Knoxville Tennessee Foreclosure Home at Auction – 2 Bedrooms, 960 Sq Ft and a 0.29-Acre Lot on Clove Lane

For buyers researching foreclosure homes in Knoxville, Tennessee, online real estate auctions can present a different purchasing experience from traditional residential listings.

Some auction properties attract attention because of their advertised prices, while others appeal to buyers interested in renovation opportunities, smaller homes, or established residential neighborhoods.

However, auction purchases often involve special conditions, strict deadlines, and financial risks that must be carefully evaluated.

One property currently advertised through an online bidding event is located at 1946 Clove Lane, Knoxville, TN 37921.

Property Overview: 1946 Clove Lane, Knoxville, Tennessee

The property is located in Knoxville, Tennessee, and is classified as a single-family residence.

Key Property Details

Address: 1946 Clove Lane, Knoxville, TN 37921
Property Type: Single-Family Residence
Architectural Style: Ranch / Raised Ranch
Year Built: 1970
Interior Living Area: 960 Square Feet
Bedrooms: 2
Bathrooms: 1 Full Bathroom
Stories: 1
Lot Size: Approximately 0.29 Acres
Lot Topography: Level and Sloped Areas
Roof: Composition
Exterior Materials: Not Clearly Specified
Heating: Type Not Specified
Cooling: Type Not Specified
Water: Public
Sewer: Not Specified
Zoning: RN-4: General Residential
HOA: None Reported
Reported Condition: Average
Sale Type: Online Auction
Special Condition: In Foreclosure
Listing Terms: Cash
Property Inspections: Prohibited
Contact With Occupants: Prohibited
Sale Condition: As-Is
Freddie Mac First Look: Through November 17, 2026
Zestimate: $228,500
Tax-Assessed Value: $102,000
Annual Property Taxes: Approximately $396
MLS Number: 10003043

All information is based on the supplied listing and should be independently verified through authorized sources.

Understanding the Estimated $1 Auction Price

The Zillow listing displays an estimated price of $1.

For a residential property in Knoxville, this figure may attract immediate attention.

However, the seller’s description specifically warns that the list price is not indicative of the seller’s final reserve amount.

Is This Knoxville Home Really Selling for $1?

The supplied information does not establish that the property can be purchased for one dollar.

The displayed amount should not be interpreted as a guaranteed opening bid, actual asking price, or final sale amount.

Why Do Some Auction Listings Display Nominal Prices?

Certain property platforms display placeholder amounts when a conventional asking price is unavailable.

What Is a Seller’s Reserve?

A reserve is generally a minimum amount or condition that must be satisfied before a seller is obligated to complete a transaction.

Does the Highest Bid Always Win?

Not necessarily. The result depends on the official auction rules, reserve requirements, and any applicable seller approval.

Additional Purchase Costs

Buyers should investigate whether a buyer’s premium, deposit, closing fees, title expenses, or other charges apply.

Online Real Estate Auction in Knoxville

The property is advertised as part of an online bidding event.

The supplied description references Auction.com and RealtyBid.com.

Online Bidding Process

Eligible buyers may be required to register through the designated auction platform.

Account Verification

Registration may involve identification and financial verification.

Auction Schedule

The supplied listing does not identify the exact auction closing date.

Official Terms

Buyers should confirm the current auction schedule and controlling documents directly with the authorized platform.

Bidding Rules

Bid increments, extensions, deposits, and seller approval requirements may vary.

Avoid Assumptions

A displayed price or preliminary bid does not guarantee a completed purchase.

Foreclosure Status: What Buyers Should Know

The structured listing identifies the property as being in foreclosure.

What Is a Foreclosure Property?

Foreclosure generally involves a legal process associated with a defaulted secured obligation.

Different Sale Structures

Foreclosure-related properties may be sold through different procedures depending on their legal status.

Title Considerations

Buyers should investigate recorded liens, title defects, and other encumbrances.

Occupancy Questions

Foreclosure status does not establish whether a property is vacant.

Legal Review

An attorney familiar with Tennessee real estate transactions can help explain the specific documents.

No Assumed Legal Outcome

The supplied listing does not establish the full foreclosure history or guarantee clear title.

Freddie Mac First Look Initiative Through November 17, 2026

The seller states that the property is eligible under the Freddie Mac First Look Initiative through November 17, 2026.

What Is the First Look Initiative?

The Freddie Mac First Look Initiative is associated with a period during which eligible owner-occupant buyers and certain other qualifying purchasers may receive priority consideration for applicable properties.

Why Does It Matter?

The program may affect which offers are considered during the designated period.

Investor Eligibility

Investors should not assume that they are eligible to purchase during the First Look period.

Owner-Occupant Requirements

Qualifying owner-occupant purchasers may need to meet specific occupancy and certification conditions.

Program Rules

The applicable requirements should be confirmed through the official property documents and current program guidance.

Deadline Verification

The supplied listing identifies November 17, 2026, as the end of the First Look eligibility period.

This date is not necessarily the auction closing date.

Cash Purchase Terms

The structured listing identifies cash as the transaction term.

What Does Cash Mean?

A cash purchase generally requires the buyer to provide funds without relying on a conventional mortgage closing.

Proof of Funds

The auction platform may require financial documentation.

Deposit

Buyers should confirm the required deposit and payment deadline.

Financing Restrictions

The supplied information does not establish that financing contingencies are available.

Available Funds

Buyers should account for the purchase amount and additional transaction expenses.

Financial Risk

Bidding without sufficient funds can create contractual and financial consequences.

Strictly No Property Inspections

One of the most important conditions is the prohibition on property inspections.

No Interior Access

Buyers should not assume they can enter the home before bidding.

No Exterior Inspection Without Authorization

The listing’s restriction should not be bypassed by entering the land or approaching the building.

Unknown Defects

Without an authorized inspection, structural and mechanical problems may remain undiscovered.

Repair Uncertainty

The total cost of necessary repairs cannot be reliably established from the supplied listing.

Financial Planning

Buyers should account for the possibility of significant unexpected expenses.

Respect the Restriction

No unauthorized entry or inspection should be attempted.

Contact With Occupants Is Prohibited

The seller’s description also prohibits contact with occupants.

Occupancy Not Confirmed

The supplied information does not establish whether the residence is currently occupied.

No Direct Contact

Prospective buyers should not approach residents or attempt to gather information through prohibited contact.

Possession Questions

Buyers should obtain written clarification through authorized transaction representatives.

Potential Legal Issues

Occupancy and possession can affect closing and future use.

Professional Advice

A qualified attorney can help evaluate possession-related terms.

Sold As-Is: Understanding the Risks

The property is being sold as-is.

Condition Responsibility

An as-is sale generally places significant responsibility on buyers to understand the condition and contract terms.

No Assumed Repairs

Buyers should not expect the seller to complete repairs unless expressly agreed.

Mechanical Systems

The listing does not establish that heating, cooling, plumbing, or electrical systems are operational.

Structural Condition

The property’s reported average condition is not a substitute for an inspection.

Contract Review

The exact legal obligations depend on the purchase agreement and applicable law.

A Knoxville Home Built in 1970

The residence was constructed in 1970.

Established Construction

Homes from this period may use materials and building methods different from newer residences.

Maintenance History

The supplied listing does not provide a complete renovation history.

Structural Components

Roofing, foundation, framing, and drainage may require attention depending on condition.

Electrical Systems

Older electrical components should be evaluated when lawful access becomes available.

Plumbing

The age and condition of plumbing materials are not established.

Professional Evaluation

Qualified inspections may be necessary after authorized access is available.

Approximately 960 Square Feet of Living Space

The property contains approximately 960 square feet of reported interior living area.

Compact Residential Layout

A smaller home may appeal to buyers seeking a manageable interior footprint.

Two Bedrooms

The listing identifies two bedrooms.

One Bathroom

One full bathroom is reported.

Maintenance Considerations

A smaller residence may require fewer materials for certain renovations, but major repairs can still be expensive.

Square Footage Verification

Buyers should verify the reported measurement through appropriate records.

Two Bedrooms

The residence includes two reported bedrooms.

Primary Sleeping Area

One bedroom may serve as the primary sleeping space.

Additional Bedroom

The second bedroom could potentially accommodate a guest or other household needs.

Home Office Possibility

A bedroom may be used as a workspace, depending on legal and practical requirements.

Room Dimensions

The supplied listing does not provide bedroom measurements.

Interior Condition

The condition of either room is not established.

One Full Bathroom

The property is listed with one full bathroom.

Household Convenience

A single bathroom may be sufficient for some households.

Plumbing Condition

The current condition of fixtures, supply lines, and drains is unknown.

Water Heater

The listing does not identify the water heater type or condition.

Renovation

Bathroom improvements may require plumbing, flooring, and ventilation work.

Cost Planning

Buyers should consider possible repair expenses.

Ranch and Raised-Ranch Architectural Style

The structured listing identifies the home as ranch or raised ranch.

Traditional Residential Design

Ranch-style homes are commonly associated with practical layouts.

One-Level Listing

The property is listed as having one story.

Raised-Ranch Classification

The raised-ranch description does not establish the exact foundation or lower-level configuration.

Floor Plan

The supplied information does not include a detailed floor plan.

Verification

Buyers should rely on official property records where available.

Approximately 0.29 Acres of Land

The home sits on approximately 0.29 acres.

Acreage in Square Feet

At 43,560 square feet per acre, 0.29 acres equals approximately 12,632 square feet.

Residential Yard

The lot may provide space for ordinary residential outdoor activities.

Landscaping

Future improvements depend on site conditions and applicable regulations.

Property Boundaries

A survey can clarify the legal boundaries.

Maintenance

Lawn care, drainage, and vegetation management may be ongoing expenses.

Level and Sloped Terrain

The structured listing describes both level and sloped topography.

Yard Usability

Some portions may be relatively level.

Drainage

Sloped areas can influence how stormwater moves across the property.

Erosion

Improper drainage can contribute to erosion or foundation moisture concerns.

Landscaping

Retaining features or grading may be needed for certain improvements.

No Site Inspection

The actual condition of the land is not established by the listing alone.

Composition Roof

The home is listed with a composition roof.

Roofing Materials

Composition roofing is commonly used in residential construction.

Roof Age

The listing does not provide an installation date.

Condition Unknown

The roof’s current condition cannot be confirmed from the supplied information.

Potential Repairs

Leaks or deterioration could require repairs or replacement.

Insurance Considerations

Roof age and condition may affect insurance eligibility.

Exterior Materials Not Clearly Specified

The structured listing does not provide a specific exterior material description.

Siding Condition

Buyers should not assume a particular siding type.

Weather Protection

Exterior materials play an important role in protecting the structure.

Moisture Concerns

Water intrusion can damage framing and interior finishes.

Maintenance Costs

Potential expenses depend on the actual materials and condition.

Verification

Official records or authorized inspections may provide additional information.

Heating System Not Clearly Identified

The listing describes heating only as other.

Equipment Type

The supplied information does not establish whether the home uses electric, gas, or another heating system.

Operational Status

No working condition is confirmed.

Energy Expenses

Heating costs depend on the actual equipment and insulation.

Replacement Budget

Major heating repairs or replacement may be necessary.

Future Inspection

A qualified technician should evaluate the system when permitted.

Cooling System Not Clearly Identified

Cooling is described using a general remarks category.

Air Conditioning

The listing does not establish whether central air conditioning is installed.

Equipment Condition

No operational status is provided.

Summer Comfort

Cooling requirements can be important during warm Tennessee weather.

Electrical Capacity

Installing new cooling equipment may require electrical work.

Financial Planning

Buyers should budget for possible system improvements.

Public Water Service

The structured listing identifies public water.

Utility Connection

Public water service may be available to the residence.

Active Service

The listing does not establish whether water service is currently active.

Plumbing Condition

Internal plumbing may require repairs.

Utility Charges

Water costs depend on the provider and household usage.

Verification

Buyers should confirm service information through authorized sources.

Sewer Arrangement Not Specified

The supplied listing does not identify the sewer system.

Unknown Wastewater Connection

Buyers should not assume the property uses municipal sewer or a septic system.

Public Records

Utility and permit records may help clarify the arrangement.

Potential Costs

Wastewater system repairs can be expensive.

Compliance

Any required improvements must meet applicable regulations.

Due Diligence

The sewer arrangement is an important question to resolve before bidding.

RN-4 General Residential Zoning

The property is listed with zoning classified as RN-4: General Residential.

Residential Classification

The zoning designation is associated with residential land use.

Permitted Uses

Specific permitted uses depend on current local zoning rules.

Additional Structures

Buyers should not assume that accessory buildings or additions are automatically permitted.

Rental Use

Rental restrictions and requirements should be verified.

Redevelopment

Any redevelopment plans require zoning and permit review.

Knoxville Real Estate Market Considerations

The property is located in Knoxville, Tennessee.

Local Housing Demand

Market conditions can affect property values and resale opportunities.

Comparable Sales

Recent sales of similar homes may provide useful valuation context.

Neighborhood Research

Buyers may investigate nearby land uses and public amenities.

Transportation

Travel times depend on the property’s actual location and road network.

Market Changes

Real estate values and buyer demand can fluctuate.

Is This Property Suitable for a First-Time Homebuyer?

Some buyers may be interested in a smaller home as a first purchase.

Home Size

A two-bedroom residence may meet certain household needs.

Cash Requirement

The listing identifies cash terms, which may limit financing options.

Inspection Restrictions

The prohibition on inspections creates substantial uncertainty.

As-Is Condition

Unexpected repairs could increase costs.

First Look Eligibility

Qualifying owner-occupants should review the Freddie Mac First Look requirements.

Affordability

A nominal listing price does not establish an affordable final purchase.

Real Estate Investment Considerations

The property may interest investors familiar with foreclosure auctions.

Purchase Price

The final sale amount is not established.

Renovation Risk

The home may require repairs, but the scope is unknown.

Rental Potential

Any rental strategy depends on property condition and legal requirements.

Resale Value

Future value depends on market conditions and completed improvements.

Holding Costs

Taxes, insurance, utilities, and maintenance affect investment results.

First Look Restrictions

Investors should verify when they may be eligible to participate.

No Guaranteed Returns

The listing does not establish rental income or investment profit.

Renovation Planning for a 1970 Home

A home built in 1970 may require updates depending on its maintenance history.

Roofing

Roof condition is unknown.

Electrical

Older wiring and electrical panels may require evaluation.

Plumbing

Pipes and fixtures may need repair.

Heating and Cooling

Equipment type and condition are not established.

Interior Finishes

Flooring, walls, and cabinetry may require improvements.

Structural Repairs

Foundation and framing conditions cannot be confirmed.

No Inspection Access

Any renovation budget prepared before lawful access will involve substantial uncertainty.

Homeowners Insurance Considerations

Insurance is an important part of evaluating the purchase.

Property Condition

Insurers may require information about the roof, utilities, and structural condition.

Foreclosure Status

The property’s transaction and occupancy status may affect available coverage.

Vacant Home Insurance

If the home is vacant, specialized insurance may be necessary.

Occupied Home Insurance

If occupied, coverage requirements may differ.

Liability

Property ownership can create liability exposure.

Insurance Quotes

Buyers should discuss the property with qualified insurance professionals before bidding.

Understanding the $228,500 Zestimate

The listing displays a Zestimate of $228,500.

Automated Estimate

A Zestimate is an automated valuation rather than a professional appraisal.

Condition Limitations

Automated estimates may not fully reflect unknown property defects.

Auction Value

The eventual auction result may differ substantially from the Zestimate.

Foreclosure Considerations

Transaction conditions can affect bidding behavior.

Independent Valuation

Buyers should review relevant comparable sales and available records.

Tax-Assessed Value of $102,000

The structured listing reports a tax-assessed value of $102,000.

Assessment Versus Market Value

Tax-assessed values are not the same as market prices.

Auction Pricing

The assessment does not determine the winning bid.

Official Records

Buyers should verify current assessment information.

Future Changes

Property assessments may change over time.

Annual Property Taxes of Approximately $396

The listing reports annual property taxes of approximately $396.

Monthly Equivalent

Dividing $396 by twelve gives approximately $33 per month.

This is a budgeting calculation rather than the actual tax payment schedule.

Tax Verification

Buyers should confirm the amount through official records.

Outstanding Obligations

Any unpaid taxes or other charges should be investigated.

Future Reassessment

Taxes may change following reassessment or ownership transfer.

Remote Due Diligence Without Entering the Property

Because inspections are prohibited, buyers may need to rely on lawful document research.

Property Tax Records

Public records may provide assessment and ownership information.

Deed Records

Recorded documents can help identify certain title details.

Zoning Records

Local zoning information may clarify permitted uses.

Permit History

Available permits may identify past improvements.

Utility Records

Authorized information may help clarify water and wastewater arrangements.

Title Examination

A qualified title professional can review recorded encumbrances.

Limitations

Remote research cannot fully replace a physical inspection.

Estimating the Total Cost of Purchase

The final auction bid is only one part of the financial commitment.

Potential Expenses

Winning auction bid
Any applicable buyer’s premium
Deposit
Closing costs
Title examination
Legal review
Property taxes
Insurance
Public records research
Potential roof repairs
Electrical improvements
Plumbing repairs
Heating replacement
Cooling installation
Wastewater system repairs
Interior renovation
Landscaping
Security and maintenance
Emergency reserve

Why Conservative Planning Matters

Unknown property condition can lead to unexpected expenses.

Maximum Bid

Buyers should establish a financial limit based on realistic risk assumptions.

Professional Advice

Legal, financial, insurance, and real estate professionals can help evaluate the transaction.

Important Questions Before Bidding

Prospective buyers should investigate the following through authorized channels:

What is the official auction closing date?
Which auction platform controls the sale?
What is the seller’s reserve?
Is there a buyer’s premium?
What deposit is required?
What is the closing deadline?
Are cash funds required at closing?
What documentation is needed for proof of funds?
What are the Freddie Mac First Look eligibility requirements?
Can investors bid before November 17, 2026?
Is the home currently occupied?
What possession rights transfer at closing?
Are there any recorded liens?
Are property taxes current?
Is the reported 960-square-foot area accurate?
What is the condition of the foundation?
How old is the roof?
Are there known structural defects?
What type of heating system is installed?
Is air conditioning available?
Is public water service active?
What wastewater system serves the property?
Are there outstanding code violations?
Is homeowners insurance available?
What are the exact property boundaries?
Are there easements or deed restrictions?
What uses are permitted under RN-4 zoning?
What repairs may be necessary?
Can the buyer afford unexpected expenses?
Has the official purchase contract been reviewed by a qualified professional?

These questions should be pursued without entering the property or contacting occupants.

Frequently Asked Questions

Where is the property located?

The home is located at 1946 Clove Lane, Knoxville, TN 37921.

How many bedrooms does it have?

Two bedrooms.

How many bathrooms are there?

One full bathroom.

How large is the residence?

Approximately 960 square feet.

When was the home built?

The listing reports 1970.

How much land is included?

Approximately 0.29 acres.

What is the architectural style?

The listing identifies ranch and raised-ranch styles.

Is the property in foreclosure?

Yes. The structured listing identifies it as in foreclosure.

Is the house really priced at $1?

No verified $1 purchase price is established. The seller states that the displayed price does not indicate the final reserve amount.

Is the property sold through an online auction?

Yes. The listing references Auction.com and RealtyBid.com.

Is this a cash-only purchase?

The structured listing identifies cash as the transaction term.

Can buyers inspect the property?

No. The listing strictly prohibits property inspections.

Can buyers contact occupants?

No. Contact with occupants is expressly prohibited.

Is the property sold as-is?

Yes, according to the listing.

What is the Freddie Mac First Look deadline?

The listing states that the property is eligible through November 17, 2026.

Does the property have public water?

Yes, according to the listing.

What is the zoning classification?

RN-4: General Residential.

What is the Zestimate?

The listing displays $228,500, which is an automated estimate rather than a guaranteed sale price.

What are the annual property taxes?

Approximately $396, according to the listing.

Is there an HOA?

No HOA is reported.

Final Thoughts: A Knoxville Foreclosure Auction With Important Purchase Restrictions

The property at 1946 Clove Lane in Knoxville, Tennessee, is advertised as a two-bedroom, one-bathroom residence built in 1970.

The home includes approximately 960 square feet of reported interior living space and sits on a 0.29-acre lot.

Its ranch or raised-ranch architectural classification, composition roof, public water service, and RN-4 residential zoning are among the reported features.

The property is also identified as being in foreclosure and offered through an online auction.

However, this is not a conventional residential listing.

The estimated $1 price does not represent the seller’s final reserve amount.

The transaction is listed with cash terms, the property is sold as-is, and inspections and contact with occupants are strictly prohibited.

The Freddie Mac First Look Initiative is reported to apply through November 17, 2026, which may affect buyer eligibility during that period.

For prospective owner-occupants or experienced real estate investors, the property may warrant further research.

The most important steps are to review the official auction documents, understand First Look eligibility, investigate title and occupancy, and establish a realistic budget for unknown repairs.

Buyers should respect all access restrictions and seek qualified professional guidance before submitting a binding bid.

Final Property Summary

Address: 1946 Clove Lane, Knoxville, TN 37921

Property Type: Single-Family Residence

Architectural Style: Ranch / Raised Ranch

Year Built: 1970

Interior Living Area: 960 Square Feet

Bedrooms: 2

Bathrooms: 1 Full Bathroom

Stories: 1

Lot Size: Approximately 0.29 Acres

Lot Topography: Level and Sloped

Roof: Composition

Exterior Materials: Not Clearly Specified

Heating: Not Clearly Specified

Cooling: Not Clearly Specified

Water: Public

Sewer: Not Specified

Zoning: RN-4: General Residential

HOA: None Reported

Reported Condition: Average

Sale Type: Online Auction

Special Condition: In Foreclosure

Listing Terms: Cash

Sale Condition: As-Is

Property Inspections: Strictly Prohibited

Occupant Contact: Strictly Prohibited

Freddie Mac First Look Initiative: Through November 17, 2026

Zestimate: $228,500 — Automated Estimate, Not a Guaranteed Value

Tax-Assessed Value: $102,000

Annual Property Taxes: Approximately $396

Displayed Price: Est. $1 — Not Indicative of Seller’s Final Reserve

Auction Platforms Referenced: Auction.com and RealtyBid.com

Listing Agent: Sharon Fletcher

Brokerage: New Nest Realty

MLS Number: 10003043

Disclaimer: This article is based on the supplied real estate listing and is intended for informational purposes only. The displayed estimated price of $1 is not a verified asking price, opening bid, or final sale amount. The seller expressly states that the list price does not indicate the final reserve amount. The property is advertised as a foreclosure-related online auction with cash terms and is sold as-is. Property inspections and contact with occupants are strictly prohibited. Readers must not enter the property, attempt unauthorized inspections, or approach occupants. The listing states that the Freddie Mac First Look Initiative applies through November 17, 2026; eligibility and program requirements must be confirmed through official sources. The property’s current occupancy, structural condition, mechanical systems, wastewater arrangement, title status, insurability, and repair needs have not been independently verified. The Zestimate of $228,500 is an automated estimate, not a professional appraisal or guaranteed sale price. No rental income, investment return, or future appreciation is guaranteed. Prospective buyers should consult qualified real estate, legal, title, insurance, and financial professionals before bidding.

Listed on Zillow.