Saturday, June 21st, 10:00 AM
4620 Dan Road
Olaton, KY. 42361
3 Bedroom Brick Home with 5.7 Acres
Two Adjoining Farms with 350+/- Acres
Selling in 4 Tracts!
Farms contains several outstanding home sites, barn, 5 ponds, pasture land, timber land, a hunters paradise, and nearly 3/4 mile of road frontage!
Farm Equipment and 1996 three bedroom, two bath mobile home will be sold separately. Farm equipment includes tractor, 3 bottom plow, cultivator, farm trailer, and other farm equipment.
Tract #1: Tract #1 has a three bedroom brick home with kitchen and nice dining area. There is a large utility room with an entrance from the carport. The home has 3 bedrooms with a nice size bathroom. The property also has three outbuildings and a fenced yard. The recently surveyed home lot has 5.7 acres with 750 feet of road frontage.
Tract #2 121 +/- Acres of beautiful farm land.
Tract #3 144 +/- Acres with Barn, Building and Ponds.
Tract #4 85 +/- Acres of Hunting Ground.
NO BUYERS PREMIUM!
1. We will auction 3 Bedroom Brick Home with 5.7 acres first.
2. Remaining acreage auction will follow home tract.
3. Bidding for acreage tracts will be "Dollars per Acre".
4. High Bidder will have option of taking any one tract or multiple tracts of acreage tracts. There will be no re-grouping of tracts.
5. Purchase Price of acreage tracts will be determined by the "Dollars per Acre" bid multiplied by the Number of Acres advertised in the tract or tracts chosen by the high buyer.
Terms of Real Estate: A 10% non-refundable down payment will apply on the real property. All real and personal property is being sold “AS IS, WHERE IS” and we encourage your inspection and understanding of the complete terms and conditions of this auction, prior to bidding. All successful bidders will be required to enter into purchase agreements at the auction site immediately following the close of the auction. Your bidding is not conditional on financing, so make sure you have arranged financing, if needed, and are capable of paying cash at the closing.
Seller will provide a Deed of General Warranty at the closing.
Acreage: Tracts #2, #3, and #4 acreages, dimensions, and proposed boundaries are approximate and have been estimated based on current legal descriptions and/or aerial photos.
Survey: The seller shall provide a survey for tract #1. The Brick Ranch Home is located on this tract.
Farm Equipment: Cash or Approved Check with Picture ID
2008 Property Taxes: Pro-rated to date of closing.
Possession of Real Estate: 30 Days after Closing.
There is an Oil Lease on one of the tracts of real estate and this lease runs with the land. New owner will receive all benefits and be obligated to the current Oil Lease. Lease will be available for inspection on auction day or available through our agency before day of sale.
For showing of property:
Call Bill Alward at 1-270-543-1177 or Joe Kordes at 1-270-977-7029.
Directions from Beaver Dam: take Hwy. 62 approximately 8 miles to Rosine, turn left on Hwy. 1164 (at Rosine General Store), go 2.7 miles to Hwy. 878. This is just past Cedar Grove Baptist Church, turn right on Hwy. 878 and go 2.8 miles to Hwy. 505 and turn right, follow Hwy. 505 (Dan Road) .7 miles to auction site. Directions from Owensboro: take Natcher Parkway south to the Hartford exit, turn right on Ky 69 and go 9.2 miles to Ky 878, turn right on Ky 878 for 2.9 miles, turn left to stay on Ky 878 and go 2.8 miles to Ky 505, turn right onto Ky 505, follow highway to auction site. Directions from Bowling Green: take Natcher Parkway north to the Hartford exit, turn right on Ky 69 and go 9.2 miles to Ky 878, turn right on Ky 878 for 2.9 miles, turn left to stay on Ky 878 and go 2.8 miles to Ky 505, turn right onto Ky 505, follow highway to auction site.
Owners: Viola Crume and Wayne Crume
