ABSOLUTE AUCTION
Saturday, June 13, 10:00 AM
107.8 Acres
2,175 Sq Ft Home 864 Sq Ft Home
Tracts Ranging From 3 to 34 Acres
1754 Smith Mill Rd, Glendale
DIRECTIONS: From the intersection of KY-222 and KY-1136 (Beech St/New Glendale Rd) travel south about 1 mile to Smith-Mill Rd and turn right. The auction site will be a short distance on the right.
REAL ESTATE: 107.872 acres of gently rolling to level land located about mile from downtown Glendale. Formerly used for cattle, hay, and other agricultural purposes, the property is almost entirely open, boundary & cross fenced, and has multiple spots that offer excellent views of the surrounding area. The property will be offered in tracts as follows:
*Note The tract numbering below is for the purposes of the auction only. All parcels except for newly created Tracts 1, 2, 3, & 5 were existing parcels and have either metes and bounds or pr...
*Note The tract numbering below is for the purposes of the auction only. All parcels except for newly created Tracts 1, 2, 3, & 5 were existing parcels and have either metes and bounds or previously designated lot numbers. The numerical order below will be used for the auction to simplify and streamline the bidding process. See the record plat for exact legal descriptions.
TRACT 1 3 acres fronting Smith Mill Road (Lot 2A on record plat)
TRACT 2 3.4 acres fronting Smith Mill Road (Lot 2B on record plat)
TRACT 3 34.2 acres accessed by a 20 ingress/egress easement following the existing gravel driveway (Boundary Survey Tract A on record plat)
TRACT 4 - 1754 Smith Mill Rd Home and 12.974 acres with access from the 20 ingress/egress easement as well as 60 of frontage on Smith Mill Rd (Lot 1 of Oreo Estates, PC 1 Sheet 4651). The home features approximately 2,175 sq ft, vinyl exterior, covered front porch, 3 bedrooms, 2 bathrooms, hardwood flooring, ceramic tile, kitchen with island, living room, master bedroom with walk-in closet and master bath (ceramic tile floor w/walk-in tile shower), electric heat pump, central air, wood burning fireplace, and covered deck on rear. The parcel also features a 32x36 barn and a large 1+ acre pond.
TRACT 5 34.2 acres accesses by a 20 ingress/egress easement following the existing gravel driveway (Boundary Survey Tract B on the record plat). The parcel features a 60x56 metal building, a 24x64 barn, and 2 ponds.
TRACT 6 17.9 acres accessed by a 30 ingress/egress easement on Tract 8 the follows the existing driveway (metes and bounds description in DB 1274 PG 310).
TRACT 7 - 7237 New Glendale Rd A ranch style home built in 1962 with approximately 864 sq ft, vinyl exterior, covered front deck, 3 bedrooms, 1 bathroom, and electric heat pump and central air. The home is situated on 1.1 acre with a 20x40 building to the rear of the lot.
TRACT 8 0.9 acre containing a building used a beauty shop as well as a 30x25 building. There is a 30 ingress/egress easement through this tract that accesses Tract 7.
TERMS: A 10% buyer's premium will be added to the winning bid to determine the final sale price. The property will be sold using the Multi-Par method. On real estate, $5,000 per tract will be due on the day of auction with the balance due within 30 days. The good faith deposit will be deposited into the Hodges Auction escrow account and held until closing, at which time a check from the escrow account will be issued and credited to buyer. Property taxes will be prorated to date of closing. Possession on tracts 1, 2, 3, 5, 6, and 8 given on date of deed. On tract 4, 1754 Smith Mill Rd, possession of the home to be 30 days from date of deed. On tract 7, 7237 New Glendale Rd, landlord possession given until expiration of current month to month lease. Inspection of the property may be performed by prospective bidders prior to the auction. Homes shown by appointment only, please do your best to provide 24 hr notice prior. Property sells as is with no guarantees by the seller or Hodges Auction Company.
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