ABSOLUTE AUCTION
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85+/- Acres
3500 Lexington Rd·Versailles, KY
Saturday May 30th 10:30am
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Inspections: Saturday May 16th 11am-1pm & Sunday May 24th 1-4pm
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We are pleased to offer at ABSOLUTE AUCTION this extremely well located 85 ACRE
property. “The Cedars”, includes a recently renovated 3 bedroom 2.5 bath brick Main Residence with over 3,300 square feet, 32 stalls in Two Barns and outstanding Bluegrass Maury
Soils. With a location just 4 miles to Keeneland and the Bluegrass Airport and just inside
Woodford County Kentucky, this is a wonderful opportunity to purchase.
GREAT LAND and GREAT LOCATION!
BiedermanRealEstate.com
Real Estate Terms: Property sold in it’s “as is” condition, no warrantees or guarantees, Lead Based Paint
Waiver Required 10% Buyer’s Premium added to final bid to determine purchase price,10% of gross purchase
price with signed contract due day of sale, closing on or before 30 days, time being of the essence.
Zach Davis Broker/Agent
859-576-8195
1076 Wellington Way
Lexington, KY 40513
859-277-2030
Tom Biederman
Broker/Auctioneer
859-312-0606
Terms and Conditions of Sale
May 30, 2015
The property to be sold is located at 3500 Lexington Road, Versailles, Kentucky and shall be sold as a
single entity.
2.
The property is to be sold in its "as is" condition without any warranty or guarantee as
to the physical condition of the property or any of the improvements thereon.
3.
Prospective bidders, at their own expense, shall have the right to conduct inspections prior to sale,
including a lead based paint inspection, and must sign the lead based paint disclosure attached to
these terms.
4.
A ten percent (10%) Buyer's Premium shall be added to the final bid price of each tract to
determine the gross purchase price.
5.
The Purchaser must pay ten percent (10%) of the gross purchase price in cash, certified funds,
or personal check with prior approval, immediately following the auction sale and must sign the
Auction Purchase Contract in the form which is attached to these Terms and Conditions. The
balance of the purchase price shall be paid in cash or certified funds within thirty (30) days of
the date hereof, with time being of the essence. The closing may be postponed only in
accordance with the terms of the Auction Purchase Contract.
6.
The property will be conveyed to the Purchaser in fee simple, by deed of general warranty,
subject only to easements, restrictions and conditions of record, if any, affecting the property.
All taxes and assessments shall be prorated as of closing.
7.
The property to be sold shall include all permanent improvements located thereon but
shall not include any movable personal property.
8.
Sellers agree to deliver to Purchaser complete possession of the property at the time of the closing.
9.
Seller shall continue to maintain the property and continue insurance coverage.
10.
Biederman Real Estate and Auctioneers will pay to a properly registered Buyer/Broker Agent a two (2%)
commission of the final bid price. Any and all registrations MUST be completed by the BUYER and
forwarded to Biederman Real Estate and Auctioneers by email, fax or hand delivery TWENTY FOUR (24)
HOURS prior to the auction with NO exceptions (subject to Auctioneer approval)
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1.
ANNOUNCEMENTS MADE THE DAY OF SALE TAKE PRECEDENCE OVER
PRINTED MATERIAL OR PRIOR VERBAL STATEMENTS.
Main House: 3 bedrooms · 2.5 Baths · 3,300 square feet
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Main House: 3 bedrooms · 2.5 Baths · 3,300 square feet
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.Recently renovated
.3 Bedrooms
.2 1/2 Baths
Over 3,300 square feet
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Main Residence
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32 Stalls in two Barns
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Barn Views
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Interior Barn
Farm View
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84° 39' 37''
84° 40' 19''
Farmland Classification—Jessamine and Woodford Counties, Kentucky
704500
704600
704700
704800
704900
705000
705100
705200
4214400
4214500
38° 3' 22''
4214300
lmB
4214300
4214400
4214500
4214600
704400
4214600
704300
38° 3' 22''
4214200
4214200
uB
lm
B
uB
Hu
uMlmC
4214100
4214000
4213900
4213900
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4214000
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4214100
MnC
4213800
4213700
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4213700
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4213800
uBlmB
4213600
4213500
uMlmC
4213500
4213600
Ne
MnD
4213400
4213400
uBlmB
84° 40' 21''
704300
704400
704500
704600
704700
704900
Map Scale: 1:6,690 if printed on A size (8.5" x 11") sheet.
0
0
50
100
250
Natural Resources
Conservation Service
200
500
Meters
300
1,000
4213300
38° 2' 36''
704800
Feet
1,500
Web Soil Survey
National Cooperative Soil Survey
705000
705100
705200
84° 39' 38''
38° 2' 37''
Heritage Rd
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Hu
nt e
r tow
4213300
60
Lexington Rd
Glenhaven Rd
Lexing ton Rd
6/24/2013
Page 1 of 3
Farmland Classification–Jessamine and Woodford Counties, Kentucky
Farmland Classification
Farmland Classification— Summary by Map Unit — Jessamine and Woodford Counties, Kentucky (KY624)
Map unit symbol
Map unit name
Hu
Huntington silt loam
MnC
Rating
Acres in AOI
3.8
4.4%
McAfee silt loam, 6 to 12 percent Farmland of statewide
slopes
importance
7.8
9.1%
MnD
McAfee silt loam, 12 to 20 percent Not prime farmland
slopes
0.4
0.4%
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Newark silt loam
3.5
4.1%
uBlmB
Bluegrass-Maury silt loams, 2 to 6 All areas are prime farmland
percent slopes
49.1
57.4%
uMlmC
Maury-Bluegrass silt loams, 6 to
12 percent slopes
21.0
24.5%
85.5
100.0%
Description
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Prime farmland if drained and
either protected from flooding
or not frequently flooded during
the growing season
Farmland of statewide
importance
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Totals for Area of Interest
Prime farmland if protected from
flooding or not frequently
flooded during the growing
season
Percent of AOI
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Farmland classification identifies map units as prime farmland, farmland of
statewide importance, farmland of local importance, or unique farmland. It identifies
the location and extent of the soils that are best suited to food, feed, fiber, forage,
and oilseed crops. NRCS policy and procedures on prime and unique farmlands
are published in the "Federal Register," Vol. 43, No. 21, January 31, 1978.
Rating Options
Aggregation Method: No Aggregation Necessary
Tie-break Rule: Lower
Natural Resources
Conservation Service
Web Soil Survey
National Cooperative Soil Survey
6/24/2013
Page 3 of 3
Biederman Real Estate & Auctioneers
1076 Wellington Way
Lexington, Kentucky 40513
Phone (859) 277-2030
FAX (859) 277-6189
ABSOLUTE AUCTION PURCHASE CONTRACT
Date___________
This AUCTION PURCHASE CONTRACT (herein "CONTRACT") is
made and entered into this the 30th day of May, 2015, by and between
LLC
c/o
(Francisco
Perzcalva)
(hereinafter
"Seller
Pecasa
and
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_________________________________________________________________,
(herein "PURCHASER" whether one or more) and Biederman Real Estate &
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Auctioneers, duly licensed by the Commonwealth of Kentucky as real estate
brokers and auctioneers, 1076 Wellington Way, Lexington, Fayette County,
Kentucky 40513 Kirkpatrick and Company (herein "Selling Agent" or "Agents").
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W I T N E S S E T H T H A T:
SELLER is authorized to sell, and has granted to AGENT an exclusive
contract authorizing AGENT to sell the property containing 85 +/- acres located at
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3500 Lexington Road, Versailles, KY 40383 SELLER further instructed AGENT
to sell the property at Absolute Auction.
At the conclusion of the auction held the day, month and year first above
written ___________________________________________________________
was the successful bidder and deemed to be the PURCHASER.
For and in consideration of the final bid of $__________________ and a
Ten percent (10%) Buyer’s Premium of $ _________________ for a total
purchase price of $______________ the SELLER does hereby agree to sell to
PURCHASER and PURCHASER does hereby agree to purchase from SELLER
the property hereinabove described.
1.
The total purchase price of $__________________ of the said
property is payable as follows:
A. The sum of $____________________, representing Ten percent (10%) of the
total purchase price, a check for which simultaneously with the execution of this
contract, shall be presented to Biederman Real Estate for immediate deposit into
its escrow account for payment to SELLER at the closing of the said property or
returned to PURCHASER or to be paid to SELLER under other provisions hereof,
if applicable.
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B. The sum of $_________________, representing the balance of
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the total purchase price, shall be paid to SELLER at the closing.
2.
Closing of this said sale shall be held on or before thirty (30) days,
at such location as may be acceptable to both PURCHASER and SELLER. Time
shall be of the essence in closing this sale.
At the closing, SELLER shall deliver to PURCHASER, or his
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nominee, a General Warranty Deed conveying title to the said property, free and
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clear of all encumbrances excepting easements, restrictions and conditions of
record or as herewith set out and health and zoning regulations and other
governmental regulations, if any.
4.
SELLER agrees to deliver to PURCHASER complete possession
of the property at the time of the closing.
5.
All ad valorem taxes for the year 2015 assessed against the said
property are to be prorated to the date of the closing and SELLER shall pay the
transfer tax.
6.
In the event that the title to the property should prove
unmerchantable in the opinion of the attorney for PURCHASER, SELLER shall
be notified in writing of any such defect(s) and SELLER shall have thirty (30)
days from the receipt of said written notice within which to correct said defect(s)
and this CONTRACT shall be extended accordingly. In the event that title to the
said
property
finally
proves
unmerchantable,
then
the
amount
of
$_________________ shall be returned to PURCHASER and this CONTRACT
shall be declared null and void. In the event the PURCHASER, for any reason
other than failure of merchantability of title, fails to consummate this
CONTRACT, SELLER shall retain the sum of $__________________ herewith
deposited, as liquidated damages and declare this CONTRACT null and void
and/or pursue such other remedies as the law may provide.
The property is to be sold as a single entity.
8.
This CONTRACT is binding upon the parties hereto, their heirs,
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7.
successors, personal representatives and assigns.
9.
NO SURVIVAL OR SELLER OBLIGATION. The acceptance of
a deed by the PURCHASER shall be deemed to be a full performance and
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discharge of every obligation on the part of the SELLER and the AGENT to be
performed pursuant to this CONTRACT.
SELLER agrees to pay AGENT a commission as set forth in a
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11.
contract granting AGENT exclusive right to sell said property at Auction.
We the undersigned have read this CONTRACT and fully understand the
contents therein, and understand that this is the complete content of said
CONTRACT and acknowledge the receipt of same. Further, we acknowledge that
we are not relying on any verbal statements or representations by either the
SELLERS or AGENT.
IN WITNESS WHEREOF, the parties have hereunto set their hands this
the day, month and year first above written.
SELLER:
Pecasa LLC c/o (Francisco Perezcalva)
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By:________________________________ Date:__________ Time: ________
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Title__________________________________
PURCHASERS:
_____________________________
_____________________________
Date: __________ Time: ____
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AGENT:
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Date: __________ Time: ________
Biederman Real Estate & Auctioneers
_______________________
Tom Biederman, Auctioneer
Date: __________ Time: ________
Kirkpatrick and Company
_______________________
Zach Davis, Broker
Date: __________ Time: ________
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AUCTION REGISTRATION FORM
Complete and return this Registration Form immediately in order to be eligible to bid.
Bidder Number: __________________
Business Phone: __________________
(To be filled in by auctioneer)
AUCTION ADDRESS: _________________________________________________
NAME: _____________________________________________ HOME PHONE: ___________________
ADDRESS: ____________________________________________________________________________
CITY: ________________________________________ STATE: _____________ ZIP: ______________
EMPLOYER: ___________________________________ DRIVER’S LICENSE # __________________
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EMAIL: ___________________________________________
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BANKING INFORMATION:
BANK: _______________________________________________ ACCT # ________________________
ADDRESS: ________________________________________________ ZIP: _______________________
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CONTACT: ________________________________________ PHONE: ___________________________
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I HAVE received, read, and accepted the Terms and Conditions of Sale for the Auction which is set forth in the Terms and
Conditions and incorporated herein by reference. I hereby give permission to Biederman Real Estate and Auctioneers to
verify all credit references.
DATE: _____________________ BUYER SIGNATURE: _____________________________________
BROKER/AGENT PARTICIPATION
(Agent Participation/Registration form, must be filled out and returned to Biederman Real Estate & Auctioneers no later than 24 hours prior to sale. Subject to Auctioneer Approval)
I hereby name __________________________________ of ___________________________ Real Estate,
________________________________________________________, ____________________________,
(address)
(phone)
as my designated agent in the Auction of ______________________________________________.
BUYER SIGNATURE: ______________________________ BROKER/AGENT: ___________________
Time: _____________ Date:________________
Tom Biederman, Broker/Auctioneer
1076 Wellington Way, Lexington KY 40513
Phone: (859) 277-2030 Fax: (859) 277-6189
www.biedermanbrokerage.com
Received by Biederman Real Estate & Auctioneers:
Time ________________ Date ____________
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Biederman Real Estate will strive to represent our clients,
both buyers and sellers, with the utmost responsibility. Our
representatives will always work to our highest abilities to
provide successful transactions for all parties.