Tuesday, December 1, 2026 at 3:00 pm — ONLINE ONLY-Bidding Starts Nov 23 10:00 AM ET
Charming 3BR/2BA Ranch Home in Emerald Court Subdivision
131 Emerald Court Place | Lenoir City, Loudon County, TN 37771
3 Bedrooms | 2 Bathrooms | 1,200± Sq. Ft. | Fenced Yard | One-Car Garage | No HOA
Auction to be conducted ALL ONLINE
Bidding opens Monday, November 23rd at 10:00 AM ET
Bidding Period Ends Tuesday, December 1st at 3:00 PM ET
Tucked away on a quiet cul-de-sac in the desirable Emerald Court Subdivision of Lenoir City, Tennessee, this charming ranch-style home offers the perfect combination of comfortable living, thoughtful updates, and convenient access to the greater Knoxville area. Built in 1997, this 3-bedroom, 2-bathroom residence features approximately 1,200 square feet of single-level living space, an inviting open floor plan, and a split-bedroom layout that provides privacy and functionality.
The home’s welcoming interior features a spacious living area, an updated kitchen with modern appliances, and a practical layout designed for everyday comfort. Central cooling and electric heat provide year-round climate control, while several recent improvements add to the property’s appeal.
Step outside to enjoy the fully fenced 0.16± acre lot, complete with a beautifully appointed covered patio ideal for outdoor dining, entertaining, or simply relaxing in your private backyard. The property also includes a one-car garage equipped with a 240V electric vehicle charger, offering an increasingly desirable modern convenience.
According to the seller, several significant improvements have been completed within approximately the past five to seven years, including a roof replacement with a reported 30-year warranty, water heater, air-conditioning coil, washing machine, and stove. Additional maintenance includes servicing the exterior air-conditioning unit in May 2026 and replacing fence boards in June 2026.
Another attractive feature is that this property has no homeowners association (HOA). The home is also served by public water and sewer, adding to its convenience and practicality.
Ideally situated approximately 18 minutes from Farragut and 30 minutes from Knoxville, this property offers easy access to shopping, dining, employment centers, and area attractions. Outdoor enthusiasts will appreciate the proximity to Fort Loudoun Lake and Tellico Lake, both popular destinations for boating, fishing, and recreation.
As an added benefit, the seller reports that the home will convey with numerous appliances, furnishings, and household items, including a washer and dryer, 65-inch flat-screen television, select furniture, wall décor, garage shelving, and more, subject to the final inventory specified in the auction contract.
Whether you’re searching for a primary residence, retirement home, weekend retreat, or investment property, this Emerald Court offering combines a desirable location, functional single-level living, recent improvements, and valuable amenities into one attractive opportunity.
- 3 Bedrooms / 2 Full Bathrooms
- 1,200± Square Feet of single-level living space
- Built in 1997
- 0.16± Acre Fenced Lot with covered patio
- Quiet Cul-de-Sac Location in Emerald Court Subdivision
- Open Floor Plan with split-bedroom layout
- Updated Kitchen with appliances
- One-Car Garage with 240V electric vehicle charger
- Central Cooling and Electric Heat
- Recent Improvements including roof, water heater, HVAC components, and appliances
- No HOA
- Public Water and Sewer
- Select Furnishings and Appliances Included, subject to auction contract
- Approximately 18 Minutes to Farragut / 30 Minutes to Knoxville
- Convenient to Fort Loudoun Lake and Tellico Lake
Tax Parcel: 020J K 023.00
2025 Property Taxes: $771.90 (per CRS report)
Improvements, warranties, included furnishings, and maintenance history are seller-reported. Certain furniture shown in previous listing photographs has been removed and will not convey. Buyers should verify property information and consult the auction contract for the final inventory of items included in the sale.
PROJECT MANAGERS: Missy Houston – 865.549.9411 – missy@dempseyauction.com
OPEN HOUSE: Dempsey Representatives are always available for private showings; please contact our office.
SALE SITE: Property to be SOLD Online Only.
BIDDING: This auction will be conducted in an Online-Only format, BEGINNING ON November 23rd and ENDING ON Tuesday, December 1st at 3:00 PM ET, allowing bidders to participate from anywhere with internet access. Contact our Office for exact details.
TERMS AND CONDITIONS: 10% Buyer’s Premium. 10% down on Sale Day, with the Balance Due on or before 30 Days from Sale Day. Please contact our office for details.
- The Property sells AS-IS, WHERE-IS, with no contingencies. Buyer to satisfy itself on survey, acreage, access, square footage, permitted use, and condition.
- The sale is not subject to financing, appraisal, inspection, or due diligence periods.
- All independent inspections and investigations must be completed prior to bidding.
- Owner Confirmation Auction: Real Estate sells subject to seller confirmation.
CLOSING: ALL SALES TO CLOSE ON OR BEFORE DECEMBER 30, 2026.—NO EXCEPTIONS.
BROKER PARTICIPATION: Licensed brokers and agents are welcome. Dempsey Auction Co. will pay a referral commission to any broker representing a client who successfully closes on the property. Please contact our office for registration guidelines and full details.
For plats, brochures, or further sales information on this auction, call us by name at 1.800.DEMPSEY (800.336.7739).
TERMS AND CONDITIONS
These “Terms and Conditions” supersede all other printed and oral statements and will be attached to and become a part of the Real Estate Sales Contract as Exhibit “A”, which will prevail over this document and any other agreement between the Buyer and Seller.
CONDITIONS OF SALE: Dempsey Auction Company (Auctioneer/Broker) has entered into a contract with (Seller), TO OFFER AT AUCTION, real estate (To be updated…)
All property, real and personal, is selling “AS IS, WHERE IS” and being conveyed by Seller as provided for below. It is offered for sale and sold “AS IS and WITH ALL FAULTS, IF ANY” without representation or warranty of any kind as to their condition; and any repairs, alterations, damage, cleanup, removal of debris, waste, personal property, etc., are the sole responsibility of the buyer. No warranties, either statutory or otherwise, expressed or implied, including those as to the fitness for a particular use or purpose, habitability, merchantability, or environmental condition including, but not limited to, any hazardous substances, hazardous waste, petroleum or petroleum by-products (collectively Hazardous Materials), concerning the property are given by the Auctioneer or Seller. Neither the Seller nor the Auction Company makes any representation concerning the property whatsoever. All bidders acknowledge and agree by their participation in the Auction that he/she has inspected the Property and is not relying on any warranty or representation of the Seller, Auctioneer, or any agent thereof. Buyer acknowledges and agrees that at closing there may be the existence of equipment, personal property , and/or scrap materials located upon or within the property and agrees to accept the same in AS IS condition.
We require all bidders to register and obtain a bid number in order to participate in the bidding process. All decisions of the Auctioneer will be final, including the increments of bidding, disputes among bidders, or any other issues that might arise before, during, or after the auction.
The Seller has the right, at their sole discretion, to add or withdraw all or any portion of the property before the auction’s opening announcement. This property is selling Subject to Owner Confirmation, and we reserve the right to hold ALL offers open until the following Monday.
CONVEYANCE: All property will be conveyed by a Limited Warranty Deed with title insurance available at the Purchaser’s expense.
RESERVATIONS & RESTRICTIONS: The real estate will be sold subject to any and all restrictions, public utilities, encroachments, zoning ordinances, easements, Property’s respective County regulations, protective covenants, any existing rights of way, and all other matters now of record or shown on the attached plat if applicable (To be updated…).
ONLINE PURCHASERS’ PAYMENT: At the close of the auction, successful bidders will be emailed the contract package to execute and return to Dempsey Auction Co. Successful bidders will deposit 10% of the Contract Sales Price as earnest money in the form of cashier’s check or bank wire transfer with Dempsey Auction Co within 24 hours of receipt of the contract package. The entirety of the remaining balance is due at closing as stipulated in the “Terms and Conditions”. Purchaser shall be responsible for all wire transfer fees. Successful high bidders not executing and returning their contract with earnest money deposit within 24 hours of receipt will be considered in default and subject to an Administrative Fee (as defined below). All Administrative Fees are non-refundable.
TECHNICAL SOFTWARE ISSUES: NEITHER THE COMPANY PROVIDING THE SOFTWARE NOR THE AUCTION COMPANY SHALL BE HELD RESPONSIBLE FOR A MISSED BID OR THE FAILURE OF THE SOFTWARE TO FUNCTION PROPERLY FOR ANY REASON. Dempsey Auction Company is providing online bidding as a service to Bidder. Bidder acknowledges and understands that this service may or may not function correctly the day of the auction. Under no circumstances shall Bidder have any kind of claim against Dempsey Auction Company or anyone else if the internet service fails to work correctly. Dempsey Auction Company will not be responsible for any missed bids from any source.
DEFAULT: In the event a winning bidder fails to submit the signed “Sales Contract” and deposit earnest money as provided in the pre-stipulated Terms and Conditions, the winning bidder will be charged an administrative fee of $2,500 on the credit card provided at auction registration. Additional default remedies are reserved by Dempsey Auction Co and the Sellers as provided in the Terms and Conditions and the Sales Contract.
PAYMENT: A 10% Buyer’s Premium on Real Estate will be added to the Bid Price on all real estate today to arrive at the final purchase price. The purchaser will be required to sign the Real Estate Sales Contract and pay a non-refundable earnest money deposit equal to 10% of the Contract Sales Price immediately following the Auction. This payment may be made with either a personal or company check. This deposit will be held in a non-interest-bearing escrow account under the control of Dempsey Auction Co. No disbursements will be made from this escrow account until closing or otherwise in accordance with this agreement. In the event the purchaser fails to close and pay his/her balance when due, the deposit may be retained by the Seller and Auctioneer as liquidated damages in addition to any other remedies available to the Seller and Auctioneer.
SURVEY: To be updated…
CLOSING: Closing shall take place within 30 days of auction, in accordance with the Real Estate Sales Contract, or on a date mutually agreed upon by the Seller and Purchaser(s) in writing. The closing firm will be (To be updated…)
CLOSING COSTS: The Seller will provide a Limited Warranty Deed at closing. If for some reason the Seller is unable to convey good and marketable title to the property, unless otherwise noted, the Purchaser(s) Earnest money deposit will be returned.
All other costs including, but not limited to, Attorney’s Closing Fees, Recording and Handling Fees, Deed Transfer Taxes, Title Search, Title Insurance, Loan Origination Fees, etc., will be at the Purchaser’s expense.
POSSESSION: Purchaser(s) will be granted possession of real estate at closing, on or before 30 days from acceptance.
TAXES: The 2025 Real Estate property taxes will be prorated to the date of closing. If any additional taxes are assessed resulting from the change of use by the purchaser, they will be the responsibility of the purchaser.
AGENCY: The Auctioneer is acting as agent for the seller only in this transaction and is to be paid a fee pursuant to a separate written agreement between seller and the Auctioneer. The Auctioneer is not acting as an agent for the purchaser in this transaction. Any third-party broker is not a sub-agent of the Auctioneer.
BUYER’S NOTE: Dempsey Auction Company and the Seller reserve the right to amend any terms or conditions of the auction by announcing such amendments prior to or during the auction. All information published, announced, or contained herein was derived from sources believed to be correct; however, it is not guaranteed by the Seller or the Auctioneer. The Auctioneer makes no warranty or guarantee as to the correctness and completeness of any information. Personal on-site inspection of the property is recommended. The failure of any bidder to inspect, or to be fully informed as to the condition of the property, will not constitute grounds for any claim or demand for adjustment or withdrawal of bid, offer, or earnest money after its opening tender. Any and all announcements made from the auction stand take precedence over all other verbal, printed, announced, and/or distributed information. Dempsey Auction Company is the “Agent of the Seller”, and our fiduciary duties of loyalty and faithfulness are owed to the Seller.
METHOD of SALE: DAC reserves the right to offer the property any way we see fit to obtain the seller the most money.
NOTE: This auction is being recorded by audio in its entirety for legal purposes.
I have received, read, understand, and agree to the information in these “Terms and Conditions” which will become a part of the sales contract and will hereafter be Exhibit “A”.