Lane Absolute Auction – Saturday, March 19 – 10:00 a.m.

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Lane Absolute Auction

179.60 acre Bath County Farm, Two Sharpsbrug, KY Homes, Vacant Sharpsburg, KY 1.13 Acre Lot

Saturday, March 19  10:00 a.m.

To be held at the recently renovated Sharpsburg Community Center located at 7781 W. Tunnell Hill Road in Sharpsburg.  From Highway 11, follow Auction Signs. 

179.60 acre Bath Co. farm located on W. Highway 36 at “Bald Eagle”, app. 2.5 miles off Highway 11 at Sharpsburg.  Productive Flat Creek farm to be offered in five parcels ranging from 3.07 acres to 73.43 acres.

Parcel 1:  3.07 acres – Located at the corner of Locust Road and W. Highway 36, with water available.  Wooded acreage in a small package perfect for your new home.

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Parcel 2:  73.43 acres – A farm that has it all!  Very productive Flat Creek bottoms, rolling pasture, and heavily wooded areas providing excellent habitat for wildlife make this the one you have been looking for!  Includes a good small tobacco barn.  Flat Creek runs through this portion of the farm.

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Parcel 3:  51.45 acres – Lots of road frontage on W. Highway 36 and Locust Road, with access from both.  Good ridge crop land with gently rolling pasture.  Scattered trees and a good tobacco barn included.  County water available.

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Parcel 4:  31.47 acres – Good ridge crop land with frontage and access on Locust Road.  Very productive acreage and the perfect setting for your new home.

Parcel 5:  20.18 acres – Great partially wooded home site.  Just big enough to take care of your farm animals, and small enough to welcome you home.  Many beautiful potential home sites.

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Tract 1:  170 Main Street – Sharpsburg – Two story frame home on a 1.23 acre lot.  A new metal roof was added app. 5 years ago.  All City services available.  Home is being sold as is.  The home was built prior to 1978 and may contain lead-based paint.  Prospective purchasers shall have the right to conduct a risk assessment for lead-based paint hazards during the 10-day period preceding the Auction.  The purchaser will waive the right to any post-Auction inspection.

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Tract 2:  Main Street – Sharpsburg – Vacant lot containing 1.13 acres and adjoining the above house and lot.  Easement to extend sewer to lot will be granted over Tract 1 for the extension of the City sewer line to the property.

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302 Back Street – Sharpsburg – Frame house and lot – Recently renovated two bedroom, one bath frame home presently rented for $325. per month.  Vinyl siding, concrete block foundation, gas heat, newer roof, City services, KU electricity and Delta gas.

Terms of Sale:  10% of the total purchase down on the day of the Auction, with the balance due on or before May 2, 2016.  a 6% Buyer’s premium will be added to the final bid price to determine the total purchase price.

All properties will be offered in individual parcels, and then through our Multi-Par bidding system.  With Multi-Par bidding, individuals, or groups of individuals, may group two or more parcels into combinations of their choosing, while successful bidders for individual parcels can always keep their winning position by raising their bid(s) to outbid those seeking to combine. Timed bidding during our Multi-Par bidding allows for ample time for consideration by all, and individual parcel purchasers that may seem to have been “outbid” for their individual parcels, may be brought back into a winning position at any time, even up to the final bid!  Because of that possibility, if you are the successful bidder on an individual parcel, we encourage you to remain at the Auction until the bidding has ended on all properties.

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