ABSOLUTE LIVING ESTATE AUCTION
1045 Reed Rd. Benton, KY
ABSOLUTE LIVING ESTATE AUCTION
This Living Estate Auction is being rescheduled due to the Coronavirus. No date or time is being set at this time.
No open house is being scheduled. We are showing the property daily and on weekends by appointment only. Early bidders have the advantage, as our seller, due to health is entertaining offers.
When the property is sold, it will be posted here and the Real Estate auction will be canceled. Realtors are welcome to show the property. All CDC and Ky guidelines are being followed. Bring your mask, we have hand sanitizer and shoe covers.
1045 Reed Rd. Benton, KY
KY Lake Area Near Jonathan Creek
3 or 4 Bedroom- 2 Kitchens- 2 Bath- +28×24 Ft. Attached Garage
+3,946 Sq. Ft. Under Roof- 3 Large Gathering Rooms- +30×30 Ft. Detached Garage- +2.4 Ac. Park-Like Estate
Excellent KY Lake area location minutes to the water’s edge, park-like grounds, high quality construction, poured wall sanctuary from tornadoes, full walkout basement, low low maintenance, low low utilities, outstanding views built with an eye toward comfort and entertaining consider from the +21.5×8 Ft. 4 column front porch into the first gathering room, a +22.25×17.5 Ft. Family Room with amazing front yard views, wood burning remote controlled vented gas log fireplace with seated hearth and laminate flooring that flows into the second gathering room, a +30×12 Ft. combination Kitchen and Dining Room with ceramic tile floor, breakfast bar, walk-in pantry, plus, quality cabinetry and appliances furnished. Steps out to the enormous multicar garage to the +21.5×8 Ft. Sun Porch with amazing views and a +10×8 Ft. railed deck. Close at hand is the +17.7×9 Ft. Office or Bonus Room with built-in floor to ceiling cabinetry. The +19.5×14.75 Ft. Master Bedroom has a +13.75×6 Ft. walk-in closet and a +13.5×8 Ft. Master Bath with ceramic tile floor and 2-person ceramic tiled shower, oak cabinetry with his & her sinks and linen press. Down the railed staircase is a +20×17.25 Ft. third gathering room, with its own kitchen, ideal as a Family Room, Rec Room or possible Fourth Bedroom has remote controlled gas log stove and walks out through patio doors to a large concrete patio and the washed rock courtyard with pond and water feature plus, amazing views. The Second Kitchen has ceramic tiled floor, white cabinetry and quality appliances furnished. The Second Bedroom is +16×12.25 Ft. with +7.5×6 Ft. walk-in closet and the Third Bedroom is +16×11.25 Ft. with a +8×6 Ft. walk-in closet. The Hall Bath is nearby, as well as a Utility Room, a hall linen closet and a +11.75×8.5 Ft. potential walk-in closet/mechanical room that houses the central propane gas HVAC system and the 50-gallon water heater. Outdoors there are panoramic views all the way around this fantastic +2.4 Ac. home site plus, garden areas, room to romp or trail ride and over 1,500 Sq. Ft. of Garage for boats, cars, RV’s and hobby space. So much more to be enjoyed. Call for your private preview.
Real Estate Terms: 15% deposit day of Auction. Balance due within 45 days. A 10% buyer premium will be added to the final bid and included in the total contract price. Selling due to health.
Auctioneers Note: You may bid now and buy immediately. Auction is subject to prior sale. Often properties of this quality are sold in days or weeks before the auction date. Call us today and call your Realtor or inspector to preview. Bidders must adhere to auction terms. Realtor bids must be made on auction contracts. Additional $500.00 bonus to early selling Realtor from sellers at closing.
2000 Coral Viper Fish/Ski Boat w/ Mercury 250
2006 GMC Envoy +/-133,000 Mi.
2005 Polaris 4-Wheeler +/-340 Hrs.
Real Estate Terms: 15% deposit day of Auction. Balance due within 45 days. A 10% buyer premium will be added to the final bid and included in the total contract price.
Terms: Visa, Mastercard, Cash or Guaranteed Funds. 10% added to final bids.
Vehicle Terms: 10% buyer premium added to final bids. If payment is made by check, possession will be given when check clears.
Bank Letter of Guarantee
If you plan to pay for your purchase by personal check, company check or wire transfer, you will need to present a bank letter of guarantee.
1. The letter must be on official bank letterhead and signed by a bank representative.
IMPORTANT: THE BANK MUST STATE THAT THEY IRREVOCABLY GUARANTEE THE PAYMENT OF THE CHECK BEING PRESENTED. IT IS NOT SUFFICIENT FOR THE BANK TO STATE THE CREDIT LIMIT OR BALANCE OF THE INDIVIDUAL/COMPANY.
2. The letter must state the name of the individual or company for whom the guarantee is being stated and if a check is used, it must have the same name printed on it.
3. The letter should contain the account number on which the check or wire transfer is to be drawn and the check or wire transfer should match this same account number.
4. The letter should state an ending date after which the letter of guarantee will expire (at least seven days from auction).
5. The letter must contain a maximum amount for which the bank will guarantee. The check must not be written for more than is guaranteed by the bank.
SAMPLE BANK LETTER
RARE Auction Group
4000 Olivet Church Rd
Paducah, KY 42001
(BANK NAME) irrevocably guarantees payment in full to RARE Auction Group by (BUSINESS NAME) drawn on account (NUMBER), up to the amount of $ (DOLLARS) to purchase items at your (AUCTION NAME). This letter of guarantee is valid until (Month, Date, Year).