Group 1 – 7 Knoxville Investment Homes
ONLINE ONLY REAL ESTATE AUCTION
Group 1 of 3 Investment Portfolios to be Sold
Endless opportunities for first home buyers and investors to buy & hold as rentals or renovate and resale
BIDDING BEGINS TO CLOSE:
Tuesday, November 18th
at 12:00PM – Noon (ET)
611/613 Glenoaks Drive – Knoxville, TN 37912
OPEN HOUSE | Wednesday, November 12th from 10:00AM-11:00AM (ET)
Main Home, Detached Garage and 2nd Detached Dwelling
Main Home features approx. 1220 SF with 3 bedrooms & 1 bathroom
Oak flooring throughout most of the home
Living room open to Dining room
Room to use as 4th bedroom if desired
Covered front porch
Detached Dwelling with approx. 768 SF with 2 bedrooms & 1 bathroom
Living room
Covered front porch
Located at the rear of the property with a separate driveway accessed off the back alley
The property is currently rented month-to-month for $2,400.00 per month (611 – Main House: $1,550.00 and 613 – Small House: $850.00).
Knox County Parcel/Tax ID:
069ID014
Yearly Property Taxes:
$1,775.04 – Total Yearly Taxes | $1,031.45 – City of Knoxville and $743.59 – Knox County
Year Built:
1930 (611) & 1940 (613)
Lot Size:
62.5 x 230.9 IRR | 0.317 +/- acre
1115 Hiawassee Avenue – Knoxville, TN 37917
OPEN HOUSE | Wednesday, November 12th from 11:15AM-12:15PM (ET)
Approx. 856 SF Home with 3 Bedrooms & 1 Bathroom
Covered front porch
Living room, Eat-in kitchen and Laundry/Utility room
The property is currently rented month-to-month for $1,185.00 per month.
Knox County Parcel/Tax ID:
069ML033
Yearly Property Taxes:
$1,038.69 – Total Yearly Taxes | $603.57 – City of Knoxville and $435.12 – Knox County
Year Built:
1930
Lot Size:
58 x 150 | 0.2 +/- acre
2415 Adair Avenue – Knoxville, TN 37917
OPEN HOUSE | Wednesday, November 12th from 12:30PM-1:30PM (ET)
Approx. 800 SF Home with 2 Bedrooms & 1 Bathroom
Covered front porch
Detached garage/storage building
Living room & Dining room
The property is currently rented month-to-month for $1,150.00 per month.
Knox County Parcel/Tax ID:
070PD035
Yearly Property Taxes:
$677.01 – Total Yearly Taxes | $393.40 – City of Knoxville and $283.61 – Knox County
Year Built:
1935
Lot Size:
50 x 101.80 IRR | 0.115 +/- acre
1408 Ninth Avenue – Knoxville, TN 37917
OPEN HOUSE | Wednesday, November 12th from 1:45PM-2:45PM (ET)
Approx. 944 SF Home with 3 Bedrooms & 1 Bathroom
Covered front & rear porches
Eat-in kitchen
Living room
The property is currently rented month-to-month for $1,200.00 per month.
Knox County Parcel/Tax ID:
082HE030
Yearly Property Taxes:
$581.48 – Total Yearly Taxes | $337.89 – City of Knoxville and $243.59 – Knox County
Year Built:
1925
Lot Size:
48.9 x 143.70 | 0.158 +/- acre
2304 Chipman Street – Knoxville, TN 37917
OPEN HOUSE | Wednesday, November 12th from 3:00PM-4:00PM (ET)
Approx. 735 SF Home with 2 Bedrooms & 1 Bathroom
The property is currently rented month-to-month for $1,100.00 per month.
Knox County Parcel/Tax ID:
082HE049
Yearly Property Taxes:
$529.54 – Total Yearly Taxes | $221.83 – City of Knoxville and $307.71 – Knox County
Year Built:
1930
Lot Size:
50 x 150 | 0.172 +/- acre
7710 E Emory Road – Corryton, TN 37721
OPEN HOUSE | Friday, November 14th from 1:45PM-2:45PM (ET)
Approx. 1,148 SF Home with 2 Bedrooms & 1 Bathroom
Large fenced backyard
Living room with accent beam ceiling and Dining room
The property is currently rented month-to-month for $1,000.00 per month.
Knox County Parcel/Tax ID:
021 113
Yearly Property Taxes:
$281.27 – Total Yearly Taxes – Knox County only
Year Built:
1943
Lot Size:
75 x 141.16 IRR | 0.23 +/- acre
5608 Lon Roberts Drive – Knoxville, TN 37918
OPEN HOUSE | Friday, November 14th from 3:15PM-4:15PM (ET)
Approx. 806 SF Home with 2 Bedrooms & 1 Bathroom
Living room
Large backyard
The property is currently rented month-to-month for $1,200.00 per month.
Knox County Parcel/Tax ID:
048MJ035
Yearly Property Taxes:
$806.84 – Total Yearly Taxes | $468.84 – City of Knoxville and $338.00 – Knox County
Year Built:
1947
Lot Size:
100 x 200 | 0.459 +/- 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.
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 December 19th, 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!
