Live Auction of Bank-Owned Real Estate
Tuesday, September 10th @ 2:00pm
3139 South Lake Drive, Prestonburg, KY 41653
Open for Inspection 30 minutes prior to Auction
Online Pre-Bidding Available by Clicking on “Bid Now” Button
Sells To The Highest Bidder Regardless of Price!
No Minimum! No Reserve!
DESCRIPTION: +/- 1,500 SF 3BR, 1Ba Cape Cod home over a crawl space situated on nearly a half of an acre lot.
Floyd County Map Reference & PID: 045-70-01-005.00
Census Tract: 9210.00.
Appraised Value: $54,000.
Real Estate Sold Through Area Group, Inc.
Brent Semple - Broker (513)341-9378
KY Broker License #181648
Tim Lile, CAI – Auctioneer (937)689-1846
KY Auction License #258319
Disclaimer: Information contained herein was obtained from sources deemed reliable. However, neither Area Group, Inc., Auctioneers, nor their agents will be responsible for any errors or omissions regarding information provided by same. Buyers should carefully verify all information and make their own decision as to the accuracy thereof before relying on same.
Annual Taxes: $ 700
LEAD AUCTIONEERTim Lile
Sells to the highest bidder regardless of price subject to no minimum and no reserve. All properties sell as-is with no contingencies for financing, inspection or otherwise. A 10% Buyer's Premium will be added to winning bids to establish the final contract selling prices. Taxes prorated in customary manner. Buyer pays all closing costs.
ONLINE BIDDING TERMS: ONLINE PRE-BIDDING HERE ENDING ON MON, SEPT 9 WILL NOT ESTABLISH THE FINAL WINNING BIDDER. The "Winning Online Pre-Bidder" will be contacted after online bidding closes. At that time they will be formally registered for the September 10 auction and considered the opening bidder at their online bid price. Bidding options for the following day will be discussed in the event there is advance in the bid price amount from a live auction bidder at the subject property. If there is no advance onsite, the Online Winning Bidder will become the Final Winning Bidder and Purchaser of the property. Online Bid Increment: $100. Max Bid: When you place a bid, you can place a "Max Bid" and the system will bid for you in $100 increments up to your maximum bid. You will be notified by email if your maximum is out-bid. Bid Extensions: If a bid is received within the last 5 minutes prior to the stated Auction End Time, bidding will extend for an additional 5-minute period of time. Bid extensions will continue until a 5 minute period of time elapses after the stated Auction End Time with no advancing bids placed.
Deposit and Closing:
Successful bidders will be required to provide the greater of $3,000 or 10% of the final contract selling price. Close on or before September 30, 2019. Online Final Winning Bidders will receive wiring instructions for said deposit.