NEW 2026 TERMS PLEASE READ:
AUCTIONEER or REPRESENTATIVE reserves the right to BID on behalf of owner up to private or published reserves. Hibid allows AUCTIONEER to see all MAXIMUM BIDS. All items are sold with reserves unless otherwise advertised differently.
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 August 21st, 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!

18+/- Acres � 378 Johnson Hollow Road � New Tazewell, TN 37825 ONLINE ONLY REAL ESTATE AUCTION Picturesque 18+/- Acre Property in Sharps Chapel � Gorgeous Views, No Restrictions BIDDING BEGINS TO CLOSE: Wednesday, July 22nd at 12:00PM � Noon (ET) Stunning 18+/- acre property in the picturesque Sharps Chapel community that offers a rare opportunity to create your dream estate, farm, or weekend retreat amid gorgeous meadows, fields, and breathtaking views. With mostly cleared acreage, a small man-made pond, and beautiful homesite locations throughout, this property delivers the peaceful and tranquil country living that makes Sharps Chapel such a sought-after destination. The Property: The land offers a wonderful combination of natural beauty and ready-to-build convenience, featuring: Gorgeous meadows and fields Mostly cleared acreage Small man-made pond Beautiful homesite locations Mostly fenced property Driveway already cut in Electric already on site No restrictions or HOA Septic Permits: Two septic permits for construction are currently on file for the property, allowing for flexibility in planning your future build: 3-bedroom system permit 4-bedroom system permit (Note: Systems have not yet been constructed) Location & Lake Access: Sharps Chapel is known for its stunning natural beauty and convenient access to Norris Lake and surrounding communities, including: Less than 10 minutes to Brogan�s TVA public launch 10 minutes to Lakeview Marina 15 minutes to Beach Island Marina 15 minutes to Maynardville 20�25 minutes to New Tazewell and Tazewell 35 minutes to Halls Crossroads The Opportunity: With gorgeous views, ready-to-build infrastructure, septic permits already in place, and no restrictions or HOA, this 18+/- acre Sharps Chapel property offers an exceptional canvas for your vision, whether that�s a private family estate, a working farm, or a peaceful weekend getaway close to the area�s best lake access points. Opportunities like this, combining acreage, views, and convenience, are increasingly rare to find. Union County Parcel / Tax ID: 014 042.00 Yearly Property Taxes: $189.04 � Union County only Lot Size: 18+/- acres