Lake Cumberland Property - Modular Home; Camper w/ Carport & Garage at Absolute Online "Extend All" Auction
Bidding Ends Tuesday, June 24th, 2025 at 6:00PM
475 Paradise Lake Drive Somerset, Ky 42501
Preview Dates: Monday, June 16th, 2025 from 2:00PM to 5:00PM & Tuesday, June 24th, 2025 from 2:00PM to 5:00PM
Property is being sold in two tracts:
Tract #1 - Lots 16 thru 18 include Modular Home with an addition & sun room, a carport, large gazebo, small sheds & additional trailer/modular building for additional sleeping quarters.
Tract #1 features three lots with a modular home that includes an addition, full-length sunroom, and two full bathrooms. With two traditional bedrooms and two bonus rooms used for sleeping quarters, this setup provides plenty of room for friends and family. The kitchen and living area are open and welcoming, with the kitchen appliances and washer/dryer included. A large gazebo with electricity and ceiling fans, plus a small carport and a bonus bunkhouse, make this a turnkey getaway or vacation rental possibility.
Tract #2 - Lots 19 thru 21 include an Camper with a carport & deck; additional carport & a garage.
Tract #2 includes three additional lots with an RV under a large carport with a deck, an additional metal carport, and a detached garage—perfect for storing lake toys, vehicles, or converting into a workspace. Ideal for RV owners or anyone looking to build near the lake, this tract offers flexibility and potential.
Discover your own private escape just moments from the water’s edge at this Lake Cumberland area property. Situated in the Paradise Acres Subdivision, this auction offers two unique tracts that both join the U.S. Army Corps line, placing you a short walk from scenic Buck Creek and its connection to the lake. Whether you're looking for a personal lake retreat, a family getaway, or a place to park your RV and relax, these tracts offer a rare opportunity in a desirable location.
With nearby dock access for fishing, swimming, and relaxing, plus a peaceful setting with light HOA-maintained roads, this is an excellent opportunity to invest in your lakeside lifestyle.
Preview Dates: Monday, June 16th, 2025 from 2:00PM to 5:00PM & Tuesday, June 24th, 2025 from 2:00PM to 5:00PM
Note: The freezer in the kitchen and the refrigerator in sunroom are not apart of the sale, all other personal property is being retained by the owners as well.
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, Possession on the modular home will be 30 days from closing. Purchaser shall be responsible for all wire transfer fees.
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.
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, Possession on the modular home will be 30 days from closing. Purchaser shall be responsible for all wire transfer fees.
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.