For Questions Call: 270-247-3253
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5+- acres will be offered in 2 tracts, multi-par bidding allowed for a combination of any or all tracts, bidding will be per tract.
A 10% Buyer’s Premium will be added to the final bid and included in the deed transaction sale price.
15% as down payment due within 48 hours of the close of the auction with balance in cash at closing on or before 30 days. The down payment may be in the form of wire, cashier’s check, personal check, or corporate check.
YOUR BIDDING IS NOT CONDITIONAL UPON FINANCING, SO BE SURE YOU HAVE ARRANGED FINANCING, IF NEEDED, AND ARE CAPABLE OF PAYING CASH AT CLOSING.
TERMS AND CONDITIONS
PROCEDURE: The property will be offered in multiple tracts, any combination of tracts, or as a whole property. The property will be sold in the manner resulting in the highest total sale price.
BUYERS PREMIUM: A 10% Buyer’s Premium will be added to the final bid and included in the deed transaction sale price.
DOWN PAYMENT: 15% as down payment on the day of the auction with balance in cash at closing on or before 30 days. The down payment may be in the form of cashier’s check, personal check, or corporate check. YOUR BIDDING IS NOT CONDITIONAL UPON FINANCING, SO BE SURE YOU HAVE ARRANGED FINANCING, IF NEEDED, AND ARE CAPABLE OF PAYING CASH AT CLOSING.
CLOSING: Closing shall take place on or before 30 days from auction date.
REAL ESTATE TAXES: All 2023 ad valorem taxes will be prorated at closing
SURVEY: The property will be sold by a new survey. Buyer is responsible for 50% of the cost of the survey
DISCLAIMER AND ABSENCE OF WARRANTIES: All information contained in this brochure and all related materials is subject to the Terms and Conditions outlined in the Purchase Agreement. ANNOUNCEMENTS MADE BY THE AUCTION COMPANY AT THE AUCTION PODIUM DURING THE TIME OF THE SALE WILL TAKE PRECEDENCE OVER ANY PREVIOUSLY PRINTED MATERIAL, OR ANY OTHER ORAL STATEMENTS MADE. The property is being sold on an “AS IS, WHERE IS” basis, and no warranty or representation, either express or implied, concerning the property is made by the Seller or Auction Company. Each potential bidder is responsible for conducting his or her own independent inspections investigations, inquires, and due diligence concerning the property. The information contained in this brochure is believed to be accurate but is subject to verification by all parties relying on it. No liability for its accuracy, errors, or omissions is assumed by the Seller or the Auction Company. All sketches and dimensions in this brochure are approximate. Except for any express warranties set forth in the sale documents, purchaser(s) assumes all risks thereof and acknowledges that in consideration of the other provisions contained in the sale documents, Seller and the Auction Company make no warranty or representation, express or implied or arising by operation of law, including an warranty of merchantability or fitness for a particular purpose of the property, or any part thereof, and in no event shall Seller or the Auction Company be liable for any consequential damages. Conduct of the auction and increments of bidding are at the direction and discretion of the auctioneer. The Seller and Auction Company reserve the right to preclude any person from bidding if there is any question as to the person’s credentials, fitness, etc. All decisions of the auctioneer are final.
NEW DATA, CORRECTIONS, AND CHANGES: Please arrive prior to scheduled auction time to inspect any changes, corrections, or additions to the property information.
Gilbertsville, Kentucky 42044
Saturday, June 3rd, 2023 @ 10AM
Property Address: 1117 Steamboat Road, Gilbertsville, KY 42044
The Estate of Ray D. Adams
Public Preview Date: Saturday, May 27th from 9-11 AM
WATERFRONT BRICK HOME SELLING IN 2 TRACTS!
Tract 1: Kentucky Lake Waterfront Brick home features 3600 sq ft under roof with 3 bedrooms and 2.5 baths. Abundance of space in the living room with waterfront views. Spacious kitchen area with great cabinet space. 1 Car Carport & 42X32 shop Building w/ concrete floor. For your dock area a Marine Railway exists. View this property & dream of the endless possibilities for your lake house all on 2.86 acres.
Tract 2: 2.43 acres of Kentucky Lake waterfront with boat access walkway.