PREMIER AUCTIONS : Paragon Jewel Estate
 

Auction Summary


1 Paragon Jewel Street
Bluefield, WV

Contact Details

Phone: 1-800-558-5464
Fax: 800-707-4204
Email: auctioninfo@jpking.com


 

The Paragon Jewel Estate, a mountaintop, five-bedroom home on 30 acres in Bluefield, W.V., sold at an auction event attended by 25 attendants and nine registered bidders. Owned by Ohio Valley Bank Company, the 14,000-square-foot estate was marketed and sold at an absolute auction by J. P. King Auction Company.

In the five-day touring period prior to the auction, 40 interested parties visited the home, with prospective buyers from nine states. The property had nearly 4,000 hits on J. P. King's website.

Situated atop the East River Mountain in the charming town of Bluefield, this spacious estate boasts some of the most spectacular views in the area. With five bedrooms, seven bathrooms and two half baths, the Paragon Jewel Estate holds the potential for a stunning family home amidst convenient, country living.

 

With a master suite that includes his-and-hers bathrooms and closets, private balcony and a patio, this home has luxury amenities with potential to become a fantastic mountain retreat. The remaining four bedrooms feature en-suite bathrooms and a loft. Large windows throughout the home provide panoramic views of the 30±-acre property and the gorgeous West Virginia scenery.

 

An entertainer’s dream, the Paragon Jewel Estate is equipped with plenty of space for activity without ever leaving home. With a 38-foot indoor pool on the second story that includes a hot tub, sauna and sitting area, it is accompanied by a basketball and racquetball court and an exercise room in other areas of the home.

 

The home was constructed to take advantage of its beautiful scenery with a dining room and family room that display its impressive surroundings through their floor-to-ceilings windows. The family room also features a double-sided stone fireplace as well as an underwater view of the pool above.

AUCTION TERMS AND INFORMATION

 

PROPERTY PREVIEW 

The home will be open for viewing on February 16th, 17th, 23rd, 24th, & 25th from 1:00 p.m. until 4:00 p.m. 

 

DIRECTIONS TO PROPERTY

From the intersection of US-460 and WV-598, turn onto WV-598/Bland Road.  Travel approximately 3/10 miles and turn right onto Paragon Jewel Street.  The home will be on the right (1 Paragon Jewel Street, Bluefield, WV).   

 

AUCTION REGISTRATION

Registration begins at 10:00 A.M. (ET).  A cashier’s check, in the amount of $10,000.00, will be required to bid.   The cashier’s check is to be made payable to the bidder.

 

AUCTION EVENT & SALE SITE

The auction event begins at 11:00 A.M. (ET).   The auction will be held at the Quality Hotel & Conference Center, located at 3350 Big Laurel Highway, Bluefield, WV 24701.

 

AUCTION FINANCING

Financing is available through Ohio Valley Bank.  All applicants are subject to Ohio Valley Bank’s normal and customary underwriting guidelines.  Applicants must be within Ohio Valley Bank’s acceptable guidelines in order to be approved.  Terms are as follows:   

Interest Rate:  3.50%.  Adjustable 5/1 ARM.  After the first 5 years the interest rate will adjust to 2.75% above the 1-year Treasury, and will adjust annually thereafter.

Term:  Not to exceed 20 years; Loan to Value:  Not to exceed 80% of the purchase price.

Payments:  Monthly Principal and Interest beginning 30-days after closing.

Applicants should contact Bryan Stepp at 740.446.1156, Ext. 208 for additional information. 

 

COOPERATING BROKER PARTICIPATION

Cooperating Broker participation is invited.  A 3% commission will be paid a Cooperating Broker.  For Cooperating Broker Incentive Program, visit www.jpking.com or call for more information.

 

BUYER'S PREMIUM

A twelve-percent (12%) Buyer's Premium will be added to the winning bid price to arrive at the total contract price paid by the Buyer.

 

Jerry Craig King, Broker, J P King Auction Co., Inc.,108 Fountain Avenue Gadsden, AL;
Auctioneer - Jerry Craig King, #1469; 12% buyer’s premium

 
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