Absolute Auction +/- 20.9 ACRES IN LONE OAK KY Paducah, KY

ABSOLUTE AUCTION
+/- 20.9 ACRES IN LONE OAK, KY

AUCTION HELD OFFSITE AT HENDRON LIONS CLUB

When: Saturday, May 6th @ 10 A.M
Auction held at Hendron Lions Club on 4903 Old Mayfield Rd. Paducah, KY. 42003.

Directions to Subject Property: From I-24 Exit 7 travel southwest on Hwy 45/Lone Oak Rd. Turn left onto Bleich Rd. beside K-Mart & travel 1.8 miles. Turn right onto KY-994/Old Mayfield Rd. beside Bellview Baptist Church & continue 0.6 miles arriving at property on right. Property is bound by 3 roads including Old Mayfield Road, Bogart Schmidt Road, & Hendron Road. Signs posted.

Directions to Hendron Lions Club Auction Site: From I-24 Exit 7 travel southwest on Hwy 45/Lone Oak Rd. Turn left onto Bleich Rd. beside K-Mart & travel 1.8 miles. Turn right onto KY-994/Old Mayfield Rd. beside Bellview Baptist Church, arriving at Hendron Lions Club on right in 207 ft. Auction will be held here.


Property Description:
Consider +/- 20.9 acres located in the Lone Oak community of McCracken County. The property is +/- 80% wooded vs. +/- 20 % clear, bound on 3 sides by Old Mayfield Rd., Bogart Schmidt Rd., and Hendron Rd. with +/- 2,224’ of road frontage. There is income- producing hardwood currently present with more maturing in the next 5-10 years. Whether you are looking for a home site or looking for acreage to enjoy, this property is worth a look. A majority of the wooded area is low lying and there are some TVA transmission lines that cross the property. A nice building lot faces Old Mayfield Road and another wooded building lot faces Hendron Rd. There will be a floodplain map present on day of auction.

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. Bidders are responsible for their own inspections and verifications either before or during day of auction.

Procedure: Initial procedure determined by auctioneer.

Title: Fee Simple Absolute title delivered.

Deed: Seller will provide a 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 & Disclaimers: 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, no warranty or representation either expressed 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. 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.

Auctioneer’s Note: Any announcements made the day of the sale take precedence over printed material or any other oral statements made. 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 information.