ABSOLUTE AUCTION * HOME ADJOINING PAXTON PARK GOLF COURSE! Paducah, KY

ABSOLUTE AUCTION

2~3 BEDROOM HOME * ZONED URBAN RESIDENTIAL

OUTSTANDING LONE OAK LOCATION!

ADJOINS PAXTON PARK GOLF COURSE!

When: Saturday, August 24th, 2013 @ 9 AM

Where: 601 Berger Rd Paducah KY 42003

Auction Held On Site

Directions: From I-24 & exit 7 take Hwy 45 North (Lone Oak Rd) 0.9 turning right on Berger Rd then proceed 0.4 miles arriving at property on left. Signs posted.

Real Estate: This +/- 1,614 sq. ft. home is in need of repair so get ready to apply your home improvement skills to this property to achieve the home that your desire. Consider this 2 or 3 bedroom home sitting on an attractive +/-1 acre lot adjoining Paxton Park Golf Course. This home contains a +/-11.3 x +/-19. 3” living room, +/-15.6 x +/-11.6 bed room 1, +/-11.3 x +/-11.0 bed room 2, bed room 3 (in need of repair) has a stone surround masonry fireplace, 1 full bathroom, living room, family room, washer & dryer hook up, hardwood floors & single car garage with a like new raised panel garage door, & extra storage space. Also consider 200 amp circuit breaker service, 8’ ceilings, gas floor furnace for heat, concrete covered front porch with wooden back porch, concrete sidewalk, dimensional shingles and mature shade trees all conveniently located in Lone Oak near shopping, restaurants, schools, churches & more! Utilities Available: Natural gas, power, septic, public water, cable & phone. Paxton Park Golf Course: Imagine walking out your back door for a relaxing round of golf or sit and watch other golfers as they play. This home and lot adjoins hole no #5 of Paxton Park which was voted by Golf Digest Magazineas one of the 100 top courses to play in America. Zoning: A few of the permitted uses include assisted living homes, community centers, government facilities, single & multi-family dwellings, home based businesses, nursing homes, commercial storage just to name a few. Basement: The basement is constructed with poured concrete and block masonry walls with a concrete floor. A 30 gallon Whirlpool gas hot water heater is located here with plenty of room for storage or routine maintenance.

Terms of Auction:

Real Estate: 20% good faith deposit due day of sale. Balance due in 30 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 either before or during day of auction. Announcements day of auction take precedence over any previous marketing either written or oral.

Procedure: Initial procedure determined by auctioneer.

Title: Fee Simple Absolute 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 & 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, and no warranty or representation, either express or implied, concerning the property is 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. No liability for its accuracy, errors or omissions is assumed by the sellers 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 ANYOTHER ORAL STATEMENTS MADE. AUCTION COMPANY OR OWNER IS NOT RESPONSIBLE FOR ACCIDENTS.

Auctioneer’s Note: Auction held on site rain or shine.