2 Houses & Approx. 5 +/- Acres at Absolute Live/Online Multi-Parcel Auction
Friday, October 20th, 2023 at 1:30PM
716 & 718 Monticello Street Somerset, Ky
Date of Preview - Friday - October 13th from 12:00 p.m. to 3:00 p.m.
Location, location, location! Up for auction two houses and 5.11 acres in Somerset, KY. 716 and 718 Monticello St. Somerset, KY; will be offered in tracts in a multi-parcel auction setting.
716 Monticello St, Somerset KY. consist of 3 bedrooms, 1 bath and an unfinished basement. The main level has a living room, kitchen, 3 bedrooms, 1 bath, with mostly hardwood floors that have been overlaid with carpet. The upstairs has a large room that can be used as an additional bedroom, craft room or storage. Downstairs you will find an unfinished basement. Outside the property consist of 1 acre with 160.5 feet along Monticello Street. This tract is well located to all the sights and sounds of Somerset, KY.
718 Monticello Street, Somerset, KY. consist of 4 bedrooms, 1 bath, and an unfinished basement. The main living has a living room, kitchen, a split bedroom plan with 3 bedrooms on one side of the house and an additional bedroom on the other side of the house. The basement is unfinished with room for additional rooms of your choice and has a 2 car garage. Outside you will receive 4.11 acres with 142.7 feet of road frontage along Monticello Street, Somerset, KY. The property is improved with a detached garage measuring approximately 22’ by 24’ and a small outbuilding with a cellar.
Whether you are looking for a place to live, an investment, a flip house, or a VRBO; this is the auction for you. Being on Monticello Street, Somerset, KY; this property is loaded with potential. Combine you could have 2 houses and 5.11 acres! Mark your calendar for this important auction.****Landlord possession on each of the houses.
****Up to 30 days possession on the detached garage and outbuilding
Buyer's Premium: There will be a 10% Buyer’s Premium added to the winning bid to determine the final sale price.
REAL ESTATE TERMS: 20% of the total sale price down as a non refundable earnest money at the close of the auction. We do not accept a credit card for down payment. The balance of purchase price is due at closing, said closing to be within 30 days of close of bidding. Purchaser shall be responsible for all wire transfer fees. Closing will be as specified in the Contract for Sale of Real Estate.
This auction 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 Contract for Sale of Real Estate.
MULTI-PARCEL AUCTION: The property will be offered in tracts utilizing the multi-parcel method and selling in the manner that reflects the best returns for the sellers. This concept gives each and every prospective buyer the ability to purchase his or her individual tract or combination. We will be selling the property today in $500 bid increments.
GOOD INSURABLE GENERAL WARRANTY DEED AT CLOSING.
Real Estate Taxes and Closing Cost: All real estate taxes will be prorated for 2023. The purchaser will pay all other closing costs associated with the purchaser’s side of the sale, including local and state recording fees and any cost associated with the purchaser’s loan. The seller will pay for deed preparation and deed tax.
AUCTIONEER/BROKER/SELLER DISCLAIMER: The information contained herein is believed to be correct to the best of the auctioneer’s knowledge. The information is being provided for the bidder’s convenience and it is the bidder’s responsibility to determine whether the information contained herein is accurate and complete. The property is selling in its as-is condition with no warranties expressed or implied.
Announcements made the day of the auction take precedence over printed matter.
If you have any questions regarding the property, please contact us at 606-679-2212.
Michael Broughton, Auctioneer