Stated Reserve Real Estate Auction. 7101 Johnsontown Rd, Louisville, Ky 40272, 09/19/2015, 11 am, auction held onsite at the property. The auctioneer has been authorized by the Bowman family, to offer this property at stated reserve auction. House: This is a 3 bedroom, 1 bath, Ranch style home. The home also has original hardwood floors, family room, dining area and an attached 1 car garage. Terms: $5,000 down auction day, balance in 45 days. A 10% buyer’s premium will be added to the winning bid to determine the final selling price. Stated Reserve: Once the bidding surpasses $40,000 the reserve will be lifted and the property will sell to the winning bidder. Call Auctioneer Lincoln Crum for more details, 812-987-2830.