Being Tract 16 on the survey plat. Parcel 16 fronts Salem Chapel Rd. and is mostly open tillable acreage with approx. 2.7 acres wooded. Public water access is available from Jonathan Creek Water District. This is a high producing farm. For information regarding crop production history or a possible future producer agreement, contact Jason Watt of J & K Farms of Benton, KY LLC at 270-493-0062. Jason has been on this farm for the past 15 years. Eight years as the previous agronomist for the Smothers family and seven years of farming it as J & K Farms.
ABSOLUTE
ONLINE BIDDING ONLY ENDS
TUES., NOV. 26TH @ 4:00 PM CST
LOCATED IN MARSHALL COUNTY at 6972 Highway 68 East, Benton, KY 42025 at the intersection of Highway 68 and Highway 408 (Eggners Ferry Rd) near the Fairdealing Community across the highway from Crossroads Lawn & Garden. (signs posted)
BARR REALTY & AUCTION CO., INC. has been selected by The Perry Greenfield heirs to conduct this Absolute Auction. Auctioneers Mark Barr, Stephen Barr, Jamie Barr, Chris Barr, Dennie Armes, Evan Barr, and Apprentice Eric Barr with offices in Hardinsburg and Brandenburg, KY.
206 ACRES • CROPLAND • CITY WATER
Near Kentucky Lake
Paved Road Frontage on Three Roads
Selling In Parcels and Combinations
Online bidding on individual Parcels is now open.
Combination bidding or "Grouping" will be allowed on Tues., Nov. 26th.
Going on the auction block, selling by online bidding only, will be approximately 206 acres with a brick home and paved road frontage on Highway 408 (Eggners Ferry Rd), Highway 68 and Salem Chapel Road South. Public water is available along all three of the roadways. This farm has over 166.43 acres of prime row cropland. Improvements include a 1½ story brick home with basement. The home is in need of renovating. This real estate is located approx. 20 minutes from the proposed Churchill Downs Casino at Calvert City, KY. The farm will be offered in 17 parcels ranging from 1 acre to 114 acres. The bidders can combine parcels to their liking. There are commercial site possibilities on Highway 68 and home site locations on each of the three roadways. There are no local zoning regulations for this land. A bid center will be open in Marshall County on the day of the auction to assist bidders to place bids. This farm has been in the Greenfield family for over 125 years. This is a high producing farm. For information regarding crop production history or a possible future producer agreement, contact Jason Watt of J & K Farms of Benton, KY LLC at 270-493-0062. Jason has been on this farm for the past 15 years. Eight years as the previous agronomist for the Smothers family and seven years of farming it as J & K Farms.
BID CENTER: Auctioneers will be available to assist bidders on Tuesday, November 26th beginning at 2:00 PM central time at The Kentucky Dam Village State Resort Park located at 166 Upper Village Drive, Gilbertsville, KY 42044. The auctioneers will be in the Lodge Meeting Room. Directional signs will be posted. Snacks and drinks will be provided.
INSPECTION: The real estate will be available for inspection on your own anytime during daylight hours. If you plan to inspect after November 8th, please wear a hunter orange hat and vest because of firearm deer season taking place from November 9th to November 24th. If you need help registering or placing a bid give us a call at 270-422-2136 or 270-756-2136.
TERMS & CONDITIONS: REAL ESTATE: A 10% deposit of the purchase price is required within 72 hours of the auction ending time. Deposit to be made in the form of cash, cashier’s check, personal check with up-to-date bank letter guaranteeing funds, or wire transfer. Balance due by Jan. 7th, 2025. POSSESSION: Seller retains possession of all cropland until the 2024 crop is harvested. House and non-cropland possession will be date of deed. TAXES: 2024 real estate taxes paid by the seller. Other online bidding terms apply, see BarrRealtyAuction.com for details. BUYERS PREMIUM: A 10% buyer’s premium will be added to all winning bids to determine the final selling price. IMPORTANT NOTICE: All real estate sold as is where is condition with no warranty or guarantee expressed or implied. Although information has been obtained from sources deemed reliable, neither the seller nor the auctioneer makes any warranty or guarantee, expressed or implied, as to the accuracy of the information herein contained. It is for this reason that buyers should avail themselves of the opportunity to inspect prior to the auction. All announcements from the auction block take precedence over any printed material or any oral statements made. Not responsible for accidents.
The Perry Greenfield Heirs, Owners
TERMS & CONDITIONS: REAL ESTATE: A 10% deposit of the purchase price is required within 72 hours of the auction ending time. Deposit to be made in the form of cash, cashier’s check, personal check with up-to-date bank letter guaranteeing funds, or wire transfer. Balance due by Jan. 7th, 2025. POSSESSION: Seller retains possession of all cropland until the 2024 crop is harvested. House and non-cropland possession will be date of deed. TAXES: 2024 real estate taxes paid by the seller. Other online bidding terms apply, see BarrRealtyAuction.com for details. BUYERS PREMIUM: A 10% buyer’s premium will be added to all winning bids to determine the final selling price. IMPORTANT NOTICE: All real estate sold as is where is condition with no warranty or guarantee expressed or implied. Although information has been obtained from sources deemed reliable, neither the seller nor the auctioneer makes any warranty or guarantee, expressed or implied, as to the accuracy of the information herein contained. It is for this reason that buyers should avail themselves of the opportunity to inspect prior to the auction. All announcements from the auction block take precedence over any printed material or any oral statements made. Not responsible for accidents.
This property is offered in 17 Parcels. Each tract is offered individually, high bidders choice, and in combination with other tracts and the property in its entirety. The configuration that produces the best offer to the seller will determine how the property sells. Barr Realty and Auction Co., Inc. has the sole authority the resolve any bidding disputes as they may arise.
Auction End Times: All of Barr Realty and Auction Co., Inc.'s Online Real Estate Auctions are times events and subject to the extended bidding due to bidding activity. Barr Realty and Auction Co., Inc. reserves the right to adjust the auto extension time period. Example: Barr Realty and Auction Co., Inc. Online Real Estate Auctions have a "Dynamic Close" auto extend feature. From 4:00 PM CST to 5:00 PM CST, any bid placed within 10 minutes of the advertised auction end time will automatically extend the auction for 10 minutes from the time the bid is placed. From 5:00 PM CST to 6:00 PM CST, extend time will be adjusted to 5 minutes. From 6:00 PM CST and after, extend time will be adjusted to 3 minutes. Example: If an auction is scheduled to end at 4:00 PM and receives a bid at 3:59 PM, 10 minutes is added to the time that is left, making the end time now 4:09 PM. The "Dynamic Close" auction extension auto-extend feature remains active until no further bids are received on the entire bidding group of properties within the auto-extend time frame and which time the auction will close. Barr Realty and Auction Co., Inc. reserves the right to adjust the auto extension time period at their discretion. Bidder Verification: The identity of all bidders will be verified, bidding privileges are provisional, and if complete verification is not possible, Barr Realty and Auction Co., Inc. reserves the right to reject the registration and bidding activity is subject to termination.
1. Real Estate Terms and Conditions:
NOTE: If you require any type of government guaranteed loan such as VA, FHA, RHS or KY Housing Corporation, PLEASE DO NOT BID! There are no financing contingencies for homes sold at auction. If you are obtaining financing it is recommended that you use a conventional type loan only. You should speak with your loan officer prior to bidding to ensure that the financing can be completed within the allowed time frame and according to the terms and conditions as shown on the purchase contract agreement and addendum.
2. 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 Agreement to Purchase Real Estate.
3. A Buyer’s Premium of 10% is added to the high bid. At the close of the auction, the successful Bidder will be emailed an Agreement to Purchase Contract to be executed and returned to Barr Realty & Auction Co., Inc. within Seventy-Two (72) hours. Successful Bidders will make their deposits in the form of cash, cashier’s check, or wire transfer with Barr Realty & Auction Co., Inc. within Seventy-Two (72) hours of the completion of the auction.
4. Purchaser will be responsible for all wire transfers.
5. Per the Contract, time is of the essence; you must proceed to closing by or before Jan. 7th, 2025. Possession shall be given to the successful Buyer(s) at closing. Any closing fees charged by the buyer(s) lender or closing attorney will be a buyer(s) expense.
6. Successful Bidders not executing and returning their Contract with Earnest Money deposit within 72 hours of the conclusion of the auction will be considered in default. If your closing is delayed for any reason, by you, as purchaser or other parties working on your behalf, including any lender you involve, you may be declared in breach of this contract, forfeit all deposits made and could be additionally liable for any and all costs incurred by Seller and Barr Realty & Auction Co., Inc. incurred in a subsequent resale of the property.
7. Buyer(s) must be prepared to make a cash offer. There are no contingencies to this sale (i.e. financing, appraisal, repairs or inspections). Therefore, you should be pre-qualified by a lender prior to bidding if you require financing. This property is being sold for cash “as is, where is.” with a closing deadline.
8. SERVER & SOFTWARE TECHNICAL ISSUES: In the event there are technical difficulties related to the server, software or any other online auction-related technologies, Barr Realty & Auction Co., Inc. reserves the right to extend bidding, continue the bidding, or close the bidding. Neither the Company providing the software nor Barr Realty & Auction Co., Inc. shall be held responsible for a missed bid or the failure of the software to function properly for any reason.
9. Barr Realty & Auction Co., Inc. reserves the right to remove or cancel the bids and or bidding rights and privileges of any party at any time deemed not to be in the best interest of the seller. The identity of all bidders will be verified, bidding rights are provisional and if complete verification is not possible, Barr Realty & Auction Co., Inc. will reject the registration and bidding activity will be terminated.
10. Barr Realty & Auction Co., Inc. will make its best efforts to accept and submit your bids. However, due to possible equipment malfunctions, lapsed time due to internet connections or bidders not acting quickly enough we do not guarantee that a bid will be received and/or accepted. It is of no benefit to wait to the last second to submit a bid. In the event bidding is active the auto extend feature will automatically extend the time unless we inform you otherwise. It is for this reason that we highly recommend that you submit any and all bids as quickly as you can to ensure that it is received/accepted.
11. Auctioneers and/or a Barr Realty & Auction Company, Inc. representative have the option of reopening the bidding for any item if they deem a computer or electronic malfunction prevented a potential or existing bidder from placing bids. Even though a bidding time may have ended and the computer screen may show the bidding is CLOSED. The auctioneers and/or a Barr Realty & Auction Company, Inc. representative may reopen the bidding at their sole discretion.
12. Barr Realty & Auction Company reserves the right to change a bidder’s user name and/or password at any time for any reason.
13. Buyer acknowledges they are buying property “as is, where is”, without inspections or contingencies, Buyer(s) will rely on his/her own judgment and inspection.
14. Barr Realty & Auction Co., Inc. and their representatives are Exclusive Agents of the Seller(s).
15. Real Estate is sold subject to any and all existing matters of record and all easements building use or zoning laws and regulations.
16. All Barr Realty & Auction Co., Inc. Online Only Real Estate Auctions are timed events that have an auto-extend feature. Example: For the first hour past the end time, any bid placed within 10 minutes of the auction ending will automatically extend the auction for 10 minutes from the time the bid is placed. Example: If an auction scheduled to end at 12:00 p.m. receives a bid at 11:59 a.m., the close time of the auction automatically extends to 12:09 p.m. From the start of the second hour past original auction end time, any bid placed within 5 minutes of the auction ending will automatically extend the auction for 5 minutes from the time the bid is placed. From the start of the third hour past original auction end time and after, any bid placed within 3 minutes of the auction ending will automatically extend the auction for 3 minutes from the time the bid is placed. The auto-extend feature remains active until no further bids are received.
17. IMPORTANT NOTICE: Bidders agree to keep their username and password confidential as they are responsible for ANY and ALL activity involving their account.
18. When using the website you must obey any and all local state and federal laws. Violations will result in termination of website use privileges.
19. Auction company employees and/or auction company may bid on auction items.
20. We gather aggregate information from this web site which may include but is not limited to: number of page visitors, most visited pages, any and all correspondence. All property sold “as is where is” condition with no warranty or guarantee expressed or implied. Although information has been obtained from sources deemed to be reliable, neither the seller nor the auctioneer makes any warranty or guarantee, expressed or implied as to the accuracy of the information herein contained. It is for this reason that buyers should avail themselves of the opportunity to make an inspection prior to the auction. All instant announcements from the auction company take precedence over any printed material or any oral statements made. Not responsible for accidents.
21. This is a binding agreement upon the buyer. If the buyer defaults on this agreement, the real estate can be sold again. The buyer will be responsible for paying the monetary difference between the selling prices and all expenses incurred in the resale including but not limited to advertising, promotion, sales fees, closing fees, buyers premiums, attorney fees and court costs.
22. Any and all bidders acknowledge, agree, and accept that Barr Realty & Auction Co., Inc. reserves the right to disclose or not to disclose, at their discretion, the identity of any bidders to other bidders after the completion of any auction.
