100 +/- Acres, House, Barn, Vehicle, Farm Equipment, Tools and Personal Property at Absolute LIVE/Online Auction

Absolute Multi-Parcel Estate Auction of 100 +/- Acres, House, Barn, Vehicle, Farm Equipment, Tools and Personal Property
Saturday, April 13th, 2024 at 10:30 AM
881 Old Alcalde Rd, Somerset, Ky

 Preview Dates:  Thursday - April 4th from 3pm to 6pm and Thursday April 11th from 3pm to 6pm. 

Don't miss out on the opportunity of a lifetime! Join us for an Absolute Multi-Parcel Estate Auction on Saturday, April 13th, 2024, starting at 10:30 am at 881 Old Alcalde Road, Somerset, KY.

Nestled in the embrace of nature, this remarkable farm spans 100+ acres and boasts a charming house, a newer hay barn/shed, and a spacious garage, all set against the backdrop of a picturesque Pittman Creek. The possibilities are endless on this pristine property - whether you're envisioning a sprawling estate, a productive farm, or a tranquil retreat, this is your chance to make it a reality.

Tract #1 offers 94.43 acres of prime land, with over 360 feet of road frontage on Old Alcade road and approximately 4000 feet along the stunning Pittman Creek. From farmland to investment opportunities, the potential here is limitless. Immerse yourself in the scenic beauty and let the gentle sounds of the creek soothe your soul.

Tract #2, situated at the end of Old Alcade Road, features 5.76 acres of enchanting landscape, with approximately 934 feet along Pittman Creek. This tract includes a spacious 4-bedroom, 2-bathroom home with a full basement and a one-car garage. Additionally, you'll find a detached garage and a pole barn on the property, offering ample space for your vehicles, equipment, and storage needs.

Combine both tracts to unlock the full potential of this remarkable estate, totaling approximately 100 acres of opportunity. Just 3 miles off the 914 Bypass, this property offers easy access to modern conveniences while retaining the tranquility of rural living. Properties of this caliber are rare gems, and now you have the chance to make it yours at an absolute multi-par auction.

But that's not all! Explore the online personal property auction catalog to discover a treasure trove of vehicles, farm equipment, tools, antiques, and more. From tractors to shop equipment, there's something for everyone to bid on and make their own.  The 

Mark your calendars and seize the opportunity to own a piece of paradise. This auction is not to be missed!

Note: Small burial site in the middle of the farm, marked on plat.

TERMS: 20% down the day of the auction with the balance due in full within 30 days for the real estate. The vehicle, equipment and personal property will be sold online beginning at noon.  All these items must be paid for in cash, check or major credit card in full at the time of pickup.  The pickup will be on Monday, April 15th from Noon until 6:00 p.m. 

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 from April 2nd through April 12th, 2024.   The successful bidder must sign a waiver of the 10-day post-inspection period.

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

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 whether the information contained herein is accurate and complete.  The property is selling in its as-is condition with no warranties expressed or implied.

Announcements made the day of the auction take precedence over printed matter.

For additional information, contact Ford Brothers, Inc. Auctioneers at 606-679-2212.

Michael Broughton/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.

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 2023. 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.

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.

For more details, contact us today!

Michael Broughton, Auctioneer