House & 21 +/- Acres in Tracts at Absolute Live/Online Auction

House & 23 +/- Acres in Tracts at Absolute Live/Online Auction
Saturday, May 11th, 2024 at 10:00AM CST
305 Cape Rd. Jamestown, Ky

Immerse yourself in the beauty of rural living with our Absolute Live/Online Auction featuring a captivating property nestled in the Union Chapel/Bryan Community, just moments away from the serene Cumberland River. Join us for an extraordinary opportunity to bid on this picturesque estate, boasting 23+/- acres divided into four enticing tracts, each offering its own unique charm and potential, surrounded on the back of the tracts with a beautiful creek.

Tract #1: Spanning 3.70 acres, this tract is a woodland haven adorned with marketable timber and a quaint outbuilding, perfect for nature enthusiasts seeking tranquility.

Tract #2: Embrace the comforts of home on 6.85 acres featuring a charming brick house with three bedrooms, a cozy wood-burning fireplace, a spacious kitchen/dining area, and a versatile great room. A semi-finished basement and a sprawling covered deck enhance the allure of this idyllic retreat. Additionally, a large garage, barn, and shed complete the landscape, blending harmoniously with nature's splendor.

Tract #3: Delve into the wilderness on 8.59 acres of untamed timberland, offering boundless opportunities for exploration and adventure in a secluded sanctuary.

Tract #4: This tract has 4.17 acres that include a creek bottom and timberland, this tract invites you to immerse yourself in the serenity of nature, promising a peaceful escape from the hustle and bustle of everyday life.

Enhanced by city water accessibility, this auction presents a rare chance to secure your slice of rural paradise. Don't miss your opportunity to bid on this exceptional property and embark on a journey of rural living at its finest.

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!

Jim Edmonds, Auctioneer