Absolute Online Only Auction – Riverfront Home, Louisville, KY

Let everyday be a “staycation” with this 1700 sq. ft. riverfront home and 2 extra lots on Juniper Beach Rd.

  •   Jun 28 @ 9:45AM EDT (Start)
  •   Jul 22 @ 7:00PM EDT (End)
  •   Add to Calendar
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5455 Juniper Beach Rd., Prospect, KY 40059

Click Here For Full Screen Bidding

Click Here For A Video Walkthrough

Reason for sale: Homes along the river don’t come up for sale that often. Ask the Stebbins family. This property has been in their family for nearly 60 years. However, due to the death of a family member they have decided it’s time to sell the property and let someone else enjoy it. Greg Stebbins said it well, “This property has been in our family for 60 years. Despite the occasional flooding, this home has provided over 3 generations of Stebbins’s family and friends with countless fond memories of family gatherings and celebrations and the plain joy of just living on the river. It’s now time to let someone else have those same opportunities.” They listed the property on the market for a brief time in April and May but to ensure a sale during prime river enjoyment time, they decided to auction the property so that whoever bought it would have time to enjoy it. The listing price at that time was $489,000. This is an Absolute auction and the property will be sold to the highest bidder.

Many folks take a vacation 1 or 2 weeks a year to be near the water - on a lake or a beach. Why not reverse that and be on the water 52 weeks a year. This home would make a great place for year-round living, or a week-end or summer vacation home, or perhaps a corporate residence for current and potential customers and clients, or a vacation rental.

Included with the riverfront home are 2 vacant lots behind the home. The 3 lots combined total almost 1.3 acres. The two lots behind the house come in handy if you need a place to park a boat or to accommodate overflow guest parking if you want to throw a big party.

The first floor of the house is one large room with a kitchenette, bathroom, and bar, ideal for a party room. The upstairs is the living quarters with 2 bedrooms, a bonus room facing the river that was used as a bedroom, a full bath, and open kitchenette and family room. There is also a large 16’ x 36’ deck facing the river. Now all you need is a 2-person swing to put in the front yard and you can let ol’ man river carry those troubles on down the river.

If you’ve lived in Louisville any length of time you know that the Ohio River is prone to occasional flooding including the River Road and Juniper Beach Road areas. People living on the river know it, expect it, and prepare to deal with it. Face it – if it floods you may have 2-3 weeks of negative inconvenience, but then you have 49-50 weeks of positive living. To quote Greg Stebbins, “Our Mother was a saint. When we had to prepare for flooding, she made a party out of it. It’s all about attitude.”


Open House:

Wednesday, July 10th, 5 - 7 pm

Sunday, July 14th, 2 - 4 pm

Sunday, July 21st, 2 - 4 pm   

 

Bidding Ends: Monday, July 22nd, 2019 beginning at 7:00 pm

 

 To view additional disclosure documents please click on the “Documents” tab.

 

For terms and conditions of this auction please click on the “Terms” tab.

10% Buyer’s Premium — $30,000 down payment

 

For questions and assistance please call Wardlow Auctions at (502) 489-5515. 

For questions or assistance about the auction please call

Rick Wardlow at (502) 489-5515 or (502) 593-3888.


Property Details

Lot size: 1.296 acres

Square footage of house: Total livable square footage is approximately 1,700 on two levels consisting of approximately 676 on the first floor and 1,024 on the second floor.

Exterior: Concrete block and frame

PVA assessed value: $309,830

Year built: PVA shows the house being built in 1983. However, one of the brothers said the first floor was built in 1966 and the upstairs was built in 1971.

Zoning: Residential – R4 - Residential

Rooms: A total of 7 rooms including 2 bedrooms, bonus room, and 2 full baths

First floor: Consists of an open room with kitchenette, bar and full bath with the remaining area suitable for tables and chairs or casual living furniture. This room also has tiled floor, concrete block walls, a free standing wood stove and a window unit air conditioner.

Second floor: Consists of 2 bedrooms, a riverside bonus room that was used as a bedroom, full bath, and open area with kitchenette and living room with free standing fireplace. This room also has a wooden vaulted beam ceiling.

Flooring: Tile on the first floor, vinyl in second floor bath and kitchenette and carpet in the rest.

Mechanicals: The HVAC system was installed in 1997 and consists of:

  1. Gas forced air furnace (located in attic above the second floor.
  2. Trane central air conditioning unit located on the rear deck.
  3. Window unit air conditioner located in the 1st floor.

Age of Roof: Approx. 20 years old.

Appliances and Other Personal Property Remaining with the House: The kitchen appliances including refrigerators and electric ranges (range tops only - no oven), on both floors, and the microwave oven on the second floor, are the only items that will remain. All furniture presently in the house, patio furniture on and under the deck, and the items in the garage will be removed by closing.

Parking: The driveway can easily accommodate 4 -5 cars. There is a detached 24’ x 22’ metal garage (built in 1975) with just one drive-in door that can accommodate a car, a boat, jet skis, or a combination if you maneuvered them around.

Dock Access: The property has 3 boat docks in various stages of condition. Presently the water depth at the docks is very shallow and could accommodate only a canoe or kayak. The owners indicated that in the past they have used a nearby dredging service to come in and dredge the area around the docks. The seawall and sidewalk were built in 1997. Owners also indicated that for $150/season you can use the Juniper Beach boat dock for launching your boat.

Links to the Following Real Estate Information Documents

Click here for Real Estate Purchase Contract

Click here for PVA Valuation Report for 5455 Juniper Beach Rd

Click here for PVA Valuation Report for 5406 Juniper Beach Rd

Click here for Title Examination Report

Click here for LOJIC Land Development Report

Click here for LOJIC Plat Map

Click here for Seller’s Disclosure of Property Condition Report

Click here for Broker Participation Form

Click here for Elevation Certificate

Click Here For Full Screen Bidding

Real Estate Terms & Conditions
5455 and 5406 Juniper Beach Rd., Prospect, KY 40059


Questions: Questions regarding the property and/or auction should be directed to Joe Gribbins or 
Rick Wardlow with Wardlow Auctions Inc.


Wardlow Auctions, Inc.
12200 Shelbyville Road Suite 222
Louisville, KY 40243
Office: (502) 489-5515 Fax: (502) 489-5516
Email: office@wardlowauc.com
Auctioneer - Rick Wardlow (502) 593-3888


Inspections: All descriptions and information are believed correct, but are not guaranteed. The 
home is being sold “as is - where is” with no guarantees or warranties.
It is the Bidders 
responsibility to inspect the property and research any and all descriptions and information to 
their complete and full satisfaction prior to bidding. Potential buyers are welcome to get any home 
or other inspections they desire prior to the auction. However, the sale will not be contingent 
upon any inspections, either prior to or after signing of the Auction Purchase Contract.


Bidders are encouraged to attend the following previews/open houses:

•    Wednesday, July 10, from 5-7 pm
•    Sunday, July 14, from 2-4 pm
•    Sunday, July 21, from 2-4 pm


Buyer’s Premium: A 10% buyer’s premium will be added to the winning bid to determine the final 
selling price.
For example, if the closing bid is $300,000, the Buyer's Premium would be $30,000, 
resulting in a final contract selling price of $330,000.

Bidding: Online bidding is to be understood as a binding contract. Bids will be taken with the 
understanding that the bidder will honor their winning bid with sufficient funds in the specified 
time frame. Notification of the winning bid will be made immediately at the auction's close.


Bidding Increments: The bidding increments for this auction are set at $1,000; thus all bids must 
be in increments of at least $1000. The auctioneer reserves the right to adjust the increment 
amount at any time during the auction.

Placing Bids: Online bids can be made using two methods: selecting the green button that says “Bid 
(amount)” or selecting the green button that says “Set Max.”
Bid (Amount):” This button shows the next bid required and allows the bidder to input a single bid 
as in a live auction. For example: if the bid is currently $300,000, the green box will say “Bid 
$301,000.
Set Max” Feature: This feature enables you to set a maximum bid so the computer does your bidding 
without you
having to constantly view, log in, and bid on an item. Setting a maximum online is much like coming 
to a live auction with a preset spending limit in mind. The program will bid for you, in the 
prescribed increments, and only up to your spending limit for the item. For example: the current 
bid is $300,000 with Bidder A having the winning bid. Bidder B wants to place a bid and is willing 
to bid as much as $400,000. If Bidder B places a maximum bid of
$400,000 the bid rises only to $301,000. If Bidder A returns and places a maximum bid of $410,000, 
the program automatically does the bidding in the pre-established increments. In this example the 
bidding will stop at
$401,000 with Bidder A winning because the next bid would be $402,000, which is more than Bidder 
B’s limit.

Maximum bid amounts are kept confidential. Please note that the bid history page will post a 
message if the current high bid has been a result of a Maximum Bid. You can raise a bid or raise 
your maximum bid at any time prior to the close of the auction.

Close of Bidding: Bidding is scheduled to close Monday, July 22, 2019 beginning at 7:00 p.m. 
Eastern Time. All bids/offers should be made through this bidding site and shall be in accordance 
with the Terms and Conditions set forth for this sale.

Extended Ending: The close of bidding will be subject to a extended ending, whereas at the close of 
the auction, any bidding activity will automatically extend the closing for 5 minutes. The bidding 
will continue to remain open as long as there is activity within 5 minutes of the previous bid. If 
there is no bidding activity within another 5 minutes, bidding will then be closed.


Contract Execution: Following the auction, the successful bidder will be emailed, faxed, or 
delivered a contract to be signed by the prospective buyer and returned to Wardlow Auctions by 
personal delivery, email, or fax no later than 2:00 pm EDT, Tuesday, July 23, 2019. A copy of this 
contract is posted on the bidding page and available for review online.

Down Payment: The buyer(s) shall make a non-refundable down payment of $30,000. The down payment 
must be received by Wardlow Auctions Inc. no later than 2:00 PM EDT on Tuesday, July 23, 2019. The 
down payment may
be in the form of an official bank check or wire transfer payable to Wardlow Auctions Inc.

Closing: Closing for the properties must be on or before August 31, 2019. The Buyer shall pay the 
balance of the purchase price at closing. Buyer and Seller shall pay their respective closing costs 
as is common and customary to Jefferson County, Kentucky.

Disclaimer: Any and all documentation provided in preparation for this auction has been obtained 
and forwarded in good faith to potential bidders for their convenience and information only. Such 
information is not warranted and as such the Seller, Auctioneer and Broker shall not be held liable 
for inaccuracies in the information. Potential buyers are encouraged to obtain or verify, before 
the close of bidding, any information they consider critical to their decision to purchase.

Online bidding is offered as a courtesy. The Auctioneer, Broker, Agent, Wardlow Auctions, Inc., 
Seller, and the internet and software providers do not guarantee or warrant the online bidding 
procedure and/or system to operate without interruption or malfunction.

Taxes: All real estate taxes due and payable in the calendar/fiscal year of closing shall be 
prorated between Buyer and Seller as of the date of closing as is common and customary to Jefferson 
County, Kentucky.

No Conditions or Contingencies: The property is being sold and purchased in “as-is” condition, 
“with-all-faults and attributes”, with no guarantees or warranties of any kind as to condition, 
fitness, use, or future use of the property and with all defects, apparent, non-apparent and 
latent. The sale in not contingent upon any factors including, but not limited, to financing, 
appraisal, or inspection. Potential buyers are welcome to get any inspections they desire prior to 
the auction. The sale will not be contingent upon any inspection, either prior to or after signing 
of the Auction Purchase Contract.

Penalties: Any bids found to be fraudulent will result in all appropriate legal action. 
Delinquencies will also prevent the individual from participating in any further auctions conducted 
by Wardlow Auctions, Inc.
Real Estate Information Documents: Click on the “Documents” tab on the bidding page for links to 
various real
estate information documents. All information provided in advertising and otherwise is believed 
correct, but is not guaranteed.

Broker Participation: A Broker or agent whose client is the buyer of the real estate may be 
entitled to a broker participation fee equal to 2% of the final bid price. Agents must register 
their client prior to 5:00 pm on Monday, July 22, 2019. Brokers and agents may obtain the 
registration form by clicking here.


Auctioneer's Right to Bid: In accordance with KRS330.220(6)(a), it is hereby disclosed that, with 
permission from the seller, the auctioneer, broker, agent, and any staff members shall be able to 
place bids on their own behalf or on behalf of bidders who do not have access to a computer.

Registration: Registration is free but does require several important pieces of information. As 
with our live auctions, bidders must be registered with a full name, address, and telephone number. 
An email address is also required so bidders may be sent winning bid notifications. Information 
from either a MasterCard or Visa is to be held on file must be provided in order to authenticate 
the bidder and deter defunct bidding. No charges will be made against the card. Registration may 
only be completed with an acknowledgment that the bidder has read and
understood all terms and conditions for the sale and online bidding.