SOLD | $424,600 | 5916 Meadow Oak Lane – Knoxville, TN 37920

ONLINE ONLY REAL ESTATE AUCTION

Beautiful all-brick basement ranch style home sitting on 1.24+/- acres

Welcome to charming South Knoxville – one of Knoxville’s most coveted neighborhoods! In this basement rancher you will find all sorts of specialty features including two huge storage sheds, a massive 1.24+/- acre lot, separate basement apartment, brand new granite countertops, fenced dog area, huge covered patio area and a private side deck – perfect for a hot tub! This property is located at the end of a quiet cul-de-sac in the heart of South Knoxville and backs up to the William Hastie Natural Area – a huge nature park with trails for mountain biking and walking/hiking. Potential rental income in downstairs basement, as well as possibilities for finishing out one of the two storage sheds into a tiny home. Ideal home for multi-generational living!

•  All-brick basement ranch style home
• Approx. 1456 SF on the main level (per the tax records) with approx. 750 SF of finished space in the basement
• 3 bedrooms & 2 bathrooms on the main level with an additional 1 bedroom & 1 bathroom living space in the basement
• Situated on a lovely 1.24+/- acre lot
• 2 large detached storage buildings – one is a 2-story building
• Covered front and rear porches
• 2-car attached garage
• Main level features:
  • Wood look flooring throughout
  • Living room with fireplace with wood-burning insert
  • Oversized dining room or use a portion as a formal living room
  • Kitchen with lovely cabinets and granite counters
  • 3 bedrooms & 2 bathrooms
• Finished basement is ideal for generational living or potential rental income
• Basement features:
  • Kitchen with eat-in area
  • Living room
  • Bedroom
  • Bathroom with walk-in shower
  • Large walk-in closet
• Conveniently located just off of Chapman Highway and 15 minutes from downtown Knoxville and the University of Tennessee

SALE CONDUCTED IN CONJUNCTION WITH
WEICHERT REALTORS ADVANTAGE PLUS | NATALIE SAUNDERS

Knox County Parcel / Tax ID:

123EC021 (was previously 3 parcels that have recently been combined as one parcel – former Parcel IDs included 123EC022 and 123EC020)

Yearly Property Taxes:

$1,778.76 – Total Yearly Taxes | $1,033.61 – City of Knoxville & $745.15 – Knox County (determined from the 3 individual parcels prior to being combined)

Year Built:

1977

Lot Size:

1.24+/- 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.

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 on or before April 22nd, 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!