The Lancaster Agency, Inc. is honored to represent the Estate of Bernard Leo Cissell
as we sell this exceptional real estate and personal property items at
ABSOLUTE AUCTION ON SATURDAY, DECEMBER 1st, 2018 AT 10:30 A.M.
NO RESERVES – NO MINIMUMS
THE REAL ESTATE
This property is located in the city limits of the beautiful Loretto community on a total of 8.97 acres (+/-). The first level of the home features a bedroom, a full bathroom, a spacious eat-in kitchen w/ oak cabinetry, a cozy den off the kitchen (could also be used as an additional bedroom), a nice living room & a large mud room in the rear of the home. Upstairs offers a bedroom, a generously sized closet, a landing area surrounding the wooden staircase & attic storage…Plus a partial basement offers additional storage space & peace of mind during inclement weather! Inside you will enjoy shining hardwood flooring in the living room, wood flooring upstairs, ceramic tile flooring & half walls in the bathroom, unique wood & glass doors, and the comforts of a central heating & air conditioning system! Outside you will love taking it easy on the full length covered front porch while watching the world go by…Plus a 24′ X 24′ garage, an 18′ X 20′ storage building & a 20′ X 36′ metal barn w/ a concrete floor & loft storage…All this on 8.97 acres (+/-) of great laying land offered in 4 different tracts with each tract being able to connect to the municipal sewer system & all available utilities.
THE 4 TRACTS
Tract 1 – .94 Acre +/-: 129.93′ of frontage on Spencer Hamilton Road. This tract offers the home, the 24′ X 24′ garage & the 18′ X 20′ storage building.
Tract 2 – .67 Acre +/-: 92.43′ of frontage on Spencer Hamilton Road. This tract offers a nice home building site & would also make an excellent combination with Tract 1.
Tract 3 – .65 Acre +/-: 111.09′ of frontage on Spencer Hamilton Road. This tract also offers a nice home building site.
Tract 4 – 6.71 Acres +/-: 76.48′ of frontage on Spencer Hamilton Road. This tract offers the 20′ X 36′ barn & a nice home building site. This tract would also make an excellent combination with any of the other 3 tracts.
THE PERSONAL PROPERTY
Hotpoint Refrigerator ; Electric Stove ; Table & 6 Chairs ; Table & 4 Chairs ; 8 Wooden Chairs ; Assorted Wooden Cane Bottom Chairs ; Old Rocking Chair ; Buffet ; Wardrobe ; Iron Bed ; Old Trunk ; Dresser w/ Mirror ; Wooden Potty Chair ; Metal Lawn Chairs ; Kitchen Cabinets ; Restaurant Cabinet ; Glass Display Case ; Kitchenware ; Old Steel Wheels ; Misc. Tools & Many Other Treasures!
ORDER OF SALE – REAL ESTATE
1st OFFERING
To be offered as a whole, TRACTS 1 THROUGH 4 GROUPED TOGETHER totaling 8.97 acres (+/-), per survey.
2nd OFFERING
ROUND 1
TRACT 1 (Home Tract) to be offered individually BY THE TRACT.
ROUND 2
TRACT 2 & TRACT 3 to be offered BY THE TRACT utilizing the ‘pick & choose’ auction method.
The highest bidder will have the priority to select Tract 2, Tract 3, or both tracts at that price per tract.
ROUND 3
TRACT 4 to be offered individually BY THE TRACT.
3rd OFFERING
If the total amount in the 2nd OFFERING exceeds the total amount in the 1st OFFERING, the highest bidder in the 1st OFFERING shall have the opportunity to group ALL 4 TRACTS back together for an additional $7,500 above the total amount attained in the 2nd OFFERING.
NO SALE IS FINAL UNTIL ALL OFFERINGS HAVE BEEN COMPLETED.
THE REAL ESTATE WILL BE SOLD IN THE MANNER REALIZING THE MOST MONEY FOR THE SELLER.
Note: After the real estate is sold we will auction the personal property items.
TERMS & CONDITIONS
* A 10% Buyer’s Premium will be added to all winning bids on both the real estate & personal property items
to determine the final sales and purchase price.
* Any purchaser of a real estate tract will pay a 20% deposit of the final sales and purchase price the day of the auction.
The balance will be due on or before December 31st, 2018.
6% Kentucky State Sales Tax will be added to the final sales and purchase price on all personal property items.
Cash or equivalent to be presented as payment on all personal property items the day of the auction.
* The 2018 real estate property taxes paid by the seller.
NOTE
THE REAL ESTATE & ALL IMPROVEMENTS AND ALL PERSONAL PROPERTY ITEMS ARE BEING SOLD AS IS.
The home was built prior to 1978 and has the potential for lead based paint.
Lead based paint inspection, and any other inspections desired by prospective purchasers must be performed prior to the auction.
To inspect the real estate please call:
The Lancaster Agency: (270) 692-6748
Charles Lancaster, Jr.: (270) 692-7270
ANNOUNCEMENTS MADE THE DAY OF THE AUCTION SUPERSEDE ANY AND ALL PRIOR ANNOUNCEMENTS, DOCUMENTATION, BROCHURES, ADVERTISING, OR STATEMENTS, WHETHER ORAL, WRITTEN, OR OTHERWISE, REGARDLESS OF WHO MADE THEM OR WHEN THEY WERE MADE.
CHARLES E. LANCASTER, JR. – PRINCIPAL BROKER / AUCTIONEER
