Description

Absolute Auction: Diamond in the Rough in Louisville, KY

Property Address: 10763 Tarrytowne Rd, Louisville, KY 40272
Auction Website: LegacyLouisville.com
Auction End Date: April 14th, Starting at 7PM
Viewing: By Appointment - Schedule Today! contact@legacylouisville.com

Property Highlights

• Type: Residential
• Style: Ranch
• Year Built: 1971
• Lot Size: 0.27 Acres
• Total Living Area: 1,205 SqFt
• Bedrooms: 3
• Bathrooms: 1 Full
• Construction: Brick; Frame - Wood
• Cooling/Heating: Needs Installation/Update
• Roof: Shingle
• Foundation: Slab
• Parking: No Garage or Designated Parking
• Fencing: None

Investment Opportunity

Attention investors! Seize the opportunity to own a promising piece of Louisville's real estate. This 3-bedroom, 1-bathroom brick ranch, situated on a generous 0.27-acre corner lot, presents an unmatched chance to invest in a property with vast potential. Although in need of significant repair and modern updates, this home is perfect for those looking to refurbish and revitalize. Transform it into a desirable residence or a profitable rental asset.

Location & Accessibility

Nestled in a cleared, level lot within the peaceful Tarrytowne subdivision, this property boasts easy access to major roads, local amenities, and is part of the Jefferson School District. A prime location that combines convenience with the tranquility of suburban living.

Auction Details

• Opening Bid: $1
• Buyer's Premium: 10% added to the final bid price.
• Online Auction Only: Place your bids at LegacyLouisville.com.
• Auction Runs: March 25th through April 14th.
• Ends: 7:00 pm on April 14th.

House Directions: I-265 South to StoneStreet Rd. Right on Stonestreet Rd. Left on Valley Station Rd. Right onto S. Ridge Dr. Left onto Tarrytowne Rd. 10763 Tarrytowne Rd is on your left.

Don't miss this unique opportunity to turn this diamond in the rough into a shining gem. With its solid foundation and promising attributes, this property awaits those ready to bring their vision to life. Schedule your viewing appointment today and be prepared to bid in this absolute auction – where the highest bidder wins, regardless of price!

For more information, bidding registration, and to schedule a viewing, please visit LegacyLouisville.com or contact Stephen Couch at 502-938-6327. Your investment future in Louisville starts here!

DAVID WILSON PRINCIPAL AUCTIONEER :  265316

Condition

Please note all items are "as-is where-is"

Terms and Conditions

1. The house is sold "as-is".  We will be scheduling showings at contact@legacylouisville.com.  24 hours notice required for non-realtors.  Open House on Sunday November 12th from 2-4pm.

2. There is a 10% buyer's premium added to the final bid to determine the final contract price.

3. There is a 20% down payment due within 48 hours after the auction closes.  Closing within 30 days of the April 14th auction end date.

4. Online bidding is provided as a complimentary service. The Auctioneers, Legacy Home and Estate Services, the Seller, and the Internet and Software Providers make no assurances or warranties regarding the continuous or error-free operation of the online bidding process and/or system, and shall not be liable in the event of any disruption or malfunction.

5. All descriptions, documents, and details provided are thought to be accurate, however, their accuracy is not warranted. It is incumbent upon Bidders to conduct their own due diligence and thoroughly examine the property as well as all pertinent descriptions, documents, and information to ensure their total satisfaction before placing any bids.

6. Engaging in online bidding constitutes a contractual agreement. It is expected that bidders will commit to their submitted offers and ensure the availability of adequate funds to meet their bid obligations within the designated period. Winners of the bids will be promptly notified following the conclusion of the auction.

7. We have a popcorn bidding or "anti-sniping" feature.  This means that any bid that comes within the last three minutes of the auction, the auction will extend.

8. After the auction concludes, the winning bidder will receive a contract via email or direct delivery. This document is required to be signed by the intended purchaser and must be returned to Legacy Home Realtors, either through direct handover or via email, by 7:00 p.m. ET on April 16th 2024. The Auction Purchase Contracts can be examined online prior to bidding. Please note that this agreement is final and is not subject to any conditions regarding appraisal, financing, or inspections.

9. Upon executing the Auction Purchase Contract, the buyer is obligated to provide a non-refundable deposit of 20% of the auction. This initial payment must be secured by no later than 7:00 p.m. ET on Tuesday, April 16th 2024. Acceptable forms of payment for the down payment include cash, an official bank check, a certified check, a personal check in good standing, or a wire transfer, all of which should be made payable to Legacy Home Realtors.

10.  The finalization of the property sale, or closing, must occur on or before May 14th, 2024. At closing, the Buyer(s) are responsible for paying the remainder of the purchase price. Both Buyer(s) and Sellers are required to cover their individual closing costs, in accordance with what is typical and customary within Jefferson County, Kentucky. It is important to note that this purchase agreement is absolute and not subject to any contingencies related to appraisal, financing, or inspections.  The 20% down payment is non-refundable if the winning bidder doesn't close by this date.

Disclaimer: All descriptions, documents, and information related to this auction have been presented in good faith for the convenience and aid of prospective bidders. Such materials are not guaranteed for accuracy, and therefore the Seller, Auctioneer, and Legacy Home and Estate Services and Legacy Home Realtors shall not be held responsible for any inaccuracies found within this information. Prospective purchasers are advised to independently verify or confirm any information deemed critical to their decision to bid before the close of the auction.

Taxes: Real estate taxes that are due and payable within the year of closing will be proportionately divided between Buyer and Seller as of the closing date, as is customary in Jefferson County, Kentucky.

“As-Is” Condition: The property is being sold and purchased in its current "as-is" condition, "with all faults," without any express or implied warranties or guarantees as to its condition, suitability for use, or potential uses, and inclusive of all defects, both visible and hidden. The BUYER acknowledges having had the opportunity to inspect and investigate the property to their satisfaction. The BUYER also acknowledges full understanding and acceptance of the property's condition.  Furthermore, the BUYER affirms that they have reviewed all the information provided on the online bidding platform, including the photos and the secondary link including utilities costs and other documents to their complete satisfaction before bidding. All advertised information, such as square footage, lot dimensions, and provided documents, is believed to be correct but is not guaranteed. Potential buyers are welcome to conduct any inspections they desire before the auction; however, the sale is final and not subject to the results of any inspections post-signing of the Real Estate Purchase Contract.

Penalties: Fraudulent bidding will result in legal consequences, and delinquency in payment will preclude the individual from participating in future auctions with Legacy Home and Estate Services.

Real Estate Information Documents: For details and documents pertaining to the real estate, please refer to the "Documents". 

Broker Participation: Brokers or agents with a client who successfully purchases the real estate may be eligible for a 2.5% participation fee calculated from the final bid amount. Agents must register their client by 1:00 pm on Sunday, April 14th, 2024. The registration form can be accessed under the "Documents" section, by selecting the "Broker Participation Form."  The realtor does not bid on behalf of the client, they provide agency support only.

Auctioneer's Right to Bid: In accordance with KRS330.220(6)(a), with the seller's consent, the auctioneer, broker, agent, and staff members retain the right to place bids. This right also extends to submitting bids on behalf of those who lack online access.

Questions: Inquiries about the property should be directed to David Wilson (Realtor and Auctioneer) at (502) 500-0374 or Stephen Couch (Legacy Home Realtors Broker) at (502) 938-6327

For questions about the online bidding process or auction mechanics (registration, placing a bid, etc.), please contact Legacy Home and Estate Services at contact@legacylouisville.com