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LARGE KENTUCKY LAND AUCTION - 633+/- CONTIGUOUS ACRES IN 12 TRACTS IN HART COUNTY, KY

Central Kentucky - Hart County, Horse Cave, Kentucky

Owner: Chas Inc. Thu, Sep 14, 2017

SOLD FOR $2,317,500

• 633+/- Contiguous Acres in 12 Tracts • 578.9 Total USDA Cropland Acres • Near I-65 & Between Hwy. 31W & Hwy 31E • Municipal Water & Wells • 2 Story Impressive Cut Stone Home (Circa 1800s) and Former Dairy Facility • Great Combination of Fenced Pasture & Cropland with Farm Buildings • Lots of Road Frontage on Good Blacktop Roads • Adjoins East Side of Horse Cave, Kentucky • Opportunity for Hard-to-Find Large Continuous Unit in Central Kentucky • 36 Miles North of Bowling Green • 81 Miles South of Louisville - Just off I-65 • Online Bidding Available


Auction Info Book


OPEN HOUSE/INSPECTION DATES

Friday, August 18, 10 AM - 12 Noon
Thursday, August 31, 10 AM - 12 Noon
Thursday, September 7, 1 - 3 PM
Auction day 12Noon - 2 PM

Meet Agents on Tract 6.

PROPERTY LOCATION

1025 Bear Wallow Road, Horse Cave, KY 42749.
From Horse Cave:
I-65 Exit 58, then at the junction of Hwy. 31W & Hwy. 218 (Main St.) in Horse Cave, go east on Hwy. 218, 1.6 mi. to Hwy. 1141 or Bear Wallow Rd., also becomes EW Hatcher Rd. turn south to the farm (watch for signs).
From Glasgow: Take Hwy. 31E north approx. 11 mi. to the junction of Hwy. 31E & Hwy. 218 (Charlie Moran Hwy.) go west thru Horse Cave on Hwy. 218, then 2.2 mi. to Hwy. 1141 or Bear Wallow Rd., also becomes EW Hatcher Rd. turn south to the farm (watch for signs).

AUCTION LOCATION

Cave City Convention Center, 502 Mammoth Cave Street, Cave City, KY 42127. From Louisville at I-65 Exit #53 or Hwy. 90 east to Glasgow 1/4 mi. then left on Mammoth Cave St., then 1/2 mi. to convention center on the left.

TRACT DESCRIPTIONS

Tract 1: 16.7± ac all fenced pasture with older livestock barns. Est. 5 acres cropped now. Corner tract with frontage on Hwy. 218 and Bear Wallow Rd. (Hwy. 1141). Adjoins stockyard. Municipal water.

Tract 2: 59.9± ac with est. 54 acres cropland/fenced pasture. Water, shade and considerable frontage.

Tract 3: 43.7± ac with est. 38 acres cropland/fenced pasture. Great buy with Tracts 2 or 4.

Tract 4: 57.4± ac with 46 acres cropland/fenced pasture. Feeding area and automatic waterer. Good cattle shade area.

Tract 5: 66.1± ac with est. 60 acres cropland/fenced pasture. Lots of frontage and municipal water line. This tract has many uses and nice size.

Tract 6: 90.4± ac with est. 80 cropland/fenced pasture. Great 2 story, cut stone home (Circa 1800s), 5 bedrooms, 5 baths, 2 concrete silos, former dairy barn and storage barns and 2 ponds. Complete unit right here. Well and municipal water.

Tract 7: 27.7± ac with est. 23 acres cropland/fenced pasture. Water, cattle shade and nice frontage on blacktop EW Hatcher Rd.

Tract 8: 24.7± ac est. 20 acres cropland/fenced pasture. Great buy with Tracts 4, 7 or 9.

Tract 9: 29.3± ac nearly all on fenced pasture. Water, shade and good frontage.

Tract 10: 124.2± ac with est. 84 acres cropland/fenced pasture. Est. 40 acres fenced pasture with light woods. Pond. Cross fenced.

Tract 11: 56± ac with est. 52 acres cropland and 6 acres woods. Ponds and small barn.

Tract 12: 36.2± ac with est. 30 acres cropland/fenced pasture. Pond and woods. Shade and nice frontage on Bear Wallow Rd. This is a great tract for everybody. Just off Hwy. 31E.

TRACT MAP(S)

PROCEDURES: The property will be offered in 12 individual tracts, any combination of tracts, or as a total 633+/- acre unit. There will be open bidding on all tracts and combinations during the auction as determined by the Auctioneer. Bids on tracts, tract combinations and the total property may compete.

DOWN PAYMENT: Real Estate 10% down payment on the day of the auction with the balance in cash at closing. The down payment may be made in the form of cash; cashiers check, personal check or corporate check. Your bidding is not conditional upon financing, so be sure you have arranged financing, if needed and are capable of paying cash at closing.

ACCEPTANCE OF BID PRICES: Successful bidder(s) will be required to enter into a purchase agreement at the auction site immediately following the close of the auction. All final bid prices are subject to the Sellers acceptance or rejection.

BUYER PREMIUM: Each successful bidder will be charged a Buyer Premium to be paid at closing in the amount of 3% of the highest bid amount.

EVIDENCE OF TITLE: Sellers shall provide an Attorney Title Opinion or title insurance commitment prior to auction. Should the Buyer(s) desire title insurance Buyer(s) shall be responsible for cost.

DEED: Sellers shall provide Special Warranty Deed.

CLOSING: The balance of the real estate purchase price is due at closing, which will take place 45 days after sale estimated on or before October 30, 2017, or as soon thereafter as Sellers closing documents are prepared. Cost for an insured closing shall be shared 50/50 between Buyer(s) and Seller.

POSSESSION: At closing subject to removal of 2017 crops. Cropland rented for 2017 was 500 acres to expire upon crop removal. House, barns, pasture land and hay land to be transferred at closing.

REAL ESTATE TAXES: Seller to pay taxes prorated to closing. Taxes estimated at $5,880.43/yr. See Agent for estimated taxes per tract.

SURVEY: A new tract survey is completed. Buyer(s) and Seller will share survey expense 50:50 per tract at closing. See Agent for cost per tract.

FSA INFORMATION: Farm #7813. Total 578.9 acres cropland.

EASEMENTS: Sale of the property is subject to any and all easements of record.

MINERAL RIGHTS: The sale shall include 100% of the mineral rights owned by the Seller.

AGENCY: Schrader Real Estate and Auction Company, Inc. and its representatives are exclusive agents of the seller.

DISCLAIMER AND ABSENCE OF WARRANTIES: All information contained in this brochure and all related materials are subject to the Terms and Conditions outlined in the Purchase Agreement. The property is being sold on AS IS, WHERE IS basis, and no warranty or representation, either express 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 independent inspections, investigations, inquiries, and due diligence concerning the property. The information contained in this brochure is subject to verification by all parties relying on it. No liability for its accuracy, errors or omissions is assumed by the Sellers or the Auction Company. Conduct of the auction and increments of bidding are at the direction and discretion of the Auctioneer. The Sellers and Selling Agents reserve the right to preclude any person from bidding if there is any question as the persons credentials, fitness, etc. All decision of the Auctioneer is final.

ANY ANNOUNCEMENTS MADE THE DAY OF THE SALE TAKE PRECEDENCE OVER PRINTED MATERIAL OR ANY OTHER ORAL STATEMENTS MADE. AUCTION COMPANY OR OWNER NOT RESPONSIBLE FOR ACCIDENTS.