801 Pallet Mill Road・ Greenville・KY・42345
The Estate of Jon F. Geibel
ONSITE Only Bidding: Saturday・October 25th・10:00 AM
Bid Onsite at 801 Pallet Mill Road, Greenville, Kentucky
383.22 +/- Acres Selling by Deed in 4 Tracts・150' x 59' Shop Building
Tract #1:
- 2.4 +/- Acres
- Wooded
- Includes any and all minerals owned by Jon F. Geibel or Geibel Lumber
Tract #2:
- 122.62 +/- Acres
- Wooded
- Mature Trees
- Selling with Oil & Gas Owned by Jon F. Geibel or Geibel Lumber
- Includes Any and All Minerals and Minerals from Adjacent Properties Owned by Jon F Geibel or Geibel Lumber (see aerial for adjacent property)
Tract #3:
- 244 +/- Acres
- Wooded
- Mature Trees
- Coal and Coal Mining Rights Currently Owned by Bancroft Coal (see adjacent property included on aerial)
- Reversion Clause if Not Mined or Permit Released Reverts Back to Land Owner 0 This would return the coal rights to Tract #3
Tract #4:
- 14.2 +/- Acres
- 150' x 59' Metal Shop Building
- Concrete Floors
- Electric
- Wooded
- Includes Any and All Minerals Owned by Jon F. Geibel or Geibel Lumber
Real Estate is Selling by Deed
Call our office at 270-757-8436 with any questions.
For more information regarding this property contact:
Michael E. Miller
Broker / Principal Auctioneer
270.792.1093
RE/MAX Preferred & Auction
132 E Main Cross St
Greenville, KY 42345
270.757.8436
If you are a licensed real estate agent looking to pre-register your bidder click here to fill out the pre-registration form. Please contact listing agent or listing office for any information on compensation for pre-registered bidders. Bidders must be pre-registered 7 days PRIOR to start of auction.
Terms & Conditions:
- Bids will be accepted only from bidders that have duly registered in accordance with the terms and conditions of this sale. All bidders must be 18 years or older to be eligible to bid.
- Bidders shall satisfy themselves as to the condition, quality, and description of the property before bidding. All information and descriptions are believed to be correct; however, no warranties or guarantees are expressed or implied.
- All property is sold "AS IS, WHERE IS WITH ALL FAULTS."
- There are no pre nor post sale contingencies, including financing.
- Real Estate is selling by survey.
- Real Estate is selling subject to all easements and restrictions recorded or unrecorded.
- This is a reserve auction. Seller reserves the right to accept or reject the highest bid. Seller may also accept an offer at any time during the auction process.
- A 7% Buyer's Premium will be added to the last bid of the Real Estate to determine the total contract price.
- Winning Bidder must sign a Real Estate Purchase Contract and pay a down payment equal to 10% of the contract price (which is the high bid price plus the 7% Buyer's Premium) after being declared Winning Bidder. Example: If the high bid is $100,000 the Buyer's Premium will be $7,000 making the Contract Price $107,000. The 10% Down Payment Deposit will be $10,700.
- The Real Estate Purchase Contract is available for inspection and review. The terms are not negotiable upon being declared Winning Bidder. The Real Estate Purchase Contract must be signed upon declared Winning Bidder. The 10% Down Payment Deposit check is to be written to RE/MAX Preferred & Auction and paid upon being declared Winning Bidder and signing contract.
- Down Payment Deposit is to be paid to seller if buyer defaults on closing.
- Closing to take place on November 24, 2025, or earlier if all parties agree.
- Seller shall pay for deed preparation, deed transfer tax and recording. Buyer shall pay closing fees which includes preparing closing statements and conducting the closing. Buyer to pay for title exam, title insurance (if any) and all cost associated with Buyer's loan.
- Real Estate taxes shall be prorated between the Seller and Buyer as of date of closing.
- Possession is to be given upon delivery of deed at closing.
- Announcements made day of sale take precedence over any advertisements.
- The auctioneer's decisions relative to bidding increments, order of sale and any disputes between bidders will be final.
- Auctioneer reserves the right to accept or reject any bid at any time.
- All information contained in the auction brochure, newspaper advertising, online advertising or supplied either in writing or verbally by staff members was derived from sources believed to be reliable, but not guaranteed. Buyers shall rely on their own information, judgement and inspection of the property and records.
- RE/MAX Preferred & Auction has the right to extend or withdraw the auction at any time.
