ABSOLUTE REAL ESTATE AUCTION
ESTATE OF NELLO JUNE DOSS
180+/- ACRES OFFERED IN 5 TRACTS
AUCTION DATE: Wednesday November 16 @ 6:00 PM
SHOWING DATE: Monday November 7 from noon until 2:00 PM. Showings at other times can be arranged by calling the auction company @ 812-474-6100.
AUCTION LOCATION: The auction will be held at the Memorial Building in downtown Hopkinsville, KY. The building is located at 1202 South Virginia Street, Hopkinsville, KY 42240-3509
FREEDOM TRACT AUCTION METHOD: The land will be offered using the Freedom Tract Auction Method. Bidders will be allowed to bid on any individual tract, or any combination of tracts at any time during the auction. All bids remain open until the bidding closes. The farm will sell in the manner resulting in the highest price for the land.
REAL ESTATE: The real estate consists of 180+/- acres located on Hwy 1682, West By Pass Road, just East of the Pennyrile Parkway on the south and Poorhouse No 2 Road on the west side. The farm will be offered in 5 tracts using the Freedom Tract Auction Method as follows:
CRP INFORMATION: The farm is subject to 4 CRP contracts. The purchaser shall assume the CRP contracts and assume any liability for canceling the contracts. Contract # 722 is a filter strip that contains 3 acres, expires in 2012 and is paying $357/yr. Contract # 721A is a filter strip containing 3.4 acres, expires 2017 and is paying $405/ yr. Contract # 828A is a filter strip containing 2 acres, expires 2012 and is paying $213/ yr. Contract # 1970 A contains 40 acres, expires 2017 and is paying $72.08/ acre or $2,883/ yr.
TRACT 1 consists of 10+/- acres that is located fronting Hwy 1682 in the S. W. corner of the Doss Farm. This tract has a few trees and is mostly tillable land. This tract would make an ideal potential homesite.
TRACT 2 consists of 60+/- acres that is a high percentage tillable and fronts Hwy 1682. This tract is subject to CRP contract 722.
TRACT 3 consists of 50+/- acres and fronts Poorhouse No 2 Rd. This tract is nearly all tillable and is subject to CRP contract 721A.
TRACT 4 consists of 20+/- acres that fronts Poorhouse No 2 Rd. Tract 4 is subject to a CRP filter strip contract # 828A and also will be a part of CRP contract # 1970. This is a really nice tract of land that is a high percentage tillable generating CRP income and also represents a great recreation opportunity.
TRACT 5 consists of 40+/- acres that has access from Poorhouse No 2 Rd. Tract 5 is subject to CRP contract # 1970. This tract has more trees and is a wonderful recreation tract with home site possibilities.
AUCTIONEERS NOTE: A public water line runs along Poorhouse Rd. to a point near the end of the road. This farm represents a wonderful opportunity to acquire a large tract of farm land with some ideal recreational land that has great public highway and county road access. If you have been looking for a sound investment, plan on attending the showing of this property and investigating this opportunity.
FREEDOM TRACT AUCTION METHOD: The farm will be offered using the Freedom Tract Auction Method. This method allows the bidder to bid on any individual tract, any combination of tracts or the entire farm at any time during the auction. The property will be sold in the manner resulting in the highest price.
BUYER’S PREMIUM: A 6% Buyer’s Premium will be added to the high bid to determine the Contract Selling Price.
TERMS: A deposit equal to 10% of the Contract Purchase Price will be required on day of auction with the balance due within 45 days after delivery of evidence of insurable title in the form of a title insurance commitment to purchaser. The real estate will sell at ABSOLUTE AUCTION to the highest bidder.
TERMS: A deposit equal to 10% of the Contract Purchase Price will be required on day of auction with the balance due within 45 days after delivery of evidence of insurable title in the form of a title insurance commitment to purchaser. The real estate will sell subject to owner’s approval.
Under Contract: Yes