ABSOLUTE ONLINE ONLY AUCTION
HOUSE & LOT – COMMERCIAL BUILDING - LOT
BIDDING ENDS THURSDAY, SEPTEMBER 18TH @ 6 P.M.
LANCASTER ST. & HWY 1770, CRAB ORCHARD, KY
The owner is no longer able to care for the property as she would like and has authorized our firm to sell it at absolute auction.
PARCEL 1: This well-located house has been well maintained. It has Bedford stone and aluminum siding. The house offers living room, eat-in kitchen, 3 bedrooms, 2 baths with tile, family room and partial basement. It has central heat & air, lots of kitchen cabinetry, range and side by side refrigerator, much of the flooring is hardwood, metal roof, concrete circular drive and much more.
In addition to the house, there is a detached 1 car garage. All of this is situated on a nice level shaded lot measuring approx. 100’ along Lancaster St, 130’ deep and approx. 94’ across the rear.
PARCEL 2: This commercial building is divided into 4 units. Each unit has a split heat & air unit. It has a metal roof. 2 units have their own bathrooms and 2 share a bath. The building measures approx. 3,800 sq. ft. One unit is leased until March 31st, landlord possession will be granted at closing. All the units have been remodeled. One unit needs work to the floor. The property fronts Lancaster St. for 94.86’ and approx. 238’ on Ash St. This ideally located commercial property is ideal for investment or to operate your own business.
PARCEL 3 is just off of Hwy 1770 and close to Hwy 150. It is accessed by a joint entrance and is approx. .68 of an acre.
PREVIEW: Thursday, September 11th & 18th from 3-6 p.m.
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 8th through September 17th. The successful bidder must sign a waiver of the 10-day inspection period.
AUCTION PREMIUM: A 10% Auction Premium will be added to the winning bid to determine the final sale price.
TERMS: 20% down due within 48 hours of close of bidding, with balance in 30 days with deed.
Danny Ford, Auctioneer
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.
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 Lincoln 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 regards 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 606-256-4545.
Announcements made the day of the auction take precedence over printed matter.