Curran Miller Auction/Realty, Inc.

Head PhotoAuction Summary
ID Number:200705
Address:2412 Frostburg Rd.
Madisonville, KY  42431
Contact:Hugh Miller
hugh@curranmiller.com
(812) 474-6100 (Office)
(800) 264-0601 (Toll Free)
(812) 474-6110 (Fax)
 
Printed July 30, 2010; 8:05am

Elk Creek Farm
Showing Date: Sunday, November 9th; 1:00pm-3:00pm
Auction Date: Thursday, November 20th; 11:00am
Lot Photo

Call 800-264-0601 for more information.


Herron Auction in coordination with Curran Miller Auction/Realty has been authorized to sell the following:

BEAUTIFUL 2,040 ACRE FARM "Elk Creek Farm"

Location: Elk Creek Farm 2412 Frostburg Rd., Madisonville, KY

-LAND - HOMES - GRAIN BINS - SHOP - SHEDS
-Prime Western Kentucky Farmland
-2040 CONTIGUOUS ACRES! 19 tracts & combinations
-Beautiful Executive Home with 14 acres and lake, 4 bedrooms, 4 baths, over 4000 sq.ft.
-Brick Ranch Home
-Mobile Home & lot
-Shop Bldg. & sheds
-Grain Storage Facility
- 50+/- acre lake

This 2,040 contiguous acre, highly productive farm in Western Kentucky is one of the finest agricultural complexes in the entire state of Kentucky. It includes a 60,000 bushel grain storage facility w/ dryers, maintained roadways and ditches for access and drainage, well kept office, shop, and sheds. A beautiful executive 4 bedroom 4 bath w/ over 4000 sq.ft., a nice brick ranch style home, and a mobile home with lot will also be sold. The entire northern boundary has frontage along Pond River and Elk Creek. This area includes woods for hunting trophy deer, excellent waterfowl hunting, and a serene 50+/ acre lake. The farm will be offered in 19 tracts with combinations to suit the bidders using the “Freedom Tract” method.

TRACT 1 – 217+/- acres easily accessible, all tillable
TRACT 2 – 223+/- all level highly productive tillable acreage
TRACT 3 – 180+/- excellent roadway along southern border all tillable
TRACT 4 – 213+/- river frontage and flat tillable acreage
TRACT 5 – 126+/- recreational outdoorsman’s tract with river frontage, woods, and 50+/- acre lake
TRACT 6 – 273+/- tillable acres with some woods and river frontage with maintained roadway
TRACT 7 – 59+/- recreational tract with woods and river frontage
TRACT 8 - 59+/- water frontage with woods and tillable acreage and walnut tree grove
TRACT 9 – 275+/- Elk Creek frontage with great hunting areas and tillable acreage
TRACT 10 – 171+/- nice agricultural level acreage
TRACT 11 – 218+/- nice agricultural level acreage
TRACT 12 - mobile home and 1+/- acre lot
TRACT 13 – 9.3+/- acre building lot
TRACT 14 – 13+/- acres with office, shop, sheds TRACT 15 - 1.7+/- acre lot and grain storage facility
TRACT 16 – 1+/- acre building lot with shed
TRACT 17 – Beautiful Home, lake, & 14+/- acre lot
TRACT 18 – 7+/- acre lot (subject to change depending on final result of parcel plan)
TRACT 19 – Brick ranch style home and 1+/- acre lot

Directions and auction location: 2412 Frostburg Road, Madisonville, Ky. From Breathitt Pennyrile Parkway take Hanson exit #49. From the off-ramp, turn east (away from Hanson) onto Hwy. 260 and continue to the stop sign at the Hwy. 254 intersection. Turn right and go south to Hwy 862 turn left and go approx 4 miles and Frostburg Rd. will “y” off to the left. Watch for signs.

Terms & conditions: 10% deposit day of auction and balance due in 30 days with special warranty deed at closing.

Possession: Agriculture tracts with deed at closing, subject to 2008 crop removal. Residential tracts, sooner of 90 days after closing or when vacated (possession of mobile tract at closing). Grain bin possession sooner of Aug. 1st, 2009. All tract acreages and proposed bounderies/ divisions are approximate and have been estimated based on ariel photos and FSA information. A 3% buyer’s premium will be added to high bid to determine the contract purchase price. Property is sold as-is with no expressed or implied warranties. All announcements made day of sale take precedence over any printed material.

Note: Tract 18 acreage is subject to change depending on final result of parcel plan.

Freedom Tract Auction Process: The real estate will be offered using the Freedom Tract Auction Method. This process allows the bidders the freedom to bid on any individual parcel or any combination of parcels at any time during the auction.

Pond River and Elk Creek run along entire northern boundary (Pond River right side)(Elk Creek left side) Highly Productive Farmland- Excellent roadways and drainage - Woods and river frontage- Hunting and Fishing- An outdoorsman’s paradise with woods, lake, river, and an abundance of wildlife. Land is our most safe and sound investment! Buy any individual tract, combinations of tracts, or the entire property!

Hopkins Co. FSA INFO
2040.8 farmland acres
1792.1 cropland acres

Base Acres
Wheat 42.3
Corn 435.3
Grain 124.2
Soybeans 1228.9
Total base acres 1830.7

Disclaimer: DISCLAIMER AND ABSENCE OF WARRANTIES: All information contained on this website, all related materials, and any statements made by the Auction Company are subject to terms and conditions outlined in the Purchase Agreement. ANNOUNCEMENTS MADE BY THE AUCTION COMPANY AT THE AUCTION DURING THE TIME OF THE SALE WILL TAKE PRECEDENCE OVER ANY PREVIOUSLY PUBLISHED MATERIALS (OTHER THAN THE PURCHASE AGREEMENT) OR ANY OTHER PREVIOUS ORAL STATEMENTS MADE. Information contained in this website is based upon information available to the Auction Company at the time of preparation and may not depict the current condition of the Company at the time of preparation and may not depict the current condition of the Property. All acreages for the Property are approximate and have been extrapolated from legal descriptions, aerial photographs, and FSA records, and no representation is made by Seller as to exact acreage or total number of acres at the auction. You will be bidding on a per tract basis and not on a per acre basis. The Property is being sold on an "AS IS, WHERE IS" basis and no warranty or representation, either express or implied, concerning the Property (including any mineral rights) is made by the Seller or the Auction Company. EACH POTENTIAL BUYER IS RESPONSIBLE FOR CONDUCTING HIS/HER OWN INDEPENDENT INSPECTIONS, INVESTIGATIONS, INQUIRIES, AND DUE DILIGENCE CONCERNING THE PROPERTY (INCLUDING ANY MINERAL RIGHTS). Neither Seller nor Auction Company shall have any liability for the accuracy or any errors or omissions contained on this website. All sketches and dimensions on this website are approximate, and no representation as to same is made by Seller. EXCEPT FOR ANY EXPRESS WARRANTIES SET FORTH IN THE SALE DOCUMENTS, BUYERS ASSUME ALL RISK THEREOF AND ACKNOWLEDGE THAT IN CONSIDERATION OF THE OTHER PROVISION CONTAINED IN THE SALE DOCUMENTS, SELLER AND THE AUCTION COMPANY MAKE NO WARRANTY OR REPRESENTATION, EXPRESS OR IMPLIED OR ARISING BY OPERATION OF LAW, INCLUDING ANY WARRANTY OF TITLE, MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OF THE PROPERTY, OR ANY PART THEREOF. In no event shall seller or the auction company be held liable for any special, direct, indirect, consequential or other damages. Conduct of the auction and increment`s of bidding are at the direction and discretion of the Auction Company. Seller and the Auction Company reserve the right to preclude any person from bidding if there is any question as to such person`s credentials, fitness, etc. The property is being sold subject to the Seller's approval.