WEST POINT KY LAND AUCTION
22 +/- ACRES · OFFERED IN 2 TRACTS
SELLS ABSOLUTE · NO RESERVE!
1600’ ROAD FRONTAGE ON DIXIE HWY.
FORMER MOBILE HOME PARK · HISTORICAL SCHOOL SITE
ONLINE ONLY · BIDDING ENDS OCT 11
ADDRESS: 21333 Dixie Hwy, West Point, KY 40177
LOCATION: Just 5 miles north of Muldraugh KY or 26 miles south of Louisville KY!
REAL ESTATE INFO: VERY UNIQUE INVESTMENT OPPORTUNITY! Situated only 0.25 miles south of the convergence of the Ohio & Salt Rivers in historical West Point, KY! This 22 +/- acres will be offered in two (2) separate tracts! Includes 3+/- acres (zoned R5) previously used as a mobile home park (great KOA Campgrounds opportunity!), 17.5+/- partially wooded acres (zoned R1), and 1.5+/- acres (zoned R1) being an historical Rosenwald School site! Property features 1600’ road frontage along Dixie Highway and also access from Lillie Lewis Way. West Point is one of the oldest river communities in Kentucky dating back to 1796! Property is surrounded by numerous historical sites, walking trails, scenic woodlands/parks, and homes & sites pre-dating the Civil War. Also several types of opportunities for fishing, boating, and hiking (Tommy Duke Park & Salt River boat ramp on the east side, Fort Duffield and Salt River trailhead located to the south, & Salt River converges with the Ohio River 0.5 mile upriver of boat ramp). Lots of potential here-be sure to check it out! Sells ABSOLUTE with NO RESERVE!
TRACT #1 (20.5 +/- AC): Includes 3 +/- acres (zoned R5) previously used as a mobile home park & 17.5+/- partially wooded acres (zoned R1). Former mobile home park includes 300’ road frontage on Dixie Highway, gravel loop drive, 10 sites with electric, water & sewer hookups, & concrete building with gas, electric and water available (needs repairs-could be used for a shower house/restroom). Perfect opportunity for a KOA Campgrounds especially with LG&E’s upcoming new construction and the expansion of Riverport beginning soon! The surrounding 17.5+/- acres includes an additional 1300’ frontage on Dixie Highway, 100’ frontage on Lillie Lewis Way, 75% wooded acreage, 25% open acreage, and was previously used for horses & cattle. Adjoins Tract 2.
TRACT #2 (1.5 +/- AC): Former site of historical Rosenwald School; includes 1.5 +/- acres; mostly wooded; adjoins Tract 1. Julius Rosenwald founded The Rosenwald Schools in 1912 during segregation for the benefit of African American children. The building is no longer onsite; concrete foundation remains. (See Documents section for more information on Rosenwald Schools.)
OPEN HOUSE/INSPECTION: Vacant land-view anytime. Auction Co representative will be on site Friday Oct 6, 12-1 PM EST.
FLOODPLAIN: All of the real estate lies within the flood plain. (See Documents section for flood map.)
UTILITIES: Electric & natural gas-LG&E; water & sewer-City of West Point
MOBILE HOME PARK LICENSE: Seller currently holds an active 10 lot license (see Documents section for details). Buyer will need to apply for a license. For more information contact Hardin County Environmental Health at 270-769-0312.
BILLBOARD LEASE: There is an existing billboard lease in effect. (See Documents section for details.)
ZONING: City of West Point-R1 & R5. Parcel numbers 158-10-04-008, 158-10-04-009, 158-10-04-010, 158-10-04-011, 158-10-04-012, & 158-10-04-013 are zoned R5. Parcel numbers 158-10-04-006, 158-10-04-007, 158-10-04-014, 158-10-04-015; 158-10-04-017 are zoned R1. (See Documents section for map and West Point’s R1 and R5 zoning ordinances.)
POSSESSION/CLOSING INFO: Possession at closing. Buyer to pay all closing fees except deed prep.
GAS/MINERAL RIGHTS: All oil and gas and/or mineral rights owned by the Seller will be conveyed to the Purchaser.
TAXES: Current tax amounts are based on the seller’s current tax exemptions, if any. 1) 158-10-04-006 ($155.48 annual amount); 2) 158-10-04-007 ($23.42 annual amount); 3) 158-10-04-008 ($358.81 annual amount); 4) 158-10-04-009 ($71.71 annual amount); 5) 158-10-04-010 ($18.72 annual amount); 6) 158-10-04-011 ($18.72 annual amount); 7) 158-10-04-012 ($26.53 annual amount); 8) 158-10-04-013 ($17.18 annual amount); 9) 158-10-04-014 ($24.96 annual amount); & 10) 158-10-04-015 ($24.96 annual amount); 11) 158-10-04-017 ($56.17 annual amount).
PARCEL ID (TRACT #1): 158-10-04-006; 158-10-04-007; 158-10-04-008; 158-10-04-009; 158-10-04-010; 158-10-04-011; 158-10-04-012; 158-10-04-013; 158-10-04-014; & 158-10-04-015
PARCEL ID (TRACT #2-Rosenwald School): 158-10-04-017
DIRECTIONS: Located 5.6 miles north of Muldraugh on Dixie Hwy or 26 miles south of Louisville on Dixie Hwy.
OWNER: Albro Properties, LLC
PLEASE READ AND REVIEW THE TERMS THOROUGHLY PRIOR TO BIDDING.
IF YOU HAVE NOT READ AND UNDERSTAND THESE TERMS, PLEASE DO NOT BID. BY BIDDING ON THIS AUCTION, BUYER AGREES TO ALL TERMS AND CONDITIONS SET FORTH AND ENTERS INTO A CONTRACTUAL AGREEMENT TO PURCHASE THE ITEMS(S) UNDER THE FOLLOWING TERMS AND CONDITIONS:
1. Conditions of Sale: This online only auction is absolute with no reserve and is a cash sale 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. 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.
2. Closing Info: 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 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. Buyer(s) shall pay all costs of closing with exception of deed preparation paid by Seller. Possession shall be given to the successful Buyer(s) at closing.
3. Lead Based Paint Disclosure: Buyers of any interest in residential real property with a residential dwelling built prior to 1978 are notified that such property may present exposure to lead from lead-based paint. The Seller(s) of such property is required to provide the Buyer(s) with any information on lead-based paint hazards from risk assessments or inspections while in the Seller(s) possession and notify the Buyer(s) of any unknown lead-based paint hazards. Any inspections and assessments for the presence of lead-based paint and/or hazards by a buyer(s) must be made prior to auction; otherwise, buyer(s) waives the 10-day opportunity to conduct such risk assessment/inspection and shall acknowledge receipt of lead-based paint disclosure form.
4. 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.
5. Other Conditions: Buyer(s) must be prepared to make a cash offer. 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. This property is being sold for cash “as-is, where-is” with a closing deadline.
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 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.
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.
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 one percent (1%) 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.
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.
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.
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.
10. Bidder Verification: Bidding rights are provisional, and if identity verification is questionable, Beckort Auctions has the right to reject the registration, and bidding activity will be terminated. The Seller and Beckort Auctions reserve the right to preclude any person from bidding if there is any question as to the person’s credential as they are responsible for ANY and ALL activity involving their account. When using the web site you must obey any and all local state and federal laws. Violations will result in termination of web site use privileges.
11. 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.
YOUR BID ON THIS AUCTION INDICATES BOTH AN UNDERSTANDING AND AN ACCEPTANCE OF THE TERMS OF THIS CONTRACTUAL AGREEMENT BETWEEN YOURSELF AND BOTH THE SELLER AND BECKORT AUCTIONS AND THAT YOU, AS THE BIDDER, ARE PREPARED TO PURCHASE THE PROPERTY UNDER THE TERMS AND CONDITIONS OF THIS AUCTION.
REVISED 02/12/2019
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