222 Acres in Tracts, 2 Houses & Barns - Absolute Live/Online Auction

ABSOLUTE LIVE/ONLINE ESTATE AUCTION

222 ACRES IN TRACTS –

2 HOUSES & BARNS

SATURDAY, JULY 11^TH @ 10:30 A.M.

998 & 1075 BROOKSTOWN RD., RICHMOND, KY

The owner of this prime farmland has authorized our firm to offer it at absolute auction.

TRACT 1 consists of 12.92 acres of crop and pasture and. It has approx. 780’ of blacktop road frontage, city water and pond. This tract is improved with an older 1.5 story brick home. The home has living room, kitchen, 3 bedrooms, and 2 baths. It has an unfinished basement and shingle roof. This house is in need of repairs. In addition to the house, there are 2 older barns.

TRACT 2 measures 97.88 acres of which is mostly cleared cropland and pastureland. This tract has approx. 400’ of road frontage and city water is available. This tract has a beautiful pond and offers multiple nice homesites.

TRACT 3 measures 84.05 acres. Again, this tract is primarily pasture and cropland. It has 805’ of road frontage and city water is available. This tract has a barn.

TRACT 4 has 27.05 acres, which is mostly pastureland with 1200’ of frontage. This tract is improved with a single story brick. This house is in need of work.

AUCTIONEER’S NOTE: Here is one that offers it all. If you want a few acres with a fixer upper, a small farm or larger operating farm, here is your chance to buy it at your own price. Be sure to mark your calendar now to attend this absolute auction or bid online.

PREVIEW: Wednesday, July 1^st & 8^th from 2-5 p.m.

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 July 1^st through July 10^th. 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: Real Estate- 20% down due day of sale, with balance in 30 days with deed.

Darrell Tate, Auctioneer

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.

222 Acres in Tracts, 2 Houses & Barns - Absolute Live/Online Auction

TRACT 1 - 12.92 ACRES

TRACT 2 - 97.88 ACRES

TRACT 3 - 84.05 ACRES

TRACT 4 - 27.05 ACRES

222 Acres in Tracts, 2 Houses & Barns - Absolute Live/Online Auction

TRACT 1 - 12.92 ACRES

TRACT 2 - 97.88 ACRES

TRACT 3 - 84.05 ACRES

TRACT 4 - 27.05 ACRES

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