We are pleased to bring to you at online auction this 5+/- acre tract located in Somerset Kentucky at online auction. This property contained a home at one time that has since burned with the foundation remaining. Would make a great, quiet place to rebuild your dream home or place a mobile/manufactured home. Also included with this property is a 22'x30' garage with two roll up doors. Located within minutes of downtown Somerset in a secluded, rural setting. Don't miss this opportunity to aquire this wonderful property with so many possibilities.
TERMS AND CONDITIONS: A 10% non-refundable deposit will be due
within 48 hours of sale with balance due on or before 45 days from sale date.
Buyer shall make this down payment by cash, approved check or wire
transfer. All wiring fees shall be paid for by the buyer.
It is recommended that all buyers do their own due dilligance in inspecting
the property prior to bidding. Property
is being sold AS IS WHERE IS with no warranties wrtiten, expressed or
implied. Closing is NOT contingent upon
inspections, appraisal or financing so be sure you have arranged for payment
prior to bidding. Possession shall be given at final closing. If you are the
successful bidder you will be required to fill out an Auction Sales Contract
immediately. This can either be done at our office or by electronic
signature. Each bidder is responsible for conducting their own
inspections of the property prior to bidding.
This is an online-only auction that will be ending Friday November 7th,
2025 at 6:00 P.M. EDT with a soft close.
BUYER'S PREMIUM: A 10% buyer's premium will be added to the winning bid to
determine final sales price.
PROPERTY TAXES: Property taxes for 2025 will be prorated day of closing.
This property is being sold subject to seller's confirmation. (Sells with
reserve)
All information gathered for this auction is believed to be true but not
guaranteed.
CURRENCY TYPE: USD
SOFT CLOSE: Closing will begin on November 7th @ 6:00 P.M. EDT. If a
bid is made within the last 2 minutes, then the close time will be
extended 2 minutes from the time the bid is placed. The time will continue to
extend for 2 minutes with each newly placed bid and the property will not close
until 2 minutes have elapsed with no additional bid activity. This eliminates
bidders bidding at the last second from our auctions.
AUCTION LOCATION: Internet Online Only.