Organizer

Powell Auction & Realty, LLC
Phone
865-938-3403

Location

208 Bug Hole Road Cumberland Gap, TN 37724
208 Bug Hole Road Cumberland Gap, TN 37724

Date

May 12 2022
Expired!

Time

Bidding ends at 12pm
12:00 pm

208 Bug Hole Road | Cumberland Gap, TN 37724

208 Bug Hole Road | Cumberland Gap, TN 37724

Home, Barn & +/- 1.7 acres in the Powell Valley community
  • 3 Bedrooms | 3 Bathrooms
  • 2,733 Square Feet
  • Year Built: 2000
Online Real Estate Auction

BIDDING BEGINS TO CLOSE
Thursday, May 12th at 12:00PM (Noon)

OPEN HOUSE:
Tuesday, May 10th from 1-4PM

  • Gorgeous home with incredible views
  • Large wraparound porch for taking in all of the views
  • Oversized +/- 1.7 acre lot (comprised of 3 parcels)
  • Main level open floor plan with living room, dining room and cathedral ceiling
  • Large kitchen with breakfast bar, quartz counter, stainless steel appliances, and tile backsplash
  • Oversized bedroom with double closets
  • Guest bathroom with double bowl vanity
  • Goregous hardwood floors on main level and loft
  • Upstairs loft bedroom with walk-in closet and full bathroom with walk-in shower
  • Basement with bedroom with double closets, full bathroom, laundry room, rec room with wet bar, and laminate flooring
  • French doors opening from basement to crab orchard stone patio
  • 25′ x 28′ 8″ barn with concrete floor and attached equipment shed
Knox County Parcel/Tax ID:
041 006.01
041 006.02
041 006.04

Yearly Property Taxes:
$1,032.37

Lot Size:
+/- 1.7 acres

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. Sale is exempt from TN Residential Property Condition Disclosure.

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 by June 13th, 2022.

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 will be part of the sales contract. **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! 

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