43.38 acres of cleared pasture and cropland. It has approx. 618’ of frontage along Colonel Rd. This tract also has a billboard. Purchaser will be responsible for negotiating lease agreement of billboard. Being sold subject to older cemetery with ingress & egress access.
ABSOLUTE ONLINE ONLY ESTATE AUCTION
129.85 ACRES PRIME DEVELOPMENT/FARM PROPERTY
& PERSONAL PROPERTY
BIDDING ENDS FRIDAY, DECEMBER 12TH @ 5 P.M.
2435 COLONEL RD., RICHMOND, KY
BETWEEN RICHMOND & LEXINGTON
TRACT 1 has 1.38 acres and is improved with a brick house. The house has a living room, eat-in kitchen, 3 bedrooms, 1.5 baths, full unfinished basement, screened in porch and attached garage. The house has central heat & air, shingle roof, hardwood floors, lots of kitchen cabinetry, Thermopane windows and more. Double wrought iron security gates lead to blacktop circular drive. There is approx. 100’ of frontage along Colonel Rd.
TRACT 2 consists of 85.09 acres of cleared pasture and cropland. It is improved with a cattle barn measuring approx. 40x96 set up and ready to work cattle. There is approx. 1,582’ of frontage along Colonel Rd., 2 ponds on this tract and also a billboard for extra income. The purchaser will be responsible for negotiating lease agreement on billboard.
TRACT 3 consists of 43.38 acres of cleared pasture and cropland. It has approx. 618’ of frontage along Colonel Rd. This tract also has a billboard. Purchaser will be responsible for negotiating lease agreement of billboard. Sold subject to older cemetery with ingress & egress access.
AUCTIONEER’S NOTE: If it’s property in a great location, convenient to Richmond or Lexington for development or farming that you’re looking for, you need to check this one out. It has 4,318’ of frontage parallel to I-75 and over 2,300’ along Colonel Rd. The farm backs up to farms on each side and is visible from I-75. Property is presently zoned agricultural. There is 1300’ of wood plank fencing & woven wire around the remainder of property. Portions of tracts 2 & 3 are in a flood plain.
PREVIEW: Friday, December 5th & 12th from 2-5 p.m. or by appointment.
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 December 2nd through December 11th. The successful bidder must sign a waiver of the 10-day inspection period.
AUCTION PREMIUM: A 10% Auction Premium will be added to the winning bid to determine the final sale price.
TERMS: 20% down due within 48 hours of close of bidding, with balance in 30 days with deed.
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.
Danny Ford, Auctioneer
REAL ESTATE TERMS:
Auction Premium: There will be a 10% auction premium added to the winning bid. The sum of the winning bid plus the auction premium will be the sales price. Example: Bid Price $100,000 plus $10,000 (10% auction premium) equals purchase price of $110,000.
EARNEST MONEY: 20% of the total sale price due 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 Sales and Purchase Agreement.
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 Sales and Purchase Agreement.
GOOD INSURABLE GENERAL WARRANTY DEED AT CLOSING.
REAL ESTATE TAXES AND CLOSING COSTS: All real estate taxes will be prorated for 2025. 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 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. If you have any questions about bidding in the multi-parcel format, be sure to give us a call at 606-256-4545.
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.
