200 +/- Acres Near Lake Cumberland at Absolute Online "Extend All" Auction
Bidding Ends Thursday, October 9th, 2025 at 6:00PM
690 PL Colyer Road Somerset, Kentucky
Previews: Thursday October 2nd from 2:00 a.m. to 5:00 p.m. and Thursday October 9th from 3:00 to 6:00 p.m.
This unique property presents over 200 +/- acres near Lake Cumberland, offered in 18 tracts of varying sizes and features. From small wooded parcels to expansive acreage, this auction has something for everyone—whether you are searching for a home, recreational getaway, hunting land, or investment opportunity. Several tracts join Lake Cumberland, while others feature blacktop road frontage, cleared areas, ponds, or mature woodland.
Tract #1 includes a framed, cabin-style home with 3 bedrooms, 1.5 baths, a living room, kitchen, den, and utility/laundry room, along with a small barn or shed. This 1.77-acre parcel has been cleaned and improved, and it directly adjoins the U.S. Corps of Engineers boundary. Smaller tracts such as #2 and #3 range from 1.25 to 1.74 acres and are mostly wooded with seasonal lake views and city water available. Mid-sized parcels like Tracts #4 and #5, at just over 7 acres each, back directly to the lake with blacktop frontage on Cumberland Ridge Road. Tracts #6 through #13 vary from 1 to 4 acres, offering a mix of wooded and cleared land, pond access on Tract #7, and convenient blacktop frontage—ideal for homesites with city water available. Larger wooded parcels, including Tract #14 with 12.76 acres and Tract #15 with 8.68 acres, also feature road frontage and utility access, making them well-suited for recreation or development. Tract #16, at 4.47 acres, offers an attractive blend of cleared and wooded land for a versatile building site.
For those seeking larger holdings, Tracts #17 and #18 represent the heart of this property, with 66.72 and 68.30 acres respectively. Both are primarily wooded with some cleared ground and are accessed via Haynes Cemetery Road off Jack Phelps Road. These tracts are perfect for hunting, recreation, or creating your private retreat. With young timber throughout and abundant natural beauty, they offer space, privacy, and long-term potential.
This auction is conducted in the “Extend All” format, keeping all tracts open until the close of bidding. Buyers will have the opportunity to purchase any individual tract, if wishing to purchase multiple tracts, you will have to bid on them individually. Don’t miss your chance to secure land near Lake Cumberland with endless possibilities—whether it’s building a new home, creating a weekend retreat, or investing in acreage that will only grow in value over time.
Tract #1 - House & 1.77 +/- Acres
Tract #2 - 1.25 +/- Acres
Tract #3 - 1.74 +/- Acres
Tract #4 - 7.10 +/- Acres
Tract #5 - 7.20 +/- Acres
Tract #6 - 4.45 +/- Acres
Tract #7 - 3.66 +/- Acres - With Pond.
Tract #8 - 4.38 +/- Acres
Tract #9 - 1.35 +/- Acres
Tract #10 - 1.03 +/- Acres
Tract #11 - 1.00 +/- Acres
Tract #12 - 2.79 +/- Acres
Tract #13 - 2.09 +/- Acres
Tract #14 - 12.76 +/- Acres
Tract #15 - 8.68 +/- Acres
Tract #16 - 4.47 +/- Acres
Tract #17 - 66.72 +/- Acres
Tract #18 - 68.30 +/- Acres
Online Auction "Extend All" Terms:
Ford Brothers, Inc. Real Estate Online Auctions are timed events with a designated closing time. This auction utilizes an "Extend All" auto-extension feature. If a bid is placed on any lot within the final 5 minutes of the auction, the closing time for all lots will automatically extend by 5 minutes from the time of that bid.
Example: An auction scheduled to end at 6:00 PM receives a bid at 5:59 PM. As a result, the auction closing time extends to 6:04 PM for every lot. This extension process continues until no further bids are placed on any lot within a 5-minute period. All lots remain open simultaneously until bidding has ceased on all items for a continuous period of 5 minutes.
Simply put: When one lot is extended, all lots are extended.
REAL ESTATE TERMS:
Auction Premium: There will be a 10% Auction Premium added to the winning bid. The sum of the winning bid plus the Auction Premium will be the sales price. Example: Bid Price $100,000 plus $10,000 (10% buyer’s Fee) equals purchase price of $110,000.
REAL ESTATE TERMS: 20% of the total sale price down as a non refundable earnest money in the form of a certified check, cash or wire transfer within 48 hours of the close of auction. We do not accept a credit card for down payment. The balance of purchase price is due at closing, said closing to be within 30 days of close of bidding. Purchaser shall be responsible for all wire transfer fees. Closing will be as specified in the Contract for Sale of Real Estate.
NOTE: The purchaser of a single-family residence built before 1978 has a maximum of 10 days to inspect the property of lead-based paint. The period for inspections begins September 22nd through October 3rd. The successful bidder must sign a waiver of the 10-day inspection period.
REAL ESTATE TAXES AND CLOSING COSTS: All real estate taxes will be prorated for 2025. The purchaser will pay all other closing costs associated with the purchaser’s side of the sale, including local and state recording fees and any cost associated with the purchaser’s loan. The seller will pay for deed preparation and deed tax.
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 condition. Bidder's failure to inspect any item or lot will not constitute grounds for any claim, refund, adjustment, chargeback, etc.
All description information has been gathered from sources which we believe to be reliable but is not guaranteed. Auctioneer makes no warranty or guarantee of any kind with respect to condition, authenticity, provenance, source, condition, suitability for a particular purpose, etc. 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, Ford Brothers, Inc. reserves the right to extend bidding, continue the bidding, or close the bidding. NEITHER THE COMPANY PROVIDING THE SOFTWARE nor FORD BROTHERS, INC. SHALL BE HELD RESPONSIBLE FOR A MISSED BID OR THE FAILURE OF THE SOFTWARE TO FUNCTION PROPERLY FOR ANY REASON. Email notifications will be sent to registered bidders with updated information as deemed necessary by Ford Brothers, Inc.
Any dispute between Ford Brothers, Inc, its Agents or Representatives and the Buyer(s) will be tried in a court of jurisdiction in LOCATION County, Kentucky. By bidding on the property, the buyer agrees to all terms and conditions set forth.
Agency: Ford Brothers, Inc.' Agents and Representatives are agents of the Seller. Buyer and or Bidder agrees to hold harmless and indemnify Ford Brothers, Inc. and its Agents and its Representatives from any and all claims, damages or suits including but not limited to awards, judgments, costs, fees, etc.
Ford Brothers, Inc., reserves the right to alter this agreement at any time. This will take place by updating this site. Please check back and review these terms as every time you use this site you are agreeing to the terms as they are written at that time.
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 Ford Brothers and all other MarkNet auctions.
If a bidder at any time feels his/her username, password or bidder number has been compromised due to lack of security by the bidder, notify 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.
For additional information contact the auctioneers at 606-679-2212.
Announcements made the day of the auction take precedence over printed matter.
Danny Ford, Auctioneer
Online Auction "Extend All" Terms:
Ford Brothers, Inc. Real Estate Online Auctions are timed events with a designated closing time. This auction utilizes an "Extend All" auto-extension feature. If a bid is placed on any lot within the final 5 minutes of the auction, the closing time for all lots will automatically extend by 5 minutes from the time of that bid.
Example: An auction scheduled to end at 6:00 PM receives a bid at 5:59 PM. As a result, the auction closing time extends to 6:04 PM for every lot. This extension process continues until no further bids are placed on any lot within a 5-minute period. All lots remain open simultaneously until bidding has ceased on all items for a continuous period of 5 minutes.
Simply put: When one lot is extended, all lots are extended.
REAL ESTATE TERMS:
Auction Premium: There will be a 10% Auction Premium added to the winning bid. The sum of the winning bid plus the Auction Premium will be the sales price. Example: Bid Price $100,000 plus $10,000 (10% buyer’s Fee) equals purchase price of $110,000.
REAL ESTATE TERMS: 20% of the total sale price down as a non refundable earnest money in the form of a certified check, cash or wire transfer within 48 hours of the close of auction. We do not accept a credit card for down payment. The balance of purchase price is due at closing, said closing to be within 30 days of close of bidding. Purchaser shall be responsible for all wire transfer fees. Closing will be as specified in the Contract for Sale of Real Estate.
NOTE: The purchaser of a single-family residence built before 1978 has a maximum of 10 days to inspect the property of lead-based paint. The period for inspections begins September 22nd through October 3rd. The successful bidder must sign a waiver of the 10-day inspection period.
REAL ESTATE TAXES AND CLOSING COSTS: All real estate taxes will be prorated for 2025. The purchaser will pay all other closing costs associated with the purchaser’s side of the sale, including local and state recording fees and any cost associated with the purchaser’s loan. The seller will pay for deed preparation and deed tax.
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 condition. Bidder's failure to inspect any item or lot will not constitute grounds for any claim, refund, adjustment, chargeback, etc.
All description information has been gathered from sources which we believe to be reliable but is not guaranteed. Auctioneer makes no warranty or guarantee of any kind with respect to condition, authenticity, provenance, source, condition, suitability for a particular purpose, etc. 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, Ford Brothers, Inc. reserves the right to extend bidding, continue the bidding, or close the bidding. NEITHER THE COMPANY PROVIDING THE SOFTWARE nor FORD BROTHERS, INC. SHALL BE HELD RESPONSIBLE FOR A MISSED BID OR THE FAILURE OF THE SOFTWARE TO FUNCTION PROPERLY FOR ANY REASON. Email notifications will be sent to registered bidders with updated information as deemed necessary by Ford Brothers, Inc.
Any dispute between Ford Brothers, Inc, its Agents or Representatives and the Buyer(s) will be tried in a court of jurisdiction in LOCATION County, Kentucky. By bidding on the property, the buyer agrees to all terms and conditions set forth.
Agency: Ford Brothers, Inc.' Agents and Representatives are agents of the Seller. Buyer and or Bidder agrees to hold harmless and indemnify Ford Brothers, Inc. and its Agents and its Representatives from any and all claims, damages or suits including but not limited to awards, judgments, costs, fees, etc.
Ford Brothers, Inc., reserves the right to alter this agreement at any time. This will take place by updating this site. Please check back and review these terms as every time you use this site you are agreeing to the terms as they are written at that time.
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 Ford Brothers and all other MarkNet auctions.
If a bidder at any time feels his/her username, password or bidder number has been compromised due to lack of security by the bidder, notify 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.
For additional information contact the auctioneers at 606-679-2212.
Announcements made the day of the auction take precedence over printed matter.
Danny Ford, Auctioneer