1.511 acres fronting Molly Brown Rd. Acreage is all open with county water and electric available. The Meade County Water District water meter and private water line located on Parcel one is currently being used to supply water to the home on Parcel 2. Upon the closing date of Parcel 1, new owner of Parcel 2, should it be different new owner than Parcel 1, will be required to install a new meter and water line to the home on Parcel 2. Subject to hay being grown and harvested by Mr. Hardesty. Mr. Hardesty reserves the right to cut, harvest and remove hay from the real estate up to May 23rd, 2024. Selling subject to Meade County planning and zoning and Wright Acres plat restrictions. This lot passed a preliminary septic site test on Thursday, April 18th. It will be the responsibility of the new owner to formally apply for and conduct, at new owner's expense, a formal septic site test evaluation prior to building a residence.
ABSOLUTE AUCTION
ONLINE BIDDING ONLY ENDS
TUES., APRIL 23RD @ 4:00 PM EDT
LOCATED IN MEADE COUNTY at 2450 Molly Brown Road, Brandenburg, KY. 40108. From Highway 313 at Meade County Bank take Highway 79 three miles to Molly Brown Road and turn left, continue 2.4 miles to the property on the left (signs posted).
BARR REALTY & AUCTION CO., INC. has been selected by Ariel Combs to conduct this online Auction. Auctioneers Mark Barr, Stephen Barr, Jamie Barr, Chris Barr, Dennie Armes, Evan Barr, and Apprentice Eric Barr with offices in Hardinsburg and Brandenburg, KY.
14 ACRES - HOME - COUNTY WATER
Going on the auction block, selling by online bidding only, will be 14.643 acres, in a great location and zoned R4-Residential and A2-Agriculture, that is nearly all open land and in a good stand of grass. Parcel 1: 1.511 acres fronting Molly Brown Rd. All open with county water and electric available. Parcel 2: 1994 model, 28 ft. x 64 ft., 3 bedroom, 2 bath doublewide home with a block foundation that is situated on 3.095 acres that fronts Molly Brown Rd. The HVAC/Furnace unit and shingles appear to be updated. Other improvements include mature shade trees, chain-link fenced backyard, water well (condition unknown), outbuildings, and a concrete block foundation. County water is available. This home is currently considered uninhabitable and is in need of major repairs. Parcel 16A: 10.037 all open acres fronting Molly Brown Rd. County water and electric is available to the property.
Ariel Combs, Owner
TERMS & CONDITIONS: Parcel 1 and 16A will require a $15,000 deposit each and Parcel 2 will require a $5,000 deposit. All deposits are due within 48 hrs. of the auction ending time. Deposits to be made in the form of cash, cashier’s check, personal check with up-to-date bank letter guaranteeing funds, or wire transfer. Balances due by May 30th, 2024. POSSESSION: Date of new deed transfer only. TAXES: 2024 real estate taxes shall be pro-rated. BUYERS PREMIUM: A 10% buyer’s premium will be added to all winning bids to determine the final selling price. IMPORTANT NOTICE: All real estate and property sold in as is where is condition with no warranty or guarantee expressed or implied. Although information has been obtained from sources deemed reliable, neither the seller nor the auctioneer makes any warranty or guarantee, expressed or implied, as to the accuracy of the information herein contained. It is for this reason that buyers should avail themselves of the opportunity to inspect prior to the auction. All announcements from the auction block take precedence over any printed material or any oral statements made. Not responsible for accidents.
Real Estate Terms and Conditions:
NOTE: If you require any type of government guaranteed loan such as VA, FHA, RHS or KY Housing Corporation, PLEASE DO NOT BID! There are no financing contingencies for homes sold at auction. If you are obtaining financing it is recommended that you use a conventional type loan only. You should speak with your loan officer prior to bidding to ensure that the financing can be completed within the allowed time frame and according to the terms and conditions as shown on the purchase contract agreement and addendum.
2. 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 Agreement to Purchase Real Estate.
3. A Buyer’s Premium of 10% is added to the high bid. At the close of the auction, the successful Bidder will be emailed an Agreement to Purchase Contract to be executed and returned to Barr Realty & Auction Co., Inc. within Forty-Eight (48) hours. Successful Bidders will make their deposits in the form of cash, cashier’s check, or wire transfer with Barr Realty & Auction Co., Inc. within Forty-Eight (48) hours of the completion of the auction.
4. Purchaser will be responsible for all wire transfers.
5. Per the Contract, time is of the essence; you should proceed to closing within Thirty (30) days. Possession shall be given to the successful Buyer(s) at closing. Any closing fees charged by the buyer(s) lender or closing attorney will be a buyer(s) expense.
6. Successful Bidders not executing and returning their Contract with Earnest Money deposit within 48 hours of the conclusion of the auction will be considered in default. If your closing is delayed for any reason, by you, as purchaser or other parties working on your behalf, including any lender you involve, you may be declared in breach of this contract, forfeit all deposits made and could be additionally liable for any and all costs incurred by Seller and Barr Realty & Auction Co., Inc. incurred in a subsequent resale of the property.
7. Buyer(s) must be prepared to make a cash offer. There are no contingencies to this sale (i.e. financing, appraisal, repairs or inspections). Therefore, you should be pre-qualified by a lender prior to bidding if you require financing. This property is being sold for cash “as is, where is.” with a closing deadline.
8. SERVER & SOFTWARE TECHNICAL ISSUES: In the event there are technical difficulties related to the server, software or any other online auction-related technologies, Barr Realty & Auction Co., Inc. reserves the right to extend bidding, continue the bidding, or close the bidding. Neither the Company providing the software nor Barr Realty & Auction Co., Inc. shall be held responsible for a missed bid or the failure of the software to function properly for any reason.
9. Barr Realty & Auction Co., Inc. reserves the right to remove or cancel the bids and or bidding rights and privileges of any party at any time deemed not to be in the best interest of the seller. The identity of all bidders will be verified, bidding rights are provisional and if complete verification is not possible, Barr Realty & Auction Co., Inc. will reject the registration and bidding activity will be terminated.
10. Barr Realty & Auction Co., Inc. will make its best efforts to accept and submit your bids. However, due to possible equipment malfunctions, lapsed time due to internet connections or bidders not acting quickly enough we do not guarantee that a bid will be received and/or accepted. It is of no benefit to wait to the last second to submit a bid. In the event bidding is active the auto extend feature will automatically extend the time unless we inform you otherwise. It is for this reason that we highly recommend that you submit any and all bids as quickly as you can to ensure that it is received/accepted.
11. Auctioneers and/or a Barr Realty & Auction Company, Inc. representative have the option of reopening the bidding for any item if they deem a computer or electronic malfunction prevented a potential or existing bidder from placing bids. Even though a bidding time may have ended and the computer screen may show the bidding is CLOSED. The auctioneers and/or a Barr Realty & Auction Company, Inc. representative may reopen the bidding at their sole discretion.
12. Barr Realty & Auction Company reserves the right to change a bidder’s user name and/or password at any time for any reason.
13. Buyer acknowledges they are buying property “as is, where is”, without inspections or contingencies, Buyer(s) will rely on his/her own judgment and inspection.
14. Barr Realty & Auction Co., Inc. and their representatives are Exclusive Agents of the Seller(s).
15. Real Estate is sold subject to any and all existing matters of record and all easements building use or zoning laws and regulations.
16. All Barr Realty & Auction Co., Inc. Online Only Real Estate Auctions are timed events that have an auto-extend feature. Any bid placed within 5 minutes of the auction ending will automatically extend the auction for 5 minutes from the time the bid is placed. Example: If an auction scheduled to end at 12:00 p.m. receives a bid at 11:59 a.m., the close time of the auction automatically extends to 12:04 p.m. The auto-extend feature remains active until no further bids are received within the 5 minute time frame. Auto extend all extend feature.
17. IMPORTANT NOTICE: Bidders agree to keep their username and password confidential as they are responsible for ANY and ALL activity involving their account.
18. When using the website you must obey any and all local state and federal laws. Violations will result in termination of website use privileges.
19. Auction company employees and/or auction company may bid on auction items.
20. We gather aggregate information from this web site which may include but is not limited to: number of page visitors, most visited pages, any and all correspondence. All property sold “as is where is” condition with no warranty or guarantee expressed or implied. Although information has been obtained from sources deemed to be reliable, neither the seller nor the auctioneer makes any warranty or guarantee, expressed or implied as to the accuracy of the information herein contained. It is for this reason that buyers should avail themselves of the opportunity to make an inspection prior to the auction. All instant announcements from the auction company take precedence over any printed material or any oral statements made. Not responsible for accidents.
21. This is a binding agreement upon the buyer. If the buyer defaults on this agreement, the real estate can be sold again. The buyer will be responsible for paying the monetary difference between the selling prices and all expenses incurred in the resale including but not limited to advertising, promotion, sales fees, closing fees, buyers premiums, attorney fees and court costs.
22. Any and all bidders acknowledge, agree, and accept that Barr Realty & Auction Co., Inc. reserves the right to disclose or not to disclose, at their discretion, the identity of any bidders to other bidders after the completion of any auction.
