Riverfront Home, Dock and Stern Wheel Boat – Dunbar
Kanawha River Real Estate and Boat Auction
Location: 200 25th Street. Dunbar, WV 25064. GPS 38.361845, -81.755143. west of Charleston only 8 miles along the Kanawha River take the Dunbar Exit, follow Dunbar Ave. to 25th Street.
Tuesday, July 16th 2019
5:00 PM
Live with Online Bidding Auction
Video https://youtu.be/tcr_jNr_5ss
Bidding is open now and will be open to the public to bid live on site on July 16th @ 5:00 PM. Live and online bidding will take place simultaneously.
Kanawha River Real Estate * Riverfront Home * 3 Garages* Sternwheel Boat * Dunbar, WV
The boat and real estate will be offered individually and as a package!!
Subject #1 Stern Wheel River Vessel
Open for inspection by appointment
We have the honor of selling this Iconic real estate and Sternwheel Boat at auction on July 16th, 2019. The well-known “Princess Margy”, a 81’ Stern Wheel Vassal that has two bedrooms, full bath, laundry, hvac and is fully self sufficient on the water. Powered by a Detroit diesel, the ship can get down the river with haste. It is fully functional and the sellers recently invited us aboard for a ride down the Kanawha. It was truly amazing to experience the “Princes Margy” In action.
Last of water service and inspection: August 2015
Full Condition and Valuation Survey was completed. Dry dock inspected. The vessel is in good working order with no known issues. A complete recoating of the hull (Tar Epoxy). See Attachments for complete inspection details.
Subject # 2 Real Estate
Open for inspection by appointment
200 25th Street 1,284 SF Home with 3 Garages, full basement and 150’ of dock on the Kanawha River. Ramp access down to the river (Rare)
Master Bedroom equipped with walk in tile shower, jacuzzi bath tub, large closet/laundry, sliding doors to the back deck, river view.
Open concept kitchen and living space with 9’ sliding doors to the riverfront deck. Remodeled kitchen 2009, quartz countertop and new appliances. Remodeled Bathroom 2010. New metal roof in 2012. New concrete driveway and parking area, new deck on front (riverside) of house. New 30x31 Garage. Dock repaired and replaced 80 foot of dock and re-planked surface.
House is equipped with home security and camera/alarm system.
City, water, sewage, gas available if wanted. All electric appliances, 200-amp service.
Subject #3 Combination of subjection 1-2 Boat and Real Estate.
BIDDING PROCEDURE ROUNDS
Round One: Subject #1 & #2 will be offered individually in numerical order.
Round Two: Subjects #1, #2, Boat and Real Estate will be added together as Subject #3 and offered in combination with a minimum raise of 3% to place the two subjects in combination. The highest bid above the minimum raise of 3% for the combination will be recorded. If there is no combination bid offered then the subjects will be sold to the successful bidders in Round One.
Round Three: If the subjects are placed in combination, each successful subject bidder from Round One will be given ONE FINAL opportunity to raise the bid on their subject and protect their position. The sum total of these raises must surpass the combination total by a minimum of 3%. If the new bids from the individual bidders surpass the combination total by the minimum then the total will be posted at the registration table.
Round Four: The subjects will again be offered in combination with a 3% minimum raise to the high bidder/s of Round Two to place the subjects in combination. If this bid is made the subjects will remain in combination and sold to the high bidder/s. If the parcel raises do not pass the combination total by the minimum, the subjects will stay in combination.
Buyers Signature______________________________________________Date:_______________