Auction Information
Auctioneer Kessler Auction & Realty Co. 270-465-7051
Auction Date May 19 Auction
Location
RAIKES HILL ROAD
ELKHORN, KY
Time 10:00AM
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AUCTION

SATURDAY,  MAY  19,  2018  -  10:00 A.M.

GLADYS  CHEATHAM  ESTATE  (+)  ADDITIONS

410.60 +/-  ACRES  -  7  TRACTS

1,147,000  BOARD  FEET  OF  TIMBER  -  6  TRACTS

CAR  -  FARM  EQUIPMENT  &  PERSONAL  PROPERTY

RAIKES  HILL  ROAD,  ELKHORN,  KY

NEAR  THE  RAIKES  HILL  BAPTIST  CHURCH  -  AUCTION  SIGNS  POSTED

LOCATED  APPROXIMATELY  14  MILES  FROM  CAMPBELLSVILLE,  4  MILES  FROM  MANNSVILLE,

20  MILES  FROM LEBANON,  13  MILES  FROM  BRADFORDSVILLE,   19  MILES  FROM  LIBERTY,  AND  8 MILES  FROM  CLEMENTSVILLE

Directions:  From Campbellsville, Follow Highway 70 (Liberty Road) For Approximately 10 Miles, Turn On To Raikes Hill Road And Follow     Approximately 3.90 Miles To The Cheatham Property. 

 REAL  ESTATE  &  TIMBER  SELLS  1ST  AT  10:00  A.M.

FOLLOWED  BY  THE  FARM  EQUIPMENT  &  PERSONAL  PROPERTY

 

LAND & TIMBER OFFERED

SEPARATE & TOGETHER IN A MULTI PAR AUCTION

 

410.60 +/-  ACRES  -  SELLING   IN  7   TRACTS

WITH  THE  RIGHT  RESERVED  TO  GROUP

BUY 1 TRACT, COMBINATION OF TRACTS OR AS A WHOLE

  USING OUR COMPUTER RUN MULTI-PAR SYSTEM

 

1,147,000  +/-  BOARD  FEET  OF TIMBER  -  SELLING   IN  6   TRACTS

WITH  THE  RIGHT  RESERVED  TO  GROUP

BUY 1 TRACT, COMBINATION OF TRACTS OR AS A WHOLE

USING OUR COMPUTER RUN MULTI-PAR SYSTEM

Note:  The Land & Timber on Tract #1 Will Not Be Separated

REAL ESTATE:  410.60 +/-  acres mostly wooded selling in 7 tracts with the right reserved to group.   Tracts range in size from 14.50 acres to 87.50 acres, with double blacktop road frontage on Raikes Hill Road and all tracts have road frontage on Raikes Hill Road.  Ideal hunting land, camp sites, and some beautiful cabin or home sites.  TRACT 1: 14.50 +/- acres, some open land.  Nice home site.   TRACT 2: 41 +/-  acres.  TRACT  3: 87.50 +/-  acres, TRACT 4: 74.20 +/-  acres, TRACT 5: 66.10 +/-  acres, TRACT  6: 62.30 +/-  acres & TRACT 7: 65 +/-  acres.  TIMBER:  1,147,000 Board feet of marketable timber, selling in 6 tracts with the right reserved to group.  Timber cruise was completed by Arnzen Foresty Services and includes all timber 12” at the stump and above.  Removal of the timber will be by July 1, 2019.  Timber on Tracts #1 through #6 includes 985,000 Board Feet:     Chestnut Oak 276,000 board feet, Red Oak 197,000 board feet, Yellow Poplar 148,000 board feet, White Oak 118,000 board feet, Hickory 108,000 board feet, Beech 49,000 board feet, and minor species 89,000 board feet.  NOTE:  The timber on Tract #1 will sell with the land and will not be separated.  Tract #7 timber consists of 162,000 Board Feet: Chestnut Oak 41,000 board feet, Red Oak 33,000 board feet, Hickory 25,000, White Oak 25,000 board feet, Yellow Popular 21,000 board feet, and minor species 17,000 board feet.  We invite and welcome you to make your own personal cruise of the timber.  INSPECTION:  The land and timber can be inspected daily at you leisure.  The auctioneers are available to answer    questions at anytime. Call 270-465-7051.  Your inspection is invited and appreciated.

 

Auctioneers Note:  Seldom does a large block of acreage come available.  This property has been in the Cheatham family for many years.   If you are in the market for investment property, land or timber,  hunting or  acreage tracts that’s home to wildlife of all kinds, that perfect get away place  or you want to enjoy nature at its  finest, we invite you to look this property over before the auction.  Make any arrangements or inspections necessary and come prepared to BID & BUY, Saturday,  May 19 at 10AM.  The farm equipment and personal property can be inspected one hour prior to the auction. Make plans to attend and bring a friend.  We'll see you there!   John  and  John Wayne Kessler . 

 

CAR  -  FARM  EQUIIPMENT  &  PERSONAL  PROPERTY: 

 

Car: 1978 Mercury Topaz (105,000 miles).  Farm       Equipment:  John Deere 2840 tractor with loader, Ford 4600 tractor, MF 255 tractor, 6’  bushhog, 2 - 3pt. disk, 3 pt. 2 bottom plow, 12’ wheel disk, silage blower, 1 row   tobacco setter, AC 4 bottom plow, 2 disk plow, wagon (no flat), 9 shank chisel plow, Super 717 silage chopper (parts), Gehl 95 grinder mixer, NH 519 manure spreader, 8’ bush hog, 1000 gal. water tank, 2 bolt bins with bolts, tire changing tool,     antique shoe cobler tools, antique corn sheller, miscellaneous hand tools, and other miscellaneous items too numerous to        mention.    Selling for the Gladys Cheatham Estate & MR. & MRS. Jim Cheatham:  NI 2-row corn picker.  Selling for MR. & MRS. Richard Gribbins:  20’ hay elevator, NI 35’ corn elevator, NI 1 row corn picker, Ford 2 row corn planter, MF 3 bottom plow, Ford 6” mowing machine,  JD 7’ disk.  Lots  of miscellaneous items too numerous to mention.

 

TERMS: real estate: 10% of purchase price day of auction (a personal check with ID, cash, or cashier check), along with the signing of a Real Estate Sales and Purchase Contract.  The balance due with  delivery of deed on or before July 2, 2018.  TIMBER:  10% of purchase price day of auction (a personal check with ID, cash, or cashier check), along with the signing of a Purchase Contract.  The balance due with delivery and signing of a recordable timber contract on or before June 1, 2018.  CAR  -  FARM  EQUIPMENT  &  PERSONAL PROPERTY:  Cash or good check with proper ID, day of auction. (NO CREDIT CARDS ACCEPTED AT THIS AUCTION).   Note: A 10% Buyers Premium will be added to all winning bids on the real estate, timber, car, farm equipment and personal property to  determine the final sales and purchase price. ALL BUYERS NOT KNOWN BY KESSLER AUCTION & REALTY CO. MUST HAVE A BANK LETTER OF GUARANTEE ADDRESSED TO KESSLER  AUCTION &  REALTY CO. OR  CERTIFIED FUNDS.   Notice: Any announcement made by the   auctioneer from  the auction block on the day of sale will take precedence over any printed material or oral statement.  In an auction sale, all property is sold As Is, Where Is with NO warranty expressed or implied by the  sellers or  auction company.  The information in this ad is believed to be correct but is not guaranteed.  It is the responsibility of each potential bidder to make their own Inspections or investigations and to bid on their judgment of value.  The real estate is available daily by  appointment with the Auction Company prior to the auction to make or have made on your behalf any  inspections you choose.  

 

Owner:  Gladys  cheatham  estate

Frank  cheatham  &  Donald  cheatham,  co - executors

John  bertram,  attorney

 

MAKE  PLANS  TO  ATTEND  THIS  AUCTION  !

SATURDAY,  MAY  19,  2018  -  10:00  A.M.  EDST

RAIKES  HILL  ROAD,  ELKHORN,  KY

 

BID & BUY THE AUCTION WAY !

 

 

 

 

For  auction  information  contact:

John  M.  Kessler,  PRINCIPAL  Real  estate   Broker  &  Auctioneer

John  WAYNE  Kessler,  real  estate  Broker  &  Auctioneer

www.kesslerauction.com       270 - 465 - 7051 

 

 

Auction  conducted  by:

KESSLER AUCTION & REALTY CO

304 EAST BROADWAY

CAMPBELLSVILLE, KY

270-465-7051

 




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