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.

Executive Title & Escrow 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 30, 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!

New Duplex Development � Lenoir City, TN 37771 ONLINE ONLY REAL ESTATE AUCTION 915 Highway 70 W � Lenoir City, TN 37771 13.44+/- acres of land in Lenoir City with fully approved concept plan for shovel ready subdivision development BIDDING BEGINS TO CLOSE: Wednesday, April 30th at 12:00PM � Noon (ET) Prime Development Opportunity in Lenoir City � Loudon County Investors and developers, seize an exceptional real estate opportunity in one of Lenoir City�s most strategic locations. This 13.44+/- acre Planned Unit Development (PUD), Phase II, represents a rare canvas for transformative real estate investment. Development Potential The property offers multiple lucrative development strategies: No established covenants & restrictions Loudon County taxes only Fully approved concept plan for 13 lots Approved for 26 total residential units, with all plans and construction documents conveying R-1 Zoning SWPPP already in place Strategic Location Highlights Situated just off Highway 70 in Lenoir City Immediate proximity to Highway 321 Quick access to I-75 Entry to property from Abbott Road off of Highway 70 Investment Opportunities Investors can: Complete lot development and sell individual parcels Construct condominiums for immediate resale Build out as a rental property portfolio The approved concept plan and strategic location make this a turn-key development opportunity with minimal development hurdles. Whether you�re a developer seeking to maximize return or an investor looking to diversify your real estate portfolio. This property is a blank canvas with no current restrictions � it is not a part of the current Pleasant Ridge Subdivision. Investors can draw up covenants and restrictions for the development at their liking. All development plans and approvals to be given/transferred to the Buyer at closing. Buyer is responsible for the transfer of permits to entity or individual of Buyer�s choosing. Loudon County Parcel / Tax ID: 009 150.00 Yearly Property Taxes: $690.52 � Loudon County only Lot Size: 13.44+/- acres Zoning: R-1 SALE CONDUCTED IN CONJUNCTION WITH RONNIE COLYER | COLYER AUCTION & REALTY | 423-506-0990