Published Reserve ONLINE ONLY Auction! Great Opportunity! Welcome to Prospect Point!-3 Bedroom, 1 Full and 2 Half Baths & 1 Car Garage Townhome. Great Location and Great Opportunity! Nestled in Villa Hills! This property is in a Planned Urban Development (PUD) Enjoy the Space this townhome offers. Living Room, Half Bath, Kitchen, Dining Area on Main Floor. Second Floor Includes 3 Bedrooms and 1 Bath. Lower Level Features Family Room w/Fireplace, Bathroom and Entrance onto Patio Area. Property is being sold to settle an estate. Community Amenities include Pool, Clubhouse, Tennis Court, Walking Paths & Incredible River & Lake views*Monthly HOA Fee Covers: Snow Removal, Common Area, Outside Maint, Master Insurance, Pool, Tennis Courts. Monthly HOA is $330.00. For More Information about HOA go to www.prospectpointhoa.com
The Published Reserve Amount is Eighty Two Thousand Five Hundred Dollars ($82,500.00). If the reserve amount is not met, the seller still has the right to accept a bid. If the reserve is met, the property will sell to the highest winning bidder.
Auctioneer/Broker/Seller will not be liable for this information.
Preview Date: Saturday, December 7th 12pm to 2pm ET
TERMS ON REAL ESTATE: A 10% Buyers Premium will be added to the winning bid to determine the final contract selling price for the property. The purchaser shall make a non-refundable deposit at the conclusion of the auction in the amount of Fifteen Thousand Dollar ($15,000.00). Deposit will be completed thru eXp Deposit Link., secured by a Personal Demand Note. The balance to be paid upon delivery of a Special Warranty Deed according to applicable law on or before January 13, 2025. Possession to be given at closing and date of deed. Time is of the essence in the purchase agreement. Taxes and HOA fee to be prorated to date of closing. Buyer will pay $150.00 to English Law Group for the preliminary title exam and Closing to Be Held at English Law Group. The property is being sold as is with no warranty. Buyer is to verify lot size, square footage, restrictions, floodplain, and taxes. Auctioneer/Broker/Seller will not be liable for this information. All risks of loss with respect to the property shall remain with SELLER until the closing and delivery of deed. In Cooperation with eXp Realty. *Any Announcements made the day of the Auction take precedence over printed material or any other oral statements made.
PROPERTY SOLD "AS IS": The property is sold without contingencies of any type such as further inspections, usability, or the ability of the buyer to secure financing, and subject to any valid easements. All property is sold “as is”. Buyer is to verify lot size, square footage, restrictions, floodplain, and taxes. Auctioneer/Broker/Seller will not be liable for this information.
Online and onsite auctions are cash sales that are not contingent on or subject to financing, appraisal, survey, or inspections of any kind. Bidders agree to this by registering for the auction prior to bidding, and this is specified in the purchase contract for the real estate. Bidders are encouraged to perform on-site inspections of the real estate prior to bidding in the auction. Failure to do so in no way relieves the buyer of any of the terms or conditions set forth here.
INSPECTION: The real estate may be viewed prior to the auction date by appointment with Auction Solutions, LLC. Prospective buyers are advised to inspect the property to their satisfaction as it will be sold “as is” with no warranties expressed or implied.
CLOSING: THE CLOSING OF THE REAL ESTATE IS TO BE ON OR BEFORE JANUARY 13TH 2025 PER THE PURCHASE CONTRACT OF THE REAL ESTATE.
TAXES & HOA DUES: Real Estate Taxes and any and all HOA/Condominium Fees will be prorated between buyer and seller as of closing date.
POSSESSION: Possession shall be given with the deed.
DEED: SPECIAL WARRANTY DEED
AUCTION BID INCREMENTS: The Auctioneer shall determine the bid increments, which may be changed during the auction at his/her discretion.
WHO MAY BID: Any qualified bidder, including the auctioneer and any of the auctioneer's agents, may bid. Likewise, the auctioneer may, under Kentucky law, reject the bid from any bidder deemed unqualified or unfit to bid.
AGENCY: Auction Solutions, LLC Agents and Representatives are agents of the Seller. Buyer and/or Bidder agrees to hold harmless and indemnify Auction Solutions LLC and its Agents and its Representatives from any and all claims, damages or suits including but not limited to awards, judgments, costs, fees, etc.
AUCTION END TIMES: Auction Solutions LLC real estate online auctions are timed events and all bidding will close at a specified time. Auction Solutions LLC real estate online auctions also have an auto extend feature. Any bid placed in the final 10 minutes of an auction will automatically extend the end time for a period of 5 minutes from the time the bid was placed. Example: if an auction scheduled to close at 4:00 receives a bid at 3:59, the close time will automatically extend to 4:04. The auto-extend feature remains active until no further bids are received within a 5 minute time frame.
REFRESH YOUR SCREEN CONSTANTLY DURING THE CLOSING MINUTES OF THE AUCTION TO KEEP UPDATED ON THE BIDDING.
SERVER SOFTWARE AND TECHNICAL ISSUES: In the event there are technical difficulties Auction Solutions, LLC reserves the right to extend bidding, continue the bidding, or close the bidding.
NEITHER THE COMPANY PROVIDING THE SOFTWARE NOR AUCTION SOLUTIONS LLC SHALL BE HELD RESPONSIBLE FOR A MISSED BID OR THE FAILURE OF THE SOFTWARE TO FUNCTION PROPERTY FOR ANY REASON. EMAIL NOTIFICATIONS WILL BE SENT TO REGISTERED BIDDER WITH UPDATED INFORMATION AS DEEMED REASONABLE BY AUCTION SOLUTIONS LLC
AUCTION BIDDER DEFAULT: A successful bidder not executing and returning the contract with earnest money deposit within 24 hours of the conclusion of the auction will be considered in default. In the event a winning bidder fails to submit the signed Contract for Sale of Real Estate and earnest money deposit within the allotted time, the winning bidder will be charged a penalty of no less than 5% of the winning bid. Any legal remedy available may be used to collect these charges. Additional default remedies are reserved by Auction Solutions, LLC and the Seller as provided in the Auction Terms and Conditions and the Contract for Sale of Real Estate. Auction Solutions LLC reserves the right to sell to the second highest bidder in the event the successful high bidder does not comply with the terms of the sale
AUCTIONEER'S NOTE: All information contained on the website, advertising, and all related materials should be verified by all interested parties. All interested bidders are responsible for conducting their own independent inspections and tests.
DISCLAIMER: Information contained herein was obtained from sources deemed to be reliable. However, neither the auctioneers, agents, nor the Seller shall be responsible for any errors or omissions herein. Announcements made the day of the sale shall take precedence over any prior advertising or other information.
ADDITIONAL TERMS: Buyer will pay $150.00 to English Law Group for the preliminary title exam and Closing to Be Held at English Law Group.
Any dispute between Auction Solutions LLC Inc its Agents, or Representatives and the Buyer(s) will be tried in a court of jurisdiction in Jefferson County, Kentucky. By bidding on the property, buyer agrees to all terms and conditions set forth.
Purchase Agreement, Demand Note, Lead Base Paint & Disclaimer Notice will all be required to sign upon conclusion of the auction. These documents will be emailed for electronic signing. Please email auctionsolutionsllc@gmail.com for a copy of these agreements.
FOR MORE INFORMATION AND QUESTIONS, YOU MAY CONTACT AUCTION SOLUTIONS LLC AT (502) 383-2084
