Absolute Auction Live On-Site with Internet Bidding: 315 Stratford Drive, Lexington KY 40503

🔨 LIVE ON-SITE ABSOLUTE REAL ESTATE AUCTION

315 Stratford Drive, Lexington, KY 40503 – Southland / Hill N Dale Area

Noel Auctioneers & Real Estate Advisors is pleased to offer at ABSOLUTE AUCTION this charming brick 1.5-story home located in one of Lexington’s most established and desirable neighborhoods.

Built in 1953, this solid brick residence offers approximately 1,238 sq. ft. of living area on a 0.208± acre lot (Deeded 9,088 sq. ft.), situated on Lot 26, Block D in the heart of Southland / Hill N Dale. This R-1C Single Family Residential property provides classic mid-century character with excellent potential for renovation, personalization, or investment.

🔹 Property Highlights

• Attractive brick exterior in an established neighborhood

• 1.5-story layout with approximately 1,238 sq. ft. of living space

• Masonry fireplace adding charm and warmth

• Central heating & air conditioning

• 80 ft. frontage on a platted residential lot

• Frame utility shed (approx. 9' x 12', built 2004) for additional storage

• Located in popular Southland / Hill N Dale (PVA Neighborhood 084)

• Convenient to UK, downtown Lexington, parks, schools, shopping & dining

This is an excellent opportunity for homeowners, investors, or renovators. The property SELLS TO THE HIGHEST BIDDER REGARDLESS OF PRICE at Absolute Auction.

---

📅 Absolute Auction & Preview Schedule (Eastern)

Absolute Auction (Live On-Site + Simulcast Online)

Thursday, December 18, 2025 — 4:00 PM (EST)
On-site at 315 Stratford Drive, Lexington, KY 40503 with simultaneous internet bidding.

Open House Previews

• Wednesday, December 10, 2025 — 2:00–4:00 PM (EST)

• Wednesday, December 17, 2025 — 2:00–4:00 PM (EST)

• Private showings available by appointment

Primary Contact

Jonathan Noel, Owner/Auctioneer
📞 859-612-9175
📧 jonathan@noelauctioneers.com

---

📝 How to Register for the Absolute Auction

On-Site Bidders (Absolute Auction Day)

Please bring:

• Valid driver’s license

• Proof of funds or lender pre-approval letter

Online Bidders (Required Before the Absolute Auction)

• Wire $25,000 to escrow no later than 24 hours before the Absolute Auction to be approved to bid.

• Non-winning bidders: the $25,000 is returned within 24 hours after the Absolute Auction.

• Winning bidder: the $25,000 applies to your earnest money deposit. If 10% of the contract price exceeds $25,000, wire the additional amount needed to reach 10% within 24 hours after the Absolute Auction.

---

📌 Terms & Conditions – Absolute Auction

Absolute Auction

• Property SELLS TO THE HIGHEST BIDDER REGARDLESS OF PRICE.

• Live on-site Absolute Auction with simultaneous internet bidding available.

Buyer’s Premium

• A 10% Buyer’s Premium will be added to the high bid to determine the contract price.

• Example: $300,000 high bid + 10% BP = $330,000 contract price.

Earnest Money / Deposit

• 10% of the contract price, non-refundable (except as stated in the purchase agreement if Seller cannot convey marketable title).

• On-site Absolute Auction winner: 10% due the day of the Absolute Auction (personal or business check accepted).

• Online Absolute Auction winner: 10% due within 24 hours of the Absolute Auction (wire transfer).

• Winning bidder must sign the purchase agreement immediately after the Absolute Auction (on-site or electronically).

Closing

• Closing to occur on or before 45 days after the Absolute Auction

  • Target date: on or before Friday, January 30, 2026.

• Balance due at closing in immediately available funds.

• No contingencies for financing, appraisal, or inspections.

• 2025 and 2026 real estate taxes prorated as of closing per local practice.

• Seller to convey marketable title by customary deed; any liens or delinquent taxes satisfied by Seller at or before closing.

• Buyer pays their customary closing costs.

Absolute Auction Method & Ending

• Live on-site Absolute Auction with simultaneous online bidding.

• Absolute Auction bidding continues until bidding activity slows.

• The Auctioneer will give “fair warning” to both live and online bidders before declaring the property SOLD at Absolute Auction.

• There is no fixed ending time; the Auctioneer has sole discretion to close Absolute Auction bidding.

Bidder Verification

• All bidders must register with Noel Auctioneers & Real Estate Advisors for the Absolute Auction.

• Identities will be verified; if we cannot verify identity, bidding approval for the Absolute Auction may be denied.

Technical Issues (Online Absolute Auction Bidding)

• In the event of a server, software, or internet failure during the Absolute Auction, the Auctioneer may extend, suspend, or close bidding.

• Registered Absolute Auction bidders will be notified by email as needed.

Property Condition & Disclaimers

• Property sells AS-IS, WHERE-IS, with all faults, at Absolute Auction.

• No warranties, express or implied, are given by Seller, Broker, or Auctioneer.

• All information is believed to be accurate but not guaranteed.

• It is the bidder’s responsibility to inspect the property, review all documents, and verify any information of importance prior to bidding in the Absolute Auction.

• Announcements made on Absolute Auction day take precedence over any prior advertising or printed material.

Legal Venue

• Any disputes arising out of the Absolute Auction or the purchase contract shall be resolved in a court of competent jurisdiction in Fayette County, Kentucky.

---