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 bid 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 January 7th, 2027.

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!

ONLINE ONLY ESTATE AUCTION 8537 Norman Lane � Powell, TN 37849 Basement Ranch Home on 2.3+/- Acres with Detached Garage & Storage � Approximately 2,040 SF SELLING ON BEHALF OF THE JACK SCOTT ESTATE BIDDING BEGINS TO CLOSE: Tuesday, December 8th at 12:00PM � Noon (ET) OPEN HOUSE: Thursday, December 3rd at 12:00PM � Noon (ET) This well-laid-out home sits on 2.3+/- acres and offers comfortable main level living with a flexible basement full of usable space. Spanning approximately 2,040 SF, with 1,020 SF on the main level and 1,020 SF in the basement, the home features a covered front porch, a large rear deck, and an open great room floor plan that makes everyday living and entertaining easy. A detached garage with a large storage area and a detached storage building add exceptional utility to the property. This home needs some TLC and updating, but is an incredible buying opportnuity for a secluded home in Powell! Main Level � 1,020 SF: Laminate flooring runs throughout the main level, which is anchored by a great room style layout connecting the living room, kitchen, and dining area. The living room features a fireplace, and the kitchen offers a tile floor. Main level features include: Great room style kitchen, living room, and dining area Living room with fireplace Kitchen with tile floor Dining area Linen closet Master bedroom with en-suite bathroom featuring a walk-in shower and large walk-in closet Guest bedroom Guest bathroom Basement � 1,020 SF: The basement offers excellent additional space for storage, guests, or hobbies, featuring: Laundry room and half bathroom with toilet, small vanity sink, and double basin sink Storage closet Large storage room or office Large open bonus room area with exterior door, which could also serve as a possible bedroom Outdoor Features & Outbuildings: Covered front porch Large rear deck, perfect for relaxing and entertaining Detached garage with large storage area in need of TLC (contents will remain with the property) Detached storage building 2.3+/- acre lot offering room for gardening, recreation, or future expansion The Opportunity: Homes with over 2,000 SF, an open great room layout, a basement with exterior access, a detached garage, and more than two acres are a great find. Whether you�re a first-time buyer, investor, a growing family needing flexible space, or someone seeking room for hobbies, vehicles, and storage, this property offers the space, layout, and acreage to make it your own. Knox County Parcel / Tax ID: 046 112 Yearly Property Taxes: $625.87 � Knox County only Year Built: 1989 Lot Size: 2.3+/- acres 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.