Absolute Online Auction of 286 Acres +/- in Tracts

Lake Cumberland Frontage – Lakeview Hunting - Recreational Land 

Thursday, December 8th, 2022 at 6:00 pm. 

Burnside, Kentucky

Preview Dates:  Tuesdays - November 29th at December 6th from 1:00 p.m. to 5:00 p.m. each day 

Directions:  From Hwy. 27 in Burnside turn on Antioch Road and proceed 2/10 miles to Antioch Church Road.  Proceed 1 and 2/10 miles to Antioch Tateville Road.  Proceed 6/10 miles to the property.  Auction signs are posted. 

286 Acres +/- near Kentucky’s playground… Lake Cumberland, one of the most popular in the state.  Acreages with lake views, for exploration and hunting and for an escape into tranquility with nature yet only minutes from boating access, dining, and shopping.  Enticing property features include…………

*Tracts with phenomenal lake views.

*Property has over 7,000 ft of Corp line coverage.

*35 tracts ranging in size from 1.44 to 26.03 acres.   

* Located within minutes of Burnside Marina and Burnside Island - one of the state’s busiest Camping and Golfing sites.

*Ideal for recreational activities such as 4-wheeling, ATV vehicles, camping, hiking, and excellent hunting retreats.  

*Paradise with an off-the-grid feel but located within three miles of town. 

*View a plat of said properties at fordbrothersinc.com or pick up a copy at the Ford Brothers Auction Center.  Tracts are described as follows;

Tract 2 is 10.04 acres w/ 636.48’ easement frontage. There is a 30’ easement through this tract to access a previously sold tract.

Tract 3 is 13.30 acres w/ 1547.99’ frontage along the easement.

Tract 4 has 17.70 acres w/ 1168.77’ frontage along the easement and outstanding lake views.

Tract 5 is one of the larger tracts w/ 28.38 acres and has a 20’ easement for access to tract 9. It has 2,673.07’ frontage along the easement.

Tract 6 is 6.17 acres w/ 1,476.79’ frontage along the easement. This tract has an abundance of road frontage and is primarily hunting or recreational land.

Tract 7 is 4.54 acres with an abundance of road frontage along the easement. Ideal for recreational property.

Tract 8 is 20.17 acres making it one of the larger tracts. It is another excellent hunting & recreational tract. There is a small easement to access tract 9. Lake frontage. 1609.24’ along the easement.

Tract 9 is 26.03 acres, is excellent for hunting & recreational use and offers fantastic views of the lake w/ 783.39’ frontage.

Tract 10 is 25.93 acres w/ 2291.44’ frontage along the easement. This would make an excellent recreational tract w/ possible seasonal lake views. 

Tract 11 is 2.43 acres w/ 499.25’ frontage along the easement and joins the Corp of Engineers. Lakeview is good.

Tact 12 is 21.58 acres w/ possible seasonal lake views, 412.60’ frontage along 30’ easement and 620.43’ frontage along 40’ easement.

Tract 13 is 2.93 acres that joins the Corp of Engineers and has 662.11’ of frontage.

Tract 14 is 3.25 acres w/ 375.11’ of frontage along the easement, joins Corp of Engineers and offers seasonal lake views.

Tract 15 is 13 acres of excellent recreational property w/ 375.11’ of frontage along 30’ easement and 787.74’ along 40’ easement.

Tract 16 is 8.63 acres with 411.94’ frontage along 30’ easement and 408.88’ along 40’ easement.

Tract 17 is 3.01 acres w/ 679.59’ frontage along 30’ easement and offers outstanding seasonal lake views.

Tract 18 is 9.08 acres ideal for camping and recreation w/ 1164.95’ along 30’ easement and 721.88’ along 40’ easement.

Tract 19 is 2.02 acres that joins the Corp line w/ great seasonal lake views. It has 702.15’ frontage along the 30’ easement and 258.31’ along the 40’ easement.

Tract 20 is 1.44 acres w/ 270.90’ frontage. If you are looking for a small piece of land w/ lake views, check this one out.

Tract 21 is 1.68 acres w/ great seasonal views. This tract has 330.94’ of frontage and an easement across it to Tract 20.

Tract 22 is 2.19 acres and has 240.55’ of frontage with ice seasonal views.

Tract 23 is 1.87 acres w/an excellent seasonal lake view and 143.05’ of frontage.

Tract 24 is 2.44 acres and has 399.89’ frontage. This tract offers excellent seasonal lake views.

Tract 25 is 4.71 acres coming to a point w/an outstanding lake view and 40.21’ of frontage.

Tract 26 is 2.97 acres of primarily recreational land w/ 504.44’ frontage along the easement.

Tract 27 is 4.56 acres of primarily recreational land w/ 560.26’ frontage along a 40’ easement.

Tract 28 is 3.77 acres of primarily recreational land w/ 561.35’ frontage along the easement.

Tract 29 is 3.40 acres ideal for hunting & recreation w/ 483.16’ frontage along 40’ easement.

Tract 30 is 2.54 acres of primarily recreational land w/ 410.86’ frontage along 40’ easement.

Tract 31 is 1.96 acres of recreational-type land w/ 372.32’ frontage along 40’ easement.

Tract 32 is 3.90 acres w/ 343.09’ frontage along 40’ easement.

Tract 33 is 3.14 acres offering hunting & recreation w/ 373.94’ frontage along 40’ easement.

Tract 34 is 5.35 acres w/ 686.29’ frontage along 40’ easement and 196.93’ along Tateville Antioch Rd. This is another good hunting & recreational tract and has city water available.

Tract 35 is 3.59 acres w/ 686.29’ frontage along 40’ easement and 335.63’ along Tateville Antioch Rd with city water available.

Tract 36 is 16.11 acres for good hunting and recreational use. It has 650.68’ frontage along Tateville Antioch Rd and 393.62’ along 40’ easement. City water is available.

NOTE:  These tracts will be accessed by an easement throughout the property.  Purchasers will share in the maintenance cost of the easement.  

NOTE: All tracts of land do not have access to electric or water utilities. 

TERMS:  

20% deposit within 48 hours of sale completion with the balance in 30 days.  

Buyer's Premium: There will be a 10% Buyer’s Premium added to the winning bid to determine the final sale price.

AUCTION TIMES:

Ford Brothers, Inc. Real Estate Online Auctions are timed events and all bidding will close at the specified time. Ford Brothers, Inc. Real Estate Online Auctions also have an auto-extend feature. If a bid is placed in the final 5 minutes of an auction, the auction ending will be automatically extended 2 minutes from the time the bid was placed. Example: if an auction scheduled to close at 6:00 receives a bid at 5:59, the close time will automatically extend 6:01. The auto-extend feature remains active until no further bids are received within a 5-minute time frame.  This is an EXTEND ALL auction. All lots in the auction will be extended, anytime there is an additional bid on any lot in the catalog.  All lots will stay active until there are no bids on any of the auctions. Time extensions are set to two minutes.

SERVER & SOFTWARE TECHNICAL ISSUES: In the event there are technical difficulties related to the server, software or any other online auction-related technologies, Ford Brothers, Inc. reserves the right to extend bidding, continue the bidding, or close the bidding. NEITHER THE COMPANY PROVIDING THE SOFTWARE nor FORD BROTHERS, INC. 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 Ford Brothers, Inc.

REAL ESTATE TERMS: 20% of the total sale price down as nonrefundable earnest money in the form of a certified check, cash or wire transfer within 48 hours of the close of the auction. We do not accept credit card for the down payment. The balance of the purchase price is due at closing, said closing is to be within 30 days of the close of bidding. Purchaser shall be responsible for all wire transfer fees. Closing will be as specified in the Contract for Sale of Real Estate. 

This online only auction is a CASH SALE not contingent on or subject to financing, appraisal, survey or inspections of any kind, as agreed to by bidders at registration prior to bidding and specified in the attached Contract for Sale of Real Estate.

GOOD INSURABLE GENERAL WARRANTY DEED AT CLOSING.

BUYER’S PREMIUM: There will be a buyer’s premium of 10% added to the bid price to arrive at final purchase price. Example: Bid Price $100,000 plus $10,000 (10% buyer’s Fee) equals purchase price of $110,000.

AUCTION BIDDER DEFAULT: Successful bidder not executing and returning the contract with earnest money deposit within 48 hours of the conclusion of the auction will be considered in default. In the event a winning bidder fails to submit the signed Contract for Sale of Real Estate and 20% earnest money deposit, the winning bidder will be charged a penalty fee of $5,000.00 on the credit card provided at auction registration. Additional default remedies are reserved by Ford Brothers, Inc. and the Seller as provided in the Auction Terms and Conditions and the Contract for Sale of Real Estate. Ford Brothers, Inc. reserves the right to sell to the second-highest bidder in the event the successful high bidder does not comply with the terms of the sale.

Any dispute between Ford Brothers, Inc, its Agents or Representatives and the Buyer(s) will be tried in a court of jurisdiction in Pulaski County, Kentucky.  By bidding on the property, buyer agrees to all terms and conditions set forth.

Acceptance of Bid Prices: Successful bidder(s) will be required to enter into a purchase agreement immediately following the close of the auction. Ford Brothers, Inc. will e-mail documents to be executed and said documents should be faxed or e-mailed back to Ford Brothers, Inc. within 48 hours of the end of the auction. Successful bidders not executing and returning contracts with earnest money deposit within 48 hours will be considered in default. Any and all inspections that a buyer may want must be done at buyer’s expense prior to the close of the online bidding. Ford Brothers, Inc.'s Agents, Representatives or Employees may bid.
 
 Title: As specified in the Contract for Sale of Real Estate
 Deed: As specified in the Contract for Sale of Real Estate
 Possession: As specified in the Contract for Sale of Real Estate

Real Estate Taxes and Closing Cost: All real estate taxes will be paid by Seller for 2022.  The purchaser will pay all other closing costs associated with the purchaser’s side of the sale, including local and state recording fees and any cost associated with the purchaser’s loan.
 The seller will pay for deed preparation and deed tax.

Easements: Subject to any and all easements of record, including road easements and utility easements   

Zoning: This property is subject to all state and local zoning ordinances.   

Bidder Verification: The identity of all bidders will be verified, bidding rights are provisional, and if complete verification is not possible, Ford Brothers, Inc. will reject the registration, and bidding activity will be terminated. The Seller and Ford Brothers, Inc. reserve the right to preclude any person from bidding if there is any question as to the person’s credentials, fitness, etc. Bidders agree to keep their username and password confidential as they are responsible for ANY and ALL activity involving their account. When using the web site you must obey any and all local state and federal laws. Violations will result in termination of web site use privileges.
 
 Agency: Ford Brothers, Inc.' Agents and Representatives are agents of the Seller. Buyer and or Bidder agrees to hold harmless and indemnify Ford Brothers, Inc. and its Agents and its Representatives from any and all claims, damages or suits including but not limited to awards, judgments, costs, fees, etc.
 
NEW DATA, CORRECTIONS, AND CHANGES: Please check for updated information prior to scheduled auction time to inspect any changes, corrections, or additions to the property information. Disclaimer & Absence of Warranties: All information contained in this information packet and all related materials are subject to the terms and conditions outlined in the Contract for Sale of Real Estate agreement. The property is being sold on an “AS IS, WHERE IS” basis, and no warranty or representation either expressed or implied, concerning the property is made by the Seller or Ford Brothers, Inc. Agents or Representatives. All sketches and dimensions in the brochure are approximate. Each potential bidder is responsible for conducting his or her own independent inspections, investigations, inquiries, and due diligence concerning the property. The information contained in the brochure and on the website is subject to verification by all parties relying on it. No liability for its accuracy, errors, or omissions is assumed by the Seller, Ford Brothers, Inc., Agents or Representatives. Conduct of the auction and increments of bidding are at the direction and discretion of the Auctioneer. All decisions of Ford Brothers, Inc. are final. Any dispute between Ford Brothers, Inc., its Agents or Representatives and the Buyer(s) will be tried in a court of jurisdiction in Pulaski County, Kentucky. By bidding on the property, buyer agrees to all terms and conditions set forth.
 
 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 the information contained herein is accurate and complete. The property is selling in its ‘as-is’ condition with no warranties expressed or implied. 

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 whether the information contained herein is accurate and complete.  The property is selling in its as-is condition with no warranties expressed or implied.

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 whether the information contained herein is accurate and complete.  The property is selling in its as-is condition with no warranties expressed or implied.

For additional information, contact us at 606-679-2212.

Danny Ford, Auctioneer