AUCTION * AUCTION * AUCTION SATURDAY, OCTOBER 26, 2019, 10:30 AM 309 WALNUT STREET, MAYSVILLE, KY- Having inherited her mother's home next door and moving into it to take care of her brother, and not needing to keep up two homes, OWNER - MARGARET CORD has authorized the sale of her home at Public Auction. Margaret acquired the property in 1999, a one story home which Margaret remodeled and renovated throughout at that time, gutting it and adding on to it so as to provide for 3 bdrms., one bath, living room, small den, kitchen, and laundry room, with closets, lots of storage, adding central heat (gas furnace) and central air, and installing a breaker box! Home is in very good condition, SUITED TO OWNER OCCUPANCY, but CHEAP ENOUGH FOR RENTAL! You buy and decide!NOTE: The seller has authorized the agent to disclose the reserve in advertising. The reserve shall be the sum of $30,000. Provided the bid is at least $30,000, the property shall be sold to the highest and best bidder who's offer exceeds $30,000. NO BUYER'S PREMIUM! AuctionConductedBy CRAIG A. STANFIELD REAL ESTATE &AUCTIONSERVICES Craig A. Stanfield Real Estate Broker & Auctioneer Phone (606) 301-3350 or (606) 798-2009Member KY Auctioneers Association;2003 KY State Champion Auctioneer Equal Housing Opportunity Real Estate Broker & Auctioneer LEGAL DESCRIPTION: REAL ESTATE: 309 WALNUT STREET, MAYSVILLE, MASON CO., KY 41056 being the same property conveyed to Margaret Cord by deed of James E. Clarkson as Executor of the Estate of Catherine Mefford by deed dated the 27th day of July, 1999, said deed recorded in Deed Book 281 page 123 Mason County Court Records and consisting of a lot that fronts 32 feet on Walnut Street and extends in depth an equal width 66 feet 7 inches (dimensions 32' x 66' 7" equals a lot 32' x 66.5833', or 2,130.6656 sq. ft., or .0489 acres, more or less). The legal description to the real estate is as follows: A certain lot or parcel of ground lying and being on Walnut Street in the Sixth Ward of the City of Maysville, Mason County, Kentucky, between Third Street and Forest Avenue, and beginning at a point on Walnut Street, corner to Huffman; thence North with Walnut Street 32 feet to Corner with Everman; thence West with Everman (formerly Nicholas) line 66 feet 7 inches to a point; thence South 32 feet to Huffman's line; thence with Huffman's line 66 feet 7 inches to the beginning. This being part of Lots Nos. 134 and 135 on the plat of East Maysville, being 309 Walnut Street. LOCATION: The property is located on the west side of Walnut Street. Signs posted. TERMS & CONDITIONS OF PURCHASE: The Property is to be Sold upon the following Terms/Conditions: TERMS OF PURCHASE, REAL ESTATE: Property sold at PUBLIC AUCTION (with reserve, subject to seller confirmation, not an Absolute Auction). NOTE: The seller has authorized the agent to disclose the reserve in advertising. The reserve shall be the sum of $30,000. Provided the bid is at least $30,000, the property shall be sold to the highest and best bidder who's offer exceeds $30,000. Purchaser(s) of real estate to place a NON-REFUNDABLE deposit (cash or good check) equal to 10 percent of the total purchase price with contract immediately following sale, with balance due in full with deed at closing on or before the 26th day of November, 2019. Terms of purchase are Cash to Seller: NO CONTINGENCIES OF ANY KIND PERMITTED. Possession with deed at closing. Sellers to maintain insurance on the property through date of closing (including liability as agent/auctioneer is not responsible for accidents); however successful purchaser will have an inherent and thus an insurable interest in the property as of date of sale and is encouraged to obtain insurance immediately upon sale as purchaser will assume risk of loss from under-insurance, lack of insurance, or in the event or case of fire or other disaster. Year 2019 real estate taxes to be payable by the purchaser (NO PRORATION), however any prior years taxes not current and paid shall be payable by the seller. Prospective purchasers are encouraged and advised to inspect the property thoroughly prior to sale as REAL ESTATE SOLD AS IS WITHOUT WARRANTY WHATSOEVER -- INCLUDING WITH REGARD TO FITNESS/MERCHANTABILITY/MARKETABILITY/ DESIRABILITY FOR ANY USE, EITHER EXPRESSED OR IMPLIED. Purchased subject to zoning, right of ways for streets and utilities, local ordinances and restrictions. Further the property shall be purchased by the existing legal description(s), by the boundary and not by the acre, subject to any facts that may be disclosed by an accurate survey --- however sellers are not responsible for providing for any surveys of the subject property. The home on the subject property was constructed prior to 1978. Therefore Lead-Based could potentially be in evidence. Purchasers concerned about the possible presence of lead-based paint are encouraged to arrange and conduct --- at the prospective purchasers sole expense --- any inspections for the presence of Lead-Based Paint they so desire prior to purchase, as purchaser will be required to waive the rights to any contingency relative to any future testing or presence of Lead-Based Paint as a condition of purchase. Purchasers must have performed any and all due diligence inspections of the property prior to purchase, at purchasers sole expense --- including but not limited to: Whole House Inspection, Wood-Boring Insect Inspection, Radon Gas Inspection, Lead-Based Paint Presence, Phase I/II/III environmental hazard reports/ surveys, property surveys, appraisal, etc. --- as purchaser will not be permitted any contingencies for any type of testing or results thereof determined after the auction. Contact agent/auctioneer prior to the auction to arrange inspection/testing. Announcements made date of sale take precedence over printed matter. Payment of down payment for real estate required to be paid to the agent/auctioneer immediately upon conclusion of sale, at SALE SITE, NO EXCEPTIONS. NOTE: Any returned checks shall be subject to a $50 returned check fee (plus expenses of collection), a 10 percent penalty, shall be subject to interest and other expenses to the limit the law permits, and checks will be turned over for prosecution. The AGENT/AUCTIONEER, as well as staff or employees of agent/auctioneer, reserves the right to bid on any property sold, however subject to the same terms and conditions as that of any other bidder. NO BUYERS PREMIUM!
Property is conveniently located north of Forest Avenue on the west side of Walnut Street between the intersections of Reynolds Drive and East Third Street. SIGNS POSTED!