Absolute Auction of 364 Acres
Saturday January 20th, 2024 at 10:30AM
251 Jacksboro Road Bronston, KY. 42518
NOTE: The LIVE auction will be held at the
Bronston Fire Department (2375 KY-790, Bronston, Ky 42518)
Don't miss the auction of a lifetime! We're offering 364+/- acres at an Absolute LIVE/Online Multi-Par Auction, providing an ideal canvas for your forever home, close to the picturesque Lake Cumberland. With cleared tracts, fertile land for crops, and commercial potential, this property is a versatile gem. From boat storage to wildlife-rich woods, it caters to various aspirations. Conveniently located near major highways, this auction combines accessibility with breathtaking views. Small and large combinations are available, and online bidding makes seizing this investment opportunity a breeze. Act now and secure your stake in a future filled with possibilities!
Tract # 1 Consist of 1.50 acres located at the corner of Hwy 90 and John Gover Lane. This tract has 172.76 feet along John Gover Lane and 238.87 feet along Hwy 90. With the visibility of Hwy 90 this tract would be the perfect spot for a business, boat storage or to put with another combination of land.
Tract #2: This tract consists of 4.40 acres along John Gover Lane and has 280 feet of road frontage. The possibilities are endless with this tract, being good visibility to Hwy 90, you could have a little extra acreage, build a dream home or investment properties, boat or self-storage units, or just keep for an investment.
Tract #3: This tract consists of 4.11 acres and has 285 feet of road frontage along John Gover Lane. Whether purchased singularly or in a combination this tract has many possibilities, forever home site, boat or self-storage, investment, business, or muti-housing.
Tract #4: Another nice tract with lots of potential for your dream. New home, multi-residentials, business use with building or storage, investment and would work well in a combination with another tract. This tract has 285 feet of road frontage and 4.11 acres.
Tract #5: Tract 5 has 4.11 acres and 285.11 feet of road frontage along John Gover Lane. This tract is all cleared and ready for your dream home, business venture, investment or to add in a combination with more tracts.
Tract #6: What a nice tract. This tract has 278.38 feet of road frontage along John Gover Lane and consist of 106.36 acres with mostly cleared land. This tract is improved with a pond and an old home and partial silo. This tract is picturesque and would make a dandy farm for crops, future development, to build the home of your dreams or just hold onto for an investment. This tract would also be suited to add in additional combinations.
Tract #7: This is another large tract with 100.50 acres that is accessed by an easement off James Cash Lane. Being mostly cleared with some wooded acreage, this would be a great place for a forever home. With lots of wildlife, and adjacent to more woods, what a great place for hunting, raising crops, future development or to add in with another combination.
Tract #8: This tract is located on the Flynn Coyler Road with 417.01 feet of road frontage. This tract consists of 22.17 acres and is improved with an approx. 70 x 45 pole barn with 3 doors and a 45 x45 shed. There is an additional building on the property that needs some improvement. With 22 acres and buildings this would be a nice starter farm, place for a home with acreage, storage or just an investment.
Tract #9: Measures 12.90 acres. This tract is located on Flynn Coyler Road with 301.62 feet of road frontage with cleared land. This would make a great home site or would fit well with tract #8 in a combination.
Tract #10: This tract consists of .96 of an acre and has 312.66 feet of road frontage along Flynn Coyler Road. This tract is improved with 3 mobile homes, one mobile home is rented and the other 2 need some repairs. One mobile home is not owned by the sellers of the property, they receive lot rent for the mobile home. The sellers do own the other two mobile homes that are in need of repair. This would make a great project and has income potential.
Tract #11: This tract consists of 1.80 acres and a corner lot having 291.65 feet along Jacksboro Road and 269.25 along James Cash Lane. This tract is lightly restricted and would make a great home site or investment property.
Tract #12: This tract has 231.92 feet of road frontage along James Cash Lane and measures 1.56 acres. This tract would make a nice home site, investment property.
Tract #13: This tract has 227.63 of road frontage long John Cash Lane and consist of 1.49 acres. This tract has beautiful views and would make a great homesite or investment.
Tract #14: This tract has 1.34 acres and 221.56 along John Cash Lane. With one of the best views of the farm this tract would make a fantastic homesite.
Tract #15: This tract has great views and consist of 38.91 acres and is accessed by John Cash Lane. Small farm, development potential, forever home site, or just an investment, this could be the tract for you.
Tract #16: This tract consists of 5.21 acres along Jacksboro Road with 288.41 feet of road frontage. Small tracts are hard to find, this one could be for you.
Tract #17: This tract has 290.46 feet of road frontage along Jacksboro Road and consist of 5.21 acres. This cleared tract has lots of potential.
Tract #18: This tract has 1.01 acres and would make a great home site or investment.
Tract #19: This tract has 178 feet of road frontage on Jacksboro Road and has 1.03 acres. This would be a great spot for a home site, mobile home, or investment.
Tract #20: This tract has 1.02 acres and 176.54 feet of road frontage along Jacksboro Road and would make another great home site, investment, or add to a combination.
Tract #21: This tract has 1.08 acres and 188.27 feet of road frontage on Jacksboro Road and would make a great home site.
Tract #22: This tract has 1.08 acres and 186.56 feet of road frontage along Jacksboro Road. This tract would make a great home site or investment.
Tract #23: This tract has 1.67 acres and 208.01 feet of road frontage along Jacksboro Road. This tract is improved with 4 bedroom, 1 ½ bath two story home in need of repairs and a 2 car garage measuring 24 by 45. This property would make a great flip project, place for a residence, or added to another combination.
Tract #24: This tract consists of 24.26 acres and is accessed by a 30-foot entrance from Jacksboro Road. What a great tract for a small farm, the property is improved with a barn that measures approx. 60 x 66.
Tract #25: This tract has 455.68 feet of road frontage along Jacksboro Road and consists of 12.75 acres. The property is improved with a barn that is approx.. 40 by 45 with a small, attached shed. This tract has a pond and would make a great home site, small farm or add to another tract to make a combination.
Tract #26: This tract has 3.89 acres and 271.27 feet of road frontage along Jacksboro Road and is improved with 2 barns, one measuring approx. 45 by 45 and the other one measures approx. 30 by 36. This tract also has a pond.
TERMS: 20% deposit with the balance due in full in 30 days.
NOTE: There will be a 10% buyer’s premium added to the last bid to determine the final sales price.
Note: The purchaser of a single -family residence built before 1978 has a maximum of 10 days to inspect the property of lead-based paint. The period for inspections begins January 9th through January 19th. The successful bidder must sign a waiver of the 10-day post inspection period.
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.
For additional information contact the auctioneers at 606-679-2212.
Mike Broughton, Auctioneer
Buyer's Premium: There will be a 10% Buyer’s Premium added to the winning bid to determine the final sale price.
EARNEST MONEY: 20% of the total sale price down as a non refundable earnest money at the close of the auction. We do not accept a credit card for down payment. The balance of purchase price is due at closing, said closing to be within 30 days of 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.
MULTI-PARCEL AUCTION: The property will be offered in tracts utilizing the multi-parcel method and selling in the manner that reflects the best returns for the sellers. This concept gives each and every prospective buyer the ability to purchase his or her individual tract or combination.
MULTI-PARCEL "SIMULCAST" LIVE & ONLINE AUCTION INSTRUCTIONS/TERMS:
Ford Brothers, Inc. Online Auctions are timed events, so time is of the essence. At Ford Brothers Multi-Parcel auctions, to bid you must proceed to the catalog. Inside the catalog, you will need to bid on individual tracts of property, until combinations have been enabled. If you wish to bid on a combination of tracts, we suggest that you do not bid on individual tracts, because you can be placed in the lead on an individual tract of property at any time during the auction. Please check for announcements and notes from the software auctioneer in charge. There is NOT a max bid feature via the Multi-Parcel online auction platform. There are lots of announcements and warnings during auction, giving each bidder fair warning the auction will be closing. Please place bids in a timely manner. If you have any questions about bidding in the Multi-Parcel Simulcast format, be sure to give us a call at 606-679-2212.
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.
This 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.
REAL ESTATE TAXES AND CLOSING COSTS: All real estate taxes will be prorated for 2024. 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.
For more details, contact us today!