Ducks Unlimited is selling a wooded waterfront lot on Lake Barkely, a great spot to build a lake-side home.

The wooded waterfront lot is located in the Worthington Subdivision on Lake Barkley. The lot is 2.88 acres is size and has approximately 50’of lake frontage. Lake Barkley is known for its fishing and recreational opportunities. The Worthington Subdivision is a multi-phase development, with this lot being located in Phase 1. The adjacent lot (36) is listed at $39,900

Covenants and Restriction (partial) Section 8.03
No residence less then 800 square feet living area for one story, or 1,200 square feet for a two story building, exclusive of porches, garages, decks, patios, etc.

Section 8.04
No mobile homes, trailers, buses, doublewide mobile homes, pre-fabricated all metal homes are allowed on any lot as residence, or for storage, either temporarily or permanently. The lot will not be included as an auction property.

 

Bid Process Overview

Contact Information:

Ducks Unlimited,Inc.
ATTN: David Marrone Director of Land Protection
One Waterfowl Way
Memphis, TN 38120

Phone: (901) 758-3726

Website: http://prairie.ducks.org/cld/LakeBarkley/pip.cfm

Bid Registration: Bids will be accepted between 05/15/2005 and 06/15/2005. Bid packages are available on-line (bottom of this page) or by contacting the Ducks Unlimited. (see contact information).

Winning Bids and Terms: At the end of the bidding period, the person submitting the highest bid will be declared the buyer. A ten percent (10%) down payment is due within 3 business days of being accepted as the winning bidder. The balance of the bid price is due in cash at closing which will take place approximately 60 days after the end of the bidding period. Closing costs and title insurance is the buyer's responsibility. Buyer to receive all mineral rights except the rights to carbon sequestration. Property taxes will be prorated to the date of closing and paid by the respective parties at closing.

Seller Financing: No seller financing is being offered. The property is offered without buyer contingency of any kind. Have financial arrangements secrued prior to registering a bid.

Disclaimer: All information provided concerning the sale of this property is believed to be correct. However, it is the buyer's responsibility to check any information to his/her satisfaction.

 

Executive Summary

Location: Located on Lake Barkley in eastern Kentucky. The lot is described as: Lot 37, Worthington Way Subdivision, Eddyville, Lyon County, Kentucky (See Detailed Location Map).

Description: The wooded waterfront lot is located on Lake Barkley. The lot is 2.88 acres is size and has approximately 50’of lake frontage (See Plat Map).

Acreage: 2.88 (+/-) acres

Usage: Offers opportunities associated with a recreational waterfront lot. The property has subdivision covenants and restrictions.

Disclaimer: Wetlands America Trust, Inc. reserves the right, at the seller’s sole option and discretion, to accept or reject any bid. Square footage dimensions and acreage amounts are based upon information provided by the Seller and are believed to be correct; however, Purchaser and/or Purchaser's Agent/Broker shall bear the responsibility to confirm all calculations prior to the auction. Not available to residents of any state in which this real estate is not in compliance with the real estate laws or other laws of that state. The auctioneer/auction company shall not be responsible or liable in any way if the seller fails to honor any bid, or refuses to or cannot close title in accourdance with the winning bid or any contract entered in respect thereof. Annoucements made at the auction supersede all printed material. All information contained in this PIP was derived from sources believed to be correct, but is not garunteed.