Important: Please view all provided documents located in the document tab prior to bidding.
Auction Parcel 4: Duplex 7610 & 7630 East Sieveking Drive New Salisbury, IN 47161: Consists of a brick duplex, built approx. 1977, on a nice corner lot. Both units have approximately 648 square feet of living space (per the Assessor’s Office), 1 bedroom, one bathroom, living/dining combo, kitchen and utility closet. The 7610 unit has carpet and tile flooring. The 7630 unit had new vinyl flooring installed in 2023. The units are cooled by central air and heated by forced air electric (Both units have had an updated HVAC unit). Other improvements include public water, separate electric meters, concrete sidewalks and an asphalt parking area. Rental income is a total of $1,324.00 per month. Both units have long term tenants that desire to remain. Appliances are owned by the Seller (landlord). Conditions, stipulations, restrictions, building lines and easements, together with incidental rights, as provided for on the recorded Plat of Sieveking Sub-Division, filed of record on November 16, 1971 as Plat No. 18390 with the office of the Harrison County Recorder. Selling subject to two rental agreements. The new owner will receive landlord possession at closing. Subject to the rights of tenants in possession and unrecorded leases, if any. Subject to Harrison County, IN and / or New Salisbury, IN Planning and Zoning rules, regulations and mandates. The cash consideration (total selling price) listed on the Sales Disclosure Form (SDF) will include the buyers premium. Unit 7610 has a $475.00 security deposit which the buyer will receive as a credit at closing. Unit 7630 has a $699.00 security deposit which the buyer will receive as a credit at closing.
All Auction Parcels are subject to the Auto Extend ALL feature. In Auto extend ALL, if a bid is placed on any Parcel within 5 minutes or less of closing, it will extend the end time of ALL Parcels by an additional 5 minutes. (The computer will add the remaining time of 5 minutes or less and the additional 5 minutes) For Example: 4.32 of time left + the additional 5.00 minutes = 9.32 (9 minutes, 32 seconds). Bidding will remain open on all Parcels until bidding has stopped on ALL Parcels.
CLICK HERE TO VIEW A VIRTUAL TOUR OF THE DUPLEX
ABSOLUTE REAL ESTATE AUCTION
ONLINE BIDDING ONLY ENDS
WEDS., JUNE 18TH @ 4:00 PM EDT
LOCATED IN MEADE, BRECKINRIDGE & JEFFERSON COUNTIES, KENTUCKY and HARRISON COUNTY, INDIANA. See description below for addresses. (Signs will be posted)
BARR REALTY & AUCTION CO., INC. has been selected by Redhead LLC to conduct this online Absolute Real Estate Auction. Auctioneers Mark Barr, Stephen Barr, Jamie Barr, Chris Barr, Dennie Armes, Evan Barr, Apprentice Eric Barr, and Realtor Jacob Henning with offices in Hardinsburg and Brandenburg, KY. Located in Brandenburg & Louisville, Kentucky and New Salisbury, Indiana.
THREE HOMES - DUPLEX - 9 ACRES
Going on the auction block, selling by online bidding only, will be three homes, a duplex and 9 acres of real estate. Parcel 1: 842 Old Ekron Road, Brandenburg, KY: 3 bedroom, 1 ½ bathroom home with approximately 1,121 square feet (per PVA office) and a full finished basement. This home is heated and cooled by a gas furnace and central air, and has Brandenburg city utilities. Parcel 2: 236 Ghen Road Brandenburg, KY: A 1,444 square foot home (per PVA office) with 4 bedrooms, 2 bathrooms, front and back decks, and has public water. Other improvements include a 24 ft. x 24 ft. garage with 16 ft. x 24 ft. attached shed. This home will be unoccupied after June 2, 2025. Parcel 3: 3316 Wizard Ave Louisville, KY: Located across the street from Churchill Downs, the home has approximately 815 square feet (per PVA office), 2 bedrooms and one bathroom, is heated and cooled by electric heat and central air. It is currently rented for $900.00 per month. Occupied by a long term tenant that desires to stay in the home. Parcel 4: Duplex 7610 - 7630 East Sieveking Drive New Salisbury, IN 47161: Consists of a brick duplex on a nice lot. Both units have approximately 648 square feet of living space (per the Assessor’s Office), 1 bedroom, one bathroom, living/dining combo, kitchen, and utility closet. Each unit has an updated central air unit. Rental income is $625.00 and $699.00 for a total of $1,324.00. Both units have long term tenants that desire to remain. Parcel 5: 907 Williams Lane Stephensport, KY 40170: 1.57 acres of open land. Public water and electric is available. Mobile and modular homes are allowed to be placed on this real estate. Parcel 5A: Williams Lane Stephensport, KY 40170: 8.11 acres with approximately 1 acre of open land and the balance wooded. Electric is on the property and public water is available. Mobile and modular homes are allowed to be placed on this real estate.
NOTE: This real estate is being sold in order to complete a Tax Deferred Exchange. The closing must take place on or before July 18, 2025 (No Exceptions).
Redhead LLC, Owner
TERMS & CONDITIONS: REAL ESTATE: A 15% deposit will be required within 48 hours of the auction ending time. Deposit to be made in the form of cash, cashier’s check, personal check with up-to-date bank letter guaranteeing funds, or wire transfer. Balance due by July, 16th 2025, NO EXCEPTIONS. POSSESSION: Landlord possession on occupied properties, date of new deed transfer on vacant properties and land. TAXES: 2025 real estate taxes shall be prorated. BUYERS PREMIUM: A 10% buyer’s premium will be added to all winning bids to determine the final selling price. IMPORTANT NOTICE: All real estate sold as is where is condition with no warranty or guarantee expressed or implied. Although information has been obtained from sources deemed reliable, neither the seller nor the auctioneer makes any warranty or guarantee, expressed or implied, as to the accuracy of the information herein contained. It is for this reason that buyers should avail themselves of the opportunity to inspect prior to the auction. All announcements from the auction block take precedence over any printed material or any oral statements made. Not responsible for accidents.
1. Real Estate Terms and Conditions:
NOTE: If you require any type of government guaranteed loan such as VA, FHA, RHS or KY Housing Corporation, PLEASE DO NOT BID! There are no financing contingencies for homes sold at auction. If you are obtaining financing it is recommended that you use a conventional type loan only. You should speak with your loan officer prior to bidding to ensure that the financing can be completed within the allowed time frame and according to the terms and conditions as shown on the purchase contract agreement and addendum.
2. This online only auction is a cash sale not contingent on or subject to financing, appraisal, survey or inspections of any kind, as agreed to by bidders at registration prior to bidding and specified in the attached Agreement to Purchase Real Estate.
3. A Buyer’s Premium of 10% is added to the high bid. At the close of the auction, the successful Bidder will be emailed an Agreement to Purchase Contract to be executed and returned to Barr Realty & Auction Co., Inc. within Forty-Eight (48) hours. Successful Bidders will make their deposits in the form of cash, cashier’s check, or wire transfer with Barr Realty & Auction Co., Inc. within Forty-Eight (48) hours of the completion of the auction.
4. Purchaser will be responsible for all wire transfers.
5. Per the Contract, time is of the essence; you should proceed to closing within Thirty (30) days. Possession shall be given to the successful Buyer(s) at closing. Any closing fees charged by the buyer(s) lender or closing attorney will be a buyer(s) expense.
6. Successful Bidders not executing and returning their Contract with Earnest Money deposit within 48 hours of the conclusion of the auction will be considered in default. If your closing is delayed for any reason, by you, as purchaser or other parties working on your behalf, including any lender you involve, you may be declared in breach of this contract, forfeit all deposits made and could be additionally liable for any and all costs incurred by Seller and Barr Realty & Auction Co., Inc. incurred in a subsequent resale of the property.
7. Buyer(s) must be prepared to make a cash offer. There are no contingencies to this sale (i.e. financing, appraisal, repairs or inspections). Therefore, you should be pre-qualified by a lender prior to bidding if you require financing. This property is being sold for cash “as is, where is.” with a closing deadline.
8. SERVER & SOFTWARE TECHNICAL ISSUES: In the event there are technical difficulties related to the server, software or any other online auction-related technologies, Barr Realty & Auction Co., Inc. reserves the right to extend bidding, continue the bidding, or close the bidding. Neither the Company providing the software nor Barr Realty & Auction Co., Inc. shall be held responsible for a missed bid or the failure of the software to function properly for any reason.
9. Barr Realty & Auction Co., Inc. reserves the right to remove or cancel the bids and or bidding rights and privileges of any party at any time deemed not to be in the best interest of the seller. The identity of all bidders will be verified, bidding rights are provisional and if complete verification is not possible, Barr Realty & Auction Co., Inc. will reject the registration and bidding activity will be terminated.
10. Barr Realty & Auction Co., Inc. will make its best efforts to accept and submit your bids. However, due to possible equipment malfunctions, lapsed time due to internet connections or bidders not acting quickly enough we do not guarantee that a bid will be received and/or accepted. It is of no benefit to wait to the last second to submit a bid. In the event bidding is active the auto extend feature will automatically extend the time unless we inform you otherwise. It is for this reason that we highly recommend that you submit any and all bids as quickly as you can to ensure that it is received/accepted.
11. Auctioneers and/or a Barr Realty & Auction Company, Inc. representative have the option of reopening the bidding for any item if they deem a computer or electronic malfunction prevented a potential or existing bidder from placing bids. Even though a bidding time may have ended and the computer screen may show the bidding is CLOSED. The auctioneers and/or a Barr Realty & Auction Company, Inc. representative may reopen the bidding at their sole discretion.
12. Barr Realty & Auction Company reserves the right to change a bidder’s user name and/or password at any time for any reason.
13. Buyer acknowledges they are buying property “as is, where is”, without inspections or contingencies, Buyer(s) will rely on his/her own judgment and inspection.
14. Barr Realty & Auction Co., Inc. and their representatives are Exclusive Agents of the Seller(s).
15. Real Estate is sold subject to any and all existing matters of record and all easements building use or zoning laws and regulations.
16. All Barr Realty & Auction Co., Inc. Online Only Real Estate Auctions are timed events that have an auto-extend or auto-extend all feature. Example: Any bid placed on a biddable lot within 5 minutes of the auction ending will automatically extend the lot for 5 minutes from the time the bid is placed. Example: If an auction scheduled to end at 12:00 p.m. and a lot receives a bid at 11:59 a.m., the close time of the auction automatically extends to 12:04 p.m. The auto-extend feature remains active until no further bids are received within the 5 minute time frame. The auto-extend all extend feature extends all lots if a bid is placed on any lot.
17. IMPORTANT NOTICE: Bidders agree to keep their username and password confidential as they are responsible for ANY and ALL activity involving their account.
18. When using the website you must obey any and all local state and federal laws. Violations will result in termination of website use privileges.
19. Auction company employees and/or auction company may bid on auction items.
20. We gather aggregate information from this web site which may include but is not limited to: number of page visitors, most visited pages, any and all correspondence. All property sold “as is where is” condition with no warranty or guarantee expressed or implied. Although information has been obtained from sources deemed to be reliable, neither the seller nor the auctioneer makes any warranty or guarantee, expressed or implied as to the accuracy of the information herein contained. It is for this reason that buyers should avail themselves of the opportunity to make an inspection prior to the auction. All instant announcements from the auction company take precedence over any printed material or any oral statements made. Not responsible for accidents.
21. This is a binding agreement upon the buyer. If the buyer defaults on this agreement, the real estate can be sold again. The buyer will be responsible for paying the monetary difference between the selling prices and all expenses incurred in the resale including but not limited to advertising, promotion, sales fees, closing fees, buyers premiums, attorney fees and court costs.
22. Any and all bidders acknowledge, agree, and accept that Barr Realty & Auction Co., Inc. reserves the right to disclose or not to disclose, at their discretion, the identity of any bidders to other bidders after the completion of any auction.
