Online Auction
Of
Mae Beshear and the Late Carter Beshear
House, Building, Detached Garage
And 4.13 Acres in Tracts
Bidding Ends: Thursday, October 24th
At Approx. 6:00 p.m.
200 Ferry Road – Somerset
Directions: From the 914 bypass and Oakhill intersection, take Oak Hill Road approximately two miles to Ferry Road and turn right. The property is 2/10 miles on your right. Auction signs are posted.
No longer able to care for this property, we have been authorized by Ms. Beshear to offer this property through auction.
Tract #1 consists of .60 acres (all cleared) and fronts Ferry Road approximately 89 feet. This unrestricted tract would not only be an ideal home site but would also be an excellent business/commercial location or storage facility site.
Tract #2 having 110 ft of frontage along Ferry, measures .74 acres (all cleared). This tract would also be the ideal site for placing a home or business location.
Tract #3, measuring .91 acres, is improved with this spacious home and detached garage. This historic home is over 100 years old and is enriched with character and charm! Upon entry from the front porch you find an open staircase leading to the upstairs, which has four bedrooms (two of the bedrooms are adjoining and two are private) and a full bath.
On the main level, there is a spacious living room in view of the dining room, excellent for family entertaining. To the right is a master bedroom suite. The master bath has combination tub and shower, double vanity and a separate walk in shower. Also on the main level is a full kitchen and enclosed porch. There is also a basement, ideal for storage space.
Outdoors there is an inviting patio with covered breezeway leading to the two car garage. There is also a small outbuilding for tool/lawn storage. For your protection, this home does have a security system.
Tract #4 consists .57 acres and is improved with a building measuring approximately 90’x50’ ft. This building has pull through doors and a height allowing storage of your motor home, etc. This tract has separate electric and is currently rented on a month to month basis. This tract could be used for your personal use or for investment property!
Tract #5 has .67 acres with 88 ft of frontage along Ferry Road. This tract has a garage measuring 40’x30’ with sliding doors on both ends. This is another lot that would not only be ideal for a home site but would be a great commercial site!
Tract #6 has approximately 89 ft of frontage along Ferry Road and contains .61 acres. This tract has endless possibilities being so conveniently located and unrestricted!
AUCTIONEERS NOTE: These small tracts so conveniently located are a rare find! Choose the tract that best fits your needs or you may choose to purchase the entire property 4.13 Acres! This property offers a unique home, commerical and garage type buildings. (Restrictions apply - see attached files! Make plans now to attend this auction on October 24th, 2013.
TERMS: 20% deposit within 48 hours of sale completion. The balance will be due within 30 days.
Note: The purchaser of a single-family residence built before 1978 has a period of ten days to inspect the property for the presence of lead based paint. The inspection period is October 13th through October 23rd. The successful bidder must sign a waiver of the 10-day post-inspection period.
Note: There will be a 10% buyer's premium added to the last bid to determine the final sales price.
NOTE: This will be a multi-parcel absolute auction, giving each and every prospective purchaser the ability to purchase any or all tracts or combination of tracts.
AUCTIONEER/BROKER/SELLER DISCLAIMER: The information contained herein is believed to be correct to the best of the auctioneer’s knowledge. The information is being provided for the bidder’s convenience and it is the bidder’s responsibility to determine the information contained herein is accurate and complete. The property is selling in its “as-is” condition with no warranties express or implied.
For additional information contact the auctioneers at 606-679-2212.
Announcements made the day of the auction take precedence over printed matter.
NOTE: There will be a 10% Buyer’s Premium added to the winning bid to determine the final sale price.
PROPERTY IS OFFERED UNDER THE SPECIFIC TERMS PROVIDED IN THE PURCHASE CONTRACT. PLEASE READ AND REVIEW THE CONTRACT THOROUGHLY PRIOR TO BIDDING ON ANY PROPERTY. IF YOU HAVE NOT READ AND REVIEWED THE CONTRACT FOR SALE OF REAL ESTATE, DO NOT BID.
AUCTION END TIME: Thursday, October 24th, 2013 at approximately 6:00 p.m.
Ford Brothers, Inc. Real Estate Online Auctions are timed events and all bidding will close at specified time. Ford Brothers, Inc. Real Estate Online Auctions also have an auto extend feature. If a bid is placed in the final 5 minutes of an auction, the auction ending will be automatically extended 5 minutes from the time the bid was placed. Example: if an auction scheduled to close at 6:00 receives a bid at 5:59, the close time will automatically extend 6:05.The auto extend feature remains active until no further bids are received within a 5 minute time frame.
REFRESH YOUR SCREEN CONSTANTLY DURING THE CLOSING MINUTES OF THE BIDDING
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.
TERMS: 20% of the total sale price down as a non refundable earnest money in the form of a certified check, cash or wire transfer within 48 hours of the close of 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.
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 Contract for Sale of Real Estate.
GOOD INSURABLE GENERAL WARRANTY DEED AT CLOSING.
BUYER’S PREMIUM: There will be a buyer’s premium of 10% added to the bid price to arrive at final purchase price. Example: Bid Price $100,000 plus $10,000 (10% buyer’s Fee) equals purchase price of $110,000.
AUCTION BIDDER DEFAULT: Successful bidder not executing and returning the contract with earnest money deposit within 48 hours of the conclusion of the auction will be considered in default. In the event a winning bidder fails to submit the signed Contract for Sale of Real Estate and 20% earnest money deposit, the winning bidder will be charged a penalty fee of $5,000.00 on the credit card provided at auction registration. Additional default remedies are reserved by Ford Brothers, Inc. and the Seller as provided in the Auction Terms and Conditions and the Contract for Sale of Real Estate. Ford Brothers, Inc. reserves the right to sell to the second-highest bidder in the event the successful high bidder does not comply with the terms of the sale.
Any dispute between Ford Brothers, Inc, its Agents or Representatives and the Buyer(s) will be tried in a court of jurisdiction in Laurel County, Kentucky. By bidding on the property, buyer agrees to all terms and conditions set forth.
Acceptance of Bid Prices: Successful bidder(s) will be required to enter into a purchase agreement immediately following the close of the auction. Ford Brothers, Inc. will e-mail documents to be executed and said documents should be faxed or e-mailed back to Ford Brothers, Inc. within 48 hours of the end of the auction. Successful bidders not executing and returning contracts with earnest money deposit within 48 hours will be considered in default. Any and all inspections that a buyer may want must be done at buyer’s expense prior to the close of the online bidding. Ford Brothers, Inc.'s Agents, Representatives or Employees may bid.
Title: As specified in the Contract for Sale of Real Estate
Deed: As specified in the Contract for Sale of Real Estate
Possession: As specified in the Contract for Sale of Real Estate
Real Estate Taxes and Closing Cost: All real estate taxes will be prorated for 2013. 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.
Easements: Subject to any and all easements of record, including road easements and utility easements There is an easement for a Delta Natural Gas line on the west end of the property.
Zoning: This property is subject to all state and local zoning ordinances.
Bidder Verification: The identity of all bidders will be verified, bidding rights are provisional, and if complete verification is not possible, Ford Brothers, Inc. will reject the registration, and bidding activity will be terminated. The Seller and Ford Brothers, Inc. reserve the right to preclude any person from bidding if there is any question as to the person’s credentials, fitness, etc. Bidders agree to keep their username and password confidential as they are responsible for ANY and ALL activity involving their account. When using the web site you must obey any and all local state and federal laws. Violations will result in termination of web site use privileges.
Agency: Ford Brothers, Inc.' Agents and Representatives are agents of the Seller. Buyer and or Bidder agrees to hold harmless and indemnify Ford Brothers, Inc. and its Agents and its Representatives from any and all claims, damages or suits including but not limited to awards, judgments, costs, fees, etc.
NEW DATA, CORRECTIONS, AND CHANGES: Please check for updated information prior to scheduled auction time to inspect any changes, corrections, or additions to the property information. Disclaimer & Absence of Warranties: All information contained in this information packet and all related materials are subject to the terms and conditions outlined in the Contract for Sale of Real Estate agreement. The property is being sold on an “AS IS, WHERE IS” basis, and no warranty or representation either expressed or implied, concerning the property is made by the Seller or Ford Brothers, Inc. Agents or Representatives. All sketches and dimensions in the brochure are approximate. Each potential bidder is responsible for conducting his or her own independent inspections, investigations, inquiries, and due diligence concerning the property. The information contained in the brochure and on the website is subject to verification by all parties relying on it. No liability for its accuracy, errors, or omissions is assumed by the Seller, Ford Brothers, Inc., Agents or Representatives. Conduct of the auction and increments of bidding are at the direction and discretion of the Auctioneer. All decisions of Ford Brothers, Inc. are final. Any dispute between Ford Brothers, Inc., its Agents or Representatives and the Buyer(s) will be tried in a court of jurisdiction in Laurel County, Kentucky. By bidding on the property, buyer agrees to all terms and conditions set forth.
Auctioneer/Broker/Seller Disclaimer: The information contained herein is believed to be correct to the best of the auctioneer’s knowledge. The information is being provided for the bidder’s convenience and it is the bidder’s responsibility to determine the information contained herein is accurate and complete. The property is selling in its ‘as-is’ condition with no warranties expressed or implied.
For additional information, contact Ford Brothers, Inc. Auctioneers - Realtors at 1-800-526-9430.