Lot 1 offers an outstanding opportunity to purchase a beautiful 1.000 acre surveyed building tract located along State Highway 566 in the Magnolia community of Green County, Kentucky. This attractive parcel features open pastureland with gently rolling topography and an excellent setting for your future home, mini farm, or investment property.
The tract offers approximately 141.73 feet of frontage along Highway 566 and extends back with generous depth, providing both privacy and flexibility for improvements. According to the survey, the lot measures approximately 257.46 feet along the north boundary, 177.44 feet along the east boundary, and 301.72 feet along the south boundary. The property has been surveyed and clearly marked, making it ready for immediate development or recreational use.
This tract offers beautiful country views, a peaceful rural setting, and convenient access to Magnolia, Hodgenville, and Elizabethtown. Small acreage tracts in this area are increasingly difficult to find, making this an excellent opportunity for homeowners, investors, or anyone seeking a quality piece of Kentucky real estate.
Property Features Include:
• 1.000 Acre ± Surveyed Tract
• Approx. 141.73' Road Frontage on Hwy. 566
• Approx. 257.46' North Boundary
• Approx. 177.44' East Boundary
• Approx. 301.72' South Boundary
• Open & Gently Rolling Terrain
• Excellent Building Location
• Peaceful Rural Setting with Scenic Views
• Convenient Access to I-65, Bluegrass Parkway & Western Kentucky Parkway
• Approximately 1 Hour to Louisville & Bowling Green
• Under 2 Hours to Lexington
Online Real Estate Auction – 3 Bedroom + 2 Bath Home in Magnolia, Ky.
3660 State Highway 566, Magnolia, Ky 42757
Bidding Opens: Friday, April 24th at 10 AM
Bidding Ends: Thursday, May 14th at 6 PM
Preview Day: Saturday, May 9 from 2 - 6 PM
Don’t miss this opportunity to purchase a 3 bedroom, 2 bath home offered at online auction in Greene County. Conveniently located just minutes from Magnolia and within easy driving distance of Elizabethtown and Hodgenville, this property offers country living with accessibility.
The home features a practical floor plan with ample living space, generously sized bedrooms, and two full bathrooms. Situated along Highway 566, the property provides easy access while still offering a quiet rural setting.
Property Highlights:
3 bedrooms
2 bathrooms
Approximately 1,428 square feet
2 Acre ± Lot
Convenient rural location
Great opportunity for homeowners or investors
Whether you’re looking for a primary residence, rental property, or investment opportunity, this auction offers excellent potential.
Online Only Auction
Bidding Opens: Friday, April 24th at 10 AM
Bidding Ends: Thursday, May 14th at 6 PM
Preview Day: Saturday, May 9 from 2 - 6 PM
TERMS & CONDITIONS
PLEASE READ AND REVIEW THE TERMS THOROUGHLY PRIOR TO BIDDING.
IF YOU HAVE NOT READ AND UNDERSTAND THESE TERMS, PLEASE DO NOT BID. BY BIDDING ON THIS AUCTION, BUYER AGREES TO ALL TERMS AND CONDITIONS SET FORTH AND ENTERS INTO A CONTRACTUAL AGREEMENT TO PURCHASE THE ITEMS(S) UNDER THE FOLLOWING TERMS AND CONDITIONS:
Public Viewing: Saturday, May 9 from 2 - 6 PM
1. Conditions of Sale: This is an online auction and 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. 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.
2. Closing Info: A Buyer’s Premium of 10% is added to the high bid. Please take this into consideration when bidding. At the close of the auction, the successful Bidder will be emailed an Agreement to Purchase Contract to be executed and returned to Lawson Co. Auctioneers, LLC within twenty-four (24) hours of the completion of the auction along with 10% deposit of the total contract price. If deposit is not received, Lawson Co. Auctioneers LLC has the right to charge the credit card on the bidders account. The entirety of the remaining balance is due at closing on or before Fort-Five (45) days from Auction Day. Purchaser will be responsible for all wire transfers. Per the Contract, time is of the essence; you should proceed to closing within Fort-Five (45) days. Buyer and seller shall pay their respective closing cost as is customary in Kentucky. Possession shall be given to the successful Buyer(s) at closing.
3. Liquidated Damages: Successful Bidders not executing and returning their Contract with Earnest Money deposit within Forty Eight (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 additionally be liable for any and all costs incurred by Seller and Lawson Co. Auctioneers, LLC incurred in a subsequent resale of the property. If such action occurs, Lawson Co. Auctioneers, LLC hereby has the right to disperse the deposit as stated in the listing agreement and the buyer has no claims to such money or property being sold. Liquidated damages are to cover cost of auction, cost incurred by seller, labor cost and additional cost of auction as not defined in this agreement. These liquidated damages do not restrict the seller from suing the buyer for performance damages and/or any additional damages the seller suffers by the default of the buyer.
4. Other Conditions: 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.
Lawson Co. Auctioneers, LLC 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, Lawson Co. Auctioneers, LLC will reject the registration, and bidding activity will be terminated.
All Lawson Co. Auctioneers , LLC 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 4:00 p.m. receives a bid at 3:59 p.m., the close time of the auction automatically extends to 4:05p.m. The auto-extend feature remains active until no further bids are received within the 5 minute time frame.
5. Real Estate Brokerage Services Disclosure: Lawson Co. Auctioneers, LLC and their representatives are Exclusive Agents of the Seller(s). We do not represent the buyer(s) in any manner and we must be completely loyal and faithful to our client. Lawson Co. Auctioneers, LLC has auction listing for this transaction. All negotiations must be conducted through Lawson Co. Auctioneers, LLC.
6. Lawson Co. Auctioneers, LLC Involvement in this Contract: The seller and buyer hereby agree that Lawson Co. Auctioneers, LLC is a part of this contract and shall receive compensation as stated in the agreement hereto or as stated in the listing agreement hereby made a part of.
7. Restrictions: Real Estate is sold subject to any and all existing matter of record, and all easements, building use or zoning laws and regulations. Taxes and assessments will be pro-rated to the closing date.
8. Additional Auction Information: All information published, announced or contained herein was derived from sources believed to be correct; however, it is not guaranteed by the seller or the auctioneers. Personal on-site inspection of all property is recommended. The failure of any bidder to inspect, or to be fully informed as to the condition of the property, will not constitute grounds for any claim or demand for adjustment or withdrawal of bid, offer or deposit money after its opening tender. This includes but is not limited to public information such as easements, restrictions, zoning, right-of-ways, or any other information that can be obtained as public record in the appropriate county court house concerning subject properties.
9. Bidder Verification: Bidding rights are provisional, and if identity verification is questionable, Lawson Co. Auctioneers, has the right to reject the registration, and bidding activity will be terminated. The Seller and Lawson Co. Auctioneers reserve the right to preclude any person from bidding if there is any question as to the person’s credential as they are responsible for ANY and ALL activity involving their account. When using the web site you must obey any and all local state and federal laws. Violations will result in termination of web site use privileges.
10. Auctioneers right to bid: The Auctioneer, Agent, Broker, and auction staff shall have the option to bid and buy at this auction.
11. Lawson Co. Auctioneers, LLC., reserves the right to alter this agreement at any time. This will take place by updating this site. Please check back and review these terms as every time you use this site you are agreeing to the terms as they are written at that time.
12. Technical Issues: In the event there are technical difficulties related to the server, software, internet or any other online auction-related technologies, Lawson Co. Auctioneers, LLC reserves the right to extend bidding, continue the bidding or close the bidding. Neither the company providing the software, nor Lawson Co. Auctioneers, LLC, shall be held responsible for the failure of the software to function properly for any reason.
YOUR BID ON THIS AUCTION INDICATES BOTH AN UNDERSTANDING AND AN ACCEPTANCE OF THE TERMS OF THIS CONTRACTUAL AGREEMENT BETWEEN YOURSELF AND BOTH THE SELLER AND LAWSON CO. AUCTIONEERS AND THAT YOU, AS THE BIDDER, ARE PREPARED TO PURCHASE THE PROPERTY UNDER THE TERMS AND CONDITIONS OF THIS AUCTION.
