AUCTION
SATURDAY, JANUARY 22, 2011 - 10:00 A.M.
LAND & TIMBER
255.58 ACRES + 623,900 BOARD FEET OF TIMBER
Land Is Ideal for Hunting, Recreation, Or Investment + Outstanding Timber.
Ky Highway 76 At Bakers Branch, Taylor Co. Ky. - Auction Signs Posted.
Directions To The Property: Follow Ky Highway 70 Approximately 4 Miles, Turn Right Onto Ky Highway 76 And Follow 3 Miles To The Property.
Selling For: Hoosier State Development Inc.
THIS WILL BE A MULTI - PAR AUCTION WITH THE LAND & TIMBER OFFERED SEPERATE & TOGETHER. 255.58 ACRES SELLING IN 2 TRACTS WITH THE RIIGHT RESERVED TO GROUP. APPROX. 623,900 BD FT OF TIMBER SELLING IN 2 TRACTS WITH THE RIIGHT RESERVED TO GROUP. TIMBER & LAND TRACTS OR COMBINATIONS OF BOTH MAY BE GROUPED THROUGH THE MULTI - PAR METHOD.
BIDDERS HAVE THE OPPORTUNITY TO BUY 1 ...
BIDDERS HAVE THE OPPORTUNITY TO BUY 1 OR 2 PARCELS OR THE ENTIRE PROPERTY.
REAL ESTATE: 255.58 Acres m/l by a new survey with approximately 2,100’+ of frontage on the KY Highway 76 right of way. This property consists of both flat land and rolling land with several peaks that have a beautiful view, and is mostly wooded with a large amount of marketable timber, and with some open areas ideal for wildlife food plots. The land has a road running through it and many trails ideal for hiking, horseback riding or 4 wheeler riding. Adjoining a part of the Green River Reservoir property, this area is home to wildlife of all kinds. Ideal for investment, hunting, or recreation for the outdoor enthusiast. NOTE: The road may be subject to the use of others for ingress and egress. TRACT #1: 66.43 Acres being on the South side of the access road. TRACT #2: 189.15 Acres being on the North side of the access road. TIMBER: All marketable timber 12”and above at the stump, with 12 months to remove. All KY logging rules and regulations apply. Approximately 56% of the timber is 12”-17”, 46% is 18”-23” and 8% is 24”+, with approximately 2/3 of the marketable timber being 15”-20”. The timber was cruised by Arnzen Forestry Services. The report shows the following: White Oak 107,800’, Red Oak 59,200’, Chestnut Oak 134,000’, Sugar Maple 37,500’, Yellow Poplar 24,900’, Hickory 104,500’, Beech 109,300’, Miscellaneous (Red Maple, Ash, Red Cedar) 46,700’. We invite you to make your own personal cruise of the timber. TIMBER - TRACT #1: South side of the access road approximately 150,900 Board Feet. TIMBER - TRACT #2: North side of the access road approximately 473,000 Board Feet.
AUCTIONEER’S NOTE: What a land & timber buying opportunity this is ! The sellers have owned most of this land for more than 30 years and this is the first time for it to be offered to the public. It’s very seldom that you have the opportunity to purchase good timber, or land of this size that is located within a few miles of town. Whether you are looking for hunting land, recreational property or looking to make an investment, we have it here. The timber is some of the best to go on the auction block in this area. Be sure to look the land and timber over before auction day, make any arrangements or inspections necessary and be prepared to Bid & Buy, Saturday, January 22nd. Remember the auction is being conducted off site at the Taylor Co Community Center for your comfort and convenience. We’ll see you there! John and John Wayne Kessler
TERMS: REAL ESTATE: 10% of purchase price day of auction (a personal check with ID, cash, or cashier check), along with the signing of a Real Estate Sales and Purchase Contract. The balance due with delivery of deed on or before February 22, 2011. TIMBER: 10% of purchase price day of auction (a personal check with ID, cash, or cashier check), along with the signing of a Sales and Purchase Contract. The balance due with delivery and signing of a recordable timber contract on or before February 4, 2011. NOTE: A 10% Buyers Premium will be added to all winning bids to determine the final sales and purchase price. ALL BUYERS WITHOUT ESTABLISHED CREDIT WITH KESSLER AUCTION & REALTY CO. MUST HAVE A BANK LETTER OF GUARANTEE ADDRESSED TO KESSLER AUCTION & REALTY CO. OR CERTIFIED FUNDS. NOTICE: Any announcement made by the auctioneer from the auction block on the day of sale will take precedence over any printed material or oral statement. In an auction sale all property, is sold As Is, Where Is with NO warranty expressed or implied by the sellers or auction company. The information in this ad is believed to be correct but is not guaranteed. It is the responsibility of each potential bidder to make his or her own inspection or investigations and bid on their judgment of value. The real estate is available by appointment with the Auction Co. to make or have made on your behalf any inspections you choose.
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