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Auction Information
Auctioneer The Lancaster Agency, Inc. (270)692-6748
Auction Date Oct 29 Auction
Location
Cave Hill Rd
Lebanon, KY
Time 10:30AM
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Auction Listing
AuctionZip Auctioneer ID# 30801

ABSOLUTE AUCTION

SATURDAY - OCTOBER 29TH - 10:30 A.M.

RONNIE AND JULIANNA ORBERSON

23.5 ACRES - 3 TRACTS

2 PONDS - 36' X 48' BARN

MOBILE HOME & GORGEOUS VIEWS

CAVE HILL RD ( OFF OLD CALVARY PIKE ) CALVARY, KENTUCKY

The Lancaster Agency, Inc. has been commissioned by Ronnie & Julianna Orberson to sell at ABSOLUTE AUCTION this exceptional 23.5 acre spread of land in the heart of Calvary.

All 3 tracts have road frontage on the Cave Hill County Road, easy access to water & electricity, and those gorgeous views of the Calvary knobland!

TRACT 1 - 1.5 ACRES +/-

Tract 1 features a 1969 12' X 48' mobile home w/ a 12' X 16" addition in the rear. This tract also offers 2 outbuildings, nice shade trees around the home & 75' of frontage on the Cave Hill County Road!

TRACT 2 - 14.3 ACRES +/-

Tract 2 features a 36' X 48' barn in excellent condition, a pond, a couple of cleared areas offering the perfect spot to build your new home & several pockets of wooded areas! This tract also borders a creek on the west side & has 54' of frontage on the Cave Hill County Road!

TRACT 3 - 7.7 ACRES +/-

Tract 3 features a nice pond, a large cleared area offering those gorgeous views for your new home, some woods & 750' of frontage on the Cave Hill County Road! This tract borders the old L & N railroad right-of-way in which a main water line has been installed!

ORDER OF SALE

1st OFFERING

TO BE OFFERED AS A WHOLE - TRACTS 1 THROUGH 3 GROUPED TOGETHER, totaling 23.5 acres, per survey. This includes all the improvements on each tract.

2nd OFFERING - ROUND 1

TRACT 1 - TO BE OFFERED INDIVIDUALLY BY THE TRACT.

2nd OFFERING - ROUND 2

TRACTS 2 & 3 _ TO BE OFFERED BY THE ACRE, utilizing the 'pick & choose' auction method. The highest bidder will have the priority to select either tract, or both tracts, at the highest bid price per acre. The amount per acre will be multiplied by the number of acres in the tract, or tracts selected. If only one tract is selected, the bidding will be opened back up for the remaining tract.

3rd OFFERING

If the total amount in the 2nd OFERING exceeds the total amount in the 1st OFFERING, the highest bidder in the 2st OFFERING shall have the opportunity to group all 3 tracts back together ( 23.5 acres, per survey) for an additional $7,500 above the total amount attained in the 2nd OFFERING.

NO SALE IS FINAL UNTIL ALL OFFERINGS HAVE BEEN COMPLETED. THE REAL ESTATE WILL BE SOLD IN THE MANNER REALIZING THE MOST MONEY FOR THE SELLERS.

TERMS AND CONDITIONS

* There will be a 10% Buyers Premium added to each winning bid to determine the final sales and purchase price.

* The purchaser of any tract will pay a 20% deposit of their total final sales and purchase price the day of the auction. The balance will be due on or before November 29, 2016.

*2016 Real estate property taxes will be paid by the sellers.

THIS REAL ESTATE AND ALL IMPROVEMENTS ARE BEING SOLD AS IS.

Inspections are invited and encouraged. To inspect the real estate please call The Lancaster Agency, Inc. at (270) 692-6748 or toll free at 1-888-692-7655. You may also call Charles Lancaster, JR. at (270) 692-7270.

ANNOUNCEMENTS MADE THE DAY OF THE AUCTION SUPERCEDE ANY AND ALL PRIOR ANNOUNCEMENTS, DOCUMENTATION, BROCHURES, ADVERTISING, OR STATEMENTS, WHETHER ORAL, WRITTEN, OR OTHERWISE, REGARDLESS OF WHO MADE THEM OR WHEN THEY WERE MADE.

CHARLES E. LANCASTER, JR - PRINCIPAL BROKER/ AUCTIONEER

CHARLES E. LANCASTER, SR.  - AUCTIONEER

TOM BRAHM - AUCTIONEER

JOHN ARTHUR ELDER, III - APPRENTICE AUCTIONEER






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