AUCTION CANCELED – PRE-AUCTION OFFER ACCEPTED! Home & 16+/- acres with Private Lake – 536 Corum Road – Knoxville, TN 37924

AUCTION CANCELED – PRE-AUCTION OFFER ACCEPTED!

Extraordinary 16.16+/- Acre East Knox County Estate with Private Spring-Fed Lake

This truly one-of-a-kind East Knox County property offers an extraordinary combination of quaint living with a private lake, productive farmland, exceptional infrastructure, and endless possibilities — all in a remarkably convenient location just off Strawberry Plains Pike and I-40. Spanning 16.16+/- acres with a private 1.5+/- acre spring-fed stocked lake, two mostly level pastures, a large fenced garden area, multiple outbuildings, and a modest updated home, this property is unlike anything else on the market and is limited only by your imagination.

The Main Home — Approximately 1,959 SF:

The updated home features a comfortable and functional layout with several recent improvements, including a whole-house surge protector system and hardwired smoke alarms. The home is currently arranged as:

• Large living room with vaulted ceiling, hardwood floor, and wood-burning fireplace insert
• Dining room with wet bar
• Large kitchen with all appliances conveying, including the small refrigerator in the dining room
• Bedroom with large walk-in closet (formerly a second bedroom)
• Bathroom with tile tub/shower surround
• Office

Please note that the safe in the bedroom closet conveys with the property.

The Lake:

The breathtaking private 1.5+/- acre spring-fed lake is the crown jewel of this remarkable property, featuring:

• Stocked with bass, crappie, bluegill, and catfish — offering outstanding private fishing
• Two boats conveying with the property
• Pump house providing aeration to the lake
• Wildlife abounds including deer, ducks, geese, rabbits, wild turkey, herons, and numerous other bird species

The Land:

The 16.16+/- acres offer a stunning and productive landscape, featuring:

• Two mostly level pastures with a stream from the lake running through both
• Rich soil ideal for growing vegetables
• Property mostly fenced
• Large fenced garden area with three chicken coops and two extra large rain barrels with nozzles for watering
• Three beehives and nuc boxes conveying with the property
• KUB Fiber available

Outbuildings & Infrastructure:

The property is exceptionally well-equipped with an outstanding array of outbuildings and infrastructure, including:

• Three-car garage
• Two-car garage with window air conditioning and wood-burning stove
• Greenhouse with wood-burning stove
• Garden shed for storing farm implements with sink for cleanup
• Small beekeeping house equipped with solar power for small tasks
• Barn with power — ready for farm implements, farm animals, or conversion into a workshop
• 40′ shipping container for storage with wood floor
• Additional storage sheds
• Pump house for lake aeration

Additional Property Features:

At the top of the hill sits an older home in rough condition that currently serves as storage but could potentially be rehabilitated if desired — it does have power and KUB Fiber connected, adding further flexibility to this already remarkable offering.

The Possibilities:

This extraordinary property lends itself to a virtually endless range of uses and visions, including:

• Private farming or homesteading operation
• Beekeeping
• Agritourism destination
• Potential tiny house community
• Hobby farm or equestrian property
• Private retreat with its own lake

The Opportunity:

Properties combining a private spring-fed lake, 16+ acres of productive land, this level of outbuilding infrastructure, KUB Fiber, and a convenient location just off I-40 in East Knox County are extraordinarily rare. Whether you’re a farmer, a nature enthusiast, an entrepreneur with an agritourism vision, or simply someone seeking an unparalleled private retreat with endless potential, this remarkable property is a once-in-a-lifetime opportunity not to be missed.

YOU WILL NEED TO EMAIL PROOF OF FUNDS INFORMATION WHEN YOU REGISTER. THIS CAN BE A BANK LETTER, SCREENSHOT OF ONLINE BANKING/INVESTMENT ACCOUNT/RETIREMENT ACCOUNT, LOAN PRE-APPROVAL LETTER, ETC.
PLEASE EMAIL THIS TO phillip@powellauction.com. YOUR REGISTRATION/BID WILL REMAIN PENDING UNTIL WE RECEIVE YOUR PROOF OF FUNDS INFORMATION.
PLEASE CALL KENNY OR PHILLIP AT 865-938-3403 WITH ANY QUESTIONS.

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.

Foothills 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 10th, 2026.

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!