BRANDENBURG REAL ESTATE AUCTION
20 + ACRES & HOME – FIVE TRACTS
IMMACULATE HOME-PARK LIKE SETTING
ONLINE ONLY-BIDDING ENDS JAN 22
ADDRESS: 1090 Sirocco Road, Brandenburg, KY 40108
Located just 5.5 miles SW of Brandenburg or 7.5 miles north of Irvington!
CLICK ON “VIEW DOCUMENTS” ABOVE FOR AERIALS, ASSESSMENT INFO, TAX INFO, ETC.
1/3/18 UPDATE: Tract #2 will be granted the right to use the existing water line from the water well on Tract #1 until July 31, 2018. The "Auction Plat" has been added to the "View Documents" section.
01/22/2018 UPDATE: Livestock waterer on Tract #5 is included.
REAL ESTATE INFO: A RARE opportunity to purchase a well-kept two owner home & 20.1 +/- acres on Sirocco Road, conveniently located between Brandenburg & Irvington just off of KY-79. This is the first time this real estate has been on the market since the Jenkins Family purchased it in 1978. Property will be offered in five separate tracts. Features: ready to move into 1974 brick ranch, potential rental income, great building sites, excellent views, and fenced vacant land!
TRACT #1 (1090/1096/1100 Sirocco Rd): 3.5 +/- acres with improvements. 1090 Sirocco interior features: an immaculate low maintenance 1974 built brick ranch with 3BR/2BA, 2124 +/- SF, recently remodeled (2005) kitchen with custom cherry cabinetry & stainless steel appliances, 5 +/- year old sunroom with tile floor & independent cool/heat system, repurposed oak hardwood floors in LR/DR/kitchen, formal dining room, brick fireplace with stove insert, & quality window treatments. 1090 Sirocco exterior features: 2-car attached garage with kitchenette, excellent views, concrete/blacktop driveway, mature shade, exposed aggregate sidewalks/patios, fish pond, all in a park like setting! Mechanical info: electric heat pump, central air, LP water heater, & LP sunroom floor heat. 1096 Sirocco features: 1979 924 +/- SF (14x70) mobile home that is partially remodeled. 1100 Sirocco features: 1989 1064 +/- SF (14x76) mobile home that is in need of repair. Access to this tract is via an easement and includes a roadway maintenance agreement. Utility info: all (3) homes on this tract have separate electric meters, all (3) homes water supply comes from existing water well located on this tract, all (3) homes on this tract have their own independent septic systems. A great opportunity for rental income!
TRACT #2 (1092 Sirocco Rd): 2.9 +/- acres building lot with a recently remodeled (2016) 1987 924 +/- SF (14x70) mobile home. This lot would make an outstanding site to build a new home and includes great views! Access to this tract is via an easement and includes a roadway maintenance agreement. Home is currently rented for $425/month. Utility info: this home has its own electric meter, water is currently provided from well located on Tract #1-water rights will ONLY be granted to new buyer until July 31 of 2018, & has its own septic system.
TRACT #3: 4.5 +/- acres of vacant land with 275 +/- ft. road frontage on Sirocco Road. Great building site. Hard to find vacant land in this area!
TRACT #4: 4.7 +/- acres of vacant land with 275 +/- ft. road frontage on Sirocco Road. Great building site. Hard to find vacant land in this area!
TRACT #5: 4.5 +/- acres of vacant land with 225 +/- ft. road frontage on Sirocco Road. Great building site. Hard to find vacant land in this area!
INSPECTION: #1-Tues Jan 9 4-5:30 PM & #2-Thurs Jan 18 4-5:30 PM
PERSONAL PROPERTY: See personal property listing for complete catalog.
ROAD FRONTAGE: Tract #1 & #2 have access via easements with roadway maintenance agreements, while Tracts #3/#4/#5 all have road frontage on Sirocco Road.
GAS/OIL/MINERAL RIGHTS: Includes sellers’ interest in gas/oil/mineral rights.
ZONING: R-4 Residential
SURVEY FEES: Buyer to all pay survey fees. Tract #1: $557, Tract #2: $462, Tract #3: $716, Tract #4: $749 & Tract #5: $716
UTILITIES: Electric-Meade Co RECC; Internet-Brandenburg Telephone Co; Water-well located on Tract #1 ONLY, Meade Co Water available at intersection of Sirocco Rd & Navajo Rd (4” line)
POSSESSION/CLOSING INFO: Possession at closing on all tracts. Buyer to pay all closing fees except deed prep.
LEGAL DESCRIPTION: Deed Book 563, Deed Page 202
TAXES: $2,131 annual (Based on current owner exemptions.)
PARCEL ID: 085-00-00-027
DIRECTIONS: From Brandenburg, southwest on KY-448/KY-79 5 miles, right on State Hwy 1239 0.2 miles, then right on Sirocco Road 1.5 miles to site. From Irvington, north on KY-79 5.8 miles, left on State Hwy 1239 0.2 miles, then right on Sirocco Road 1.5 miles to site.
OWNER: Charles A & Margaret J Jenkins Trust
Exhibit A Beckort Auctions Real Estate On-Line Only Auction<br>
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Terms and Conditions of Online Only Reserve Real Estate Auction<br>
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1. Conditions of Sale: This online only auction is selling subject to owner’s confirmation and is not contingent on or subject to financing, appraisal, survey, or inspections of any kind, as agreed to by bidders at registration prior to bidding and specified in the attached Agreement to Purchase Real Estate. Seller and Buyer(s) shall pay their share of the costs of closing. Buyer acknowledges they are buying property “as-is”, “where-is”, without inspections or contingencies. Buyer(s) will rely on his/her own judgment and inspection. By signing an offer, Buyer(s) will be waiving the 10-day lead based paint test.<br>
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2. Closing: A Buyer’s Premium of 10% is added to the high bid. Please take this into consideration when bidding. At the close of the auction, the successful Bidder will be emailed an Agreement to Purchase Contract to be executed and returned to Beckort Auctions, LLC within twenty-four (24) hours of the completion of the auction along with 10% deposit of the total contract price. The down payment may be made in the form of cash, cashier’s check, personal check, or corporate check. The entirety of the remaining balance is due at closing on or before Thirty (30) days from Auction Day. Purchaser will be responsible for all wire transfers. Per the Contract, time is of the essence; you should proceed to closing within Thirty (30) days. Possession shall be given to the successful Buyer(s) at closing, seller will provide deed preparation.<br>
<br>
3. Liquidated Damages: Successful Bidders not executing and returning their Contract with Earnest Money deposit within Forty Eight (48) hours of the conclusion of the auction will be considered in default. If your closing is delayed for any reason, by you, as purchaser, or other parties working on your behalf, including any lender you involve, you may be declared in breach of this contract, forfeit all deposits made and could additionally be liable for any and all costs incurred by Seller and Beckort Auctions, LLC incurred in a subsequent resale of the property. If such action occurs, Beckort Auctions LLC hereby has the right to disperse the deposit as stated in the listing agreement and the buyer has no claims to such money or property being sold. Liquidated damages are to cover cost of auction, cost incurred by seller, labor cost and additional cost of auction as not defined in this agreement. These liquidated damages do not restrict the seller from suing the buyer for performance damages and/or any additional damages the seller suffers by the default of the buyer.<br>
<br>
4. Back-Up Bids: If you are not the successful bidder on the real estate and wish to make a back-up bid in case of default by the high bidder, please see Brian Beckort to receive a Back-Up Bidder Form.<br>
<br>
5. Other Conditions: There are no contingencies to this sale (i.e., financing, appraisal, repairs, or inspections). Therefore, you should be pre-qualified by a lender prior to bidding if you require financing.<br>
Beckort Auctions, LLC reserves the right to remove or cancel the bids and or bidding rights and privileges of any party at any time deemed not to be in the best interest of the seller. The identity of all bidders<br>
will be verified, bidding rights are provisional, and if complete verification is not possible, Beckort Auctions LLC will reject the registration, and bidding activity will be terminated.<br>
All Beckort Auctions, LLC Online Only Real Estate Auctions are timed events that have an auto-extend feature. Any bid placed within 10 minutes of the auction ending will automatically extend the auction for 10 minutes from the time the bid is placed. Example: If an auction scheduled to end at 6:00 p.m. receives a bid at 5:59 p.m., the close time of the auction automatically extends to 6:10 p.m. The auto-extend feature remains active until no further bids are received within the 10 minute time frame.<br>
<br>
6. Real Estate Brokerage Services Disclosure: Beckort Auctions LLC and their representatives are Exclusive Agents of the Seller(s). We do not represent the buyer(s) in any manner and we must be completely loyal and faithful to our client. Beckort Auctions LLC has an exclusive right to sell listing for this transaction. All negotiations must be conducted through Beckort Auctions LLC. A two percent (2% variable) bid price commission, not to include any buyer’s premium if applicable, is available to properly registered Brokers/Agents. You must pre-register your Buyers with Beckort Auctions, LLC twenty-four (24) hours before the end of the auction by filling out and recording with Beckort Auctions a Broker Registration Form. Agents who fail to pre-register their Buyer will not be recognized as Buyer Agents and will not be entitled to a co-op commission. Broker/Agent cannot act as a Buyer and Broker/Agent on the same transaction. Please review the Broker Registration form for eligibility.<br>
<br>
7. Beckort Auctions LLC Involvement in this Contract: The seller and buyer hereby agree that Beckort Auctions LLC is a part of this contract and shall receive compensation as stated in the agreement hereto or as stated in the listing agreement hereby made a part of.<br>
<br>
8. Restrictions: Real Estate is sold subject to any and all existing matter of record, and all easements, building use or zoning laws and regulations. Taxes and assessments will be pro-rated to the closing date.<br>
<br>
9. Additional Auction Information: All information published, announced or contained herein was derived from sources believed to be correct; however, it is not guaranteed by the seller or the auctioneers. Personal on-site inspection of all property is recommended. The failure of any bidder to inspect, or to be fully informed as to the condition of the property, will not constitute grounds for any claim or demand for adjustment or withdrawal of bid, offer or deposit money after its opening tender. This includes but is not limited to public information such as easements, restrictions, zoning, right-of-ways, or any other information that can be obtained as public record in the appropriate county court house concerning subject properties.<br>
<br>
10. Technical Issues: In the event there are technical difficulties related to the server, software, internet or any other online auction-related technologies, Beckort Auctions, LLC reserves the right to extend bidding, continue the bidding or close the bidding. Neither the company providing the software, nor Beckort Auctions, LLC, shall be held responsible for the failure of the software to function properly for any reason.<br>
REVISED 05/21/2013
<br>
Terms and Conditions of Online Only Reserve Real Estate Auction<br>
<br>
1. Conditions of Sale: This online only auction is selling subject to owner’s confirmation and is not contingent on or subject to financing, appraisal, survey, or inspections of any kind, as agreed to by bidders at registration prior to bidding and specified in the attached Agreement to Purchase Real Estate. Seller and Buyer(s) shall pay their share of the costs of closing. Buyer acknowledges they are buying property “as-is”, “where-is”, without inspections or contingencies. Buyer(s) will rely on his/her own judgment and inspection. By signing an offer, Buyer(s) will be waiving the 10-day lead based paint test.<br>
<br>
2. Closing: A Buyer’s Premium of 10% is added to the high bid. Please take this into consideration when bidding. At the close of the auction, the successful Bidder will be emailed an Agreement to Purchase Contract to be executed and returned to Beckort Auctions, LLC within twenty-four (24) hours of the completion of the auction along with 10% deposit of the total contract price. The down payment may be made in the form of cash, cashier’s check, personal check, or corporate check. The entirety of the remaining balance is due at closing on or before Thirty (30) days from Auction Day. Purchaser will be responsible for all wire transfers. Per the Contract, time is of the essence; you should proceed to closing within Thirty (30) days. Possession shall be given to the successful Buyer(s) at closing, seller will provide deed preparation.<br>
<br>
3. Liquidated Damages: Successful Bidders not executing and returning their Contract with Earnest Money deposit within Forty Eight (48) hours of the conclusion of the auction will be considered in default. If your closing is delayed for any reason, by you, as purchaser, or other parties working on your behalf, including any lender you involve, you may be declared in breach of this contract, forfeit all deposits made and could additionally be liable for any and all costs incurred by Seller and Beckort Auctions, LLC incurred in a subsequent resale of the property. If such action occurs, Beckort Auctions LLC hereby has the right to disperse the deposit as stated in the listing agreement and the buyer has no claims to such money or property being sold. Liquidated damages are to cover cost of auction, cost incurred by seller, labor cost and additional cost of auction as not defined in this agreement. These liquidated damages do not restrict the seller from suing the buyer for performance damages and/or any additional damages the seller suffers by the default of the buyer.<br>
<br>
4. Back-Up Bids: If you are not the successful bidder on the real estate and wish to make a back-up bid in case of default by the high bidder, please see Brian Beckort to receive a Back-Up Bidder Form.<br>
<br>
5. Other Conditions: There are no contingencies to this sale (i.e., financing, appraisal, repairs, or inspections). Therefore, you should be pre-qualified by a lender prior to bidding if you require financing.<br>
Beckort Auctions, LLC reserves the right to remove or cancel the bids and or bidding rights and privileges of any party at any time deemed not to be in the best interest of the seller. The identity of all bidders<br>
will be verified, bidding rights are provisional, and if complete verification is not possible, Beckort Auctions LLC will reject the registration, and bidding activity will be terminated.<br>
All Beckort Auctions, LLC Online Only Real Estate Auctions are timed events that have an auto-extend feature. Any bid placed within 10 minutes of the auction ending will automatically extend the auction for 10 minutes from the time the bid is placed. Example: If an auction scheduled to end at 6:00 p.m. receives a bid at 5:59 p.m., the close time of the auction automatically extends to 6:10 p.m. The auto-extend feature remains active until no further bids are received within the 10 minute time frame.<br>
<br>
6. Real Estate Brokerage Services Disclosure: Beckort Auctions LLC and their representatives are Exclusive Agents of the Seller(s). We do not represent the buyer(s) in any manner and we must be completely loyal and faithful to our client. Beckort Auctions LLC has an exclusive right to sell listing for this transaction. All negotiations must be conducted through Beckort Auctions LLC. A two percent (2% variable) bid price commission, not to include any buyer’s premium if applicable, is available to properly registered Brokers/Agents. You must pre-register your Buyers with Beckort Auctions, LLC twenty-four (24) hours before the end of the auction by filling out and recording with Beckort Auctions a Broker Registration Form. Agents who fail to pre-register their Buyer will not be recognized as Buyer Agents and will not be entitled to a co-op commission. Broker/Agent cannot act as a Buyer and Broker/Agent on the same transaction. Please review the Broker Registration form for eligibility.<br>
<br>
7. Beckort Auctions LLC Involvement in this Contract: The seller and buyer hereby agree that Beckort Auctions LLC is a part of this contract and shall receive compensation as stated in the agreement hereto or as stated in the listing agreement hereby made a part of.<br>
<br>
8. Restrictions: Real Estate is sold subject to any and all existing matter of record, and all easements, building use or zoning laws and regulations. Taxes and assessments will be pro-rated to the closing date.<br>
<br>
9. Additional Auction Information: All information published, announced or contained herein was derived from sources believed to be correct; however, it is not guaranteed by the seller or the auctioneers. Personal on-site inspection of all property is recommended. The failure of any bidder to inspect, or to be fully informed as to the condition of the property, will not constitute grounds for any claim or demand for adjustment or withdrawal of bid, offer or deposit money after its opening tender. This includes but is not limited to public information such as easements, restrictions, zoning, right-of-ways, or any other information that can be obtained as public record in the appropriate county court house concerning subject properties.<br>
<br>
10. Technical Issues: In the event there are technical difficulties related to the server, software, internet or any other online auction-related technologies, Beckort Auctions, LLC reserves the right to extend bidding, continue the bidding or close the bidding. Neither the company providing the software, nor Beckort Auctions, LLC, shall be held responsible for the failure of the software to function properly for any reason.<br>
REVISED 05/21/2013