31.748 ACRES – THREE TRACT – 31.748 ACRES
CROPLAND – PASTURE – CO WATER
PUBLIC BANKRUPTCY AUCTION
THURS., FEB. 18 @ 3:37 PM EST
LOCATION: Hart Co., KY. Magnolia Community – From Magnolia, take US 31E South, Approx. 1.9 miles to the intersection of Hammonsville Schoolhouse Road & US 31E – turn right into Hammonsville School House Road and go 0.8 miles to property — SIGNS POSTED – NOTE: Sale will be held at The Nest Venue, 195 Lee Oak Dr. Hodgenville, KY. 42748. (Right off Lincoln Parkway)
REASON FOR SALE: By order of the Honorable Judge Joan A. Lloyd – United States Bankruptcy Court—Western District of Kentucky, Case #19-11177-JAL, David C. Owen and Mary A. Owen, Debtors in Possession, have commissioned Harned Auctioneers to sell the following described property under the hammer!!
REAL ESTATE: Selling one of the most productive agricultural farms in northern Hart County. Improvements include some perimeter fencing for cattle. Land contains 31.748 acres in all, approx. 8 ac. cropland (that consists of top quality Sonora, Grigsby & Gatton soils– ideal for harvesting high yielding corn & soy beans every year), approx. 10.2 ac pasture, and balance in scattered woodland. The property has approx. 785’ of road frontage on Hammonsville School house Rd (HSR) and county water along all road frontage. Property will be selling in three tracts. THE TRACTS: Tract #17— 10.761 acres — 285.17’ R.F. on Hammonsville Schoolhouse Road (HSR) — approx. 5.7 acres pasture — remaining woodland. Tract #18— 10.382 acres — 284.73’ R.F. on HSR — approx. 2.5 acres pasture —remaining woodland. Tract #19— 10.605 acres —215.96’ R.F. on HSR — approx. 8 ac. cropland, approx. 2 ac. pasture — remaining woodland.
TERMS: 20% down day of sale in the form of cash, cashier’s check, or personal check with current bank letter of credit addressed to Harned Auctioneers, LLC. -Balance on or before 60 days w/ delivery of deed. A 10% Buyers Premium will be added to all winning bids.
TAXES: Pro-rated to scheduled closing date. POSSESSION: w/deed. OWNERS: David C & Mary A Owen, Debtor’s in Possession. In an abundance of caution, the CDC protocol for the COVID 19 virus, will be followed during auction.
Inspections: Wednesday Feb 3 & Saturday Feb 13 — 2 to 4 pm EST