Auction Information
291.49 Acres in Sacramento, KY
Large McLean County Farm
AUCTION
THURSDAY, MAY 19TH 10:00 A.M.
Location: From Sacramento, Kentucky take Highway 254 west 1-1/2 miles to the property. Watch for signs!
In order to facilitate a 1031 tax exchange, we have authorized Kurtz Auction & Realty Company to sell the following farmland:
291.49 ACRES SELLING IN ONE TRACT
WITH 247 ACRES OF CROPLAND
The FSA offices call for 247.3 acres of cropland of which 168 acres are mostly level land
The predominate soil types are Belknap silt loam, Karnak silty clay, Loring and Collins silt loams, all very productive row crop soils.
Income: The buyer will receive the 2011 cash rent, $22,564.00, at closing. The CRP contract on 27.7 + acres will be assigned to the buyer with annual income of approximately $1,300.00.
Mineral Rights: The sellers attorney has researched the public records and believes the sellers own the coa...
Mineral Rights: The sellers attorney has researched the public records and believes the sellers own the coal rights. It is believed that the bulk of the oil and gas rights have been previously conveyed however any rights that may be owned by the sellers will be conveyed.
The farm has a lake, good building sites and access to county water and electricity.
This property has been in the Barrett family since the early 1930s.
For copies of the FSA map, soils map, and the deed description, call Joe Mills, Auctioneer.
TERMS: 10% down day of sale; balance in approximately 60 days. The buyer will pay the 2011 property taxes. The sellers and the buyer will agree to participate in a 1031 tax exchange to facilitate this transaction.
Owners: Charles D. Young and Barrett L. Young
Kurtz Auction & Realty Company 1-800-264-1204 1-270-926-8553
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Research Parcel InformationDirections
From Sacramento, Kentucky take Highway 254 west 1-1/2 miles to the property. Watch for signs!
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