Thoroughman Estate Auction

Name: Thoroughman Estate Auction
Start: 2025-10-11T10:30:00-04:00
Location: 320 W. 2ND ST., MAYSVILLE, KY 41056

Schedule

Sat, 11 Oct, 2025 at 10:30 am

UTC-04:00

Location

320 W. 2ND ST., MAYSVILLE, KY 41056 | Maysville, KY

ABSOLUTE AUCTION
SAT. OCT. 11, 2025 10:30 AM
320 W. 2ND ST., MAYSVILLE, KY 41056 OWNER: WM. D. THOROUGHMAN, AUTHORIZED BY HIS DAUGHTER, CHANA THOROUGHMAN, POA
Stately, Historic Two-Story Brick Row House located on the South Side of West Second Street, offering 3 bedrooms, and 2 baths (one on each floor), with two storage buildings located behind the residential structure (not visible from the street), a "fixer-upper" to be sold to the highest and best bidder at ABSOLUTE AUCTION with NO BUYER'S PREMIUM!
LOCATION: 320 WEST SECOND STREET (SOUTH SIDE OF WEST SECOND STREET), MAYSVILLE, MASON CO., KENTUCKY 41056
TERMS OF PURCHASE, REAL ESTATE: The Real Estate will be offered at ABSOLUTE PUBLIC AUCTION, with no reserve, sold to the highest and best bidder at the sale site on the sale date. The seller has been provided a copy of the definition of Absolute Auction as defined by the Kentucky Board of Auctioneers, acknowledges an understanding of the terms thereof, and agrees that the auction shall be conducted to comply with said auction definition/manner of sale, as a “live, in-person, on-site” event. No online bidding provided, although absentee bids are conditionally accepted. In the event that absentee bids are made, absentee bids shall be made on the absentee bidder's behalf in a competitive nature and not necessarily the absentee bidder's highest bid/offer. The Real Estate shall be offered as a cash sale with no contingencies with regards to financing or inspections, with the purchaser to place a non-refundable deposit equal to 10% of the purchase price down on date of sale with balance due in full within 30 days of auction (on or before the 11th day of November, 2025). Terms of purchase are Cash to Seller: NO CONTINGENCIES OF ANY KIND PERMITTED. Possession with deed at closing. Sellers to maintain insurance on property though date of closing (including liability; agent/auctioneer is not responsible for accidents); however successful purchaser will have an inherent and thus an insurable interest in the property as of date of sale and is encouraged to obtain insurance immediately upon sale as purchaser will assume risk of loss from under-insurance, lack of insurance, or in the event of fire or other disaster. The home on the property was constructed prior to 1978, thus Lead-Based Paint could potentially be in evidence. Purchasers concerned about the possible presence of lead-based paint are encouraged to arrange and conduct --- at the prospective purchaser’s sole expense --- any inspections for the presence of Lead-Based Paint they so desire prior to purchase, as purchaser will be required to waive the rights to any contingency relative to any future testing or presence of Lead-Based Paint as a condition of purchase. Year 2025 real estate taxes to be payable by the purchaser (NO PRORATION), however any prior years taxes that may have been unpaid shall be payable by the seller. Prospective purchasers encouraged/advised to inspect the property thoroughly prior to sale as REAL ESTATE SOLD “AS IS” WITHOUT WARRANTY WHATSOEVER --- INCLUDING WITH REGARD TO FITNESS/ MERCHANTABILITY/MARKETABILITY/DESIRABILITY FOR ANY USE WHATSOEVER – EITHER EXPRESSED OR IMPLIED. Purchased subject to zoning, easements, highway right of way, local ordinances, and restrictions. Further the property shall be purchased by the existing legal description, by the boundary and not by the acre, subject to any facts that might be disclosed by an accurate survey --- sellers are not responsible for providing for any surveys of the subject property. Purchasers must have performed any and all due diligence inspections of the property prior to purchase, at purchaser’s sole expense --- including but not limited to: Whole House Inspection, Wood-Boring Insect Inspection, Radon Gas Inspection, Lead-Based Paint Presence, Phase I/II/III environmental hazard reports/surveys, property surveys, appraisal, etc. --- as purchaser will not be permitted any contingencies for any type of testing performed after the auction or for results thereof determined after the auction. Contact agent/auctioneer prior to the auction to arrange inspection/ testing. Announcements made date of sale take precedence over printed matter. Payment of down payment for real estate required to be paid to the agent/auctioneer immediately upon conclusion of sale, at SALE SITE, NO EXCEPTIONS.
AUCTION CONDUCTED BY
CRAIG A. STANFIELD REAL ESTATE & AUCTION SERVICES
CRAIG A. STANFIELD REAL ESTATE BROKER & AUCTIONEER
2126 W. KY 10, TOLLESBORO, KY 41189
PHONE (606) 301-3350
E-mail: [email protected]
EQUAL HOUSING OPPORTUNITY REAL ESTATE BROKER & AUCTIONEER