Name CAVE CITY COMMERCIAL PROPERTY - MASTER COMMISSIONER'S SALE
Auctioneer Elmore Realty & Auction, LLC.
Date(s) 6/2/2018
SATURDAY JUNE 2, 2018 10:00AM CST
Preview Date/Time PLEASE CALL DAKOTA R. ELMORE AT 270-646-7275 FOR APPOINTMENTS.
Checkout Date/Time REAL ESTATE ONLY
Location 414 HAPPY VALLEY RD.
CAVE CITY, KY 42127
Buyer Premium NO BUYER'S PREMIUM!!!
Description
MASTER COMMISSIONER'S SALE COMMERCIAL PROPERTY 10.358+/- ACRES, OFFERED IN 5 TRACTS -HIGH TRAFFIC INTERSECTION -CORNER LOT, FORMERLY KNOWN AS CAVE COUNTRY BEVERAGES -1.43 ACRE TRACT, FORMERLY KNOWN AS COFFEY'S CONCRETE CREATIONS -VACANT BUILDING LOT BETWEEN THE 2 BUILDINGS, BEING 0.593+/- AC. -6 ACRE TRACT & BUILDINGS, LAYS BEHIND THE OLD FRED'S BUILDING -1.6+/- ACRE TRACT FEATURES NICE BRICK HOME
LEGAL NOTICE -- COMMISSIONER'S SALE SATURDAY, JUNE 2, 2018 AT 10:00AM CST ON LOCATION AT 414 HAPPY VALLEY RD., CAVE CITY, BARREN COUNTY KY 42127 AT THE INTERSECTION OF HWY. 90 & 31-W EDMONTON STATE BANK V. CHRISTOPHER LYNN HOLDER ESTATE; TAMMY J. ATWELL; ET AL BY VIRTUE OF JUDGMENT IN THE CASE SET FORTH BELOW: I SHALL SELL TO THE HIGHEST AND BEST BIDDER AT THE TIME AND PLACE ABOVE, THE FOLLOWING REAL ESTATE AND IMPROVEMENTS THEREON IN BARREN COUNTY, KY, TO WIT: THE FOLLOWING TRACTS WILL BE SOLD SEPERATELY AND IN POSSIBLE COMBINATIONS: TRACT # 1 - 1001 S DIXIE HWY, CAVE CITY. 0.593+/- AC. AND BUILDING (FORMERLY CAVE COUNTRY BEVERAGES) PART OF PVA # 60-75 TRACT # 2 - 1001 S DIXIE HWY, CAVE CITY. LOT #2 BESIDE BUILDING OF 0.584+/- AC., PART OF PVA # 60-75 TRACT # 3 - 414, 414-1 AND 414-2 HAPPY VALLEY RD., CAVE CITY. 1.43+/- AC. AND LARGE BUILDING (FORMERLY COFFEY'S CONCRETE CREATIONS). PVA # 60C-22 TRACT # 4 - 1005 S DIXIE HWY., CAVE CITY. 1.666+/- AC. AND BRICK HOME. PVA # 60C-23 TRACT # 5 - 500 E. HAPPY VALLEY RD., CAVE CITY. 6.01+/- AC. AND 2 BUILDINGS. PVA # 60C-29E FOR THE PURCHASE PRICE, PURCHASER MAY PAY CASH, OR MAY PAY 10% OF THE PURCHASE PRICE IN CASH, WITH THE BALANCE OF THE PURCHASE PRICE SECURED BY A PURCHASE MONEY BOND DUE IN THIRTY (30) DAYS, WITH GOOD AND APPROVED SURETY ON THE BOND AND BEARING INTEREST AT THE RATE OF 12% PER ANNUM FROM DATE OF SALE UNTIL PAID, SAID BOND TO HAVE THE SAME FORCE AND EFFECT AS A JUDGMENT AND REMAIN A PRIOR AND SUPERIOR LIEN ON THE PROPERTY UNTIL FULLY PAID. THE PROPERTY SHALL BE SOLD WITH THE IMPROVEMENTS THEREON, "AS-IS". BIDDERS SHALL BE PREPARED TO PROMPTLY COMPLY WITH THE TERMS OF SALE; PURCHASER SHALL PAY PROPERTY TAXES DUE FOR 2017 AND FOLLOWING YEARS. THE JUDGMENT AUTHORIZING THE SALE IS A JUDGMENT AND ORDER OF SALE IN BARREN CIRCUIT COURT CIVIL ACTION NO. 17-CI-290, EDMONTON STATE BANK VS. CHRISTOPHER LYNN HOLDER ESTATE; TAMMY J. ATWELL; GARY D. LOGSDON AND ANN LOGSDON, HUSBAND & WIFE; LIGHTSTORM PROPERTIES, LLC; UNITED STATES OF AMERICA EX REL INTERNAL REVENUE SERVICE; BARREN COUNTY, KY TO RECOVER THE AMOUNT OF $478,151.26, TOGETHER WITH INTEREST AT THE CONTRACT RATE FROM JULY 26, 2017 UNTIL PAID AND TO RECOVER IN REM FOR THE UNITED STATES INTERNAL REVENUE SERVICE THE AMOUNT OF $113,130.17 PLUS INTEREST AND PENALTIES ALLOWED BY LAW UNTIL FULLY PAID, ALSO INCLUDES ATTORNEY'S FEES APPROVED BY THE COURT, AND COSTS HEREIN EXPENDED.
Currency USD
Buyer Premium NO BUYER'S PREMIUM!!!
Payment Terms
SEE TERMS & CONDITIONS OF SALE
NONE, REAL ESTATE ONLY