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LAND AUCTION - 1,682+/- ACRES OFFERED IN 17 TRACTS IN LEWIS & GREENUP COUNTIES, KENTUCKY

Lewis & Greenup Counties, Kentucky

Owner: Greenup Properties I LLC and Greenup Properties II LLC Tue, Sep 18, 2018

AUCTION IS OVER

• 1,682+/- Acres Offered in 17 Tracts • Ranging from 39+/- to 196+/- Acres • Ponds & Streams • Scenic Views • Home Sites • Prime Hunting & Recreational Area • Numerous Trails • Mixture of Hardwood Trees • Excellent Wildlife Habitat • Trophy Bucks / Boone and Crockett Bucks • Hunting Cabin • Large contiguous tract of land between Vanceburg KY and Portsmouth OH, just South of the Ohio River • Online Bidding Available


OPEN HOUSE/INSPECTION DATES

Thursday, August 23 from 4-6pm
Tuesday, September 4 from 4-6pm

Meet at the barn on Tract 16


PROPERTY LOCATION

FROM NORTH (OHIO): Cross the Carl D. Perkins Memorial Bridge in Portsmouth Ohio to Ky Hwy 8, turn right (east) on Hwy 8 for 10.3 miles to Hwy 10, also known as AA Highway. Turn left on Hwy 10 for 5.2 miles to Hwy 784, turn right on Hwy 784 for 1.1 miles to property (Tract #1) on right.
FROM CINCINNATI, LEXINGTON & WESTERN KY: Take Hwy 10 (AA Highway) east to Ky 784 South, turn right, then 1.1 miles to Tract 1.
FROM EAST: Take Hwy 10 (AA Highway) west to Ky 784 South, turn left, then 1.1 miles to Tract 1.

AUCTION LOCATION

Southern Ohio Medical Center Friends Community Center, 1202 18th St, Portsmouth, OH

TRACT DESCRIPTIONS

Tract 1: 145± ac Outstanding tract featuring two very nice farm ponds and a small cabin. This tract contains a lot of hunting ground and grazing ground. There is electrical utility and two septic tanks. Many beautiful potential home sites. There is a small family cemetery. Roads and trails throughout the tract which is mostly wooded and great for hunting. 7/10 mile of paved road frontage.

Tract 2: 196± ac Many beautiful potential home and pond sites. Mostly good laying ground with a few small fields that are kept mowed. Contains a lot of wooded area with mostly young growth timber. This tract contains a lot of hunting ground. Roads and trails throughout the tract. Road frontage along Ridge Road.

Tract 3: 149± ac All wooded with mostly young timber growth. 6/10 mile of road frontage with many potential home sites. Access roads and trails throughout making it great for ATV riding and hunting.

Tract 4: 100± ac All wooded with young timber growth. Situated at the end of an access road. 3/10 mile road frontage with and accessible from Route 1021. Contains a lot of flat ridgetop for grazing fields. Very nice scenic view.

Tract 5: 60± ac Contains a lot of access road. Nice laying land on ridge with wooded valleys. Contains young growth timber. This tract does not have access to Route 1021. Great tract for hunting. Beautiful potential cabin site overseeing the valley.

Tract 6: 108± ac This tract is all wooded with young growth timber. It contains a long ridgetop with flat ground ideal for clearing. Looks down upon valleys to each side. Great hunting ground. Has road frontage on Route 1021. Access road on back side leads to Ridge Road Route 784. Some road frontage on Route 784.

Tract 7: 72± ac Contains an access road off of Ridge Road Route 784. This tract has a long ridgetop overlooking valleys on three sides. Route 1021 is situated on one side, with a total of 1 mile of paved road frontage. Most of the tract is covered in young timber growth with some larger timber in the valleys. There is a nice view from the ridgetop. Contains a lot of acreage for food plots. Great spot for deer hunting.

Tract 8: 74± ac This tract contains young timber growth. Most of the tract has 3/10 mile of road frontage on one side along Route 1021 and Ridge Road 784. The ground lays nice on ridgetop with a steeper side to Route 1021. There is a great spot for a potential cabin site on the ridgetop with an excellent view to Briar Hollow.

Tract 9: 109± ac A very unique tract featuring a long access road leading to a closed former clay mine works. The clay mine works was used approximately 100 years ago for brick making. The bricks were used in the making of steel and for roads. This clay mine is appealing for ATV and recreational usage. This tract also contains a lot of wooded ground with young timber growth.

Tract 10: 111± ac Contains 3/10 mile of road frontage on Ridge Road Route 784. This tract also contains an access road to Tract #9 on the north side. Great place for deer and turkey hunting. Contains young timber growth over most of the tract. There is ridgetop access across the south side with access trails. Nice view looking north down across the valley.

Tract 11: 76± ac Very nice laying ground with two small drains on the south side. 3/10 mile road frontage with Ridge Road Route 784. Young growth timber over all of this tract. Nice place for a potential home or cabin site. Electrical hook-up close by.

Tract 12: 39± ac Lays in a small valley with access and one-half mile of road frontage at the top along Ridge Road Route 784 and road frontage and access along Horse Hollow Road at the bottom of the valley. Contains a lot of young growth timber over most of the tract. Nice place to hunt or target practice.

Tract 13: 111± ac Contains one-half mile of road frontage with Ridge Road Route 784. 10-15 acres have been cleared. The remainder of the tract is covered with young growth timber. Nice locations for potential house or cabin. Good ground for potential ponds. A lot of ground that could be cleared for pasture or left as is for hunting.

Tract 14: 162± ac Shares a road centerline with Tract #13. Contains a long ridge with two large drains. Mostly covered with young timber growth. Great deer and turkey hunting. Tract #13 and Tract #14 would be a good combined purchase.

Tract 15: 68± ac Contains a quarter mile of road frontage with Ridge Road Route 784 and a shared access road with Tract #16. 3-4 acres cleared with the remainder of the tract covered in young growth timber. Ground is gently rolling drains and is easily walked.

Tract 16: 50± ac Contains road frontage with Ridge Road Route 784 and County Road 1830. Contains a large, well-built barn, sound barn in need of minor repair. Very nice farm pond near the barn. Mostly wooded with two or more potential house sites. Contains some timber that could be harvested.

Tract 17: 52± ac Situated as a stand alone parcel perched on Beauty Ridge Road with additional road frontage on both sides of Stockholm Road. Mostly wooded tract with young growth timber. Nice place for a potential home or cabin site. Electrical hook-up close by.

TRACT MAP(S)

AREA MAP(S)

PROCEDURE: The property will be offered in seventeen (17) individual tracts, any combination of two (2) or more tracts, and as one (1) entire tract at the date and time noted in this brochure. There will be open bidding on all tracts and combinations during the auction as determined by the Auctioneers. Bids on tracts, tract combinations, and the entire tract may compete.

DOWN PAYMENT: A ten percent (10%) down payment is required on the day of the auction with the balance due at closing. The down payment may be made in the form of cashiers check, personal check, or corporate check. YOUR BIDDING IS NOT CONDITIONAL UPON FINANCING SO BE SURE TO HAVE ARRANGED FINANCING, IF NEEDED, AND THAT YOU ARE CAPABLE OF PAYING BALANCE AT CLOSING.

BUYERS PREMIUM: A three percent (3%) Buyers premium will be added to the final bid price and included in the total purchase price.

ACCEPTANCE OF BID PRICES: All successful bidders will be required to enter into a Real Estate Purchase Contract at the auction site immediately following the close of the auction. All final bid prices are subject to the Sellers acceptance or rejection.

DEED: Seller shall provide a Limited Warranty Deed to Buyer(s) at closing.

EVIDENCE OF TITLE/CONDITION: Seller agrees to furnish bidders a preliminary title insurance commitment for Buyers review, prior to the auction. Seller agrees to provide merchantable title to the property, subject to existing public highways and streets, easements, covenants, conditions, restrictions and reservations of record, if any; zoning and other governmental regulations and restrictions; and non-delinquent real estate taxes and assessments. Buyers will be responsible for purchasing any owners or lenders policy required. All tracts will be sold AS IS WHERE IS, WITH ALL FAULTS.

REAL ESTATE TAXES: Real Estate Taxes shall be pro-rated to the date of closing.

CLOSING: The balance of the purchase price is due at closing, targeted closing date will be approximately 30 days after the auction, or as soon thereafter as applicable closing documents are prepared by the Seller. Costs for an administered closing shall be shared 50:50 between Buyer(s) and Seller. All lender costs relative to the Buyer securing a mortgage shall be paid by the Buyer(s).

POSSESSION: Possession shall be delivered at closing; Buyers may acquire a hunting lease for temporary access immediately following the Auction and expiring at the closing or termination of the transaction.

ACREAGE: All tract acreages, dimensions, and boundaries are approximate and have been estimated based on current legal descriptions.

SURVEY: The Seller shall provide a new survey where there is no existing legal description or where new boundaries are created by the tract divisions in this auction. Any need for a new survey shall be determined solely by the Seller. Seller and successful bidder shall each pay half (50:50) of the cost of the survey, Buyers share not to exceed $1,000 per tract. The type of survey performed shall be at the Sellers option and sufficient for providing title insurance. Combination purchases will receive a perimeter survey only.

PROPERTY INSPECTION: Each potential bidder is responsible for conducting, at their own risk, independent inspections, investigations, inquiries, and due diligence concerning the property. Inspection dates have been scheduled and will be staffed with auction personnel. Each potential bidder shall be liable for any property damage caused by any such inspections or investigations.

AGENCY: Schrader Real Estate & Auction Company, Inc. and its representatives are exclusively the agents of the Seller.

DISCLAIMER AND ABSENCE OF WARRANTIES: All information contained in this brochure and all related materials are subject to the terms and conditions outlined in the Real Estate Purchase Contract. ANNOUNCEMENTS MADE BY THE AUCTIONEERS AT THE AUCTION PODIUM DURING THE TIME OF THE SALE WILL TAKE PRECEDENCE OVER ANY PREVIOUSLY PRINTED MATERIAL OR ANY OTHER ORAL STATEMENTS MADE. The property is sold AS IS-WHERE IS. No warranty or representation, either express or implied, or arising by operation of law concerning the property is made by Seller or the Auctioneers and are hereby expressly disclaimed. In no event shall Seller or the Auctioneers be liable for any consequential damages. The information contained in this brochure is believed to be accurate but subject to verification by all parties relying on it. Seller and the Auctioneers assume no liability for its accuracy, errors or omissions. All sketches and dimensions in this brochure are approximate. Conduct of the auction and increments of bidding are at the direction and discretion of the Auctioneers. Seller and the Auctioneers reserve the right to preclude any person from bidding if there are any questions, in the sole judgment of Seller or the Auctioneers, as to such persons creditworthiness, ability or willingness to close on the purchase of the property, credentials, fitness, etc. All decisions of Seller and the Auctioneers are final.

NEW DATA, CORRECTIONS AND CHANGES: Please arrive prior to the scheduled auction time to review any changes, corrections, or additions to the property information.