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What is a Dual Bid Auction? A Dual Bid Auction is the combination of a sealed-bid and live auction. The procedure requires participants to bid by sealed bid, with the top 5 bidders given the opportunity to bid openly at the oral auction. Participants receive their sealed bid packages, make their desired inspections, and turn in their sealed bids by the opening date. The top 5 bidders will be immediately notified of the date, time, and location of the live auction—within a few days of opening of the sealed bids. Seller reserve the right to accept the highest Sealed Bid and declare the property Sold. See page 2 for terms & conditions. |
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Mark Potts, Realtor, Red Liberty Realty (c) 216-9023 Rick Wardlow, Auctioneer (o) 502-489-5515 or (c) 502-593-3888 |
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Property Features · Currently zoned R-4 · Rolling to gently rolling topography with pond · Approx. 647 ft. of frontage on S. English Station Rd. · South side of property borders I-64 · Currently has old farm house and barn (uninhabited) in need of extensive rehab. |
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Sealed Bid Deadline: Wed., April 22, 2009 • 6:00 PM EDT |
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Attention Buyers
Reserve bid price of $367,830 (mortgage payoff) is approximately 25% of 2 recent appraisals of $1,600,000. |
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Subject Property |
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ç To Louisville |
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Interstate 64 |
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To Frankfort & Lexington è |