SOLD – Absolute Auction – 2 Rental Homes Across From Tennova’s Physicians Regional

AUCTION LOCATION815 & 819 E. Woodland Ave., Knoxville, TN

AUCTION DATEJuly 17, 2014

AUCTION TIME 12:00 pm

TIME ZONEEastern

INSPECTION DATE

INSPECTION TIMEBy Appointment

CONTACTChad Ragle

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Auction Information

THIS AUCTION HAS ENDED.

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To Be Sold To The Highest Bidder Without Minimum or Reservation

Property will be sold from 816 Oldham Ave., Knoxville, TN

815 E. Woodland Avenue – Rental Home
  • Approx. 808 sq. ft.
  • 2 Bedrooms / 1 Bathroom
  • KCDC Rental Property
  • KCDC Tenant Occupied Since 2008
  • Monthly Income of $475 Through KCDC
  • Renter pays utilities and keeps grounds up
  • Refrigerator & Electric Stove are included in the home
  • Central Heat & Air installed by All Weather in July 1997
  • Roof is Asphalt Shingle & Approximately 15 years old
  • Wood Floors with Vinyl in Kitchen and Bathroom
**KCDC Information: According to Michael Hodges, New Accounts Manager, in order to acquire the current KCDC tenant a new owner will need to supply KCDC with the necessary paperwork along with a copy of closing documents to prove they are the new owner. The KCDC documents can be found under the "Auction Documents" section at the right side of this page.** 819 E. Woodland Avenue – Rental Home
  • Approx. 912 sq. ft.
  • 2 Bedrooms / 1 Bathroom
  • Corner Lot
  • Current Tenant has occupied home since September 1991
  • Month-to-Month Lease of $475 per month
  • Renter pays utilities and keeps grounds up
  • Renter owns appliances to include the refrigerator, stove and window A/C unit
  • Floor Heat & Window Air Unit
  • Asphalt Shingle Roof was installed in 2012
  • Small Storage Shed in rear of property
  • Fenced Back Yard
  • Wood Floors with Vinyl in the Kitchen, Dining Room and Bathroom
  • New Kitchen Cabinets & Sink installed in 2013

815 E. Woodland Avenue – Rental Home Estimated Annual Knox County Taxes: $286.74 Estimated City of Knoxville Taxes: $298.89 Total Annual Real Estate Taxes: $585.63 819 E. Woodland Avenue – Rental Home Estimated Annual Knox County Taxes: $320.37 Estimated City of Knoxville Taxes: $333.95 Total Annual Real Estate Taxes: $654.32 Taxes to be pro-rated at closing

Electricity / Water / Sewer / Natural Gas – Provided by KUB

KUB Natural Gas Map

KUB Waste Water Map

KUB Water Map

Christenberry Elementary School Whittle Springs Middle School Fulton High School

Terms: 10% Buyer's Premium - Successful bidders will deposit 10% of the purchase price (including Buyer's Premium) on sale day in the form of cash, certified check or wire, personal or company check, plus a real estate contract must be signed. Balance is due in certified funds at closing. CLOSING MUST TAKE PLACE WITHIN 20 DAYS. LAST POSSIBLE CLOSING DATE IS BY END OF DAY ON WEDNESDAY, AUGUST 6TH, 2014. NO EXTENSIONS AVAILABLE. Sale day announcements control terms of auction. Acreage and square footage believed to be accurate, but not guaranteed. THIS PROPERTY SOLD IN IT'S "AS IS, WHERE IS WITH ALL FAULTS" CONDITION WITH NO WARRANTIES EITHER IMPLIED OR EXPRESS EXCEPT WARRANTY OF TITLE. **All square footage and acreage amounts are believed to be accurate but not guaranteed. All information was obtained from appraisals and local courthouse records.** Homes built before 1978 may contain lead-based paint.

 

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