4022 Woodstone Way (Woodstone Subdivision) off US Hwy. 42 between
Wolf Pen Branch Rd. and Lime Kiln Ln.
It’s hard to know where to start when describing the positive aspects of this home. Let’s start with:
Location – Whether you work downtown or in the east end, the homes proximity to I-265, I-264, and I-71 offers fairly convenient to downtown and east end medical facilities, professional services, shopping and entertainment. The property backs up to Goose Creek offering a natural wooded view and is high enough that it is not in a flood plain.
Condition of home: In 2018 the owners went from good to great when they invested $135,000 in a complete makeover that included new flooring (hardwood, tile, and carpet), new entry door, and a complete kitchen makeover with a Cambria quartz counter tops, and new appliances. (These improvements are not reflected in the current PVA value). Plus the home sits on a 1.07 acre deep wooded lot offering both privacy and natural wooded views.
Savings – Prior to auction, the house was on the market for $775,000. The owners are serious about selling! They have committed to selling the house for the highest bid over $550,000.
Pre-auction ending offers: Sellers reserve the right to entertain and accept offers prior to the end of the auction and thereby cancel the auction.
Open House: Monday, April 8th, 5-7 pm and Sunday, April 14th, 2 - 4 pm or by appointment with realtor.
Bidding Ends: Tuesday, April 16th, 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 $35,000 down payment
This auction is being conducted in cooperation with Jacqueline Klein, Broker/Realtor of Parker Klein Real Estate.
Click here to view the realtor's additional exterior and interior photographs with furnishings.
For questions and assistance about the property please call Jacqueline Klein at (502) 802-6752.
For questions or assistance about the auction please call
Rick Wardlow at (502) 489-5515.
Property Details
Lot size: 1.07 acre
Square footage of house: Total livable square footage is approximately 6,240 on three levels consisting of approximately 2,370 on the first floor 1,670 on the second floor and 2,200 in the mostly finished lower level. There is an additional 200 sq. ft. unfinished in the lower level and a 3 car garage of about 780 sq. ft.
Exterior: Brick and frame
PVA assessed value: $660,900 (this does not reflect the $135,000 of improvements made in 2018).
Year built: 1981 (per PVA)
Zoning: Residential – R1, R6
Rooms: A total of 12 rooms including 4 bedrooms and 4.5 baths
First floor: Great room (with new wood flooring), Eat-in kitchen (with new range and dishwasher and Cambria quartz counter tops, Formal dining room, Living room, Den (with wood paneling, fireplace and bookshelves), Half bath, Large laundry room/pantry, and another room that could serve as a TV room, den or office. Beautiful (est. 4-5 piece) crown dental molding in dining room, living room and Den.
Second floor: Master bedroom and bath (with fireplace, sitting area, balcony, heated bathroom floors), plus 3 bedrooms and 2 full baths.
Lower Level: Family room with wet bar, pool table, new carpet and paint; Florida room with a hot tub overlooking the woods; full bath; another room that is partially mirrored and served as an exercise room; and a large screened in porch.
Flooring: Hardwood, tile and carpet. Hardwood floors on first floor foyer, living room, dining room, kitchen and great room. Tile in baths. LVP (luxury vinyl plank) flooring in 2nd floor master bedroom and part of bath. Carpet in first floor Florida room all 2nd floor bedrooms except the master.
Mechanicals: The home has:
1) 2 central air conditioning units consisting of a Trane (mfg. 10/2006) and a Weather King (mfg. 8/2009).
2) 2 Trane forced air furnaces (mfg. 9/2000 and 9/2006)
3) Small furnace deidcated to the hut tub and changing room
4) Bradford 80 gallon electric hot water heater
Age of Roof: Approx. 8 years old.
Appliances and Other Personal Property Remaining with the House:
1) New stainless steel GE electric range with digital setting controls and power boil burner
2) GE Monogram stainless steel side by side refrigerator
3) KitchenAid stainless steel convection oven
4) GE Sensor microwave oven
5) New GE stainless steel dishwasher (model GCT 655SSJ4SS)
6) Whirlpool Duet front loading washer (in laundry room)
7) Whirlpool Duet steam/sensor dryer (in laundry room)
8) Kenmore side by side refrigerator (in laundry room)
9) Small flat screen TV in screened in porch with bracket
10) Olhausen pool table with ball rack, cue sticks and balls
11) LA Spa hot tub with cover with cover
Parking: Attached 3-car garage with automatic garage doors.
Termite Inspection: Owners have had an ongoing service agreement for 10 years with Terminix for any detection and treatment of termites. The June 2018 revealed no evidence of termites and no treatment recommended. This agreement comes with a guarantee and is transferable to the new owner upon continued maintenance.
HOA: The subdivision has a homeowners association and the annual fee for this property is $432.
Links to the Following Real Estate Information Documents
Click here for Real Estate Purchase Contract
Click here for PVA Valuation Report
Click here for Title Examination Report
Click here for LOJIC Land Development Report
Click here for Square Footage Diagram
Click here for Seller’s Disclosure of Property Condition Report
Real Estate Terms & Conditions
Questions: Questions regarding the property should be directed to Jacqueline Klein, Broker/Realtor at (502) 802-6752. Questions regarding this auction should be directed to Wardlow Auctions, Inc. Any member of our staff would be happy to answer your questions and make this an enjoyable auction experience for you.
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 inspections they desire prior to the auction. However, the sale will not be contingent upon any inspection, either prior to or after signing of the Auction Purchase Contract.
Bidders are encouraged to attend the following previews/Open Houses:
- Monday, April 8, from 5-7 pm
- Sunday, April 14, 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 $600,000, the Buyer's Premium would be $60,000, resulting in a final contract selling price of $660,000.
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 and thus all bids must be in increments of at least $1,000.
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 $550,000, the green box will say “Bid $551,000.
“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 $500,000 with Bidder A having the winning bid. Bidder B wants to place a bid and is willing to bid as much as $600,000. If Bidder B places a maximum bid of $600,000 the bid rises only to $501,000. If Bidder A returns and places a maximum bid of $650,000, the program automatically does the bidding in the pre-established increments. In this example the bidding will stop at $601,000 with Bidder B winning because the next bid would be $602,000, which is more than Bidder A’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 Tuesday, April 16, 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 Parker and Klein Real Estate or Wardlow Auctions by personal delivery, email, or fax no later than 5:00 pm EDT, Wednesday, April 17, 2018. 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 $35,000. The down payment must be received by Parker and Klein Real Estate or Wardlow Auctions Inc. no later than 5:00 PM EDT on Wednesday, April 17, 2018. The down payment may be in the form of an official bank check or wire transfer payable to Parker and Klein Real Estate.
Closing: Closing for the properties must be on or before May 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.
"As-Is” Condition: 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. BUYER hereby acknowledges that they have had the opportunity to inspect and research all aspects of the property to their complete and full satisfaction prior to bidding. All information provided in advertising and otherwise is believed correct, but is not guaranteed. Potential buyers are welcome to get any home 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.
Broker Participation: A Broker or agent whose client is the buyer of the real estate may be entitled to a 2% broker participation fee. Agents must register their client prior to 6:00 pm on April 16, 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 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.
