Auction Items For Sale
ONLINE AUCTION OF CONDOS - PRIME LAKE LOTS
THURSDAY, SEPTEMBER 30TH APPROX 6 PM
HWY 80 WEST AND LEE’S FORD DOCK RD, NANCY, KY
Directions: From Somerset, follow Hwy 80 West to Hwy 1001 (Lee’s Ford Dock Rd). Turn Left onto Hwy 1001 and the properties will be on both sides of the road. Watch for Auction signs.
The owners of these excellently located properties, in order to devote more time to their other business interests, have contracted with our firm to offer these properties at public online auction.
PREVIEW DATES: Friday, September 17th and September 24th and Thursday, September 30th from 4-6 pm each day.
Lots 1-12 are all lake view lots. They have from 48’ to 115’ of frontage along Lee’s Ford Marina and range in size from .19 acres to .45 of an acre. The lots will have city water and private sewer available.
Lots 13 thru 23 also front Lee’s Ford Dock Road from approx 50’ to 63’. Most of these lots are wooded and range in size from .08 acres to .45 acres. These lots will also have public water and private sewer available.
Lots 1-23 will all be sold by the plat and to the posted restrictions attached at fordbrothersinc.com. Lots 1-23 sewer fees will be $30 per month guaranteed for 60 months adjusted by the Consumer Price Index (CPI) after that date. Any multi-structure unit will be required to negotiate the fees with the owner. The tap-on fee shall be $300 plus installation.
Lots 25-32 are condo units. Each of the units has a living room-kitchen combination, 2 bedrooms, and bath with shower. Each has its own window heat & air unit. Each unit has a stove and refrigerator. The units are in various states of condition. They are ideally located close to the marina and dock. The units will be sold in accordance with the condo covenants attached to the website. They have public water and private sewer. 7 of the units are presently rented. Water & sewer fees will be prorated through the condo association. HOA fees for the condos are approx. $100 per month including water and sewer.
AUCTIONEER’S NOTE: If you’re looking for a Lake property with an outstanding view, a condo close to the boat ramp, or an investment property, you need to check this auction out.
*View a plat of the said property, the restrictions, and condo covenant at fordbrothersinc.com or you can pick up a copy at the Ford Brothers Auction Center.
TERMS: 20% down within 48 hours of the close of sale with the balance due in full within 30 days.
BUYER’S PREMIUM: There will be a 10% buyer’s premium added to the last bid to determine the final sales price.
POSSESSION: Lots 1 thru 23, possession will be with a deed. Lots 25-32 will be Landlord possession with deed.
LEAD BASE PAINT DISCLOSURE: The purchaser of a single-family residence built before 1978 has a period of ten days to inspect the property for the presence of lead-based paint. The inspection period is September 19st through September 29th, 2021. 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.
Danny Ford, Auctioneer