ABSOLUTE AUCTION * 23 +/- ACRES WITH 2 SMALL HOMES Boaz, KY
Starts: Sat, Apr 16, 2016 10:00AM
Ends: Sat, Apr 16, 2016 10:00PM
ABSOLUTE LAND AUCTION
23 +/- ACRES WITH 2 SMALL HOMES
LONE OAK/ST JOHN’S COMMUNITY
+/- 1,980’ OF ROAD FRONTAGE * OFFERED IN 2 TRACTS
ROLLING PASTURES * ATTRACTIVE HOME SITES
MOBILE HOME HOOK-UP
When: Saturday, April, 16th @ 10:00 AM
Where: 2735 Lovelaceville Florence Station Rd. East, Boaz, KY. 42027
*Review website for aerial drawing or contact the office for plat drawing.
Directions to Farm: From I-24 Exit 7 (Lone Oak Exit) take Lone Oak Rd. Southwest (Hwy 45) approximately 2.2 miles. Turn left beside Milner & Orr funeral home of Lone Oak onto KY- 1241 South (Old Hwy 45) & proceed 4.4 miles. Turn left onto KY- 348E (Lovelaceville Florence Station Rd.) proceed 3.2 miles arriving at farm on left. Signs posted.
Real Estate: Consider this 23¼ +/- acre farm offered in 2 tracts separate or combined. Altogether this farm has +/- 1,980’ of road frontage on Lovelaceville Florence Station Rd. Acreage Breakdown: Tract 1 contains 12.9 +/- acres with +/- 1,160’ of road frontage. This tract is approximately 60% clear/tillable vs 40 wooded and is bound by Illinois Central Railroad & Lovelaceville Florence Station Rd. Tract 2 contains 10.3 +/- acres with +/- 820’ of road frontage. Tract 2 is mostly clear/tillable and contains 2 small homes. Both homes are in need of repairs, improvements, and maintenance. Home #1: This 3 bedroom, 1 bath home contains +/- 1,108 sq. ft. of living space with a full basement. Other amenities include: central hvac, 3 tab shingles, vinyl siding, double hung windows, attached carport with concrete drive, well water, etc. Home #2: This single bedroom home contains lap siding, double hung windows, 3 tab shingles, living room, kitchen & bath.
Terms of Auction
Real Estate: 15% good faith deposit due day of sale. Balance due in 45 days. 10% buyer premium added to final bid and included in the total contract price. Bank letter of credit required if unknown by Auction Co. Bidders are responsible for their own inspections and verifications of subject property. Contact the office for questions regarding the auction @ (270) 444-0031.
Procedure: Initial procedure determined by auctioneer.
Title: Fee Simple title delivered.
Deed: Seller will provide a General Warranty Deed.
Purchase Agreement: Successful bidder/s will enter into a purchase agreement contract immediately upon conclusion of the auction.
Possession: Possession given at closing.
Restrictions: Any recorded restrictions (if any) and zoning regulations apply.
Easements: Sale of property is subject to any and all easements of record.
Absence of Warranties and Disclaimer: All information contained herein and all related materials are subject to the Terms and Conditions outlined in the Purchase Agreement. The property is being sold on AS IS, WHERE IS basis, with no warranties or representation either expressed or implied concerning the property are made by the seller or the auction company. Each potential bidder is responsible for conducting his or her own inspections, verifications, investigations, inquiries, and due diligence concerning the property. The information contained herein is subject to verification by all parties relying on it. There is no liability for its accuracy. Errors and/or omissions insurance are assumed by the seller or the auction company. Conduct of the auction and increments of bidding are at the discretion of the auctioneer. The sellers and selling agents reserve the right to preclude any person from bidding if there is any question regarding the person’s credentials, fitness, etc. All decisions of the auctioneer are final.
ANY ANNOUNCEMENTS MADE THE DAY OF THE SALE TAKE PRECEDENCE OVER PRINTED MATERIAL OR ANY OTHER ORAL STATEMENTSMADE. AUCTION COMPANY OR OWNER IS NOT RESPONSIBLE FOR ACCIDENTS.
New Information, Corrections & Changes: Please check for updated information prior to scheduled auction time for changes, corrections, or additions to the herein described property.
Auctioneer’s Note: Auction held onsite, rain or shine.