Hwy 196, Jabez, KY 42544 - Wayne County

No Reserve Land Auction, Near Lake Cumberland 4-H Center and Boat Ramp

ABSOLUTE ESTATE AUCTION

No Minimums! No Reserves! Everything Sells Regardless of Price!

SATURDAY April 13th, 10 A.M. EDT (Fast Time)

2 Separate Farms, Totaling Approximately 143 Acres m/l (new survey in progress) to be Offered in 10 Tracts and ANY Combinations Using Golden Rule-Wilsons Multi-Parcel Selling System. Property Includes Caves, Large Springs, Waterfall, Ponds, Large Combination Barn and More! Commercial Timber on Farm #2 Only to be Offered Separately on 3 Tracts, Plus One Lot of 58 Select Walnut Trees to be Offered.

Auction held for Claude & Alice Coffey Heirs

Viewing: Property & Timber is open for your viewing at anytime, please remember to be respectful of property and surrounding landowners, and keep gates closed. Boundary appears well marked with survey ribbon & paint.

FARM #1: 49.62 ACRES, M/L TOTAL. TIMBER REMAINS WITH FARM #1.

Tract #1: 6.25 ACRES, m/l.

Tract #2: 7.12 ACRES, m/l, with stream.

Tract #3: 7.25 ACRES, m/l, with large pond.

Tract #4: 29 ACRES, m/l, with cave, waterfall / spring, & some good timber remains with farm #1

FARM #2: 93.16 ACRES, M/L, TOTAL. 3 TRACTS OF TIMBER & WALNUT OFFERED SEPARATELY.

Tract #5: 32 ACRES, m/l, All wooded.

Tract #6: 13.82 ACRES, m/l, with pond & small stream.

Tract #7: 6.77 ACRES, m/l, seasonal lake view.

Tract #8: 4.97 ACRES, m/l, with primitive barn & hand-dug well.

Tract #9: 30.25ACRES, m/l, with 2 smaller ponds, stream w/ cave entrance.

TRACT #10: 6.67 ACRES, m/l.

COMMERCIAL TIMBER TRACTS ON FARM #2 ONLY: Timber offers a thick & good even stand of commercial timber, being long and tall and excellent saw size many appearing of veneer quality. Timber is particularly heavy on poplar, cherry & beech. Plus some white oak, black oak, hard maple and other hardwoods. The 58 select walnuts will be offered as a separate sale & are scattered across all tracts. 1 year removal / 12 inch cut / easy access.

Timber 5T: Approx 32 Acres, m/l, of Timber.

Timber 9T: Approx 6.5 Acres, m/l, of Timber.

Timber 10T: Approx 2.5 Acres, m/l, of Timber.

Timber W: 58 Select Walnuts scattered all across Farm #2 will be offered separately.

Sale Order: Land Tracts & Timber Tracts will be auctioned on an individual basis & then in combinations using Golden Rule-Wilsons Computerized Multi-Parcel Selling System allowing anyone to bid on any tract or combination of tracts at any time. This allows bidders to make or break a combination, ultimately ending in the manner which results in the most money.

Terms:

Real Estate: Non-refundable 10% down day of sale & balance with deed on or before 30 days. A seven percent buyers premium will be added to the final bid to determine the final sales price. Property taxes paid by seller for 2019.

Timber: Non-refundable 10% down day of sale and signing of standing timber contract & balance on or before 30 days allowing until April 13, 2020 for removal of timber down to a 12 inch cut at the stump (to be measured 12 inches above the ground). A seven percent buyers premium will be added to the final bids on timber to determine final sales price.

Auctioneer Notes: This is a wonderful opportunity to purchase land, timber or both. For specific questions about this sale contact Chris Wilson, Lead Auctioneer at 270-250-3850. Remember the date, Saturday, April 13th at 10 A.M EDT (Fast Time) & come prepared to buy at your price!