50+/- Acre Farm, Barn & Newer Metal Building at Absolute Auction
Saturday, September 14th, 2024 at 10:30AM
3300 State Hwy 934 Somerset, KY 42503
Preview: Thursday, September 5th, 2024 from 12:00 to 5:00
Discover the charm of country living with this stunning 50+/- acre farm, offered in tracts at an absolute auction. Nestled between Hwy 39 and Hwy 461, this picturesque property is perfect for those seeking the tranquility of farm life. Whether you're looking for a serene building lot, expansive acreage, or a unique property with versatile structures, this auction has something for everyone. The farm is divided into six tracts, ranging from 2.48 to 18.50 acres, allowing bidders to secure individual parcels or a combination of tracts. Highlights include a barn with a picnic shelter on a 4.96+/- acre tract, and a newer metal building on a 2.52+/- acre tract, complete with electric, water, and multiple bathrooms—ideal for conversion into a Barndominium or family retreat. Don't miss this opportunity to create your dream homestead or expand your agricultural pursuits in a sought-after location.
Tract #1 - Barn, Picnic Shelter & 4.96+/- Acres
Tract #2 - 2.52+/- Acres & Metal Building, with electric & water (2 Outside bathrooms & 1 bathroom inside), also very nice front and back porches.
Tract #3 - 2.48 +/- Acre Building Lot
Tract #4 - 3.33 +/- Acre Building Lot
Tract #5 - 17.61 +/- Acres
Tract #6 - 18.50 +/- Acres
Personal property to sold at Live auction, with online bidding available as well. See separate catalog for the personal property.
REAL ESTATE TERMS:
Buyer's Premium: There will be a 10% Buyer’s Premium added to the winning bid to determine the final sale price.
EARNEST MONEY: 20% of the total sale price down as a non refundable earnest money at the close of the 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.
MULTI-PARCEL AUCTION: The property will be offered in tracts utilizing the multi-parcel method and selling in the manner that reflects the best returns for the sellers. This concept gives each and every prospective buyer the ability to purchase his or her individual tract or combination.
This auction is a CASH SALE not contingent on or subject to financing, appraisal, survey or inspections of any kind, as agreed to by bidders at registration prior to bidding and specified in the attached Contract for Sale of Real Estate.
GOOD INSURABLE GENERAL WARRANTY DEED AT CLOSING.
REAL ESTATE TAXES AND CLOSING COSTS: All real estate taxes will be prorated for 2023. 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.
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.
For more details, contact us today!
Matt Ford, Auctioneer
Buyer's Premium: There will be a 10% Buyer’s Premium added to the winning bid to determine the final sale price.
EARNEST MONEY: 20% of the total sale price down as a non refundable earnest money at the close of the 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.
MULTI-PARCEL AUCTION: The property will be offered in tracts utilizing the multi-parcel method and selling in the manner that reflects the best returns for the sellers. This concept gives each and every prospective buyer the ability to purchase his or her individual tract or combination.
This auction is a CASH SALE not contingent on or subject to financing, appraisal, survey or inspections of any kind, as agreed to by bidders at registration prior to bidding and specified in the attached Contract for Sale of Real Estate.
GOOD INSURABLE GENERAL WARRANTY DEED AT CLOSING.
REAL ESTATE TAXES AND CLOSING COSTS: All real estate taxes will be prorated for 2023. 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.
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.
For more details, contact us today!
Matt Ford, Auctioneer