111 County Road 147 – Riceville, TN 37370 | Real Estate & Personal Property

ONLINE ONLY AUCTION

Charming 3BR/2BA Brick Ranch with Pool on 1.40+/- Acres

Classic 1,736+/- SF all-brick ranch-style home with full partially finished basement, nestled on a spacious 1.40+/- acre mostly level lot in Riceville, TN—originally three lots combined. Located less than one block from Highway 11, this well-maintained 3-bedroom, 2-bathroom home offers generous living space, updated features, and outdoor amenities ideal for year-round enjoyment.

Comfortable Living
Designed for everyday comfort and functionality with hardwood flooring and open common areas

• Three spacious bedrooms and two full bathrooms, including a beautifully updated main-level bath
• Living room and formal dining area with rich hardwood floors
• Large den with cozy gas log fireplace, open to the kitchen for seamless flow
• Eat-in kitchen with breakfast bar seating and appliances remaining—including refrigerator, dishwasher, double oven (only the top oven functions), built-in cook top, over the range microwave, washer, gas dryer, and chest freezer in the basement
• Updated bathroom featuring custom tile walk-in shower and double sink vanity
• Master bedroom with en-suite bathroom
• Two-car attached garage conveniently located on the main level
• Screened-in back porch offering peaceful views of the in-ground swimming pool

Outdoor Living & Entertaining
Expansive lot with established features for recreation, privacy, and entertaining

• 1.40+/- acre mostly level lot, originally composed of three lots
• 5’ chain link fencing encloses the backyard for pets, play, and peace of mind
• In-ground swimming pool surrounded by 7’ vinyl privacy fencing—perfect for summer gatherings
• Concrete driveway with easy access to the main road

Full Basement for Flexible Use
Partially finished lower level with generous space and potential

• Large open areas suitable for recreation room, workshop, or storage
• Walk-out access via man door and garage door—ideal for lawn equipment or hobby use

Recent Updates & Mechanical Features

• Durable metal roof installed in 2019/2020
• New water heater installed in 2025
• HVAC system with 1 year remaining on warranty
• Whole house water softener
• Private well tested in 2025, providing peace of mind and utility independence

Convenient Riceville Location
Less than one block from Highway 11, offering quick access to local amenities, schools, and commuter routes

This home combines traditional charm and outdoor features in a desirable East Tennessee location—perfect for families, hobbyists, or anyone seeking space and privacy without sacrificing convenience.

SALE CONDUCTED IN CONJUNCTION WITH
Ronnie Colyer Auction & Realty | 423-506-0990

McMinn County Parcel / Tax ID:

074H C 009.00

Yearly Property Taxes:

$915.08 – McMinn County only

Lot Size:

1.40+/- acres

Year Built:

1978

PERSONAL PROPERTY TO BE SOLD ONLINE ONLY IMMEDIATELY FOLLOWING THE REAL ESTATE:
Flat Screen TV’s, Yard Tools, Mower, Weed Eater, Pressure Washer, Air Compressor, Battery Charger, Basketball Game, Workout Equipment, Chest of Drawers, Recliner, Prints, Glassware, Baskets, Ironstone Dinnerware, Patio Set, Pool Side Lounge Chairs, Blackstone Flat Top Griddle/Grill and Lots More!!

Pickup of personal property is on Friday, November 14 from 10am – 4pm on site in Riceville, TN

10% Buyers Premium on Real Estate – 15% Buyers Premium on Personal Property (plus 3% bank fee for credit/debit cards) – **The real estate will show up as 15% buyers premium on all bidding. The amount will be adjusted to 10% post auction. You can only have one buyers premium to a sale so since the real estate is one item, it is easier to adjust this down to 10% post auction than to raise the rest to 15% post auction. This will be a credit card only auction for the personal property ONLY!! The Real Estate will be 10% down after the auction with balance due in 30 days at closing. The Down Payment/Ernest Money may be paid by cash, cashiers check or wire transfer after the auction. We will not charge any real estate to a credit card. You must provide proof of funds to be approved to bid on real estate. There is NO Shipping on this auction. Local pickup only in Riceville, TN.**

Directions from Knoxville:
Take I-40 West to I-75 South. Take Exit 49 Athens. Turn Left onto Highway 30 (Decatur Pike).  Turn Right on Highway 11 (Lee Highway). Go approximately 4 miles, Turn Right on County Road 147.  The Home will be the First Brick House on your Left at 111 County Road 147 Riceville, TN.

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. Sale is subject to Seller confirmation. By bidding you are entering into a binding agreement.

Reliance 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 December 15th, 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!