46.5 +/- Acres & Improvements Paris, Kentucky
Previous Page Listing ID#: 1690963
Auction Location |
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500 Cane Ridge Rd Paris, KY 40361 |
Auction Dates and Times |
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Bidding Starts: Thursday Dec 19 Bidding Ends: Saturday Mar 15 |
Auction Type |
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Online Auction VIEW ONLINE CATALOG |
Company Information |
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Gooch Auction Group Website: www.goochsells.com GoToAuction.com ID#: 10195 View company information and listings |
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Listing Terms and Conditions |
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OPEN HOUSE Jan. 5th 2-4 PM, Feb 9th 2-4, March 9th 2-4
Property Address:
500 Cane Ridge Rd
Legal Description: DB 300 Pg 406 500 Cane Ridge Rd. Paris Ky 40361
Map Reference: 045-00-00-018.00
This property will be sold at auction. March 15th 10:00 AM Join us live or bid online.
www.goochsells.com
Once the live auction starts you will be bidding in live time. You will be able to see the auction in live time.
SERVER & SOFTWARE TECHNICAL ISSUES: In the event there are technical difficulties related to the server, software or any other online auction-related technologies, Gooch Auction Group LLC, reserves the right to extend bidding, continue the bidding, or close the bidding. NEITHER THE COMPANY PROVIDING THE SOFTWARE nor GOOCH AUCTION GROUP LLC SHALL BE HELD RESPONSIBLE FOR A MISSED BID OR THE FAILURE OF THE SOFTWARE TO FUNCTION PROPERLY FOR ANY REASON. Email notifications will be sent to registered bidders with updated information as deemed necessary by Gooch Auction Group LLC.
Owner/agent agrees to furnish purchaser of the real property a deed of general warranty with the
usual covenants, a title to the property free and clear of all encumbrances and pay state transfer taxeson deed.� All property taxes and interest are to be prorated to the date of transfer of the deed.� Theowner/agent shall maintain insurance on the property and will be responsible for maintaining the
property in as good condition as it was on the sale date until the transfer of ownership.� Full and
complete possession of the property will be given no later than 30 days from the auction upon
payment in full of the purchase price and the closing and transfer of the deed.
TIME IS OF THE ESSENCE
The Property will be sold �as is� with no warranties or contingencies of any kind.� All inspections are
the responsibility of the purchaser and must be made prior to the auction date.� Owner/agent will
provide reasonable access to the property for said inspections.� A 10% buyer�s premium will be added to the final bid to determine the final sale price.�� The Purchaser will pay 10% down the day of the sale and the balance of payment and closing will take place on or before 30 days from the date of the auction and TIME IS OF THE ESSENCE.
1. All Inspections are the responsibility of the Buyer, the real estate is sold �as is� where is
with no contingencies and all sales are final.
2. Descriptions: Every effort has been made to promote and advertise the auction with the
correct data, descriptions, and information. We will not intentionally mislead anyone as to
the condition of the lot & improvements. The buyer should inspect the property PRIOR to the
Auction and Prior to Bidding. If you have a question or concern about any item or real
property please do not bid on it because all sales are final.
3. Mistakes: If a mistake is found in printed material or at the live auction lease bring it to the
Auctioneer�s attention prior to the start of bidding so that it can be addressed. We make no
warranties as to the condition of any item or real property, expressed or implied.
4. Registration: All bidders must be properly registered and financially qualified prior to
bidding. By bidding, the bidder agrees that they have read, understand, and agree to all the
terms & conditions set forth herein, all printed material, and contained in the real estate sale& purchase contract. If you have not read, understand, & agree with the terms or the sale &purchase contract, do not bid on the property. The Sale & Purchase contract is posted on ourwebsite. If you have any questions or concerns, call our office (859)595-6808.
5. Sale Contract, execution, and down payment: The successful bidder(s) must
execute/sign the real estate sale & purchase contract and provide the Auctioneer with a non-
refundable earnest money deposit in the amount of 10% of the final sale price made payable to
Allen Real Estate Services Auction Escrow account which will be deposited & held at the Bank
of Lexington. Said deposit will be credited to the buyer at closing or forfeited if the buyer is
unable perform. The balance of the purchase price is due at closing, said closing to be on or
before 30 days from the date of sale and �Time is of the Essence�.
6. Condition: The property is purchased �AS IS� and is not subject to any contingencies
including but not limited to: Financing, Appraisal, Survey, or Inspections of any kind, as
agreed by the bidders at registration prior to bidding and specified in the sale & purchase
agreement/contract.
7. Transfer of Title: A deed of general warranty with the usual covenants & restrictions shall
be executed and presented to the buyer at closing, conveying to the buyer a title to said
property which shall be free of all encumbrances of every kind with exceptions, if any herein
mentioned:
8. Buyer�s Premium: A 10% buyer�s premium will be added to the winning bid to determine
the final sale price of the property. Example: $100,000 winning bid, buyer�s premium is
$10,000 the final sale price would be $110,000.
9. Default: Auctioneer reserves the right to sell to the second highest bidder in the event the
successful bidder defaults or does not comply with the terms and conditions of the sale.
10. Disputes: If any disputes arise, all parties to the sale agree to go to the Mediation Center of
Kentucky, 125 Church St, Lexington, KY 40507 for resolution before trying in a court or before
filing any formal complaint with any licensing board.
11. Inspections: the property is sold �AS IS� and any inspections the buyer/bidder may want are
at the buyer�s expense and must be done prior to the auction. Reasonable access for
inspections will be given by the seller.
12. Taxes & Closing Costs: Real Estate taxes will be adjusted and prorated to the date of deed
transfer. Closing costs are the responsibility of the buyer. Deed prep & transfer taxes to be
paid by seller.
13. Auctioneer/Broker/Seller Disclaimer:�The information contained herein is believed to
be correct to the best of the auctioneer�s knowledge. The information is being provided for the
bidder�s convenience and it is the bidder�s responsibility to determine that the information
contained herein is accurate and complete. The property is selling in its �as- is� condition with
no warranties expressed or implied.
14. The minimum bidding Increments are set as follows:�unless otherwise
announced at the live auction: Minimum Bid Amount Increments for this auction are
$5,000 until the last 3 active bidders remain when the allowable bid increments will be
reduced to $2,500 and then $1,000 for the final 2 bidders.
For additional property information or to set up a property inspection, contact auctioneer Rony Jo Ballou at 859-595-6808.
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Listing Information |
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OPEN HOUSE Feb 9th 2-4, March 9th 2-4
This stunning 46.5 +/- acre farm offers a unique opportunity with two houses and two spacious apartments, providing room for everyone.
Here's a closer look: Main House (Original Home) Size: 1,857 sq. ft. Features: 3 bedrooms, 1 bathroom, and an in-ground pool.
Additional Structures: A detached garage and a small outbuilding.
Second House Size: 2,324 sq. ft. Features: 5 bedrooms, 2 bathrooms, and a 4-car garage.
Bonus: An above-ground pool for relaxation and entertaining.
First Apartment Size: 3,024 sq. ft. Features: 2 bedrooms, 1 bathroom, and a spacious office area.
Garage: A 2-bay garage offering ample storage or workspace. Second Apartment Size: 1,551 sq. ft. Features: 1 bedroom, 1 bathroom. Garage: Attached 3,849 sq. ft. garage�ideal for vehicles, equipment, or hobbies. With plenty of room for family, guests, or potential rental income, this property blends functionality and charm on a picturesque rural setting.
Perfect for multi-generational living or a working farm setup!
This property will be sold at auction. March 15th 10:00 AM Join us live or bid online.
Auctioneer Tom Allen and Rony Jo Ballou
Showing Instructions: Only preview at open house. |
Auction License: 259740 |
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