🏡 Poston Estate Auction: A Beautiful Brick Home w/ Garages & A Lifetime Collection of Classic Car Treasures! 🚗
📆 Bidding Ends: Monday, October 23rd, 2023 at 6:00PM
📍 299 Grand Loop Drive, Mount Washington, KY
Ford Brothers is thrilled to present the exclusive Poston Estate Auction, featuring not only a stunning family home but also an array of classic cars, parts, engines, memorabilia, and personal property from the esteemed James & Ruth Poston.
🏡 Discover the Poston Estate Home:
Discover a meticulously maintained brick house boasting 3 bedrooms, 2 bathrooms, and a cozy stone gas fireplace in the living room. The eat-in kitchen shines with modern stainless-style appliances. The master bathroom boasts a walk-in closet and a spacious bathroom with a tub and shower. As you step onto the front porch, you'll be captivated by the picturesque yard adorned with lush mature trees. The property also includes a detached car garage, a versatile small garage/shed, and a spacious garage/shop measuring approximately 36 feet by 75 feet. Originally designed for classic car enthusiasts, this expansive space is a versatile canvas that can be tailored to accommodate various small-business trades, including plumbing, electrical work, concrete finishing, and more.
🌆 Prime Location, Boundless Opportunities:
Nestled in the heart of scenic Mount Washington, KY, this property offers the perfect blend of rural tranquility and urban convenience. Located just minutes away from vibrant Louisville, KY, this prime location caters to your every need. Notably, Bullitt County's flexible zoning allows you to mold this property to your vision, making it a truly attainable investment. This property has the potential to become your dream home, offering versatile garage spaces with limitless possibilities.
🚗 A Collector's Dream:
James & Ruth Poston's lifelong passion for cars and collectibles is on full display in this absolute online auction. You'll have the chance to bid on a stunning array of classic car bodies, frames, and parts dating back to the late 1920s and early 1930s. But that's just the beginning! Our auction also features a treasure trove of tools, car parts, engines, vintage license plates, vintage signs, and Ford memorabilia that will make any collector's heart race. And for those seeking more than automotive treasures, there's an assortment of glassware, furniture, a zero-turn mower, a trailer, and a whole lot more to explore.
Don't miss the chance to own a piece of automotive history or a beautiful home in the majestic Mount Washington area at this one-of-a-kind online auction event; bid now to make these exceptional items yours!
Buyer's Premium: There will be a 10% Buyer’s Premium added to the winning bid to determine the final sale price.
Ford Brothers, Inc. Real Estate Online Auctions are timed events and all bidding will close at specified time. Ford Brothers, Inc. Real Estate Online Auctions also have an auto extend feature. If a bid is placed in the final 5 minutes of an auction, the auction ending will be automatically extended 5 minutes from the time the bid was placed. Example: if an auction scheduled to close at 6:00 receives a bid at 5:59, the close time will automatically extend 6:05.The auto extend feature remains active until no further bids are received within a 5 minute time frame.
SERVER & SOFTWARE TECHNICAL ISSUES: In the event there are technical difficulties related to the server, software or any other online auction-related technologies, Ford Brothers, Inc. reserves the right to extend bidding, continue the bidding, or close the bidding. NEITHER THE COMPANY PROVIDING THE SOFTWARE nor FORD BROTHERS, INC. SHALL BE HELD RESPONSIBLE FOR A MISSED BID OR THE FAILURE OF THE SOFTWARE TO FUNCTION PROPERLY FOR ANY REASON. Email notifications will be sent to registered bidders with updated information as deemed necessary by Ford Brothers, Inc.
REAL ESTATE TERMS: 20% of the total sale price down as a non refundable earnest money in the form of a certified check, cash or wire transfer within 48 hours of the close of auction. We do not accept a credit card for down payment. The balance of purchase price is due at closing, said closing to be within 30 days of close of bidding. Purchaser shall be responsible for all wire transfer fees. Closing will be as specified in the Contract for Sale of Real Estate.
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 Contract for Sale of Real Estate.
GOOD INSURABLE GENERAL WARRANTY DEED AT CLOSING.
BUYER’S PREMIUM: There will be a buyer’s premium of 10% added to the bid price to arrive at final purchase price. Example: Bid Price $100,000 plus $10,000 (10% buyer’s Fee) equals purchase price of $110,000.
AUCTION BIDDER DEFAULT: Successful bidder not executing and returning the contract with earnest money deposit within 48 hours of the conclusion of the auction will be considered in default. In the event a winning bidder fails to submit the signed Contract for Sale of Real Estate and 20% earnest money deposit, the winning bidder will be charged a penalty fee of $5,000.00 on the credit card provided at auction registration. Additional default remedies are reserved by Ford Brothers, Inc. and the Seller as provided in the Auction Terms and Conditions and the Contract for Sale of Real Estate. Ford Brothers, Inc. reserves the right to sell to the second-highest bidder in the event the successful high bidder does not comply with the terms of the sale.
Any dispute between Ford Brothers, Inc, its Agents or Representatives and the Buyer(s) will be tried in a court of jurisdiction in Bullitt County, Kentucky. By bidding on the property, buyer agrees to all terms and conditions set forth.
Acceptance of Bid Prices: Successful bidder(s) will be required to enter into a purchase agreement immediately following the close of the auction. Ford Brothers, Inc. will e-mail documents to be executed and said documents should be faxed or e-mailed back to Ford Brothers, Inc. within 48 hours of the end of the auction. Successful bidders not executing and returning contracts with earnest money deposit within 48 hours will be considered in default. Any and all inspections that a buyer may want must be done at buyer’s expense prior to the close of the online bidding. Ford Brothers, Inc.'s Agents, Representatives or Employees may bid.
Real Estate Taxes and Closing Cost: All real estate taxes will be prorated for 2023. The purchaser will pay all other closing costs associated with the purchaser’s side of the sale, including local and state recording fees and any cost associated with the purchaser’s loan. The seller will pay for deed preparation and deed tax.
Bidder Verification: The identity of all bidders will be verified, bidding rights are provisional, and if complete verification is not possible, Ford Brothers, Inc. will reject the registration, and bidding activity will be terminated. The Seller and Ford Brothers, Inc. reserve the right to preclude any person from bidding if there is any question as to the person’s credentials, fitness, etc. Bidders agree to keep their username and password confidential as they are responsible for ANY and ALL activity involving their account. When using the web site you must obey any and all local state and federal laws. Violations will result in termination of web site use privileges.
Agency: Ford Brothers, Inc.' Agents and Representatives are agents of the Seller. Buyer and or Bidder agrees to hold harmless and indemnify Ford Brothers, Inc. and its Agents and its Representatives from any and all claims, damages or suits including but not limited to awards, judgments, costs, fees, etc.
NEW DATA, CORRECTIONS, AND CHANGES: Please check for updated information prior to scheduled auction time to inspect any changes, corrections, or additions to the property information. Disclaimer & Absence of Warranties: All information contained in this information packet and all related materials are subject to the terms and conditions outlined in the Contract for Sale of Real Estate agreement. The property is being sold on an “AS IS, WHERE IS” basis, and no warranty or representation either expressed or implied, concerning the property is made by the Seller or Ford Brothers, Inc. Agents or Representatives. All sketches and dimensions in the brochure are approximate. Each potential bidder is responsible for conducting his or her own independent inspections, investigations, inquiries, and due diligence concerning the property. The information contained in the brochure and on the website is subject to verification by all parties relying on it. No liability for its accuracy, errors, or omissions is assumed by the Seller, Ford Brothers, Inc., Agents or Representatives. Conduct of the auction and increments of bidding are at the direction and discretion of the Auctioneer. All decisions of Ford Brothers, Inc. are final. Any dispute between Ford Brothers, Inc., its Agents or Representatives and the Buyer(s) will be tried in a court of jurisdiction in Bullitt County, Kentucky. By bidding on the property, buyer agrees to all terms and conditions set forth.
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 property is selling in its ‘as-is’ condition with no warranties expressed or implied.
For additional information, contact Ford Brothers, Inc. Auctioneers at 606-679-2212.
Matt Ford, Auctioneer - Owner/Broker
Tyler Mounce, Auctioneer