Auction  Details

Proven Trust

Proven Experience

Proven Results

Type

Live On-Site Auction

Auction Dates

Starts: Sat, Apr 5, 2025 10:00AM

Description

ABSOLUTE AUCTION
LIVE REAL ESTATE AUCTION OF 3 HOMES!

ATTN: INVESTORS & HOMEBUYERS * HELD OFF-SITE
ALL THREE HOMES WILL BE OFFERED SEPARATE OR COMBINED!

ALL THREE HOMES ARE LOCATED WITHIN CLOSE PROXIMITY TO BAPTIST HOSPITAL
*Please see revisions below in highlighted areas


When: Saturday, April 5th, 2025 @ 10 AM
Where: Auction held at St. Paul Lutheran Church Gymnasium located at 211 S. 21st St. Paducah, KY 42003

Subject Property Addresses:
  • Property #1: 713 North 23rd St., Paducah, KY 42001
Rent Income: $950.00 Occupied with lease ending July 31st of 2025
  • Property #2: 1112 Monroe St., Paducah, KY 42001
    • Rent Income: $600.00 Occupied month to month (Duplex potential)
  • Property #3: 1922 Jackson St., Paducah, KY 42003
    • Currently vacant

Open House Previews of Properties:
  • Saturday, April 5th, 2025 - Day of Auction
    • 8:00 A.M. – 10:00 A.M. with auction starting at 10:00 A.M.
Auction Site:
Directions to St. Paul Lutheran Church: Starting from Western Baptist Hospital customer parking lot take Kentucky Ave. east +/- 0.3 miles past Paducah Tilghman High School turning right onto South 21st St. Your destination will be on the right. Signs posted.
Auctioneer’s Note: Inspect exterior properties at your discretion, the interior inspection dates are listed above.

Real Estate Descriptions & Directions:
Property #1: 713 North 23rd St., Paducah, KY 42001
Directions to 713 North 23rd St: Starting from Baptist Hospital & Broadway intersection travel north on S. 28th St. (Joe Clifton Dr.) +/- 0.5 miles turning right onto HC Mathis Drive. Continue +/- 0.2 miles turning right onto Park Ave., proceed +/- 0.3 miles turning left onto N 23rd St. arriving at property on left in +/- 300’. Signs posted.

Home Description: The interior of home was completely remodeled in 2022 with all new appliances, shower/tub, vanity, cabinets, fixtures & flooring. A new metal roof was installed about the same time, water lines were replaced with PEX, new HVAC, and sewer line was replaced in the front yard. The home contains 3 bedrooms & 1 full bath with +/- 1,127 sq. ft. of living space with +/- 165 sq. ft. of covered front porch space totaling +/- 1,292 total sq. ft. under roof. The lot size is +/-40’ x +/-150’. Other amenities include Masonite lap siding, front yard, sidewalk leading to covered front porch, and the back yard is completely fenced in making it perfect for children and pets. Front and rear parking are available with alley access.

Utilities: All utilities including public water, electric, gas, and municipal sewer.

Property #2: 1112 Monroe Street, Paducah, KY 42001
Directions to 1112 Monroe St: Starting from Baptist Hospital & Broadway intersection take Broadway St. east +/- 1.2 miles turning left onto 13th Street. Continue +/- 0.2 miles turning right onto Monroe Street and proceed +/- 0.2 miles arriving at property on right. Signs Posted.
Home Description: This property has lots of potential. Once a duplex, it is now a 3-bedroom, 1.5 bath home. This property has duplex potential. The home had a new dimensional shingle roof installed +/- 4 years ago. *The home has 2 electric heaters with the AC/type consisting of wall units. The exterior has brick siding on all four sides up to the soffits. The lot size is +/- 40’ x +/- 160’ with parking in front and in rear of property. The home contains +/- 1,653 sq. ft. of living space with +/- 187 sq. ft. of covered front porch space with a total of +/- 1,840 total sq. ft. under roof.
*Correction: This property does not have municipal gas on-site although it is available by the street.

Utilities: Utilities include public water, electric, and municipal sewer.


Property #3: 1922 Jackson St, Paducah KY 42003
Directions to 1922 Jackson Street: Starting from Baptist Hospital & Broadway intersection take 28th St. south towards Kentucky Ave. traveling +/- 0.4 miles and turning left onto US-60 E/US-62 E/Jackson Street. Proceed +/- 0.6 miles turning left onto South 21st Street. Continue +/- 0.1 mile turning right onto Jackson St. arriving at property on the right in +/- 0.1 mile. Signs posted.

Home Description: This home is currently vacant and contains 2 bedrooms with 1 full bath, +/- 1,020 sq. ft. of living space, & central HVAC with gas forced air heat. The exterior has a newly replaced dimensional shingle roof installed within the last 12 months. The home exterior is aluminum siding. There is a detached garage at the rear of the property constructed out of block masonry with the dimensions of +/- 18’ x +/- 24’ totaling +/- 432 sq. ft. with a traditional wood cap, man door, and +/- 8’ x +/- 6’4” barn doors on back side of building. Front and rear parking are available. This corner lot size is +/- 50’ x +/- 160’.


Utilities: All utilities including public water, electric, gas, and municipal sewer.



Terms of Auction:
Real Estate: 15% of total contract price or a minimum $5,000.00 good faith deposit due day of sale, whichever is greater. Balance due in 45 days. 10% buyer premium added to final bid and included in the total contract price.
Open House Previews of Homes: Showings on Friday afternoon March 28th, 2025, between the hours of 4:00 P.M. - 6:00 P.M., and on day of auction between the hours of 8:00 A.M.-10:00 A.M. with auction starting at 10:00 A.M. All three homes are in close proximity to St. Paul Lutheran Church.
Procedure: Initial procedure determined by auctioneer.
Title: Fee Simple Absolute title delivered.
Deed: Seller will provide a Warranty Deed to each property.
Purchase Agreement: Successful bidder/s will enter into a purchase agreement contract immediately upon conclusion of the auction.
Possession: Possession given at closing.
Restrictions: Any recorded restrictions (if any) and zoning regulations apply.
Easements: Sale of property is subject to any and all easements of record.
Absence of Warranties & Disclaimers: All information contained herein, and all related materials, are subject to the Terms and Conditions outlined in the Purchase Agreement. The property is being sold on AS IS, WHERE IS basis, no warranty or representation either expressed or implied concerning the property is made by the seller or the auction company. Each potential bidder is responsible for conducting his or her own inspections, verifications, investigations, inquiries, and due diligence concerning the property. The information contained herein is subject to verification by all parties relying on it. There is no liability for its accuracy. Conduct of the auction and increments of bidding are at the discretion of the auctioneer. The sellers and selling agents reserve the right to preclude any person from bidding if there is any question regarding the person’s credentials, fitness, etc. All decisions of the auctioneer are final.
Auctioneer’s Note: Auction held indoors @ St. Paul Lutheran Church Gymnasium. Any additional terms & announcements made on the day of sale take precedence over printed material or any other oral statements made prior to sale. Auction company or owner is not responsible for accidents.
New Information, Corrections & Changes: Please check for updated information prior to scheduled auction time for changes, corrections, or additions to the herein described property information.

 

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