Property 9883173
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This Property is Off-Market

21 Acres in McCracken County

Hanson Road Paducah KY 42002  |  McCracken County, KY
  • 21 acres

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Listing Status: Sold
Listing Type: Auction
Property Type(s):
Irrigated: No
Residence: Yes
Property ID: 9883173

Property Description

ABSOLUTE
AUCTION

WEDNESDAY, MAY 1ST AT NOON

Location: Ascot Downs Subdivision, Hanson Road at Perkins Creek Drive, Paducah, Kentucky. From Exit 4 on I-24 go west on US 60 (Hinkleville Road) mile, then south on James Sanders Blvd. mile, then west on Village Square Drive 1/10 mile, then south on Perkins Creek Drive to the property. Watch for signs!

Kurtz Auction & Realty Co. will sell the following bank-owned property to the highest bidder regardless of price:

SIX DEVELOPED RESIDENTIAL LOTS
21 UNDEVELOPED LOTS IN PHASE II
31 PLATTED LOTS IN PHASE III
ALL IN ASCOT DOWNS SUBDIVISION

Plat with shading as described below in red.

(shade phase I dark and put sold on it)
Make lots 13 and 27 (Phase II) yellow
Put rest of Phase II (21 lots) orange (light)
Put all of Phase III in light green)

Lots 13, 27, 28, 29, 30 and 31 of Phase II are approved for residential construction and will be sold separately.
The 21 lots of Phase II are improved only with a gravel road and will be sold as a single unit.
The 31 lots of Phase III, with 324 feet of frontage on Hanson Road, will be sold as a single unit. Phase III could be surveyed and reconfigured differently, subject to Planning and Zoning approval.

2% Broker Participation Any licensed Broker who produces a bidder who buys and closes and abides by all the terms of the Broker Participation Agreement will receive a 2% commission.

The buyer of the 21 lots of Phase II will enter an agreement with McCracken Fiscal Court regarding the development of the unfinished portion of Phase II with a letter of credit or bond for its funding. Also the Phase II buyer will secure the election of Trustees for the Homeowners Association involving individual home owners in Phase I and II and the buyers of the unfinished lots of Phase II, mainly for the care of the common area, which has been about $1,000 a year. These terms are according to Judgment and Order of Sale, Civil Action No. 11-C1-770.

TERMS: 10% down day of sale, balance within 45 days with delivery of Special Warranty Deed. Taxes paid by the seller for 2012 and by the buyer for 2013.

Auctioneers Note: This property is near Walmart, Lowes, Dillards, Dallas Medical, the Village on Village Square Drive and many other stores and eateries. It sells regardless of price. Look now. Make financial plans, mark your calendar and be with us at Noon on Wednesday, May 1st ready to invest.

Property Map


Driving Directions

Location: Ascot Downs Subdivision, Hanson Road at Perkins Creek Drive, Paducah, Kentucky. From Exit 4 on I-24 go west on US 60 (Hinkleville Road) mile, then south on James Sanders Blvd. mile, then west on Village Square Drive 1/10 mile, then south on Perkins Creek Drive to the property. Watch for signs!

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