This image portrays 501 Thomas Loop Road - Sevierville, TN 37876 by Powell Auction & Realty.

Organizer

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

Other Organizers

Kenny Phillips | Lic #2385
Phillip Hopper | Lic #6709
ONLINE BIDDING

Location

Online only

More Info

ONLINE BIDDING

Date

May 31 2024

Time

BIDDING BEGINS TO CLOSE AT 12:00PM - Noon (ET)
12:00 pm

501 Thomas Loop Road – Sevierville, TN 37876

ONLINE ONLY REAL ESTATE AUCTION

Single level ranch home in Sevierville

BIDDING BEGINS TO CLOSE:
Friday, May 31st
at 12:00PM – Noon (ET)

OPEN HOUSE:
Wednesday, May 29th
from 2-4PM (ET)

  • Single level approx. 1200 SF ranch style home in Sevierville
  • 3 bedrooms and 2 bathrooms
  • Move-in ready home or use as an overnight rental
  • Freshly painted exterior on this log clad home
  • Lovely covered front porch overlooking the picturesque front yard
  • Handicap ramp leading from the driveway to the porch
  • New LVP flooring throughout
  • Freshly painted interior
  • Stone wood-burning fireplace in the living room
  • Large eat-in kitchen with butcher block counters, glass top range, stainless steel vent hood, new oven, and new GE dishwasher
  • Master bedroom with door leading to side porch
  • Large en-suite bathroom with jetted tub/shower, new vanity and walk-in closet
  • 2 guest bedrooms
  • Guest bathroom with tub/shower and new vanity
  • Owner has talked with an overnight rental management company who believes they could grow the income to $80,000-100,000 (gross)
Sevier County Parcel / Tax ID:

042    011.47

Yearly Property Taxes:

$563.51 – Total Yearly Taxes | Sevier County only

Year Built:

1991

Lot Size:

0.98+/- acre

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.

Crossland 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 July 1st, 2024.

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!