Historic Home at Absolute Live/Online Auction
Friday, March 11th, 2016 at 5:00 p.m.
402 North Main Street- Somerset Ky 42501
Location: Downtown Somerset, located at 402 North Main Street, adjacent to KU.
402 North Main Street is a beautiful historic home in the heart of downtown Somerset. This home was built in 1885 and includes original door knobs and iron railing fencing across the front of the property. There are beautiful chandlers, 6 coal burning fireplaces, formal dining room, eat in kitchen, pantry, formal living room and parlor, 3 bedrooms, 2 bathrooms with a third shower in the laundry/mud room and a powder room off the kitchen. This home has amazing wood floors and trim throughout. The roof was replaced approximately 15 years ago and is a 40 year roof. The boiler for the hot water radiator heating system was replaced approximately 10 years ago and the gas hot water tank was replaced 1 year ago. There are two HVAC units approximately 20 years old. The electrical systems and plumbing were upgraded to code in 1984. The asbestos was removed one year ago from the basement and the certificate is available. This property includes a three car garage, and pox house which can be used for storage. The property was surveyed in 2016.
PREVIEW TIMES: Friday, March 4th and Friday, March 11th from 3:00 p.m. to 5:00 p.m.
TERMS: 20% down the day of the auction with the balance due in full within 30 days.
Note: There will be a 10% buyer’s premium added to the last bid to determine the final sales price.
Auctioneer/Broker/Seller Disclaimer: The information contained herein is believed to be correct to the best of the auctioneer’s knowledge. The information is being provided for the bidder’s convenience and it is the bidder’s responsibility to determine the information contained herein is accurate and complete. The properties are selling in their ‘as-is’ condition with no warranties expressed or implied.
Note: The purchaser of a single-family residence built before 1978 has a period of ten days to inspect the property for the presence of lead based paint. The inspection period is March 2nd, 2016 through March 11th, 2016. The successful bidder must sign a waiver of the 10-day post-inspection period.
Announcements made the day of the auction take precedence over printed matter.
For additional information, contact the auctioneers.