House, Barn & 21.98 +/- Acres in Tracts & Personal Property at Absolute Live Auction

House, Barn & 21.98 +/- Acres in Tracts & Personal Property at Absolute Live Auction
Saturday, December 7th, 2024 at 10:30AM
3411 Hwy. 39 Somerset, Ky

Date of Preview:  Tuesday, December 3rd from 2:00 to 5:00 p.m. 

Don’t miss this incredible opportunity to bid on a property with endless potential in a highly desirable area close to town! This auction features a 3-bedroom home with an unfinished basement and carport, perfect for families, investors, or anyone looking to add their personal touch. The property also includes a charming older barn, ideal for a country home site, and 21.98 +/- acres of versatile land offered in tracts. Located just minutes from town, this property offers the perfect balance of rural tranquility and convenience. Whether you’re dreaming of a small farm, planning to build your dream home, or seeking a valuable investment, these tracts provide a rare chance to own property in a sought-after location.

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 November 27th through December 6th.   The successful bidder must sign a waiver of the 10-day inspection period.

Tract Information:

Tract #1 - Barn & 1.75 +/- Acres
Tract #2 - House & 1.27 +/- Acres
Tract #3 - 8.71 +/- Acres w/ Hwy 39 Road Frontage
Tract #4 - 10.25 +/- Acres w/ Hwy 39 Road Frontage

We will also be offering a variety of personal property items: vintage furniture, canning jars, antiques, wagon, vintage signs, tools, appliances, vintage refrigerators/freezers, chairs, etc...These items must be paid for in full the day of the auction with cash, check or major credit card in full.  A 4% processing fee will be added to any credit purchase. 

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.

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.

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 on November 25th through December 6th. The successful bidder must sign a waiver of the 10-day inspection period.

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