Item Description
November 2, 2024 at 10:00 AM CDT
370.41+/- acres in 14 tracts
Property location: 469 Melson Ridge Road Cundiff, KY 42728
Auction will be held at Lindsey Wilson College in the Hodge Mosley Auditorium.
This property is ideal for a range of uses, including homesteads, hunting, crop, and cattle. It boasts abundant bottom land, creeks, and a variety of wildlife, making it perfect for nature enthusiasts or those looking to establish a peaceful rural lifestyle.
The location offers convenient access to nearby cities: Columbia is just 13 miles away, Campbellsville is 32 miles, Somerset is 48 miles, Lexington is 101 miles, Louisville is 115 miles, Nashville is 141 miles, and Knoxville is 150 miles. This central location makes it easily accessible while still providing a serene and private setting. It has lots of creek frontage. Tract 14 has two oil collection tanks.
Dwight Butler- Broker / Auctioneer 270-668-2432
Todd Akridge- Broker / Auctioneer 270-668-3047
Auction being conducted in conjunction with Renee Dobson Realty Group 270-403-4928
View Plat
View Plat- Tracts 1-13
View Plat- Tract 14
Tract Descriptions – all tracts refer to C. Alex Montgomery Land Division #1 Plat
Tract 1: 7.76 Acres
Primarily open land along Crocus Creek
Accessible via Melson Ridge Road
Easement “A” applies
Tract 2: 35.81 Acres
Predominantly wooded with access to Crocus Creek
Accessible via Easement “A” (see note 10)
Tract 3: 14.90 Acres
Mostly open/crop land along and with access to Crocus Creek
Accessible via Easement “A” (see note 10)
Tract 4: 20.10 Acres
Predominantly open/crop land along and with access to Crocus Creek
Accessible via Melson Ridge Road and Easement “C”
Tract 5: 9.72 Acres
Open bottom land along and with access to Crocus Creek
Accessible via Melson Ridge Road and Easement “B” & “C”
Tract 6: 56.59 Acres
Predominantly wooded with a cleared area for a small cabin with access to
Crocus Creek
Accessible via Easement “B,” 40’± feet
Tract 7: 39.21 Acres
Combination of open and wooded land with access to Powells Creek
Accessible via Easement “B” with a 110± ft entrance
Tract 8: 26.81 Acres
Combination of open and wooded land, including a small area on Crocus Creek
Accessible via Easement “B,” 40’±
Tract 9: 38.12 Acres (Sold as One: Tract 9 – 37.70 Acres, Tract 9A – 0.42 Acres)
Mostly wooded along Crocus Creek
Accessible via Melson Ridge Road and Easement “B”
Tract 10: 32.21 Acres (Sold as One: Tract 10 – 30.17 Acres, Tract 10A – 2.04 Acres)
Predominantly wooded
Accessible via Melson Ridge Road
Tract 11: 34.42 Acres
Mostly wooded with a small cabin area and a creek at the back
Accessible via Melson Ridge Road
Tract 12: 16.77 Acres
Primarily open land with some wooded areas; includes a barn and creek at the back
Accessible via Melson Ridge Road
Tract 13: 3.25 Acres
Mostly wooded with excellent views
Accessible via Kentucky Highway 704 (Fairplay Road)
Sold “As Is” (Note: State Highway Department has used this tract for brush
dumping over the cliff line)
Tract 14: 34.74 Acres
Predominantly wooded with three oil holding tanks.
Accessible via Kentucky Highway 704 (Fairplay Road)
TERMS & CONDITIONS:
PROCEDURE: The property will be offered in 14 individual tracts & as a total 371 acre unit. There will be open bidding on all tracts & combinations during the auction as determined by the Auctioneer. Bids on tracts, tract combinations & the total property may compete.
BUYERS PREMIUM: A 10% Buyers Premium will be added to the final bid price & included in the contract purchase price.
DOWN PAYMENT: 10% down payment on the day of auction for individual tracts or combinations of tracts. The down payment may be made in the form of cashiers check, personal check, or corporate check. Owner financing is available with 20% down at 5.5% interest amortized over 30 years, with a balloon payment due in 3 years.
YOUR BIDDING IS NOT CONDITIONAL UPON FINANCING, so be sure you have arranged financing, if needed, & are capable of paying cash at closing.
ACCEPTANCE OF BID PRICES: The successful bidder will be required to enter into a Purchase Agreement at the auction site immediately following the close of
the auction. The final bid price is subject to the Sellers acceptance or rejection.
EVIDENCE OF TITLE: Prior to Auction seller shall provide, at sellers expense a Title Insurance Commitment showing Merchantable Title to the real estate. If buyer desires buyer at his/her expense can purchase a title insurance policy.
DEED: Seller shall provide a Warranty Deed.
CLOSING: The targeted closing date will be approx. 30 days after the auction.
POSSESSION: Possession shall be delivered to buyer at closing.
REAL ESTATE TAXES: Real Estate taxes shall be pro-rated on a calendar year basis to the date of closing.
PROPERTY INSPECTION: Each potential Bidder is responsible for conducting, at their own risk, their own independent inspections, investigations, inquiries & due diligence concerning the property. Inspection dates have been scheduled & will be staffed w/ auction personnel, Further, Seller disclaims any & all responsibility for Bidders safety during any physical inspection of the property. No party shall be deemed an invitee of the property by virtue of the offering of the property for sale,
SURVEY: There is a new survey on the property.
AGENCY: Americana Real Estate & Auctions, Renee Dobson Realty Group, & their representatives are exclusive agents of the Seller.
DISCLAIMER & ABSENCE OF WARRANTIES: All info contained in this brochure & all related materials are subject to the terms & conditions outlined in the Purchase Agreement. The property is being sold on an AS IS, WHERE IS basis, & no warranty or representation, either expressed or implied, concerning the property is made by the Seller or the Auction Company. All sketches & dimensions in the brochure are approx. Each potential bidder is responsible for conducting his or her own independent inspections, investigations, inquiries, & due diligence concerning the property. The info contained in this brochure is subject to verification by all parties relying on it. No liability for its accuracy, errors, or omissions is assumed by the Seller or the Auction Company. Conduct of the auction & increments of bidding are at the direction & discretion of the Auctioneer. The Seller & Selling Agents reserve the right to preclude any person from bidding if there is any question as to the persons credentials, fitness, etc. All decisions of the Auctioneer are final.
ANY ANNOUNCEMENTS MADE THE DAY OF THE SALE TAKE PRECEDENCE OVER PRINTED MATERIAL OR ANY OTHER ORAL STATEMENTS MADE.