family life. Recent updates include newer vinyl plank flooring throughout, creating a fresh, modern aesthetic. The kitchen features classic wooden cabinetry and a large window overlooking the backyard, filling the space with natural light. A convenient serving window connects the kitchen to the living room, perfect for entertaining. Outdoor living spaces include a welcoming covered front porch and a sheltered back porch, ideal for enjoying the spacious yard. A one-car carport provides protected parking. Second Home Approx. 672 SF The additional residence offers exciting potential as a handyman special with two bedrooms and one bathroom. This second dwelling presents numerous possibilitiesrental income, multi-generational living, or renovation project. Property Highlights Both homes feature newer roofs (approximately 5 years old) Practical storm shelter for peace of mind Spacious 0.72+/- acre lot with mature landscaping Prime West Knoxville location in the sought-after 37919 zip code Conveniently located to Rocky Hill, just off of Northshore Drive and Wrights Ferry Road Excellent proximity to shopping, dining, and West Knoxville amenities This versatile property offers endless possibilities in one of Knoxville's most desirable areas. Whether you're an investor looking for immediate rental income or a homeowner seeking additional space for family or guests, this unique offering merits serious consideration. Knox County Parcel / Tax ID: 134 014 Yearly Property Taxes: $502.33 Knox County only Lot Size: 241 x 112 IRR | 0.72 +/- acre Year Built: Home 1: 1971 Home 2: 1899