Offering 20 Condo Building Sites at Absolute Live/Online Multi-Par Auction
(Consisting of 6 total sales.)
Tuesday, August 30th, 2022 at 1:30 PM
Auction Property Location: Arbor View Drive & Arbor Ct Frankfort, Ky 40601
Live Auction Location: The McKinley Wedding & Event Venue - 1101 Dylan Drive Lawrenceburg, Kentucky 40342
Directions: Take the I-64 exit ramp at the Frankfort/Lawrenceburg exit (Exit 53) going into Frankfort onto Hwy 127 North. Proceed approx. 1/4 of a mile. Turn left at light into the Lowes/Walmart Center area. Follow the service road Leonardwood Drive around and straight thru the light to Doctors Drive, keep going straight onto C Michael Davenport Blvd. until you get to the roundabout. Take the 3rd exit on the roundabout onto Cardwell Lane. Proceed just 1/2 mile and you will see Sycamore Crossings Condominiums on the right. The auction properties are located on Arbor View Drive and Arbor Ct inside the Sycamore Crossings Condominium subdivision.
These pre-approved building sites are in a prime location close to I-64, schools, and shopping but still on neighborhood streets with ample green space nearby! The building sites are in the community of Sycamore Crossing near other duplex and 4-plex homes. There is an HOA and these sites are subject to those restrictions and guidelines. The HOA restrictions are available on our website. All utilities are present on the road for each site. Don’t hesitate to drive through the neighborhood and check out the potential for your new condo site! Purchase one tract, a combination, or purchase the entire package!
- Condo sites are fully approved and developed with all utilities and roads.
- Proven desirable location!
- Units recently sold for approx. $280l
- Close to hospital and other medical professionals
- Close to restaurants and shopping.
Offering #1 - Condo Building Site - Units #1 & #2 (Duplex)
Offering# 2 - Condo Building Site - Units #3, 4, 5 & 6 (4-Plex)
Offering #3 - Condo Building Site - Units #15 & #16 (Duplex)
Offering #4 - Condo Building Site - Units #17, 18, 19 & 20 (4-Plex)
Offering #5 - Condo Building Site - Units #21, 22, 23 & 24 (4-Plex)
Offering #6 - Condo Building Site - Units #25, 26, 27 & 28 (4-Plex) w/ Block Foundation already in place
Recent Sales History:
- May 2022 - a condo unit sold for $276,500
- June 2022 - a condo unit sold for $279,500
Auctioneer’s Note: Most building sites are on cul-de-sacs and would be perfect investment opportunities for growing your portfolio. Join us LIVE or online to purchase one or a combination of sites!
TERMS:
Buyer's Premium: There will be a 10% Buyer’s Premium added to the winning bid to determine the final sale price.
REAL ESTATE TERMS: 10% of the total sale price is due the day of the sale. This is used as nonrefundable earnest money in the form of a certified check, cash, or wire transfer within 48 hours of the close of the auction. We do not accept credit cards for a down payment. The balance of the purchase price is due at closing, the said closing is to be within 30 days of the 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.
This online-only 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.
BUYER’S PREMIUM: There will be a buyer’s premium of 10% added to the bid price to arrive at final purchase price. Example: Bid Price $100,000 plus $10,000 (10% buyer’s Fee) equals purchase price of $110,000.
AUCTION BIDDER DEFAULT: Successful bidder not executing and returning the contract with earnest money deposit within 48 hours of the conclusion of the auction will be considered in default. In the event a winning bidder fails to submit the signed Contract for Sale of Real Estate and 10earnest money deposit, the winning bidder will be charged a penalty fee of $5,000.00 on the credit card provided at auction registration. Additional default remedies are reserved by Ford Brothers, Inc. and the Seller as provided in the Auction Terms and Conditions and the Contract for Sale of Real Estate. Ford Brothers, Inc. reserves the right to sell to the second-highest bidder in the event the successful high bidder does not comply with the terms of the sale.
Any dispute between Ford Brothers, Inc, its Agents or Representatives and the Buyer(s) will be tried in a court of jurisdiction in Pulaski County, Kentucky. By bidding on the property, the buyer agrees to all terms and conditions set forth.
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.
For additional information, contact Ford Brothers, Inc. Auctioneers at 606-679-2212.
David Reynolds, Auctioneer
Buyer's Premium: There will be a 10% Buyer’s Premium added to the winning bid to determine the final sale price.
REAL ESTATE TERMS: 10% of the total sale price is due the day of the sale. This is used as nonrefundable earnest money in the form of a certified check, cash, or wire transfer within 48 hours of the close of the auction. We do not accept credit cards for a down payment. The balance of the purchase price is due at closing, the said closing is to be within 30 days of the 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.
This online-only 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.
BUYER’S PREMIUM: There will be a buyer’s premium of 10% added to the bid price to arrive at final purchase price. Example: Bid Price $100,000 plus $10,000 (10% buyer’s Fee) equals purchase price of $110,000.
AUCTION BIDDER DEFAULT: Successful bidder not executing and returning the contract with earnest money deposit within 48 hours of the conclusion of the auction will be considered in default. In the event a winning bidder fails to submit the signed Contract for Sale of Real Estate and 10earnest money deposit, the winning bidder will be charged a penalty fee of $5,000.00 on the credit card provided at auction registration. Additional default remedies are reserved by Ford Brothers, Inc. and the Seller as provided in the Auction Terms and Conditions and the Contract for Sale of Real Estate. Ford Brothers, Inc. reserves the right to sell to the second-highest bidder in the event the successful high bidder does not comply with the terms of the sale.
Any dispute between Ford Brothers, Inc, its Agents or Representatives and the Buyer(s) will be tried in a court of jurisdiction in Pulaski County, Kentucky. By bidding on the property, the buyer agrees to all terms and conditions set forth.
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.
For additional information, contact Ford Brothers, Inc. Auctioneers at 606-679-2212.
David Reynolds, Auctioneer