ABSOLUTE AUCTION SATURDAY SEPTEMBER 14th @ 10:00 AM 450 +/- ACRES IN 6 TRACTS AND COMBINATIONS 1246 Floyd Sumner Road Cadiz, KY 42211 AUCTION HELD AT LAKE BARKLEY STATE RESORT PARK 3500 State Park Road Cadiz, KY 42211 450+/- ACRES (NEWLY SURVEYED) ALONG FLOYD SUMNER ROAD. STELLAR HUNTING TRACT WITH MARKETABLE TIMBER!! Tract 1: Beautiful Home and Shop Situated on 4.83 ACRES 1,408 sq ft Cedar Siding Home Loaded with Charm and Privately Located Off a Quiet Country Road. The Home Consists of 3 Bedrooms and 2 Full Bathrooms, Open Concept Kitchen/Living Room with a Large Fireplace, Laundry Room, Family Room and a Front and Rear Porch. The 30x20 Workshop is Equipped with 100 amp Electrical Service and a Concrete Floor, as well as Two Lean-To Sheds. Tract 2: 10.42 acres- Building Lot Partially Wooded Tract with Beautiful Views, Ready for your Dream Home or Mini Farm. Tract 3: 10.42 acres Building Lot Partially Wooded Tract with Beautiful Views, Ready for your Dream Home or Mini Farm. Tract 4: 17.74 acres of Woods and Partial Open Land Partially wooded tract with a pond and 2 barns and partially fenced. Excellent Building Tract! Tract 5: 276.30 acres with Pasture and Woods This tract has it all, open fields, pasture, partially fenced, creek bottoms, ponds as well as quality timber. Tract 6: 130.64 acres Swing Tract Mostly Wooded Tract with Creek Bottoms, Pasture and Partially Fenced. Property is located 7 miles to Cadiz, 8 miles to Lake Barkley, 24 miles to Hopkinsville, 85 miles to Nashville. Auction Terms: A 7% Buyer's Premium Will Be Added To The Final Bid & Included In The Purchase Price. 10% Down Is Due Day Of Sale With Cash Balance In 45 Days. Property is Selling "As Is, Where Is." Buyer May Conduct An Inspection Of The Property Prior To Day Of Sale. Survey Has Been Completed By Matthew Clark Surveyors, LLC. Buyer(s) And Seller(s) Will Split The Cost Of The Survey On A 50/50 Basis At Closing at a cost of $18.65 per acre. Terms and Conditions. Procedure: This property will be offered in 6 individual tracts, combination of tracts, or. as a total 450.35 acre unit. 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 total property may compete. The property will be sold in the manner resulting in the highest total sale price. Acceptance of Bid Prices: All successful bidders will be required to enter into Purchase Agreements at the auction site immediately following the close of the auction. Purchase Agreements are available for review prior to the auction. Buyer's Premium: A 7% Buyer's Premium will be added to the final bid and included in the deed transaction sale price. Down Payment: 10% as down payment on the day of the auction with the balance in cash at closing on or before closing or before 45 days. The down payment may be in the form of cashier's check, personal check, or corporate check. Closing: Closing shall take place on or before 45 days from Auction Date.
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