3540 Castlegate Wynd
Live Webcast Auction
3540 Castlegate Wynd

Biederman Real Estate and Auctioneers

3540 Castlegate Wynd
Lexington, KY 40502

Map Opens in a new window

Date(s) 3/17/2025 - 3/21/2025

March 21st, 12:00 noon

Past Auction
Local Pickup Only
Catalog
View Catalog (1 Lots)

Bidding Notice:

Absentee bidding available on HiBid.com

Auction Information
Name 3540 Castlegate Wynd
Auctioneer
Biederman Real Estate and Auctioneers
Type Live Webcast Auction
Date(s) 3/17/2025 - 3/21/2025
Auction Date/Time Info
March 21st, 12:00 noon
Preview Date/Time March 2nd, 9th & 16 from 1 - 3pm March 19th 4 - 6pm
Checkout Date/Time March 21st end of auction
Location
3540 Castlegate Wynd
Lexington, KY 40502
Buyer Premium 7% Buyer's Premium
Description
REAL ESTATE AUCTION! March 21, 2025 at 12:00 noon. This beautiful executive residence is the property of a trust which has authorized our company to offer this outstanding property at public auction ensuring a completely transparent sale process. With over 7300 sqft of refined living space, the residence embodies luxury living. Amenities include: Two story entrance foyer and formal living room with dramatic fireplace, wonderfully designed kitchen w birdseye maple cabinetry and attached family room and fireplace, huge primary suite with tile and granite accents, and additional 1st floor suite. The Second Floor includes a family room, craft room, 3 bedrooms, and 2 baths. The walkout basements features a family room w fireplace with french doors to the patio and pool, a bedroom or office and full bath. The lower level oversized garage looks to accommodate 3 lg vehicles. Other property amenities include a 3 story elevator (in need of repair), an in ground pool overlooking the adjoining lake, heated driveway. An extremely well located property in a great neighborhood. Open March 2nd, 9th, 16th @ 1-3pm. Pre-auction Inspections encouraged.
Terms and Conditions of Sale for 3540 Castlegate Wynd, Lexington, Kentucky 1. The property to be sold is located at 3540 Castlegate Wynd, Lexington, Kentucky and shall be sold as a single entity. 2. The property is to be sold in its “as is” condition without any warranty or guarantee as to the physical condition of the property or any of the improvements thereon. 3. A seven percent (7%) Buyer’s Premium shall be added to the final bid price to determine the gross purchase price. 4. The Purchaser must pay ten percent (10%) of the gross purchase price in cash, certified funds, or personal check with prior approval, and must sign the Auction Purchase Contract upon completion of the sale. The balance of the purchase price shall be paid in cash or certified funds within thirty (30) days of the date of confirmation, with time being of the essence. The closing may be postponed only in accordance with the terms of the Auction Purchase Contract. 5. The property will be conveyed to the Purchaser in fee simple, by deed of general warranty, subject only to easements, restrictions and conditions of record, if any, affecting the property. All taxes and assessments shall be prorated as of closing. 6. The property to be sold shall include all permanent improvements located thereon but shall not include any movable personal property. 7. Seller agrees to deliver to Purchaser complete possession of the property at the time of the closing. 8. Seller shall continue to maintain the property and continue insurance coverage. 9. Purchaser agrees to waive the right to any post sale lead based paint inspection, if applicable. 10. Broker participation. Any Broker that has been properly registered by March 20th at 12 noon shall receive a Buyer Broker commission of 1% if the registered Buyer is a successful Buyer. If a Buyer did not register a Buyer Broker by this deadline, no Buyer Broker commission will be offered or paid. In order for Broker to receive the commission, Broker must attend the sale with the Buyer. NO EXCEPTIONS! 11. Link to register for online bidding through HiBid available at BiedermanRealEstate.com 12. Announcements made the day of Sale take precedence over printed material or prior verbal statements.
Your bid must adhere to the bid increment schedule.
Bid Amount Bid Increment
0.00 - 2,000,000.00 1,000.00 USD
2,000,000.01 - 9,999,999.99 10,000.00 USD
Currency USD
Buyer Premium 7% Buyer's Premium
Payment Terms
The Purchaser must pay ten percent (10%) of the gross purchase price in cash, certified funds, or personal check with prior approval, and must sign the Auction Purchase Contract upon completion of the sale. The balance of the purchase price shall be paid in cash or certified funds within thirty (30) days of the date of confirmation, with time being of the essence. The closing may be postponed only in accordance with the terms of the Auction Purchase Contract.
Not applicable