PUBLIC BANKRUPTCY-FANTASTIC LAND OPPORTUNITY
SOLD FEBRUARY 12, 2020
FANTASTIC LAND BUYING OPPORTUNITY
137.5 ACRES – 15 TRACTS – 137.5 ACRES
CROPLAND – PASTURE – COUNTY WATER
2 BEDROOM FRAME HOME – TOOL SHEDS
STOCK BARNS – SILO – WOVEN WIRE FENCE
WED., DEC. 11 @ 3:37 PM EST
LOCATION: Larue County, KY—Hodgenville Community—From the square in Hodgenville—take US 31E south approx. 3.4 miles to the intersection of McDowell Rd and US 31E—farm fronts on US 31E and McDowell Rd near the intersection, signs posted.
NOTE: Sale will be held at 195 Lee Oak Drive, Hodgenville, KY 42748 (right off KY 61)
REASON FOR SALE: By order of the Honorable Judge Alan C. Stout—United States Bankruptcy Court—Western District of Kentucky, Donald McDowell, Debtor in Possession—Chapter 12—Case #19-31474-acs has commissioned Harned Auctioneers to sell the following described properly under the hammer!
REAL ESTATE: Selling an outstanding 137.5 farm in one of Larue County’s most sought after agricultural and tourism areas—adjacent to Abraham Lincoln National Park, fronting US HWY 31E and McDowell Rd, only 3.4 miles from Lincoln square in Hodgenville, approx. 10 miles east of Elizabethtown via Lincoln Parkway.
Improvements include a 1 1/2 story vinyl sided home (consisting of spacious living room, large country kitchen w/dining area, full bath, large master bedroom, laundry room, additional large bedroom upstairs, vinyl & carpet flooring, painted walls and central heat & air; a 62’ X 71’ stock barn; 64’ X 44’ tool shed (w/64’ X 16.8’ shop included); 100’ X 38’ tool shed (plus 11’ X 100’ overhang) total roof coverage 50’ X 100’; 112’ X 50’ hay or machinery barn (enclosed on 3 sides and is in like new condition); 39’ X 60’ stock barn; 20’ X 50’ silo w/unloader and 59’ mechanical feeder trough (plus 59’ X 34’ covered feeding area, with additional 20’ X 59’ shed; and approx. 18,840’ of like new top quality fencing.
Land consists of 137.5 acres in all—20.27 acres on the northside of McDowell Rd (approx. 18 Ac cropland w/balance in pasture and farmstead areas) while the southside of McDowell Rd and the eastside of US HWY 31E has approx. 117.45 Ac. in all (approx. 61 Ac cropland, 50 Ac in pasture, and approx. 6.45 Ac in scattered woodland) Top quality cropland consists of 42.6 Ac of Bedford soil, 39.1 Ac of Crider and 34.9 Ac of Cumberland, all with 2 to 12 percent slopes. Farm has approx. 1887’ road frontage on McDowell Rd and 1545’ road frontage on US HWY 31E, is served by county water a long all road frontage, and will sell in 15 tracts.
THE TRACTS: Tract #1—7.586 Ac—Approx. 371’ Road Frontage (R.F.) on McDowell Rd Approx. 6 Ac cropland—balance pasture. Tract #2—6.182 Ac—280’ R.F. on McDowell Rd—all cropland. Tract #3—6.502 Ac—474’ R.F. on McDowell Rd—Approx. 6 Ac cropland—balance scattered trees & pond. Tract #4—7.608 Ac—574’ R.F. on McDowell Rd—all in grass –fenced for cattle—50’ X 100’ toolshed. Tract #5—9.031 Ac—52’ R.F. on McDowell Rd all in grass, top of the hill, farmstead site. Tract #6—8.603 Ac—55’ R.F on McDowell Rd all in grass—beautiful rolling pasture. Tract #7—19.646 Ac—171’ R.F. on McDowell Rd all in grass—good homesite near McDowell Rd. Tract #8—10.861 Ac—125’ R.F. on McDowell Rd all in grass—80% fenced—2 bedroom frame home—64’ X 44’ tool shed—62’ X 71 stock barn—great farmstead. Tract #9—11.381 Ac—252’ R.F. on US 31E—mostly cropland—all in grass—partial fencing—great farmstead area. Tract #10—11.494 Ac—146’ R.F. on US 31E—all in grass—mostly cropland. Tract #11—5.849 Ac—344’ R.F. on US 31E—all in grass—50’ X 112’ hay or machinery blding. Tract #12—5.021 Ac—182’ R.F. on US 31E—all in grass—pond—100’ long feeding area. Tract #13—5.10 Ac—232’ R.F. on US 31E—all in grass—pond—2 barns—silo. Tract #14—5.005 Ac—233’ R.F. on US 31E—all in grass—goes great w/Tract 13. Tract #15—17.853 Ac—52’ R.F. on US 31E—Top quality cropland –all in grass –some fencing—use of access Rd adjacent to property.
TERMS: REAL ESTATE: 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 30 days w/ delivery of deed. A ten percent (10%) buyers premium will be added to all winning bids. TAXES: Pro-rated to delivery of deed. POSSESSION: w/deed. OWNER: “Donald McDowell”
FOR COMPLETE DETAILS CALL
BILLY FRANK HARNED 502-349-9707