ABSOLUTE ESTATE AUCTION

Saturday, March 27th, 2021 • 10:02 AM

Mayme Wilson Estate

70± ACRES OFFERED IN 3 TRACTS THEN AS A WHOLE

AUCTION TO BE HELD ON THE PREMISES, APPROXIMATELY

4 MILES SOUTH OF CYNTHIANA ON US 27 & MONROE LANE

Our firm is proud to sell at ABSOLUTE AUCTION this exceptional farm located in a highly desirable area of Harrison County, Kentucky. Highly improved with a log home on partial/half basement, multiple barns and farm buildings and a small house with multiple uses.

With 893 feet of road frontage on US Hwy 27 and 1568 feet of road frontage on Monroe Lane, this property has unlimited potential for development. Excellent soils, level terrain, small lake, two sections of woods, outstanding improvements and of course location, location, location make this an ideal tract of land with many potential uses.

We will offer the property in three tracts and then as a whole of 70 acres, more or less. Seller will accept the bid or bids that result in highest price.

Tract 1—16.25± acres
This tract of land is the most serene and private setting imaginable for the log home built by Mr. Hiram Wilson and his son Daryl in 1987-88. This house has 1232 SF (per PVA) of finished living area on main floor with a floor plan consisting of living room, kitchen, two good sized bedrooms, and a full bath. Electric heat and air conditioning provided by KU. Other improvements on this tract include a metal building and a shop/barn structure also on KU. Enjoy the front and back porches of this home. You can watch the sunrise from the back porch and sunset from the front porch.

Tract 2—29.620± acres
A beautiful tract of land with a small lake and wooded area. Predominately Faywood silt loam soil with level to very gently rolling terrain, this tract has tremendous potential. New owner can farm the fertile soil, build his dream home or further divide. Options will be many for the new owner. Be the high bidder and the choice of use will be yours.

Tract 3—22.916± acres
893 feet of road frontage on US Hwy 27 and 747 feet of frontage on Monroe Lane give this tract of land many uses. This tract contains a building that has been everything from the Driftwood Inn to a church. Other improvements include tobacco & hay barn, tobacco barn and a multiple purpose metal machinery or other storage facility. All of these buildings are conveniently situated for easy access.

OPEN HOUSES AND FARM INSPECTIONS
SUNDAY MARCH 14TH 1-3 PM
SUNDAY MARCH 21ST 1-3 PM

FOR A BIDDER’S INFORMATION BOOKLET OR TO INSPECT THE PROPERTY BY APPOINTMENT CALL DOUG HAMPTON @ 859-588-7120.

TERMS:

10% Down payment with auction purchase agreement. This down payment is non refundable and applies to purchase price.
Balance is due at closing on or before May 14, 2021.
Real estate taxes will be prorated as of closing date.
Rent (if any) will be prorated as of closing.
Insurance will be retained by seller until closing.
Dwelling possession: With deed at closing (unless Buyer negotiates differently with renter)
Land possession is immediate Landlord’s Possession.
Selling Method---Tracts 1, 2, 3 will be offered as individual tracts, then Tracts 1, 2, 3 with be offered combined as one parcel. Seller will select the method that results in the highest bid.
Auction purchase contract is not subject to loan approval or appraisal.
As is customary in real estate auctions the property is sold “as is, where is” and not subject to any post auction inspections.
Any announcements announced day or auction take precedence over previous announcements.