Absolute Auction of 1268 Acre +/- Garrard County Farm in 7 Tracts (Multi-Par)
51 Poor Ridge Pike, Lancaster, KY
Saturday, April 23rd, 2022
This auction is being conducted by Irvin Group Realtors & Auctioneers, in conjunction with Ford Brothers Inc. Auctioneers.
Listing Auctioneer: Cliff-Ed Irvin
Sales Location: From Lancaster take Hwy 39N(Buckeye Road) 4 miles to the auction site. All tracts to be sold at Tract 4 – Corner of Poor Ridge Pk
Tract 1 - Known as the Rice Farm - 649 Acres +/-
Fronting Jack Black Road, this farm is well known as one of the better farms in Garrard County. Highly productive with 300 plus acres of cropland. Featuring long ridges & panoramic views, this tract is highly improved with 5 barns, 2 sheds, numerous ponds. This is an excellent cattle and grain farm with an abundance of turkey & deer and is suitable for many purposes.
Tract 2 - 184 Acres +/-
Adjoining Tract 1 and fronting Jack Black Road this tract has a good combination of cropland and grazing land. Improved with 2 barns and several ponds. This farm has long cropable ridges along with a superb mix of hunting land.
Tract 3 - 10 Acres +/-
Fronting Jack Black Road this tract is excellent for building a home or get-a-way cabin. This tract adjoins Tract 2.
Tract 4 - 70 Acres +/-
Fronting Buckeye Road and Poor Ridge Pike (Hwy 563), a beautiful tract with long ridges and some woods. Great building sites with panoramic views. There is an older home, non-habitable on this tract.
Tract 5 - 21 Acres +/-
Joining Tract 4 and fronting Poor Ridge Pike. Improved with small barn and nice long ridge. Excellent building site.
Tract 6 - 209 Acres +/-
Fronting Buckeye Road (Hwy 39), this farm has lots of level cropland, some woods, 3 barns, ponds, and an older tenant home. Plenty of wildlife.
Tract 7 - 124 Acres +/-
This farm fronting Perry Rogers Road (Hwy 563) is mostly wooded with some cleared land. Great hunting farm or recreational get-a-way.
These farms have been in the Teater family for 60+ years and this is the first time being offered for sale. The family has decided to downsize and offer you the opportunity to purchase from 10 acres to 1268 acres at your own price. This land has a long-time reputation of being highly productive. In an uncertain market what better is there to own than land. If you are in the market for crops, cattle farms, or hunting land, we have it. Centrally located approximately 45 mins south of Lexington and is 30 mins from Richmond. These tracts will be sold Multi-Par giving the Buyer the opportunity to purchase as much as they desire. All tracts have access to public water.
TERMS: 10% down the day of the auction, with the balance due in full by June 3, 2022, for the real estate. 3% credit card processing fee for any credit card transaction. If the buyer is out of the area, 10% escrow money must be wired to Auctioneer the following business day of the auction.
Note: There will be a 10% buyer’s premium added to the last bid to determine the final sales price.
AUCTIONEER/BROKER/SELLER DISCLAIMER: The information contained herein is believed to be correct to the best of the auctioneer’s knowledge. The information is being provided for the bidder’s convenience and it is the bidder’s responsibility to determine the information contained herein is accurate and complete. The property is selling in its as-is condition with no warranties expressed or implied.
Online "Simulcast" Auction Information:
Irvin Group Online / Simulcast Auction information.
To bid in the Simulcast format, you must go to the auction catalog, then click the green "Live Sale" option at the top of the catalog that will be available approx. 15-20 minutes to the start of the Live/Online Auction. There is NO countdown timer. All online bidding will be conducted in conjunction with Ford Brothers Inc. Auctioneers website and the MarkNet Alliance multi-parcel (ultimate choice) bid platform.
Simulcast Bidding Options:
Each lot will become available in sequential order and you will need to use the red "Bid" button to bid the next increment available. You can use the chat to ask any questions, but you cannot use it to bid. If you have any questions about bidding in the Simulcast format, be sure to give us a call at 859-339-9075.
Multi Par:
Tracts will be sold using the multi-par method. We will offer each tract individually in the first round, then accept any combinations in the next round that increases the total. There must be a minimum bid increase of $1,000 per new combination (tract). This process will continue until there are no more bids and the sale will close.
All property is sold in “AS IS” and “WHERE IS” condition. ALL SALES ARE FINAL! Bidder understands and agrees that no refunds, exchanges, adjustments, chargebacks, etc, will be allowed. Property is available for inspection at specified times and it is the bidder's responsibility to determine the condition.
All description information has been gathered from sources that we believe to be reliable but are not guaranteed. The auctioneer makes no warranty or guarantee of any kind with respect to condition, authenticity, provenance, source, condition, suitability for a particular purpose, etc. The auctioneer reserves the right to change, modify, delete any item or lot, or description in the auction as may be necessary.
SERVER & SOFTWARE TECHNICAL ISSUES: In the event, there are technical difficulties related to the server, software or any other online auction-related technologies, Irvin Group reserves the right to extend bidding, continue the bidding, or close the bidding. NEITHER THE COMPANY PROVIDING THE SOFTWARE NOR IRVIN GROUP AUCTIONEERS SHALL BE HELD RESPONSIBLE FOR A MISSED BID OR THE FAILURE OF THE SOFTWARE TO FUNCTION PROPERLY FOR ANY REASON.
Any dispute between Irvin Group Auctioneers, its Agents or Representatives, and the Buyer(s) will be tried in a court of jurisdiction in Garrard County, Kentucky. By bidding on the property, the buyer agrees to all terms and conditions set forth.
Agency: IRVIN GROUP AUCTIONEERS, Agents and Representatives are agents of the Seller. Buyer and or Bidder agrees to hold harmless and indemnify IRVIN GROUP AUCTIONEERS and its Agents and its Representatives from any and all claims, damages, or suits including but not limited to awards, judgments, costs, fees, etc.
Auction company employees and/or auction company may bid on and purchase auction items.
BIDDER DEFAULT: Failure to complete a purchase is illegal and will result in one or more of the following (1) prosecution (2) loss of bidding privileges for IRVIN GROUP AUCTIONEERS and all other auctions on that platform.
If a bidder at any time feels his/her username, password, or bidder number has been compromised due to a lack of security by the bidder, notify the Auctioneer immediately.
TIME IS OF THE ESSENCE in regard to all auction terms.
AUCTIONEER/BROKER/SELLER DISCLAIMER: The information contained herein is believed to be correct to the best of the auctioneer’s knowledge. The information is being provided for the bidder’s convenience and it is the bidder’s responsibility to determine the information contained herein is accurate and complete. The property is selling in its “as-is” condition with no warranties express or implied.
Cliff-Ed Irvin, CAI – Principal Auctioneer – 859-339-9075
Note: There will be a 10% buyer’s premium added to the last bid to determine the final sales price.
AUCTIONEER/BROKER/SELLER DISCLAIMER: The information contained herein is believed to be correct to the best of the auctioneer’s knowledge. The information is being provided for the bidder’s convenience and it is the bidder’s responsibility to determine the information contained herein is accurate and complete. The property is selling in its as-is condition with no warranties expressed or implied.
Online "Simulcast" Auction Information:
Irvin Group Online / Simulcast Auction information.
To bid in the Simulcast format, you must go to the auction catalog, then click the green "Live Sale" option at the top of the catalog that will be available approx. 15-20 minutes to the start of the Live/Online Auction. There is NO countdown timer. All online bidding will be conducted in conjunction with Ford Brothers Inc. Auctioneers website and the MarkNet Alliance multi-parcel (ultimate choice) bid platform.
Simulcast Bidding Options:
Each lot will become available in sequential order and you will need to use the red "Bid" button to bid the next increment available. You can use the chat to ask any questions, but you cannot use it to bid. If you have any questions about bidding in the Simulcast format, be sure to give us a call at 859-339-9075.
Multi Par:
Tracts will be sold using the multi-par method. We will offer each tract individually in the first round, then accept any combinations in the next round that increases the total. There must be a minimum bid increase of $1,000 per new combination (tract). This process will continue until there are no more bids and the sale will close.
All property is sold in “AS IS” and “WHERE IS” condition. ALL SALES ARE FINAL! Bidder understands and agrees that no refunds, exchanges, adjustments, chargebacks, etc, will be allowed. Property is available for inspection at specified times and it is the bidder's responsibility to determine the condition.
All description information has been gathered from sources that we believe to be reliable but are not guaranteed. The auctioneer makes no warranty or guarantee of any kind with respect to condition, authenticity, provenance, source, condition, suitability for a particular purpose, etc. The auctioneer reserves the right to change, modify, delete any item or lot, or description in the auction as may be necessary.
SERVER & SOFTWARE TECHNICAL ISSUES: In the event, there are technical difficulties related to the server, software or any other online auction-related technologies, Irvin Group reserves the right to extend bidding, continue the bidding, or close the bidding. NEITHER THE COMPANY PROVIDING THE SOFTWARE NOR IRVIN GROUP AUCTIONEERS SHALL BE HELD RESPONSIBLE FOR A MISSED BID OR THE FAILURE OF THE SOFTWARE TO FUNCTION PROPERLY FOR ANY REASON.
Any dispute between Irvin Group Auctioneers, its Agents or Representatives, and the Buyer(s) will be tried in a court of jurisdiction in Garrard County, Kentucky. By bidding on the property, the buyer agrees to all terms and conditions set forth.
Agency: IRVIN GROUP AUCTIONEERS, Agents and Representatives are agents of the Seller. Buyer and or Bidder agrees to hold harmless and indemnify IRVIN GROUP AUCTIONEERS and its Agents and its Representatives from any and all claims, damages, or suits including but not limited to awards, judgments, costs, fees, etc.
Auction company employees and/or auction company may bid on and purchase auction items.
BIDDER DEFAULT: Failure to complete a purchase is illegal and will result in one or more of the following (1) prosecution (2) loss of bidding privileges for IRVIN GROUP AUCTIONEERS and all other auctions on that platform.
If a bidder at any time feels his/her username, password, or bidder number has been compromised due to a lack of security by the bidder, notify the Auctioneer immediately.
TIME IS OF THE ESSENCE in regard to all auction terms.
AUCTIONEER/BROKER/SELLER DISCLAIMER: The information contained herein is believed to be correct to the best of the auctioneer’s knowledge. The information is being provided for the bidder’s convenience and it is the bidder’s responsibility to determine the information contained herein is accurate and complete. The property is selling in its “as-is” condition with no warranties express or implied.