ABSOLUTE ONLINE ONLY LAND AUCTION
Begins: Thursday, March 23rd • 10:07 AM
Begins Ending: Thursday, March 30th • 10:07 AM
5500 Old Mayfield Road • Paducah, KY
+63 Acres • City Water • Well • Game • +/-222,030 Board Ft. Saw Timber
Location: From I-24 traveling Hwy 45/Lone Oak Road South toward Lone Oak, turn left just past the old K-Mart onto Bleich Road. Go +1.9 mi., turn right at Bellview Baptist onto Old Mayfield Road. Travel +1 mi., property on left.
This well-located +63 acre tract is selling in one tract. It boasts of +45 acres of valuable, marketable timber and +18 acres of open pasture ground. It has 2 commercial water wells – excellent for irrigation. Ideal for farming, commercial, hobbies, a fantastic retreat or get-away, and the option of building a lake or large pond to build up for a home or cabin site. It’s location makes it ideal: +2.5 mi. to Hendron Elementary, Lone Oak Middle School, and St. Mary School System; +2.6 mi. to Rolling Hills Country Club; and in fact, just about 7 or 8 minutes to McDonald’s, I-24 and Lone Oak Business District. It’s true – you can buy a half acre in Paducah’s Premier West End Subdivision for +$70,000.00 – but if you’re much more about wide open spaces, ideal for four-wheeling, horseback riding, bow hunting, hiking, fishing, raising kids, cows, horses, and a whole lot more – you’ve come to the right place! So what’s your thing? ½-2 acres in town or +63 in the country? Decisions.. decisions..
Auctioneer’s Note: 91 Year old owner says sell!
Auction Terms: 25% Deposit day of auction, balance required within 45 days. A 10% Buyer’s Premium will be added to the final bid and included in the total contract price. Owner financing available with balance financed at 5% interest for 10 years, to balloon in 4 years, with payments of +$2,000.00 per month (subject to approval).
Auction Terms: 10% Buyer's Premium added to the final bid and included in the total contract price. A non-refundable down payment of 15% of the total purchase price (final bid price + 10% buyer's premium = total purchase price) in the form of cash, check, or wired funds due to our office by 3:07 PM of auction end date. Balance due within 45 days. Possession given at closing. Buyer will be requried to sign a purchasing contract upon payment of the deposit amount.
A credit card verification in the amount of $100 will be applied to the card on file upon registration; this amount will only show as a pending amount (will not fully process), and will "fall off" within 5-7 business days. This is to ensure that each and every bidder has a valid card on file.
This in an online only auction. 10% Buyer's Premium added to all final bids.
TERMS AND CONDITIONS:
A 15% buyer premium will be added to the final bid. Visa & MasterCard accepted as payment. YOU MUST HAVE A VALID CREDIT CARD ON FILE IN ORDER TO BID
1. All property is sold As Is, Where Is, and it is at the responsibility of the bidder to determine the exact condition.
2. All accounts will be settled the day of the auction. Your credit card will not be charged at the conclusion of the auction; RARE Auction Group cannot accept credit card payments as deposits for Real Estate Transactions. Payment must be made either: A) in our office via cash or check; or B) via wire transfer, where the buyer accepts and pays any and all additional fees from financial institutions regarding said transfer.
3. All bidders are required at registration to input their credit card, name, address, phone number and email address on our safe, secure server in order to be allowed to bid. Note: Everyone is required to input a credit card to insure all bidders are valid and qualified. This assures every other registered bidder that all have had to meet the same qualifications to be able to bid. Access and use of any online auction site of RARE Auction Group is subject to all specific terms and conditions set forth on any individual page within the Site and the terms and conditions of this User Agreement and all applicable laws and regulations, including but not limited to copyright and trademark laws. BY ACCESSING THIS SITE, YOU AGREE TO ACCEPT, WITHOUT LIMITATION OR QUALIFICATION, ALL OF THE TERMS AND CONDITIONS OF THE SITE USER AGREEMENT and to comply with all applicable laws, statutes, ordinances and regulations regarding your use of the Site. RARE Auction Group reserves the right to change the terms and conditions of the User Site Agreement from time to time, and it is the Bidder's responsibility to review any and all changes made to these terms and conditions prior to each use of the Site. By using the Site, you agree in advance to accept any such changes. A bidder will be suspended or permanently banned from the Site for providing false or fraudulent information when registering. A bidder will be permanently banned from this Site for failing to honor an auction bid made under that Bidder's bid number.
4. The auction company shall not be held responsible for any missed bids, any loss of Internet service, or your connection. The best way to not have this worry is to put in your maximum bid, and the Bid Assistant will bid for you up to, but not to exceed, your maximum bid.
5. All sales are final.
6. No warranties or guarantees implied.
7. All bids are reviewed at the conclusion of the auction. Final prices and bids will be determined at the conclusion of the auction by the auctioneer. We will notify you by phone/email if you are the successful bidder.
8. This auction uses STAGGERED ENDING. This means that 1 item will close out each minute. For example, if the auction begins ending at 10:07 AM, then item 1 will begin closing out at 10:07 AM; Item 2 will begin closing out at 10:08 AM; Items 3 at 10:09 AM; So on and so forth. Since we are an auction company, we do our best to make our online auctions as similar to live auctions as we can. We also avoid "sniper bids" by having auto-extension: if a bid is placed on an item in the last "3" minutes that an item is open, our system will auto-extend that item's ending time. This is to allow the backup bidder the chance to be notified and bid again.
9. ITEM DESCRIPTIONS: The descriptions of items or lots appearing in the auction and in advertising are believed to be correct. Nevertheless, neither those descriptions nor any oral statements made by Owner/Seller or RARE Auction Group concerning any items or lots shall be construed as a warranty either express or implied. ITEMS AND LOTS ARE SOLD AS IS- WHERE IS AND WITH ALL FAULTS. Bidder acknowledges that all items and lots were available for inspection prior to the auction and, by these terms, RARE Auction Group and Owner/Seller strongly encourage Bidder to carefully inspect each item or lot to determine the nature, quality, condition, quantity and size of the item or lot. Bidder relied solely on personal inspection and not on information listed on the Site or otherwise provided by RARE Auction Group or Owner/Seller. The IMPLIED WARRANTIES OF MERCHANT ABILITY AND FITNESS FOR A PARTICULAR PURPOSE, AND ALL OTHER WARRANTIES, EITHER EXPRESSED OR IMPLIED, ARE SPECIFICALLY EXCLUDED from this sale and transaction and shall NOT apply to the property that is subject of these sales. RARE Auction Group does not have control over the items or lots that are posted in the Site, and cannot guarantee the authenticity and quality of the said property. Auctioneer is not responsible for the actions the Sellers and Buyers take before, during, and after the auction. Use of this site is at your own risk. Some states do not allow the disclaimer of implied warranties, so the foregoing disclaimer may not apply to you.
10. PRE-APPROVAL: To prevent credit card fraud and to ensure each bidder is capable of paying for the items he/she wins in this auction, the credit card you place on file with us will be charged $100.00 (one hundred dollars). This placement is simply a hold, to ensure that the credit card is valid. This hold will never fully process on your credit card statement and will drop off within 5-7 business days of the card being cleared.
You must be in good standing with RARE Auction Group in order to bid in this auction.
