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12,863+/- sf Hurstbourne Home
8918 Cromwell Hill Road, Louisville, KY 40222

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DESCRIPTION
TERMS OF SALE
DISCLOSURES

TRUSTEE AUCTION

View property video.
12,863+/- sf Hurstbourne home with 6 bedrooms, 8 full and 2 half baths. Leaded glass front doors open to large entry with chandelier and dual stairways. Living room has two-story wall of windows with three sets of French doors, elaborate tray ceiling, fireplace, built-in book shelves and full wet bar.

Formal dining room has chandelier, custom wall and crown molding, fireplace and dual French doors on each end.Large kitchen has island with canopy, inlay floors, crown molding and is overlooked by second-story walkway. Breakfast room opens to sunroom/rotunda with vaulted ceiling and inlay floor.

Master suite has sitting room, fireplace, dual vanities in bathroom with sunken tub. Den/study has two walls of built in shelves, custom stained glass ceiling and exterior access. Fitness room has mirrored walls and hot tub.

Breezeway links main home to guest apartment over the garage. Includes a porte cochere, tennis court, pool and pool house. Built in 1989 on an approx 1.23ac corner lot in Jefferson School District & Hurstbourne Country Club. PropertyID: 340904

If you plan to bid online for real estate through Auction Network you must place a bid deposit of $2,500 with Williams & Williams. Your bid deposit must be received via wire transfer by 12pm CDT one day prior to the sale. You will not be permitted to bid online if your bid deposit is not received prior to this deadline. Please contact Lee Ann Brown at 918.362.6764 to make wiring arrangements.

Auctioned:
4:00 PM EDT Tuesday, June 30, 2015

Auction Location:
On-Site and Live Online

Open to the Public:
1-4pm Sun June 14, 21 and 2 hours before auction.

Note: A Buyer's Premium (Buyer's Fee in WI) will apply for this property. Please see Terms of Sale for details.

Legal Description:
TRACT B-1 AS SHOWN ON THE PLAT ATTACHED TO THE INSTRUMENT DATED JULY 18, 1979, AND RECORDED IN DEED BOOK 5105, PAGE 666, IN THE OFFICE OF THE CLERK OF JEFFERSON COUNTY, KENTUCKY, AND BEING ALL OF LOT 525 AND A PART OF THE EASTERLY PORTION OF LOT 524, HURSTBOURNE, SECTION NUMBER 2-B, AS SHOWN ON PLAT OF SAME RECORDED IN PLAT AND SUBDIVISION BOOK 26, PAGE 37, IN SAID CLERK'S OFFICE. BEING TRACT C AS SHOWN ON THE AMENDED MINOR SUBDIVISION PLAT ATTACHED TO DEED BOOK 6181, PAGE 254, IN THE OFFICE OF THE CLERK OF JEFFERSON COUNTY, KENTUCKY, AND BEING A PART OF THE EASTERLY PORTION OF LOT 524, HURSTBOURNE SECTION NUMBER 2-B AS SHOWN ON PLAT OF SAME RECORDED IN PLAT AND SUBDIVISION BOOK 26, PAGE 37, IN THE OFFICE OF THE CLERK OF THE COUNTY COURT OF JEFFERSON COUNTY, KENTUCKY. SAID AMENDED MINOR SUBDIVISION PLAT HAVING BEEN APPROVED BY THE LOUISVILLE AND JEFFERSON COUNTY PLANNING COMMISSION ON FEBRUARY 28, 1992, BEARING DOCKET NO. 33-92. BEING ALL OF THAT CERTAIN PROPERTY CONVEYED TO CHRISTINE S COLLINS, AS TRUSTEE OF THE WILLIAM H COLLINS QUALIFIED PERSONAL RESIDENCE TRUST DATED APRIL 3, 2000, AND WILLIAM H COLLINS, AS TRUSTEE OF THE CHRISTINE S COLLINS QUALIFIED PERSONAL RESIDENCE TRUST DATED APRIL 3, 2000, AS TENANTS IN COMMON, AS THEIR INTEREST MAY APPEAR FROM WILLIAM H COLLINS, AND CHRISTINE S COLLINS, HIS WIFE BY DEED DATED 04/03/2000 AND RECORDED 07/13/2000 IN BOOK 07478, PAGE 0820 IN THE LAND RECORDS OF JEFFERSON COUNTY, KY.

Disclosures:
Smoke/CO2 Alarm Inspections. Neither Seller nor Williams & Williams make any assertions to the compliance standards of smoke and/or co2 detectors regarding the Property, and Buyer accepts responsibility for all required inspections, fees, and/or remediation.

BUYER ACKNOWLEDGES RECEIPT OF SELLER DISCLOSURE OF PROPERTY CONDITION, AGENCY DISCLOSURE STATEMENT, AND LEAD BASED PAINT DISCLOSURE.

Personal Property Not Included. Only title to the real estate is being conveyed. However, Slate roofing material located in the basement will remain with the property and shall become the property of the Buyer at closing. Other Personal property may be present, but is not included in the auction. Removal of personal property remaining on site at the time of closing is the responsibility of the Buyer.

Auction Network Terms & Conditions of Service

Auction Network, LLC
Terms & Conditions of Service

All properties are offered for auction by Williams & Williams Marketing Services, Inc. ("Williams & Williams"). Williams & Williams serves as the auctioneer and represents the owner of the property at auction. Any questions regarding the auction process or a property should be directed to Williams & Williams or its designated representative. Auction Network, LLC ("Auction Network") serves solely as the online bidding service (the "Service") provider for Williams & Williams. Your use of the Service is governed by these Auction Network Terms & Conditions of Service and the Auction Network Terms of Use located at the following URL: <https://www.auctionnetwork.com/terms-of-use,> as amended from time-to-time by posted notices or oral announcements made during any auction.

Auction and Sale Are Subject to Binding Terms & Conditions. You are registering to bid on the properties selected during the registration process, and your bid and the sale of the property are governed by the property specific Williams & Williams Contract for Sale, including all addenda, amendments, exhibits, disclosures (written and announced), and other documents attached thereto (together, the "Contract for Sale"), and the Sale Day Notes, Terms & Conditions of Sale, and Terms of Sale. Each of these documents are available for your review at the Williams & Williams property specific web page. DO NOT BID UNLESS AND UNTIL YOU REVIEW THESE DOCUMENTS. BY PLACING YOUR BID, YOU AGREE TO BE BOUND BY THE CONTRACT FOR SALE, DISCLOSURES, SALE DAY NOTES, AND THE WILLIAMS & WILLIAMS TERMS & CONDITIONS OF SALE AND TERMS OF SALE. In the event of any conflict between Auction Network's Terms & Conditions of Service and the Williams & Williams Terms & Conditions of Sale and Terms of Sale, the Williams & Williams Terms & Conditions of Sale and Terms of Sale shall control in each instance.

No Warranty or Guarantee. Auction Network has no authority to, and does not provide any, guarantee, warranty, or covenant, of any kind or nature, regarding a property. Per the Williams & Williams Terms & Conditions of Sale and Terms of Sale, all properties auctioned are sold "AS-IS, WHEREIS" without any representation or warranty, express or implied, of any kind by Williams & Williams, Auction Network, or the seller and there are no financing, inspection or other contingencies to sale. Buyers must conduct their own due diligence and investigation of each property to determine the suitability of each property prior to submitting a bid. Buyers must rely solely upon their own investigation and not any information provided by the Seller or Williams & Williams. Failure of a Buyer to be fully informed on the condition of a property will not constitute grounds for a claim adjustment or cancellation of a sale. Neither Auction Network nor Williams & Williams assumes any risk, liability or responsibility for the authenticity of the authorship of any property or livestock offered at auction (that is, the identity of the creator or the period, culture, source or origin, or lineage, as the case may be, with which the creation of any property is identified).

Cancellation; Liquidated Damages. If the high bidder breaches any portion of these Terms & Conditions, the auction Terms of Sale, or the Contract for Sale and/or fails to return executed copies of all required documents or the required down payment, the bidder's high bid offer shall be rejected by the seller and all rights to purchase the property, if any, shall terminate with the seller having the right to offer for sale or sell the property to another without limitation, and the bidder shall pay Williams & Williams liquidated damages in an amount equal to the bid deposit held on bidder's credit card at the time of registration (regardless of whether the bidder actually processed the bid deposit). The bidder hereby authorizes Williams & Williams to charge the credit card used to register for the Event in the amount of the hold to satisfy all or part of the liquidated damages owed to Williams & Williams by bidder. BIDDER AGREES THAT IT IS EXTREMELY DIFFICULT OR IMPOSSIBLE OR IMPRACTICAL TO ACCURATELY ESTIMATE THE AMOUNT OR EXTENT OF WILLIAMS & WILLIAMS' ACTUAL INJURY OR DAMAGE RESULTING FROM A MATERIAL BREACH OF THIS AGREEMENT BY THE BIDDER AND BASED ON THE UNCERTAINTY OF SUCH ESTIMATION, THE BIDDER AGREES THAT LIQUIDATED DAMAGES IDENTIFIED HEREIN ARE A PROPER REMEDY FOR BIDDER'S MATERIAL BREACH OF THIS AGREEMENT. THE BIDDER FURTHER AGREES THAT THE LIQUIDATED DAMAGES AMOUNT SET FORTH HEREIN CONSTITUTES A REASONABLE AND SATISFACTORY PRE-BREACH ESTIMATION OF EACH PARTY'S DAMAGES, AND SHALL NOT IN ANY WAY BE CONSIDERED A PENALTY OR FORFEITURE.

Auctioneer Powers. The auctioneer has the right at his or her absolute and sole discretion to refuse any bid, to advance the bidding in such a manner as he or she may decide, to withdraw or divide any lot, to combine any two or more lots and, in the case of error or dispute, and whether during or after the sale, to determine the successful bidder, to continue the bidding, to cancel the sale or to reoffer and resell the item in dispute. If any dispute arises after the sale, our sale record is conclusive. Any property may be withdrawn by Auction Network or Williams & Williams at any time before the actual sale without any liability therefore. If the auctioneer determines that any opening bid is not commensurate with the value of the article offered, he or she may reject the same and withdraw the article from sale, and if, having acknowledged an opening bid, he or she decides that any advance thereafter is insufficient, he or she may reject such advance.

Governing Law. These Auction Network Terms & Conditions of Service, Terms & Conditions of Use, Williams & Williams' Terms & Conditions of Sale and Terms of Sale, as well as the online buyer's rights and obligations hereunder, shall be governed by and construed and enforced in accordance with the laws of the State of Oklahoma. By bidding at this auction, whether in person or by agent, order bid, telephone, online, or other means, the buyer shall be deemed to have consented to the exclusive jurisdiction of the state and federal courts sitting in the State of Oklahoma.

Internet & Network Disclaimer. Auction Network, Williams & Williams, and the Seller are not responsible for technical difficulties during online or remote bidding. Occasionally, the Auction Network online bidding interface may be unable to submit bids in the live auction due technical difficulties including, without limitation, the lack of sufficient communication infrastructure at the location of the live auction. Online bidders are advised to place an absentee bid at least 1 day prior to the live auction to ensure their bid is entered into the live auction on the online bidder's behalf.

Williams & Williams Terms & Conditions of Auction

8918 Cromwell Hill Road, Louisville, KY 40222

Registration at the auction confirms your agreement to the terms and conditions of sale as stated in the Contract for Sale and its Addenda (the 'Contract') which are incorporated by reference into your bidding. DO NOT BID unless you have registered, received a Bidder's Card and Auction Day Notes and have read and agreed to be bound by the terms of sale in the Contract as they are enforceable against you upon becoming a high bidder.

All properties are sold "AS IS, WHERE IS" with no financing, inspection or other contingencies to sale. Williams & Williams represents the Sellers only and does not inspect properties on bidder's behalf. Read the Contract and Auction Day Notes to determine the existence of any disclosures, exclusions, representations and disclaimers. Do not bid if you have not inspected the property(s). By bidding you agree to all disclosures.

Buyers receive a deed and Title Insurance Policy as provided by the Closer indicated in the Contract (any mobile/manufactured housing not legally affixed to the property shall only be conveyed by a Hold Harmless Agreement or Quit Claim Bill of Sale unless otherwise noted in the Disclosures). Current year's taxes are pro-rated through day of closing as is customary.

If you plan to bid online for real estate through Auction Network you must place a bid deposit of $2,500 with Williams & Williams. Your bid deposit must be received via wire transfer by 12pm CDT one day prior to the sale. You will not be permitted to bid online if your bid deposit is not received prior to this deadline. Please contact Lee Ann Brown at 918.362.6764 to make wiring arrangements.

An Auction Services Fee of $3,000 OR a Buyer's Premium (Buyer's Fee in WI) of 5% ($2,500 minimum) will be added to the high bid and included in the total purchase price. Please see the Auction Day Notes, The Contract for Sale, and/or the Auctioneer for specifics about the property you wish to bid on.

Each high bidder must make a 10% non-refundable deposit per property immediately following auction. Cash, cashier's checks, personal checks and business checks (electronically processed) are accepted. If you are a resident / citizen of a country outside of the US, certified funds (bank check, wire transfer, certified checks) are required for the down payment and closing. The balance of the purchase price and all closing costs are due at closing. Closing costs generally total approximately $1,500 and include title exam, title policy, closing fee, filing costs and any other fees noted.

Bidding starts at the nominal Opening Bid(s) indicated and is open to the public. The Auctioneer reserves the right to group, add to, delete, withdraw, consolidate or break down lots and/or quantities offered, to sell out of scheduled sequence, to reject any bid which is only a fraction advance over the preceding bid, to regulate bidding, to accept or reject any or all bids, and to cancel or re-schedule an auction. The Auctioneer will call the sale and control any increments of bidding. To make a bid, raise your hand or Bid Card to be recognized. The bidding usually takes less than 3 minutes for each property. Absentee bids may be accepted at the discretion of the Auctioneer. The Auctioneer reserves the right to enter bids on behalf of absentee bidders. Any mistakes during bidding as to who has the high bid and/or at what price may be called to the Auctioneer's attention and corrected. The Auctioneer is the sole arbiter and controller of the conduct of the auction and shall be the final and absolute authority without liability to any party.

Your inspection of the property(ies) and attendance at this auction are at your own risk. Broker and Seller, their agents and employees, expressly disclaim any "invitee" relationship and shall not be liable to any person for damage to their person or property while in, on or about these properties, nor shall they be liable for any defects, dangers or conditions on the property(ies). All persons enter the property(ies) and attend the auction at their own risk and shall defend, indemnify, and save harmless Broker and Seller, their agents and employees, from any and all liability attendant thereto.

All auctions are subject to court or seller approval. Most sales are approved within 14 days. Buyers are not allowed possession until Closing and filing of the deed, at which time the property should be re-keyed. If for any reason the court or Seller approval is not granted, the Down Payment shall be returned in its entirety to the high bidder. "Showing" requests from Buyers after the auction may not be able to be accommodated.

If more than one property is being auctioned, the Auctioneer may choose to offer a group of the properties for auction at the same time. This is called "BUYER'S CHOICE" and is to accommodate buyers who have an interest in more than one property and/or have 2nd and 3rd choices if they are out bid for a favorite property. Upon winning the bid, please choose which property, or properties, you want. You pay the high bid price for each property selected. Each sale is final and stands alone. Remaining properties are then offered in another round of bidding. Anyone may bid at any time, including prior High Bidders.

Williams & Williams and the Seller expressly disclaim any liability for errors, omissions or changes regarding any information provided for these sales. Please read the Contract and Auction Day Notes for a full and complete understanding of Williams & Williams and Seller's disclaimers. Bidders are strongly urged to rely solely upon their own inspections and opinions in preparing to purchase property and are expressly advised to not rely on any representations made by the Seller or their agents and employees. Property information may change without notice and potential purchasers should investigate all data fully before relying upon it.

Property Type:

Single-Family

Bedrooms:

Bathrooms:

Square Footage:

12,863+/- sf

Lot Size:

1.23+/- ac

Year Built:

1989

Property ID:

340904

Property is being offered by: Williams & Williams•2448 E. 81st Street, Suite 2600, Tulsa, OK 74137•800.801.8003

KY Broker: Dean C. Williams, Principal Broker Re Lic 46447
Auctioneer: Eddie Burks Auc Lic P1201

Live On Location

8918 Cromwell Hill Road
Louisville, KY 40222

High Bid:

$2,600,000

High Bidder:

On-site Bidder

Auctioned

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12,863+/- sf Hurstbourne Home 8918 Cromwell Hill Road, Louisville, KY 40222

12,863+/- sf Hurstbourne Home
8918 Cromwell Hill Road, Louisville, KY 40222