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.
Premier 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 2nd, 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!

2751 Bailey Farm Drive � Knoxville, TN 37931 ONLINE ONLY REAL ESTATE AUCTION EXCEPTIONAL INVESTMENT OPPORTUNITY � RENOVATION IN PROGRESS BIDDING BEGINS TO CLOSE: Tuesday, June 17th at 12:00PM � Noon (ET) OPEN HOUSE: Thursday, June 12th from 2:00-4:00PM (ET) PRIME INVESTMENT POTENTIAL ON SPACIOUS ACREAGE Discover this outstanding opportunity to complete a promising renovation project on a generous 2.00� acre cleared lot. This 1,260� SF cottage-style home offers substantial potential for the right investor or hands-on buyer ready to bring their vision to life. SOLID FOUNDATION FOR SUCCESS The property features excellent bones and thoughtful planning: Attractive cottage-style design with brick front and vinyl siding on sides and rear Spacious cleared lot Strategic location just off the newly completed Schaad Road (Bailey Farm Drive was formerly Ball Camp Pike) Covered front porch adding curb appeal and functional outdoor space RENOVATION STATUS & LAYOUT The home is currently mid-renovation with significant work already completed: Layout appears to have been professionally reworked and reframed Plumbing appears to be roughed-in throughout Soaring vaulted ceilings throughout create an open, airy atmosphere Well-designed open great room concept combining kitchen, living room, and dining areas THOUGHTFUL FLOOR PLAN Three bedrooms offering flexible living arrangements Two full bathrooms for convenience and functionality Master suite featuring: Private en-suite bathroom Plumbed for shower installation Space designed for 48" vanity Two generously sized guest bedrooms Spacious laundry room for practical everyday living COMPLETION REQUIREMENTS Important: Interested parties should personally evaluate the property to determine completion needs. Based on current status, the home requires finishing work including, but not limited to: Electrical installation and completion Insulation throughout Drywall installation and finishing Windows (new replacement windows are onsite and ready for installation � will convey with the property) Interior doors and trim work Flooring throughout Complete kitchen installation Bathroom completion including fixtures and finishes Any desired exterior improvements INVESTMENT ADVANTAGES Large 2+ acre lot provides excellent value and future potential Structural work appears completed � major framework in place Plumbing roughed-in � significant systems work already invested Desirable cottage-style architecture appeals to broad market Convenient location with access to newly improved road infrastructure This property represents a unique opportunity for investors, contractors, or ambitious homeowners to complete a well-planned renovation project in a desirable setting. The combination of spacious acreage, solid structural foundation, and strategic location creates excellent potential for a successful completion and strong return on investment. Buyers are strongly encouraged to conduct thorough inspections and assessments to fully understand the scope of work required for completion. PLEASE NOTE: Closing for this auction must occur on or before July 2nd, 2025. Knox County Parcel / Tax ID: 104 048 Lot Size: 2.00 +/- acre Year Built: 1935