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Absolute Auction

Saturday, October 06, 2018  |  10:00 AM Eastern
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TWO FARMS 49.5 AC 3701 PARIS PIKE AND 57.5 AC 5850 PARIS PIKE GEORGETOWN KENTUCKY 40324
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Auction Announcement - Read terms & conditions !!

Auction Announcement - Read terms & conditions !!

Lot # 0 (Sale Order: 1 of 3)

If you are looking for a nice farm or great investment DON’T MISS THIS AUCTION OPPORTUNITY Go to www.foleyauctions.com for photos. Both farms will be sold from t...morehe 3701 Paris Pike location. We will offer the property on site and on-line simultaneously. If you can not attend personally you can bid on-line. Go to www.foleyauctions.com and sign up at on-line biding. The farms have not been surveyed and are selling by the deed all acreage estimates are approximate. Terms: - 6% buyer’s premium will be added to the final bid to determine the sale price.10% down day of auction with the balance due at closing in 45 days. This house was built before 1978 and may contain lead paint. All inspections must be made before the auction. SOLD AS-IS. AUCTION TERMS & CONDITIONS PROPERTY TAXES WILL BE PRORATED TO DATE OF DEED. AT THE CONCLUSION OF THE AUCTION THE WINNER WILL BE REQUIRED TO SIGN A PURCHASE AGREEMENT. THE SUCCESSFUL BIDDER HAS AN INSURABLE INTEREST IN THE PROPERTY AND SHOULD OBTAIN INSURANCE TO COVER THEIR INTEREST AS SOON AS POSSIBLE. THE PURCHASER WILL BE REQUIRED TO MAKE A NON-REFUNDABLE 10 % GOOD FAITH DEPOSIT TODAY. SHOULD THE PURCHASER DEFAULT, THE GOOD FAITH DEPOSIT WILL BE FORFEITED AND LEGAL ACTION MAY BE TAKEN AGAINST THE PURCHASER. IF THE SELLER IS UNABLE TO DELIVER A GOOD DEED, THE DOWN PAYMENT SHELL BE RETURNED TO THE PURCHASER AND THE AGREEMENT IS TERMINATED. THE GOOD FAITH DEPOSIT WILL BE PLACED IN FOLEY AUCTION & REALTY COMPANY, ESCROW ACCOUNT, WHICH IS A NON-INTEREST BEARING ACCOUNT. THE PROPERTY WILL BE CONVEYED BY DEED OF GENERAL WARRANTY. THIS AUCTION IS NOT SUBJECT TO FINANCING, APPRAISALS OR INSPECTIONS. THERE WILL BE A 6% BUYERS PREMIUM ADDED TO THE LAST BID TO DETERMINE THE FINAL SALE PRICE. THE BUYER WILL HAVE 45 DAYS TO CLOSE. BIDDERS SHOULD CAREFULLY VERIFY ALL INFORMATION AND MAKE THEIR OWN DECISIONS AS TO THE ACCURACY THEREOF BEFORE BIDDING. POSSESSION OF THE CROP LAND WILL BE RETAINED BY THE TENET UNTIL JANUARY 1ST 2019. THE TENET WILL HAVE THE RIGHT OF INGRESS AND EGRESS TO MANAGE AND HARVEST THE CROP. ALTHOUGH EVERY PRECAUTION HAS BEEN MADE TO ENSURE ACCURACY, NEITHER FOLEY AUCTION AND REALTY NOR THEIR AGENTS OR THE SELLER WILL BE RESPONSIBLE FOR ANY ERRORS OR OMISSIONS OF ANY INFORMATION. THIS PROPERTY IS TO BE SOLD AS-IS WITH NO WARRANTY. IT IS THE BUYER’S SOLE RESPONSIBILITY TO INSPECT THE PROPERTY AND BE SATISFIED AS TO ITS CONDITION BEFORE BIDDING. ALL INSPECTIONS MUST BE MADE BEFORE THE AUCTION. THIS INCLUDES LEAD BASED PAINT. THE FENCES ARE BELIEVED TO BE THE BOUNDARY LINES BUT ARE IN NO WAY GUARANTEED BY THE AUCTIONEER OR THE SELLERS. WE ARE SELLING BY THE DEED. THE BUYERS OF THE 5850 PARIS PIKE FARM WILL BE RESPONSIBLE FOR THE FENCE BETWEEN THEM AND SHEETER TUMEY. THE BUYER WILL BE ALLOWED TO USE THE PRESENT DRIVEWAY FOR EIGHT MONTHS AFTER CLOSING AT WHICH TIME THEY WILL BE RESPONSIBLE TO PUT IN THEIR OWN DRIVEWAY AND GET ALL PERMITS TO DO SO. EVERYONE THAT HAS THE CAPABILITY TO CLOSE HAS THE RIGHT TO BID. THIS INCLUDES THE AUCTIONEERS. LIBERTY IS RETAINED BY THE AUCTIONEERS TO BID UPON BEHALF OF ANY ABSENTEE BIDDERS AT ANY TIME DURING THE AUCTION. BY BIDDING AT THIS AUCTION TODAY, YOU ARE ACKNOWLEDGING ACCEPTANCE OF THESE TERMS AND CONDITIONS AND AGREE TO ABIDE BY ALL OF THEM. THE HOME AT 3701 PARIS PIKE WAS BUILT BEFORE 1978 AND MAY CONTAIN LEAD BASED PAINT. THE PURCHASE WILL SIGN A LEAD BASED PAINT WAIVER. THE HOUSE AT THE WEST CORNER OF 3701 PARIS PIKE IS NOT A PART OF THIS PROPERTY. THE SEPTIC SYSTEM IS ON THE FARM. THE OWNERS OF THAT PROPERTY WILL HAVE THE RIGHT TO MAINTAIN THE SYSTEM. THIS SYSTEM WILL REMAIN ON THE PROPERTY. OUR AUCTIONS ARE AUDIO AND VIDEO RECORDED. Buyers agree to participate in a non-simultaneous tax-deferred exchange to the sellers benefit FOLEY AUCTION AND REALTY LLC CHIP FOLEY CAI, AARE, CES, AUCTIONEER 134 NORTH BROADWAY, GEORGETOWN 505-867-3273 Sam Arnold Atty for the Estate

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3701 Paris Pike farm - 49.5 Acreage

3701 Paris Pike farm - 49.5 Acreage

Lot # 1 (Sale Order: 2 of 3)

The 3701 Paris Pike farm has a nice old home, barn, good crop land or pasture and over 2000 feet of frontage on Elkhorn Creek. The home has 4 bed rooms and 2 full baths,...more living room dining room and large eat in kitchen. The 2 car garage needs repair. There is a house at the west corner of the property that in not a part of this farm. The septic system for that property is on this property. We will have an auction preview on 3701 Paris Pike, Wednesday Sept 26 from 2:00 to 5:00 and 5850 Paris Pike Thursday Sept 27 2:00 to 5:00. If you can not make the preview call Chip Foley at 502-867-3273 for an appointment. We encourage everyone to look before they bid.

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5850 Paris Pike - 57.5 Acreage

5850 Paris Pike - 57.5 Acreage

Lot # 2 (Sale Order: 3 of 3)

The 5850 Paris Pike farm has 1 barn and will make excellent grazing land. This farm also has a trailer that is presently rented for $250.00. The new owner will be respons...moreible for the fence between them and Skeeter Tumey. We will have an auction preview on 3701 Paris Pike, Wednesday Sept 26 from 2:00 to 5:00 and 5850 Paris Pike Thursday Sept 27 2:00 to 5:00. If you can not make the preview call Chip Foley at 502-867-3273 for an appointment. We encourage everyone to look before they bid.

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