Auction Information
150 Acres in Monticello, KY
Master Commissioner Absolute Auction - Rare opportunity! Selling to the highest bidder! Great development potential! 150 +/- acres of farmland, mostly cleared with an amazing overlook of Conley Bottom Marina and an easy walk-to-the-water access adjacent to Houseboat Holler! This mostly flat to slightly rolling property has been a high-producing farm and will be offered in 31 tracts! Also included is a 3 bedroom/1 brick ranch home & some personal property including a 1979 Ford F-250 Pickup, bedroom suits, couches, chairs, washer/dryer, freezer, & other household goods. Great location near lake access & only 10 minutes to Monticello & 20 minutes to Somerset.
Auction conducted by Auction Solutions, LLC, assisted by Key Associates Waterfront Realty.
Auction Date: Saturday, May 19th 2012 at 10AM E.T.
Preview Date: Saturday, May 12th 2-5pm E.T.
Auction Location: On-site at 336 Hwy 2...
Auction Location: On-site at 336 Hwy 2393 Cumberland Ridge Rd Monticello KY
Auction Terms & Conditions:
A 6% Buyers Premium will be added to the winning bids to determine the final contract selling price for the property. The winning bidder will make a 10% Good Faith Deposit on the total purchase price of the real estate the day of auction, with bond approved by the Master Commissioner. The good faith deposit money shall be placed into an escrow account of John Paul Jones II, Wayne County Master Commissioner, with interest accruing on the unpaid balance at the legal rate of 12% per annum until paid, and the balance due within 30 days of the sale date and payable to the Master Commissioner. Should the Buyer default on the Purchase Contract, the deposit shall be retained by the Master Commissioner, until the courts instruct the distribution of funds. The Master Commissioner shall take the necessary action to have prepared all deeds, notes, bill of sale and all other legal documents necessary and required for the transfer of title from the owner to the purchaser, with the cost of such documents including deed tax when required to be borne by the owners. The Seller agrees to provide the Buyer a Master Commissioner Special Warranty Deed. In addition to the total purchase price of said real estate, Buyer will pay for recording of deed and the preliminary title exam on the said real estate. Seller will pay for all other deed expenses. Buyer will be responsible for the entire 2012 Tax Bill for said real estate. Possession will be given with delivery of deed. Closing will be determined following court approval of sale and distribution of proceeds. Real Estate sold in As Is condition without warranties of any kind. Buyer will waive the right to test for lead base paint and be required to sign a Lead Base Paint Disclosure Form. Buyer is to verify lot size, square footage, restrictions, floodplain, and taxes. Auctioneer/Broker/Seller will not be liable for this information. *Any Announcements made the day of the Auction take precedence over printed material or any other oral statements made. This property is a court order Master Commissioner Auction. Auction Conducted Through Master Commissioner John Paul Jones II. Vanda Guffey, et al vs. Ronald Gossage, et al Wayne Circuit Court, Case No. 09-CI-00045.
Personal Property: All personal property and household furniture belonging to the Estate of Roxie Gossage. This includes a 1979 Ford F-250, Bedroom Suits, Couches, Chairs, Washer/Dryer, Freezer, and other household goods. Terms & Conditions on Personal Property: A 10% Buyers Premium will be added to the highest winning bid to determine the final selling price. A 6% sales tax will be added to the final selling price. All items to be paid for and removed the day of the auction. Neither the Auctioneers, Agents, nor Sellers shall be responsible for any errors or omissions herein. All Statements made the day of the auction by Auctioneer supersede any written or printed material.
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From Somerset:
Take W. Hwy 90 toward Monticello for 10.3 miles, turn Right onto Hwy 1275 & proceed 4.7 miles, turn right onto Hwy 2393 (Cumberland Ridge Rd.), then go approx. 1/4 mile, property is on the right. Look for signs.
From Monticello:
Take Hwy 1275 West 5.7 miles, Left onto Hwy 2393 (Cumberland Ridge Rd.), then go approx. 1/4 mile, property is on the right. Look for signs.
From Lexington/Cincinnati:
Take I-75 South to Mt. Vernon exit 62, turn right and follow Hwy 25/150/461 which turns into Hwy461 for approx. 19 miles, turn Right onto E. Hwy 80 toward Somerset, then proceed 6 miles to Hwy 914. Take a left & travel 7.2 miles to S. Hwy 27. Take a left and go 2.2 miles to W. Hwy 90 (TAKE SOMERSET DIRECTIONS FROM THERE)
From Louisville: Take I-64 to Lexington: (TAKE LEXINGTON DIRECTIONS)
From Nashville: Take I-65 north to Exit 43, Louie B Nunn/Cumberland Parkway & continue 86 miles to Somerset, exit onto Hwy 914 & go about 6.5 miles to S. Hwy 27. Take a right & go 2.2 miles to W. Hwy 90. (TAKE SOMERSET DIRECTIONS)
From Knoxville: Take I-75 north to Exit 41 (London, KY). Take a left on Hwy 80 toward Somerset about 29 miles to Hwy 914. Take a left & travel 7.2 miles to S. Hwy 27. Take a left and go 2.2 miles to W. Hwy 90 (TAKE SOMERSET DIRECTIONS FROM THERE)