Online Auction of Lake Cumberland Marina LLC’
Cabins, Lot, and Acreage
Thursday, December 3rd at 6:00 p.m.
“Horseshoe Circle – Eli Area”
Near Lake Cumberland Marina “formerly Alligator #2
PREVIEW DATES: SATURDAY, NOVEMBER 21ST, AND THURSDAY, DECEMBER 3RD FROM 1:00 TO 5:00 P.M. CST. EACH DAY.
Directions! From Somerset take the Cumberland Parkway to Exit 70 and turn onto Hwy 910 West and proceed 2 3/10 miles to Hwy. 3278 and turn left. Proceed approximately one mile to Hwy 76 and turn left. Proceed on Hwy 76 approximately 3.3 miles to Hwy. 1383. Take Hwy. 1338 approximately two miles to the property. Auction signs are posted.
In order to pursue other business interests, the sellers are offering this property for your buying pleasure online.
It is said that “Lake Life …is the Best Life”!! You can find that in various ways with this auction! Whether that be a cabin near the lake, a lot for building within minutes of lake access, larger acreage for added privacy, or rental properties, this property offers many unique opportunities!
Tracts 1 and 2 are a duplex and will be sold together. Each unit offers a living room, kitchen, two bedrooms, and a full bath. They each include window heat and air units, shingle roof, carpet/linoleum, and city water. The lot size measure .21 of an acre.
Tract 3 and 4 will be offered separate and these units offer a living room, two bedrooms, and 1 ½ bath. They have carpet/linoleum flooring, window heat, and air units, and a shingle roof. The lot measures .15 and .14 acres respectively. Each of these units has city water and sewer.
Tract 5 has a living room, kitchen, bedroom, and bath. It has central heat and air, shingle roof, carpet/linoleum flooring, and the lot size measures .125 acres. It has city water and sewer.
Tract 6 offers a living room, kitchen, two bedrooms, and a bath on the main level. There is also a large loft area that could be used for a bedroom/media combination. It has central heat and air, carpet/linoleum as well as laminate flooring in the kitchen and living room, and a shingle roof. You have a large covered porch for outside enjoyment and entertaining. This tract has city water and sewer and measures .132 acres.
Tract #7 has a living room, kitchen, two bedrooms, a bath, and a nice covered porch. The flooring is carpet/linoleum, shingle roof, central heat and air, and shingle roof. The purchasers of this tract will be responsible for putting in their own water line and a meter. The property does have city sewer. The lot measures .121 of an acre.
Tract #8 offers a living room, kitchen, bedroom, bath, and a covered porch. There is a shingle roof, carpet/linoleum, and central heat and air. The lot measures .215 of an acre.
Tract #9 has a living room, kitchen, and bath on the main level with a nice size loft area. There is carpet/linoleum floorings, shingle roof, and window heat and air. The purchaser of this tract will also be responsible for running their own water line and installing a meter. It does have city water. The lot measures .123 of an acre.
Tract #10 is a masonry/wood constructed facility and is quite spacious. It has a large living and dining area, kitchen, a total of five bedrooms, two baths, and an unfinished basement. There is central heat and air, shingle roof, a mixture of hardwood, laminate, carpet and linoleum. This unit has city water and sewer. The lot measures .432 of an acre.
Lots #11 – 14 are located behind Tracts 9 and 10. These are vacant lots ranging in size from .129 to .060 of an acre. They have city water and sewer available and are ideal lots for home placement or for short term RV use.
**Restrictions are attached. (Horseshoe restrictions are attached.)
INDIAN HILLS
These lots are located on Indian Hills Drive just off Hwy 1383.
Being lots 40-41-42-43-44-45 and 46, they range in size from .45 of an acre to .93 of an acre. They offer blacktop frontage and have city water and sewer. Restrictions of Indian Hills are attached.
BUCKSHOT DRIVE ACREAGE
This tract is approximately 15 acres will be sold by the new survey and is primarily woodland. You can see the attached images that have the proposed boundaries. There is approx. 12 acres on Buckshot Drive and approx. 3 acres behind the cabins we have listed. It is both properties as shown by the attached maps. These tracts being sold are not contiguous. It could be divided into lots as portions of this tract have city water. There are areas of this property with paved surfaces and some areas have gravel frontage.
TERMS: Sale is subject to confirmation by the seller. The seller will have up to 3 business days after the close of the sale to confirm.
CLOSING: Properties must be closed on or before December 31st, 2020.
TERMS: 20% deposit within 48 hours of sale completion with the balance in 30 days.
Note: A ten percent buyer’s premium will be added to the last bid to determine the final sales price.
NOTE: The purchaser of a single-family residence built before 1978 has a maximum of 10 days to inspect the property of lead-based paint. The period for inspections begins November 22nd through December 2nd The successful bidder must sign a waiver of the 10-day inspection period.
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 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.
For additional information, contact the auctioneers.
CLOSING: Properties must be closed on or before December 31st, 2020.
TERMS: 20% deposit within 48 hours of sale completion with the balance in 30 days.
Note: A ten percent buyer’s premium will be added to the last bid to determine the final sales price.
NOTE: The purchaser of a single-family residence built before 1978 has a maximum of 10 days to inspect the property of lead-based paint. The period for inspections begins November 22nd through December 2nd The successful bidder must sign a waiver of the 10-day inspection period.
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 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.
For additional information, contact the auctioneers.