This historic property was built in 1836 and is ready for new ownership. In as such we have been commissioned by the owners of this property known as the Old Bridge Inn to offer it to the public for an on-line bidding auction, with a minimum opening bid of $285,000.00. This is an internet only auction with online bidding, bid from the comforts of your office or home. This property located at 131 W. Chestnut offers approximately 3000SF in the main house with a health department approved kitchen, a butler's pantry, 4 bedrooms, 5.5 baths, 2 fireplaces (one operational), sitting room, living room, and a formal dining room. If you need extra space the third floor offers approximately 800SF of space, currently being used as quarters for the owners. Plus the property offers a separate carriage house set up as living quarters offering over 800SF w/1 bedroom and 2 full baths. Currently this property is being operated as a B&B but could be used for many other purposes, i.e. restaurant, office space, antique shop and much more subject to current city ordinances. The current owners want to retire and are now offering this property up for its next owner. The property is located across the street from entrance of the Big Four Station and the Walking Bridge ramp in the heart of Jeffersonville and is only minutes away to downtown Louisville. This beautiful structure is a focal point of Jeffersonville from the Big Four ramp.
There will be no intellectual, business, personal property or furnishings offered as part of this auction. Conveniently located within walking distance of shops, restaurants and the Ohio River. The Falls of the Ohio fossil beds are a short drive from the Inn along the river, as well as the Howard Steamboat Museum. The inn is just minutes away from Downtown Louisville, Churchill Downs, Kentucky Derby Museum, the Yum Center, Papa John's Stadium, Convention Center and the University of Louisville. The Old Bridge Inn is conveniently located in the heart of Jeffersonville's Historic District, seconds to the interstates (I-65, I-64, and I-71) Louisville, KY, This building has not been altered by additions since 1898 and has never been gutted. The Old Bridge Inn is truly historic. While modern conveniences like cable television in every room and wireless internet have been added, the integrity of the building has been maintained and remains unaltered.
This is an internet bidding only auction and the specific terms and condition of sale will be posted at our on-line bidding site. No intellectual, personal property, or furnishings are part of this auction.
General Real Estate Auction Terms: A 10% buyer’s premium will be used to determine the final contract purchase price. There will be a $20,000 non-refundable down payment made payable to the auction company within 24 hours of the conclusion of the internet auction and this must be delivered to 911 E. Court Avenue at which time signing of the purchase contracts will take place. A valid Visa or MasterCard is required to register & bid during the auction, and the bidder must have a minimum availability of the $5000.00 to bid. A cashier’s check from an area servicing bank or financial institution must be presented to the auction company at 911 E. Court Avenue, Jeffersonville, Indiana 47130 within 24 hours of the conclusion of the auction. Balance of the final purchase price must be presented to the sellers at closing within 45 days from the day of contract acceptance. Failure to deliver certified funds for the down payment as specified in the online auction terms will result in a credit card transaction or other appropriate legal actions for the non-refundable down payment. All property taxes due for the May 2016 tax period shall be prorated between the buyer/sellers. This property is being offered to the public and will be sold subject to no contingencies once there has been an accepted purchase agreement between the buyers & sellers. More specific on-line bidding terms may be posted on the website for the online bidding service through www.mcginnisauctions.com. All terms and conditions posted online shall take precedence over all previous announcements. The property will be sold as-is with no warranty, refunds or exchanges. The property will be sold only after exceeding the seller’s undisclosed reserve. It shall be the bidder's responsibility to determine suitability of the property prior to the close of the bidding process. The property will be sold with no contingencies. Lead Based Paint inspection period to begin November 24, 2015. Real estate will be available for inspections or preview beginning November 23 and by appointment only; a public preview period/open house period will be posted online at the auction company website and is tentatively scheduled for November 23, 1 – 5PM & November 5 – 7PM. All real estate related inspections are welcome at buyers expense prior to the close of the auction, but property is being sold as-is. Watch this website for details or updates. A 1.5% cooperating broker’s fee will be offered on this property for the agent representing the successful buyer with prior registration only, no exceptions, and agents must attend all showings & inspections with their respective buyer to be compensated. This property is being offered subject to prior sale, all outside offers will be presented to the sellers through the real estate brokerage firm and if accepted by the seller all online bidding will be terminated and this auction will be cancelled. The Auctioneer and Real Estate Broker are acting as agents only for the seller; the auction company & real estate company staff reserve the right to bid. For additional information or to schedule inspection appointments please call: John McGinnis, CAI, CES, CAGA, at 812-282-7253 concerning auction procedures, all other matters may be directed to Fran Evola, Broker, at 812-288-6080. Selling on behalf of Linda & Robbie Williams, Owners/Sellers. John McGinnis, Indiana Auctioneer's License AU19600081. McGinnis Auction & Appraisal Service, Jeffersonville, Indiana AC30900136 |
