Absolute Online Only Multi Par Auction
9555 W. Hwy 80 & Haney Lane Properties, Nancy, Ky
42544 Bidding Ends Monday November 17th, 2014 @4:30p.m. EDT
Directions: From Somerset, go 9.5 miles to the Nancy community, Haney Lane is on the left, across from the Nancy Funeral Home.
Preview Dates: Monday November 10th & Monday November 17th 2:00p.m. -4:00p.m. EDT
This is a property consisting of 4 lots that total up to 1.07 acres altogether. All of these homes, ( at the time of this print) are currently rented and bringing in a total of $ 2150.00 per month. Landlord does pay water bill, and lawn care. Currently all homes are on one water meter which is located on lot 1, but the other 3 water meters have been purchased and will transfer to the buyer and will be the option and responsibility of the buyer to be installed, if so desired. Each home on each lot has their own septic tank and system.
All lots have ample road frontage on Haney Lane. Haney Lane is a county maintained road, but the postal service does deliver on the road, the mailboxes are placed on highway 80, near lot 1.
LOT -1 -- 9555 W. Hwy 80, Nancy, Ky 42544
Lot 1 is a 0.29 acre lot with 88 feet of frontage on West Highway 80 in the heart of the Nancy Community. Lot 1 has 143 feet of road frontage on Haney Lane. This lot, with highway 80 frontage, is within eye-sight of several Nancy businesses, such as Dollar General, Nancy Pawn, S&S Tanning, Nancy Supply Feed Store, Nancy Funeral Home, and Hometown IGA. Although this lot currently includes a mobile home and is used for residential rental property, the commercial potential is there. The included mobile home is a 14ft X 60ft home and does come with a title. This is a 2 bedroom, 1 full bath with a shower only. Other features include : washer and dryer hook ups, cook stove and refrigerator included, Central heat only, but a window A/C unit is included. The flooring is a combination of carpet and linoleum. Just added are paneling throughout most of the mobile home in 2011, Painted and new carpet & vinyl in March 2014, Front & back decks built in 2009, and new back door & storm door in 2011. There is also included a 12ft X12ft outbuilding on the property. The mobile home currently has a tenant and is rented for $ 500.00 per month.
LOT -2 -- 40 Haney Lane, Nancy, Ky 42544
Lot 2 is a 0.24 acre lot with a home and outbuilding ( white home with green roof) Lot 2 has 125 feet of road frontage on Haney Lane. The home is just under approx. 1000 sqft with 3 bedrooms and 1 full bath with a tub shower combo. Other features include : central heat and air, cook stove and refrigerator included, washer and dryer hook ups, full length concrete front porch, wooden back deck, carpet and linoleum flooring, metal roof and vinyl siding. A 8ft X 10ft outbuilding is also included. The metal roof on this house is approx. 3 years old. house was gutted with all new insulation and drywall im 2006. New breaker box and central heat and air unit in 2007. New back door in 2012. Back deck was added in 2012, Concrete front porch and posts with gutters in 2012, & 2014. Also had windows updated approx. 5 years ago. This home currently has a tenant and is rented for $ 600.00 per month.
LOT -3 -- 64 Haney Lane, Nancy, Ky 42544
Lot 3 is a 0.30 acre lot with a home and outbuilding ( brown house with red/maroon roof) Lot 3 has 155 feet of road frontage on Haney Lane. This home is just under approx. 1000 sqft with 2 bedrooms and 1 full bath featuring a garden tub with a shower head. Other features include: full length concrete porch, wooden back porch, cook stove and refrigerator included, washer and dryer hookup, linoleum and tile flooring, block foundation, metal roof, and vinyl siding. A 10ft X 8ft outbuilding is also included. The metal roof on this house is approx. 1 year old. Also had windows updated approx. 5 years ago. house was gutted with all new insulation, drywall, 7 wiring in 2005. New light fixtures in 2009, ceramic tile and vinyl in 2005, new gutters in 2014, new front door & back door in 2009. Lot also features a nice Chesnut tree in the front. This home currently has a tenant and is rented for $ 600.00 per month.
LOT -4 -- 100 Haney Lane, Nancy, Ky 42544
Lot 4 is a 0.24 acre lot with a home an outbuilding ( gray country house and end of lane) Lot 4 has 119 feet of road frontage on Haney Lane. This home is approx. 900 sqft with 1 bedroom, 1 full bath with a shower/tub combo, and a bonus room. Features include : refrigerator included, wood burning heat stove included, metal roof. This home has no central heat or air. Heat is provided by wood stove. Lot also features 2 beautiful Hickory Nut trees, and a 15ft X 12ft outbuilding. Back porch was enclosed, with walls insulated to hold washer & dryer hookups and hot water heater. Vinyl siding in 2003. New front deck in 2014. New carpet and vinyl in July 2014.The outbuilding currently does encroach onto the adjoining property, but the building is on blocks and could be moved in the future if needed. This home currently has a tenant and is rented for $ 450.00 per month.
TERMS: 20% deposit within 48 hours of sale completion. The balance will be due within 30 days.
Note: There will be a 10% buyer’s premium added to the last bid to deterine 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 the information contained herein is accurate and complete. The property is selling in its “as-is” condition with no warranties express or implied.
For additional information contact the auctioneers at 606-679-2212.
Announcements made the day of the auction take precedence over printed matter.
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Note: There will be a 10% buyer’s premium added to the last bid to deterine the final sales price. <br>
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NOTE: This will be a multi-parcel absolute auction, giving each and every prospective purchaser the ability to purchase any or all tracts or combination of tracts. <br>
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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 express or implied. <br>
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For additional information contact the auctioneers at 606-679-2212.<br>
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Announcements made the day of the auction take precedence over printed matter.<br>
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PROPERTY IS OFFERED UNDER THE SPECIFIC TERMS PROVIDED IN THE PURCHASE CONTRACT. PLEASE READ AND REVIEW THE CONTRACT THOROUGHLY PRIOR TO BIDDING ON ANY PROPERTY. IF YOU HAVE NOT READ AND REVIEWED THE CONTRACT FOR SALE OF REAL ESTATE, DO NOT BID. <br>
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AUCTION END TIME: Tuesday, Monday, November 17th at 4:30 p.m.<br>
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Ford Brothers, Inc. Real Estate Online Auctions are timed events and all bidding will close at specified time. Ford Brothers, Inc. Real Estate Online Auctions also have an auto extend feature. If a bid is placed in the final 5 minutes of an auction, the auction ending will be automatically extended 5 minutes from the time the bid was placed. Example: if an auction scheduled to close at 6:00 receives a bid at 5:59, the close time will automatically extend 6:05.The auto extend feature remains active until no further bids are received within a 5 minute time frame. <br>
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REFRESH YOUR SCREEN CONSTANTLY DURING THE CLOSING MINUTES OF THE BIDDING<br>
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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. <br>
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TERMS: 20% of the total sale price down as a non refundable earnest money in the form of a certified check, cash or wire transfer within 48 hours of the close of 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. <br>
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This online only 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.<br>
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GOOD INSURABLE GENERAL WARRANTY DEED AT CLOSING. <br>
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BUYER’S PREMIUM: There will be a buyer’s premium of 10% added to the bid price to arrive at final purchase price. Example: Bid Price $100,000 plus $10,000 (10% buyer’s Fee) equals purchase price of $110,000. <br>
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AUCTION BIDDER DEFAULT: Successful bidder not executing and returning the contract with earnest money deposit within 48 hours of the conclusion of the auction will be considered in default. In the event a winning bidder fails to submit the signed Contract for Sale of Real Estate and 20% earnest money deposit, the winning bidder will be charged a penalty fee of $5,000.00 on the credit card provided at auction registration. Additional default remedies are reserved by Ford Brothers, Inc. and the Seller as provided in the Auction Terms and Conditions and the Contract for Sale of Real Estate. Ford Brothers, Inc. reserves the right to sell to the second-highest bidder in the event the successful high bidder does not comply with the terms of the sale. <br>
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Any dispute between Ford Brothers, Inc, its Agents or Representatives and the Buyer(s) will be tried in a court of jurisdiction in Wayne County, Kentucky. By bidding on the property, buyer agrees to all terms and conditions set forth.<br>
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Acceptance of Bid Prices: Successful bidder(s) will be required to enter into a purchase agreement immediately following the close of the auction. Ford Brothers, Inc. will e-mail documents to be executed and said documents should be faxed or e-mailed back to Ford Brothers, Inc. within 48 hours of the end of the auction. Successful bidders not executing and returning contracts with earnest money deposit within 48 hours will be considered in default. Any and all inspections that a buyer may want must be done at buyer’s expense prior to the close of the online bidding. Ford Brothers, Inc.'s Agents, Representatives or Employees may bid.<br>
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Title: As specified in the Contract for Sale of Real Estate <br>
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Deed: As specified in the Contract for Sale of Real Estate<br>
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Possession: As specified in the Contract for Sale of Real Estate<br>
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Real Estate Taxes and Closing Cost: All real estate taxes will be prorated for 2014. 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.<br>
The seller will pay for deed preparation and deed tax.<br>
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Easements: Subject to any and all easements of record, including road easements and utility easements There is an easement for a Delta Natural Gas line on the west end of the property.<br>
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Zoning: This property is subject to all state and local zoning ordinances. <br>
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Bidder Verification: The identity of all bidders will be verified, bidding rights are provisional, and if complete verification is not possible, Ford Brothers, Inc. will reject the registration, and bidding activity will be terminated. The Seller and Ford Brothers, Inc. reserve the right to preclude any person from bidding if there is any question as to the person’s credentials, fitness, etc. Bidders agree to keep their username and password confidential 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.<br>
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Agency: Ford Brothers, Inc.' Agents and Representatives are agents of the Seller. Buyer and or Bidder agrees to hold harmless and indemnify Ford Brothers, Inc. and its Agents and its Representatives from any and all claims, damages or suits including but not limited to awards, judgments, costs, fees, etc.<br>
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NEW DATA, CORRECTIONS, AND CHANGES: Please check for updated information prior to scheduled auction time to inspect any changes, corrections, or additions to the property information. Disclaimer & Absence of Warranties: All information contained in this information packet and all related materials are subject to the terms and conditions outlined in the Contract for Sale of Real Estate agreement. The property is being sold on an “AS IS, WHERE IS” basis, and no warranty or representation either expressed or implied, concerning the property is made by the Seller or Ford Brothers, Inc. Agents or Representatives. All sketches and dimensions in the brochure are approximate. Each potential bidder is responsible for conducting his or her own independent inspections, investigations, inquiries, and due diligence concerning the property. The information contained in the brochure and on the website is subject to verification by all parties relying on it. No liability for its accuracy, errors, or omissions is assumed by the Seller, Ford Brothers, Inc., Agents or Representatives. Conduct of the auction and increments of bidding are at the direction and discretion of the Auctioneer. All decisions of Ford Brothers, Inc. are final. Any dispute between Ford Brothers, Inc., its Agents or Representatives and the Buyer(s) will be tried in a court of jurisdiction in Pulaski County, Kentucky. By bidding on the property, buyer agrees to all terms and conditions set forth.<br>
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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. <br>
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For additional information, contact Ford Brothers, Inc. Auctioneers - Realtors at 1-800-526-9430.