ABSOLUTE AUCTION *2 HOMES ON ADJOINING LOTS SELLING TOGETHER Paducah, KY
Starts: Sat, Oct 31, 2015 10:00AM
Ends: Sat, Oct 31, 2015 10:00PM
2 HOMES ON ADJOINING LOTS SELLING TOGETHER
HIGH BIDDER TAKES BOTH PROPERTIES * NOT OFFERED SEPARATE
- HOME # 1 RECENTLY REMODELED IN FINISHING STAGES
- HOME # 2 SUFFERED FIRE AND SMOKE DAMAGE
WHEN: Saturday, October 31st @ 10 A.M.
WHERE: 134 Bichon Ave. Paducah, KY 42003
Auction held on site rain or shine.
DIRECTIONS: From 1-24 Exit 11 travel west 2.2 miles on John Puryear Dr. Turn left onto Oaks Rd./Silk Tree Blvd. & proceed 0.2 miles. Turn right onto KY-284 S/Benton Rd. & go 1.8 miles & turn right onto Bichon Ave. drive 0.2 miles to end of street arriving at property on left. Signs posted.
REAL ESTATE: 2 small homes in Reidland on a quiet dead end road. Home # 1: 2 bedroom 1 bath home with 9’ ceilings & +/- 988 sq. ft. of living space. This home is built on a concrete slab with concrete framed block exterior walls covered with vinyl siding, vinyl windows & a metal roof. There have been recent updates started throughout the home. Interior of home contains electrical upgrades, stud walls covered with sheetrock. Kitchen +/- 7’8” x +/- 13’4” with linoleum floor covering, new white cabinets, no countertops, new electric stove receptacle, new light fixture, & a snack bar that separates the kitchen from the great room. The great room is +/- 12’4” x +/- 13’6” with carpet, new light fixture. There is ceiling tile in foyer, hallway, kitchen, & great room. Bedroom 1 is +/- 11’ x +/- 12’9” has baseboards, ceiling fan, & ceiling tile. Bedroom 2 +/- 8’8” x +/- 12’. Utility room: +/- 6’4” x +/- 6’10” with a new washer & dryer hook up, A.O. Smith 40 gal. electric water heater, & unfinished walls. The bathroom has a new vanity, sink, medicine cabinet, commode, & new bathtub shower enclosure & water proof drywall with no ceiling cover. There is a +/- 7’9” x +/- 7’9” storage closet & a +/- 7’10 x +/- 8’4” foyer. Utilities: Carrier model 50 HX-042-301AA heat pump serial 5098G42499, 200 amp electric service, city water, & septic tank.
Home #2: This home contains +/- 1,248 sq. ft. of living space with 2 bedrooms & 1 bath. Exterior: Has vinyl on 3 sides & clapboard siding on the other with a metal roof. This home has suffered fire & smoke damage throughout. Interior: The kitchen & great room have concrete floor & the great room has a glass sliding door. There are 2 bedrooms with wood floors, living room & a utility room.
TERMS OF AUCTION:
REAL ESTATE: 20% good faith deposit due day of sale. Balance due in 45 days. 10% buyer premium added to final bid and included in the total contract price. Bank letter of credit required if unknown by Auction Co. Bidders are responsible for their own inspections and verifications either before or during day of auction. Showings & inspections by appointment only or 2 hours prior to auction start time. Announcements day of auction will take precedence over any previous marketing, either written or oral.
PROCEDURE: Initial procedure determined by auctioneer.
TITLE: Fee Simple title delivered.
DEED: Seller will provide a Warranty Deed.
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 & DISCLAIMER: 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, and no warranty or representation either express 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. Errors and/or omissions are assumed by the seller or the auction company. 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.
ANY ANNOUNCEMENTS MADE THE DAY OF THE SALE TAKE PRECEDENCE OVER PRINTED MATERIAL OR ANY OTHER ORAL STATEMENTSMADE. AUCTION COMPANY OR OWNER IS NOT RESPONSIBLE FOR ACCIDENTS.
NEW INFORMATION, CORRECTIONS, AND CHANGES: Please check for updated information prior to scheduled auction time for changes, corrections, or additions to the herein described property information.
AUCTIONEER’S NOTE: Auction held on site, rain or shine.