945 Ash St., Louisville, KY 40217

(Germantown area)

Terms and Conditions

Down Payment:  Buyer shall make a  $6,000 down payment by official or good personal check immediately following the auction;

Closing:  On or before July 3, 2008

Buyer’s Premium:  A 10% buyer’s premium to be added to the winning bid to determine final selling price.  

Conditions of Sale: Property is being sold subject to the current lease agreement and Lease to Purchase Agreement with all rights to agreement being conveyed to buyer upon closing of property. Tenant equity payments to be transferred to buyer and rents to be prorated as of date of closing. Title examination of 5/5/08 shows no liens or mortgages and taxes paid current.  Selling “as is” with no other conditions and no contingencies.

Broker Participation:  Broker/agent participation is welcome—pre-registration of clients required prior to auction day. Brokers and agents may click here or call auctioneers for a copy of the registration form.  

Seller reserves the right to accept offers prior to the date of auction.  

Location:  Located 1 block north of Goss Ave., and 2.5 blocks west of Texas Ave. 

Attn: investors

New home with 3 yr. lease purchase agreement

Open Sunday, June 1st, 2-4 PM

Click on the following links to view described document

Lease Agreement                                                          Certificate of Occupancy

Lease to Purchase Agreement                                 Seller   Disclosure of Property Condition

Property Features:  This home features all brand new construction from the ground up including mechanicals and all appliances.  It consist of approx. 1080 sq. ft. with 3 bedrooms, 2 full baths, kitchen with large eat-in dining area, family room, and laundry room.  The master bedroom includes a master bath.  Exterior includes a new wooden front deck, side stairs and fencing around the back yard. 

Lease to Purchase Agreement (LPA):  A 3 year LPA was entered into with current tenants in March 2008. beginning April 18, 2008 and ending April 18, 2011

with an established purchase price of $145,000.  

Terms of said LPA are: tenants paid $4,000 down payment with monthly rent of $850.00, plus at least $200 per month to be paid towards the escrow account.  The tenant’s $4,000 down payment and monthly payments above the rent amount shall go toward the tenant’s down payment on the purchase of the property.  Click on the links below to view actual documents.