ONLINE BIDDING ONLY
AUCTION
Bidding Ends Dec 13TH 1:00 PM
BARR REALTY & AUCTION CO., INC. has been selected by the Meade County Board of Education to sell this excess real estate by online auction.
FORMER MULDRAUGH ELEMENTARY
LOCATED IN MEADE COUNTY at 202 Wendell St. Muldraugh, KY 40155. Only one block off of HWY 31W (Dixie Highway) directly behind The Dodges Store and Shinetime Auto Wash.
19,400 SQUARE FOOT BRICK BUILDING
GYMNASIUM ∙ 3.67 ACRES
6 MILES FROM LOUISVILLE METRO
½ MILE FROM FORT KNOX
ONLINE BIDDING ONLY
Selling by online bidding only will be a 19,400 square foot brick and block building situated on 3.67 acres. It formally housed the Muldraugh Elementary School and will be sold in 5 parcels using the ultimate choice method allowing whole and multiple combinations. A land survey is currently underway. There are (12) 26ft x 27ft rooms, (4) 9ft x 12ft office rooms one with sink, receptionist area, 3,800 sq. foot gymnasium, women’s restroom with 8 stalls and 4 sinks, men’s restroom with 4 stalls, 2 urinals and 4 sinks, kitchen with restroom, pantry room, cafeteria, resource room, file room, workroom, boiler room, janitorial room with roof access ladder and small restroom. The building is heated by gas and cooled by roof top central air units. There is a walk-in cooler/ freezer. Other features include 3.67 acres, approximately 26,500 square feet of asphalt parking, concrete handicap ramp, sidewalks and approaches, 90ft x90ft asphalt basketball/ recreation court, fenced playground, stainless flag pole, partial perimeter chain link fencing and frontage on Wendell and Wilson Streets. Water and Sewer is provided by the City of Muldraugh. The property is zoned R-2 Residential. The following built in equipment remains with the Muldraugh building: Kolpak walk-in freezer, Kolpak walk-in cooler, Vulcan Autosan stainless dishwasher with conveyor, sink counter and overhead faucet, fire suppression hood, triple bay stainless sink with double drain boards, basketball back boards, message sign on outside of building.
There will be a Bid Center at the Muldraugh Location on Dec 13th to assist any bidder that may need assistance for either property.
Attention Sport Leagues: These buildings both have gymnasiums and additional land for soccer, football, baseball or softball fields.
Only minutes from Fort Knox. Click here for more information:
FORMER BATTLETOWN ELEMENTARY
LOCATED IN MEADE COUNTY at 8585 Battletown Rd. Battletown, KY. From the Brandenburg By-Pass Rd take HWY 228 Battletown Rd 7 miles to the property.
16,000 SQUARE FOOT BUILDING
BASEMENT ∙ 10.4 ACRES ∙ COUNTY WATER
BLOCK STORAGE BUILDING ∙ PAVILION
24 MILES FROM INTERSTATE 64
ONLINE BIDDING ONLY
Selling by Online Bidding only will be a 16,000 square foot brick and block building situated on 10.4 acres. It was formerly the Battletown Elementary School and will be sold in one parcel. Included is a 3,800 square foot gymnasium, 1,100 square foot basement area, (7) 21ft x 32ft rooms (5 with built in lockers) 16ft x 21ft room, (5) rooms ranging from 8 x 15 to 15 x 21, women’s restroom with 4 stalls and 2 sinks, men’s restroom with 4 stalls, 2 urinals and 2 sinks. 21ft x 53ft cafeteria with restroom, kitchen with walk-in cooler/ freezer, pantry, janitorial room, office, foyer and reception area. The building has updated windows. There is a geo-thermal heat pump heating and cooling system. Water is supplied by the Meade County Water District. Other improvements include 34,000 square feet of asphalt parking area, a 20x24 block storage building, and 24ft x32ft pavilion shelter with concrete floor. The property is zoned A-2 Agricultural. The following attached equipment remains with the Battletown building: Vulcan- Hart steam dishwasher, Vulcan stainless electric stove with top griddle, fire compression hood, 2 bay sink with drain tray, Vulcan- Autosan dishwasher, stainless work table, Blodgett/ Zephaire double stack 4 door electric oven, message sign near the road.
Inspection Dates: Weds Dec 5th 3:00pm to 7:00pm and Thurs Dec 13th 10:00am to 12:00pm for both buildings. School Board maintenance personnel and auction company representatives will be available during inspection.
TERMS: $10,000 down per building parcel, $2,000 down per vacant land parcel balance due on all by Jan. 17, 2013. Taxes: The property may be tax exempt for 2013. If not tax exempt, paid by buyers. All deposits to be made in the form of cash, cashier’s check or personal check with up to date bank letter guaranteeing funds. BUYERS PREMIUM: A 10% buyers premium will be added to all winning bids to determine the final selling price. IMPORTANT NOTICE: All property sold “as is, where is” condition with no warranty or guarantee expressed or implied. Although information has been obtained from sources deemed to be reliable, neither the seller nor the auctioneer make any warranty or guarantee, expressed or implied, as to the accuracy of the information herein contained. It is for this reason that buyers should avail themselves of the opportunity to make an inspection prior to the auction. All announcements from the auction block take precedence over any printed material or any oral statements made. POSSESSION: Muldraugh property date of deed. Battletown property- Date of deed with the exception of the kitchen, cafeteria and bathroom area which the seller retains the use of until Aug 1st 2013. See the Website for lease agreement that will be signed by both buyer and seller at the closing.
MEADE COUNTY BOARD OF EDUCATION, OWNER
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Bidding Increments:<br>
$0 - $20 = $2 Increment<br>
$20 - $100 $5 Increment<br>
$100 - $500 = $10 Increment<br>
$500 - $1,000 = $25 Increment<br>
$1,000- $3,000 = $100 Increment<br>
$3,000 - $10,000 = $250 Increment<br>
$10,000 -50,000 = $500 Increment<br>
$50,000-$200,000 = $1,000 Increment<br>
$200,000 + = $2,000 Increment<br>
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TERMS: $10,000 down per building parcel, $2,000 down per vacant land parcel balance due on all by Jan. 17, 2013. Taxes: The property may be tax exempt for 2013. If not tax exempt, paid by buyers. All deposits to be made in the form of cash, cashier’s check or personal check with up to date bank letter guaranteeing funds. BUYERS PREMIUM: A 10% buyers premium will be added to all winning bids to determine the final selling price. IMPORTANT NOTICE: All property sold “as is, where is” condition with no warranty or guarantee expressed or implied. Although information has been obtained from sources deemed to be reliable, neither the seller nor the auctioneer make any warranty or guarantee, expressed or implied, as to the accuracy of the information herein contained. It is for this reason that buyers should avail themselves of the opportunity to make an inspection prior to the auction. All announcements from the auction block take precedence over any printed material or any oral statements made. POSSESSION: Muldraugh property date of deed. Battletown property- Date of deed with the exception of the kitchen, cafeteria and bathroom area which the seller retains the use of until Aug 1ST 2013. See the Website for lease agreement that will be signed by both buyer and seller at the closing.<br>
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Online Auction Terms:<br>
This online only 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 Agreement to Purchase Real Estate. <br>
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A Buyer’s Premium of 10% is added to the high bid. At the close of the auction, the successful Bidder will be emailed an Agreement to Purchase Contract to be executed and returned to Barr Realty & Auction Co., Inc within Twenty Four (24) hours. Successful Bidders will make their deposits in the form of cash, cashier’s check, or wire transfer with Barr Realty & Auction Co., Inc within Twenty Four (24) hours of the completion of the auction. The entirety of the remaining balance is due at closing on or before January 17th, 2013.<br>
Purchaser will be responsible for all wire transfers. <br>
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Per the Contract, time is of the essence; you should proceed to closing within Thirty (30) days. Possession shall be given to the successful Buyer(s) at closing. Any closing fees charged by the buyer(s) lender or closing attorney will be a buyer(s) expense.<br>
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Successful Bidders not executing and returning their Contract with Earnest Money deposit within Twenty Four (24) hours of the conclusion of the auction will be considered in default. If your closing is delayed for any reason, by you, as purchaser, or other parties working on your behalf, including any lender you involve, you may be declared in breach of this contract, forfeit all deposits made, and could be additionally liable for any and all costs incurred by Seller and Barr Realty & Auction Co., Inc incurred in a subsequent resale of the property. <br>
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Buyer(s) must be prepared to make a cash offer. There are no contingencies to this sale (i.e. financing, appraisal, repairs, or inspections). Therefore, you should be pre-qualified by a lender prior to bidding if you require financing. This property is being sold for cash “as-is, where-is” with a closing deadline.<br>
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Barr Realty & Auction Co., Inc reserves the right to remove or cancel the bids and or bidding rights and privileges of any party at any time deemed not to be in the best interest of the seller. The identity of all bidders will be verified, bidding rights are provisional, and if complete verification is not possible, Barr Realty & Auction Co., Inc will reject the registration, and bidding activity will be terminated. <br>
Barr Realty and Auction Company will make its best efforts to accept and submit your bids. However, due to possible equipment malfunctions, lapsed time due to internet connections, or bidders not acting quickly enough we do not guarantee that a bid will be received and/or accepted. It is of no benefit to wait to the last second to submit a bid. In the event bidding is active the auto extend feature will automatically extend the time unless we inform you otherwise. It is for this reason that we highly recommend that you submit any and all bids as quickly as you can to ensure that it is received/accepted. <br>
Barr Realty and Auction Company reserves the right to change a bidder’s user name and or password at anytime for any reason. <br>
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Buyer acknowledges they are buying property “as-is, where-is”, without inspections or contingencies, Buyer(s) will rely on his/her own judgment and inspection. <br>
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Barr Realty & Auction Co., Inc and their representatives are Exclusive Agents of the Seller(s).<br>
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Real Estate is sold subject to any and all existing matters of record, and all easements, building use or zoning laws and regulations. Taxes: The property may be tax exempt for 2013. If not tax exempt, paid by buyers.<br>
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All Barr Realty & Auction Co., Inc Online Only Real Estate Auctions are timed events that have an auto-extend feature. Any bid placed within 5 minutes of the auction ending will automatically extend the auction for 5 minutes from the time the bid is placed. Example: If an auction scheduled to end at 6:00 pm receives a bid at 5:59 pm, the close time of the auction automatically extends to 6:04 pm. The auto-extend feature remains active until no further bids are received within the 5 minute time frame. <br>
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IMPORTANT NOTICE:Bidders agree to keep their username and password confidential as they are responsible for ANY and ALL activity involving their account.<br>
When using the web site you must obey any and all local state and federal laws. Violations will result in termination of web site use privileges.<br>
Auction company employees and/or auction company may bid on auction items.<br>
We gather aggregate information from this web site which may include but is not limited to: number of page visitors, most visited pages, any and all correspondence. All property sold “as is where is” condition with no warranty or guarantee expressed or implied. Although information has been obtained from sources deemed to be reliable, neither the seller nor the auctioneer makes any warranty or guarantee, expressed or implied, as to the accuracy of the information herein contained. It is for this reason that buyers should avail themselves of the opportunity to make an inspection prior to the auction. All instant announcements from the auction company take precedence over any printed material or any oral statements made. Not responsible for accidents.