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 8th, 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 Home & Extra Lot � 5501 & 5505 Old Millertown Pike � Knoxville, TN 37924 Brick Front Basement Ranch with Separate Basement Living Quarters on 0.60+/- Acres � Approximately 2,560 SF � Additional 0.63+/- Acre Lot Selling Separately BIDDING BEGINS TO CLOSE: Monday, December 7th at 12:00PM � Noon (ET) OPEN HOUSE: Friday, December 4th at 12:00PM � Noon (ET) 5505 Old Millertown Pike � Knoxville, TN 37924 This beautifully maintained brick front basement ranch home offers an exceptional combination of main level comfort, a fully separate basement living space, and ample garage and storage options on a 0.60+/- acre lot. Spanning approximately 2,560 SF � with 1,312 SF on the main level and 1,248 SF in the basement � the home features a large attached two-car garage, a detached two-car garage, a detached storage building, and a lovely screened porch. Main Level � 1,312 SF: Hardwood floors flow throughout most of the main level, beginning with a formal living room and leading into a huge family room and dining room combination with laminate flooring. French doors from the family room open to a lovely screened porch, and an additional door leads to the covered side porch and handicap ramp. The large kitchen is exceptionally appointed with: Gas range Granite counters Farmhouse style Kohler enamel sink Walk-in pantry and laundry room The master bedroom is a true retreat, featuring: En-suite bathroom with jetted soaking tub, walk-in tile shower, tile floor, and granite top vanity Large walk-in closet with closet organizer system Additional main level features include: Guest bedroom with en-suite bathroom featuring tile tub surround and granite top vanity Large two-car attached garage Basement � 1,248 SF: The basement is accessed from the outside only, with no stairs from the main home, making it ideal for a private suite, guest quarters, in-law living, or rental potential. Features include: Kitchen with eat-in area Large open area suitable for a living room and bedroom Storage closet Walk-in closet plus an additional closet Large bathroom and laundry room with walk-in shower, linen closet, and tile floor Outdoor & Additional Features: Detached two-car garage Detached storage building Lovely screened porch Covered side porch with handicap ramp 0.60+/- acre lot The Opportunity: Brick basement ranch homes with a separate-entry lower level, multiple garages, and the option to acquire an adjoining lot are increasingly hard to find. Whether you�re seeking multi-generational living, space for guests, a workshop, or a home with income potential, this property is a wonderful opportunity not to be missed. Knox County Parcel / Tax ID: 060HA016 Yearly Property Taxes: $964.26 � Knox County only Year Built: 1970 Lot Size: 0.60+/- acre ----- 5501 Old Millertown Pike � Knoxville, TN 37924 A separate 0.63+/- acre lot is offered separately, featuring: Detached building with electricity, ideal for storage, workshop, or office use Opportunity to add privacy, expand your property, or hold for future use Knox County Parcel / Tax ID: 060HA017 Yearly Property Taxes: $71.48 � Knox County only Lot Size: 0.63+/- acre