LORENZ & DORIS DRESSEL LIVING ESTATE

Chris Colson Auction & Realty Co.

197 Delaware Road
Gilbertsville, KY 42044

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Date(s) 8/22/2026 - 9/5/2026

To bid live arrive at subject property Saturday, September 5th between 8:00 AM - 10:00 AM to register with the auction starting at 10:00 AM

Past Auction
Local Pickup Only

Bidding Notice:

This is a live on-site & online simulcast sale. Bid in person or online. Please contact our office @ (270) 444-0031 if you have any questions.

Auction Information
Name LORENZ & DORIS DRESSEL LIVING ESTATE
Auctioneer
Type Live Webcast Auction
Date(s) 8/22/2026 - 9/5/2026
Auction Date/Time Info
To bid live arrive at subject property Saturday, September 5th between 8:00 AM - 10:00 AM to register with the auction starting at 10:00 AM
Preview Date/Time Previews: Saturday, August 22nd 8:30 AM-10:00 AM & day of sale starting at 8:30am, or by appointment.
Checkout Date/Time September 5th, 2025 10:00 AM CST
Location
Buyer Premium 10.0% Buyer's Premium
Description
ONLINE & LIVE IN-PERSON BIDDING! KENTUCKY LAKES AREA HOME WITH 2 ADJACENT LOTS! HOME & ADJOINING LOTS SOLD TOGETHER * PACKAGE DEAL! " HOME IS UNDER NEW CONSTRUCTION, +/- 70 % COMPLETED! " ADJACENT LOTS ARE ATTRACTIVE HOMESITES! " NEVER LIVED IN * SHEETROCK IN PLACE ON MAIN LEVEL " NEW OWNERS TO ADD TRIM, FINISHING TOUCHES & FIXTURES ATTENTION HOMEBUYERS! CONTRACTORS! INVESTORS! DON'T MISS THIS EXCITING OPPORTUNITY!
TERMS OF AUCTION - Real Estate - Terms & Conditions: This is an online & live onsite absolute auction. Live bidding opens on day of sale at 10:00 AM. Saturday, September 5th. A 10% buyer's premium will be added to the winning bid to determine the contract price. Example: $150,000.00 bid + 10% premium (15,000.00) = $165,000.00 total contract price. Registration & Bidding: All bidders must register either online with valid identification & credit card or in person on day of sale and agree to these terms & conditions. Auctioneer reserves the right to verify bidder identity and proof of funds for preapproval. Bidding Online: If a bid is placed online and the signal is lost or dropped neither the Auction Company nor the seller will be held liable, and the bidding will continue with in-person bidding until the Auctioneer sells the property to the highest and best bid. Note: If signal is lost in mid-auction every attempt to retrieve the connection will be made but not guaranteed. To ensure no interruptions, it is recommended to attend the auction in person. Purchase Agreement & Earnest Money Deposit: The successful bidder must sign a Purchase Agreement upon the closing of the auction either in person or by email, time is of the essence. A non-refundable 15% Earnest Money Deposit, EMD is due upon signing of the purchase contract if in-person or before noon on the following business day if purchaser is an out-of-town online bidder. Buyers will prearrange financing necessary to make desired purchase(s) prior to registration. GFD Real Estate Wiring Instructions " Bank Routing Number: 083900402 " Bank Name: Paducah Bank 555 Jefferson St. Paducah, KY 42001 " Beneficiary Name: Chris Colson Auction & Realty Co. LLC (Escrow Account) " Beneficiary Account Number: 938288 " Reference: Bid Number/Your name " Purchaser/s add $11.95 to bid total for domestic wire fee Real estate closing with winning purchaser will take place on or before Tuesday, October 20th, 2026 (45 days). Buyer is responsible for all closing costs, attorney fees, lending fees, unless otherwise stated. Seller will convey a clear title and a warranty deed. Seller will pay for deed prep, transfer tax, their portion of property taxes prorated at closing. Seller will transfer property free of mortgages, liens, or encumbrances except that of record such as but not limited to the power company, cable company, water company, gas company, etc. Possession is granted at closing. Absence of Warranties & Disclaimers: All information contained herein, and all related materials, is subject to the Terms and Conditions outlined in the Purchase Agreement. The property is being sold on AS IS, WHERE IS basis, no warranty or representation either expressed or implied concerning the property is made by the seller or the auction company. Each potential bidder is responsible for conducting his or her own inspections, verifications, investigations, inquiries, and due diligence concerning the property. The information contained herein is subject to verification by all parties relying on it. There is no liability for its accuracy. Conduct of the auction and increments of bidding are at the discretion of the auctioneer. The sellers and selling agents reserve the right to preclude any person from bidding if there is any question regarding the person's credentials, fitness, etc. All decisions of the auctioneer are final. Auction Terms: This auction is being performed online and controlled by an independent 3rd party, and as such the functionality of the third party's site is in no way the responsibility of Chris Colson Auction & Realty Co. LLC, thus no bidder may hold Chris Colson Auction & Realty Co. LLC responsible for missed bids, electronic transmissions sent from the 3rd party, nor technology challenges experienced prior to, on the day of auction, nor after the auction. Electronic communications between you, the bidder and the bidding platform are just that-communications between you and the bidding platform. Chris Colson Auction & Realty Co. LLC is in no way liable nor expected to honor the automatically generated communications from 3rd party entities. To guarantee your bid is received, it is encouraged that you attend the auction in-person. This is an absolute auction - ALL SALES ARE FINAL! By registering for this auction, you are authorizing Chris Colson Auction & Realty Co. LLC to use for their sole discretion your contact information, if needed. All disputes or legal matters, if any should arise, will be addressed in mediation prior to other proceedings and will be conducted in KY. Chris Colson Auction & Realty Co LLC is licensed and regulated by the KY Board of Auctioneers. Chris Colson Auction & Realty Co. LLC 3250 Key Drive Paducah, KY 42003 (270) 444-0031 Chris Colson, Principal Auctioneer KY Lic# 258785 www.colsonsells.com New Information, Corrections & Changes: Please check for updated information prior to scheduled auction time for changes, corrections, or additions to the herein described property information.
Your bid must adhere to the bid increment schedule.
Bid Amount Bid Increment
0.00 - 100.00 5.00 USD
100.01 - 1,000.00 25.00 USD
1,000.01 - 10,000.00 250.00 USD
10,000.01 - 100,000.00 2,500.00 USD
100,000.01 - 9,999,999.99 10,000.00 USD
Currency USD
Buyer Premium 10.0% Buyer's Premium
Payment Terms
Purchase Agreement & Earnest Money Deposit: The successful bidder must sign a Purchase Agreement upon the closing of the auction either in person or by email, time is of the essence. A non-refundable 15% Earnest Money Deposit, EMD is due upon signing of the purchase contract if in-person or before noon on the following business day if purchaser is an out-of-town online bidder. Valid credit card is required to register to bid. If the successful high bidder is online, their credit card will be charged a non-refundable flat fee of $1,000.00 to be applied towards thier good faith deposit immediately upon the closing of the auction. Buyers will prearrange financing necessary to make desired purchase(s) prior to registration. GFD Real Estate Wiring Instructions " Bank Routing Number: 083900402 " Bank Name: Paducah Bank 555 Jefferson St. Paducah, KY 42001 " Beneficiary Name: Chris Colson Auction & Realty Co. LLC (Escrow Account) " Beneficiary Account Number: 938288 " Reference: Bid Number/Your name " Purchaser/s add $11.95 to bid total for domestic wire fee Real estate closing with winning purchaser will take place on or before Tuesday, October 20th, 2026 (45 days). Buyer is responsible for all closing costs, attorney fees, lending fees, unless otherwise stated. Seller will convey a clear title and a warranty deed. Seller will pay for deed prep, transfer tax, their portion of property taxes prorated at closing. Seller will transfer property free of mortgages, liens, or encumbrances except that of record such as but not limited to the power company, cable company, water company, gas company, etc. Possession is granted at closing. Absence of Warranties & Disclaimers: All information contained herein, and all related materials, is subject to the Terms and Conditions outlined in the Purchase Agreement. The property is being sold on AS IS, WHERE IS basis, no warranty or representation either expressed or implied concerning the property is made by the seller or the auction company. Each potential bidder is responsible for conducting his or her own inspections, verifications, investigations, inquiries, and due diligence concerning the property. The information contained herein is subject to verification by all parties relying on it. There is no liability for its accuracy. Conduct of the auction and increments of bidding are at the discretion of the auctioneer. The sellers and selling agents reserve the right to preclude any person from bidding if there is any question regarding the person's credentials, fitness, etc. All decisions of the auctioneer are final. Auction Terms: This auction is being performed online and controlled by an independent 3rd party, and as such the functionality of the third party's site is in no way the responsibility of Chris Colson Auction & Realty Co. LLC, thus no bidder may hold Chris Colson Auction & Realty Co. LLC responsible for missed bids, electronic transmissions sent from the 3rd party, nor technology challenges experienced prior to, on the day of auction, nor after the auction. Electronic communications between you, the bidder and the bidding platform are just that-communications between you and the bidding platform. Chris Colson Auction & Realty Co. LLC is in no way liable nor expected to honor the automatically generated communications from 3rd party entities. To guarantee your bid is received, it is encouraged that you attend the auction in-person. This is an absolute auction - ALL SALES ARE FINAL! By registering for this auction, you are authorizing Chris Colson Auction & Realty Co. LLC to use for their sole discretion your contact information, if needed. All disputes or legal matters, if any should arise, will be addressed in mediation prior to other proceedings and will be conducted in KY. Chris Colson Auction & Realty Co LLC is licensed and regulated by the KY Board of Auctioneers. Chris Colson Auction & Realty Co. LLC 3250 Key Drive Paducah, KY 42003 (270) 444-0031 Chris Colson, Principal Auctioneer KY Lic# 258785 www.colsonsells.com
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