House, Barn & 39.93 +/- Acres at Absolute Simulcast Auction

House, Barn & 39.93 +/- Acres at Absolute Simulcast Auction
Saturday, January 13th, 2024 at 10:30AM
431 James Howard Road Somerset, Ky

Previews: Thursday, January 4th, 2023 from 3:00 to 5:00 pm and Thursday, January 11th, 2023 from 3:00 to 5:00 pm

Step into the heart of rural charm with this enchanting property, featuring a delightful House, Barn, and an expansive 39.93+/- Acres of agricultural bliss. Currently functioning as a thriving grain farm, the property offers the perfect blend of modern comforts and countryside allure. The warm embrace of the living room and family room, complemented by a spacious kitchen and dining room combo, sets the stage for family gatherings. Enjoy the serenity of three bedrooms and two bathrooms, and let the wrap-around porch be your gateway to breathtaking views. Convenience meets country living with appliances staying with the home.

1. Tract #1 (2.92+/- Acres):

   • 🏡 Includes House, Barn, Detached Garage & Storage Buildings
   • 🌲 A cozy slice of countryside charm

2. Tract #2 (5.18+/- Acres):

   • 🏡 Ideal for building your dream home
   • 🌿 Embrace small-acreage living at its finest

3. Tract #3 (7.93+/- Acres):

   • 🏡 Perfect for your dream home or small farm
   • 🚜 Create your rural haven in this picturesque setting

4. Tract #4 (11.50+/- Acres):

   • 🏡 A small farm paradise across the road from the house
   • 🌲 Features a charming wooded tract of land

5. Tract #5 (12.40+/- Acres):

   • 🏡 Ideal for a small farm lifestyle
   • 🌾 Situated across the road from the house
TERMS: 20% deposit with the balance due in full in 30 days.  

NOTE:  There will be a 10% buyer’s premium added to the last bid to determine the final sales price.

Note:  The purchaser of a single -family residence built before 1978 has a maximum of 10 days to inspect the property of lead-based paint.  The period for inspections begins January 2nd through January 12th.  The successful bidder must sign a waiver of the 10-day post inspection period.

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 the auctioneers at 606-679-2212.

 Karl David Reynolds, Auctioneer 

REAL ESTATE TERMS:

Buyer's Premium: There will be a 10% Buyer’s Premium added to the winning bid to determine the final sale price.

EARNEST MONEY: 20% of the total sale price down as a non refundable earnest money at the close of the 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. 

MULTI-PARCEL AUCTION:  The property will be offered in tracts utilizing the multi-parcel method and selling in the manner that reflects the best returns for the sellers.  This concept gives each and every prospective buyer the ability to purchase his or her individual tract or combination.

MULTI-PARCEL "SIMULCAST" LIVE & ONLINE AUCTION INSTRUCTIONS/TERMS:

Ford Brothers, Inc.  Online Auctions are timed events, so time is of the essence. At Ford Brothers Multi-Parcel auctions, to bid you must proceed to the catalog.  Inside the catalog, you will need to bid on individual tracts of property, until combinations have been enabled. If you wish to bid on a combination of tracts, we suggest that you do not bid on individual tracts, because you can be placed in the lead on an individual tract of property at any time during the auction. Please check for announcements and notes from the software auctioneer in charge. There is NOT a max bid feature via the Multi-Parcel online auction platform.  There are lots of announcements and warnings during auction, giving each bidder fair warning the auction will be closing. Please place bids in a timely manner.  If you have any questions about bidding in the Multi-Parcel Simulcast format, be sure to give us a call at 606-679-2212.

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.

This 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.

REAL ESTATE TAXES AND CLOSING COSTS: All real estate taxes will be prorated for 2024. 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.

For more details, contact us today!

David Reynolds, Auctioneer