08/06/2026
ABSOLUTE AUCTION
SAT., AUG. 29, 2026 * NOON
CAR LOT, 154 LIONS CLUB LANE (aka Fairgrounds Rd)
TOLLESBORO, LEWIS CO., KY 41189
REAL ESTATE, to wit: Tracts 1 & 2: The CAR LOT located on Fairgrounds Road, Tollesboro, Lewis Co., KY to be offered in two tracts: Tract 1 the southern ½ of said lot as conveyed to the Lorena M. Sexton Living Trust by deed of Richard Sexton and Lorena Sexton by deed dated the 19th day of August, 2004 said deed recorded in Deed Book 205 page 109 Lewis County Court Clerk Records. Tract 2 being the northern ½ of said lot being that property conveyed to Richard Sexton and Lorena Mae Sexton by deed of James Edward Stamper, Jr. and Joyce Lee Stamper by deed dated the 3rd day of March, 1963 said deed recorded in Deed Book 99 page 195, Lewis County Court Clerk Records excepting therefrom the southern ½ of said lot as conveyed by deed of Richard Sexton and Lorena Sexton to the Lorena M. Sexton Living Trust by deed dated the 19th day of August, 2004 as recorded in Deed Book 205 page 109 Lewis County Court Clerk Records. The CAR LOT is/potentially is subject to a lease in favor of Boyd and Amy Sexton – See Legal Description/Lease attached as well as notes relative thereto.
NEW SURVEY OBTAINED!!! NEW DATA: TRACT 1 - .371 ACRES, fronting 75.46 linear feet on LIONS CLUB LANE WITH ENTRANCE. Improved with a building that encroaches 7.01 feet (northeast corner of building) and 5.89 feet (northwest corner of building) onto Tract 2. TRACT 2 - .390 ACRES fronting 75.46 linear feet on LIONS CLUB LANE LACKING ENTRANCE. Improved with a building situated solely upon the property. NOTE: There are numerous concerns relative to the property that the agent wants to reveal to any prospective purchaser. Please see AUCTION BIDDER PACKET available for download from this website which includes the new survey, existing legal description/chain of title, and more. Read specifically Page 4, bottom, “QUESTIONS/CONCERNS/STATEMENTS”. Some of these Questions/Concerns/Statements are answered by the provision of the survey which is made a part of the Auction Bidder Packet. While the Auction Bidder Packet will be handed out to all prospective purchasers attending the auction, the agent recommends and advises that any prospective purchaser to consider all factors relative thereto!
TERMS OF PURCHASE, REAL ESTATE – All property to be offered as a “live, in-person, on-site” auction event. No online bidding provided, although absentee bids are conditionally accepted. In the event that absentee bids are made, absentee bids shall be made on the absentee bidder's behalf in a competitive nature and not necessarily the absentee bidder's highest bid/offer. The Real Estate shall be offered as a cash sale with no contingencies with regards to financing or inspection. Terms of purchase are Cash to Seller: NO CONTINGENCIES OF ANY KIND PERMITTED. Sellers to maintain insurance on property though date of closing (including liability; agent/ auctioneer is not responsible for accidents); however successful purchaser will
have an inherent and thus an insurable interest in the property as of date of sale and is encouraged to obtain insurance immediately upon sale as purchaser will assume risk of loss from under-insurance, lack of insurance, or in the event of fire or other disaster. Purchasers concerned about the possible presence of lead-based paint are encouraged to arrange and conduct --- at the prospective purchaser’s sole expense --- any inspections for the presence of Lead-Based Paint they so desire prior to purchase, as purchaser will be required to waive the rights to any contingency relative to any future testing or presence of Lead-Based Paint as a condition of purchase. Year 2026 real estate taxes to be payable by the purchaser (NO PRORATION), however any prior years taxes that may have been unpaid shall be payable by the seller. Prospective purchasers are encouraged/advised to inspect the property thoroughly prior to sale as REAL ESTATE SOLD “AS IS” WITHOUT WARRANTY WHATSOEVER --- INCLUDING WITH REGARD TO FITNESS/MERCHANTABILITY/MARKETABILITY/DESIRABILITY FOR ANY USE WHATSOEVER – EITHER EXPRESSED OR IMPLIED. Purchased subject to zoning, easements, highway right of way, local ordinances, and restrictions. Further the property shall be purchased by the existing legal description, by the boundary and not by the acre, subject to any facts that might be disclosed by an accurate survey --- sellers are not responsible for providing for any surveys of the subject property. Purchasers must have performed any and all due diligence inspections of the property prior to purchase, at purchaser’s sole expense --- including but not limited to: Whole House Inspection, Wood-Boring Insect Inspection, Radon Gas Inspection, Lead-Based Paint Presence, Phase I/II/III environmental hazard reports/ surveys, property surveys, appraisal, etc. --- as purchaser will not be permitted any contingencies for any type of testing performed after the auction or for results thereof determined after the auction. Contact agent/auctioneer prior to the auction to arrange inspection/ testing. Announcements made date of sale take precedence over printed matter. Payment of down payment for real estate required to be paid to the agent/auctioneer immediately upon conclusion of sale, at SALE SITE, NO EXCEPTIONS.
TERMS OF PURCHASE SPECIFIC TO TRACT 1 & 2:
TRACTS 1 & 2: CAR LOT: TRACTS 1 and 2 to be offered from the entrance to the Tollesboro Fairgrounds directly across the street from the CAR LOT on Fairgrounds Road, Tollesboro, Lewis Co., KY at NOON. TRACT 1 will be offered. The purchaser of Tract 1 will be offered the opportunity to “double-up” their bid and acquire Tract 2 for the same amount of the high bid paid for Tract 1 so as to combine the two parcels. HOWEVER, the 2 tracts WILL NOT be offered in combination as the parcels are owned by 2 separate and distinct entities: The Lorena M. Sexton Living Trust and the Richard Sexton Estate. If the high bidder of Tract 1 does not desire to “double-up” the price to acquire Tract 2, it will be offered as a separate and distinct parcel (again, the two parcels WILLNOT be offered in combination).
ADDITIONAL TERMS OF PURCHASE SPECIFIC TO THE SALE AND PURCHASE OF TRACTS 1 AND 2: Purchaser shall pay 100 percent of the purchase price on the date of sale, with purchaser to be provided with: 1). Title Search. 2). Title Insurance Policy (amount to be announced date of sale). 3). Deed To the Property (Deed to be retained by agent/Estate Attorney until the payment for the property has cleared). In addition to the purchase price, and in order to contribute towards the title search/title insurance costs (normally paid by the purchaser), the Purchaser of Tracts 1 and 2 (whether purchased individually or in combination) shall pay a 10 percent buyer’s premium (no buyer’s premium charged on the sale of Tract 1A). In addition, the purchaser shall pay a $50 recording fee for each parcel as well as $1 / $1000 transfer tax. A survey has been provided, survey to be paid for by the Trust. Title Search/Title Insurance Policies to be payable by the Trust; Deed preparation to be paid for by the Estate. Proceeds of the sale of Tract 1 and Tract 2 to be payable to respective ownership entities.
AUCTION CONDUCTED BY
CRAIG A STANFIELD REAL ESTATE & AUCTION SERVICES
Craig A. Stanfield Real Estate Broker & Auctioneer
2126 W. KY 10, TOLLESBORO, KY 41189
PHONE: (606) 301-3350;
E-MAIL: [email protected]
EQUAL HOUSING OPPORTUNITY REAL ESTATE BROKER & AUCTIONEER
2003 KY STATE CHAMPION AUCTIONEER
MEMBER: KENTUCKY AUCTIONEERS ASSOCIATION
