"Auctions" Lancaster Agency

ABSOLUTE ESTATE AUCTION

SATURDAY - MAY 12th - 10:30 A.M.
ESTATE OF ROY MILES
HOME - BARNS - 2 PONDS - 98.91 ACRES
ROAD FRONTAGE ON BOTH ST. FRANCIS ROAD
& BROWN-MATTINGLY ROAD

2840 ST. FRANCIS ROAD
ST. FRANCIS, KENTUCKY

Get directions to this auction.

Tracts 1, 2, 3, 4, 5, 6, 7, 12, 13, 14, 15, 16, 17 & 18 had a Sewage Disposal System Preliminary Site Evaluation Performed on April 19th, 2007.

ONLY A 7.5% BUYER'S PREMIUM!!!

THE HOME: A beautiful white 4 bedroom home with insulated vinyl siding and metal roof set far back from the road surrounded by nice shade trees and featuring on the first level: 2 bedrooms, a full bathroom, eat-in kitchen, living room and entry foyer plus a coat/mud room and a large utility room w/ dining area. Upstairs you will enjoy 2 more bedrooms with a landing area and a large storage room with a separate stairway entrance. Many extras including beautiful hardwood flooring in one bedroom, living room & entry foyer, replacement double pane tilt windows throughout the home, 3 dormers, a white picket fence, a nice gazebo, covered front porch and much, much more!

THE LAND: 98.91 acres, per survey, of beautiful level to gently rolling countryside in western Marion County featuring something for everyone...Building lots, farmland, a nice home, 2 ponds, barns and plenty of road frontage on both St. Francis Road (Highway 527) and Brown-Mattingly Road!

DIRECTIONS:

From Lebanon: Take Highway 49/52 (turn at Spring View Hospital) thru Loretto, turn left at the caution light in St. Francis (Highway 527) and follow 2.8 miles to the auction site.

Or take Highway 84 to Raywick, turn right at Blandford's Store (Highway 527) and follow 1.8 miles to the auction site.

From Bardstown: Take Highway 49 South to Highway 527 in Holy Cross and follow Highway 527 straight to the auction site.

Note: Just follow the red and yellow Lancaster Agency auction signs to the red and yellow auction tent!

AUCTIONEER'S NOTE: Have you ever dreamed of owning that white house with the white picket fence? Here is a rare opportunity to bid and buy the auction way...At your own price! The home, the farm, building lots...You name it and this auction has it...Put your own combination of real estate together at a reduced Buyer's Premium of ONLY 7.5% which means more money in YOUR pocket!

ORDER OF SALE:

1st Offering: To be offered as a whole, Tracts 1 thru 22, plus Road Tract A, grouped together being 98.91 acres, per survey, including the home, barns, buildings and all improvements.

2nd Offering:

* Tract 7 (Home Tract) to be offered first.

* Tracts 1, 2, 3, 4, 5, 6, 12, 13 & 14 to be offered by the tract, utilizing the pick and choose auction method, with the highest bidder having the priority to pick and choose the tract or contiguous tracts desired.

* Tracts 15, 16, 17 & 18 to be offered by the tract, utilizing the pick and choose auction method, with the highest bidder having the priority to pick and choose the tract or tracts desired.

* Tracts 8, 9, 10, 11, 19, 20, 21 & 22 to be offered by the acre, utilizing the pick and choose auction method, with the highest bidder having the priority to pick and choose the tract or contiguous tracts desired.

NOTE: No sale is final until all offerings have been made. The property will be sold in the manner realizing the most money for the seller.

Tract 1: .99 acre with 125.48' of road frontage on Highway 527.

Tract 2: 1.00 acre with 125.04' of road frontage on Highway 527.

Tract 3: 1.00 acre with 125.01' of road frontage on Highway 527.

Tract 4: 1.00 acre with 125.01' of road frontage on Highway 527.

Tract 5: 1.01 acre with 125.01' of road frontage on Highway 527.

Tract 6: 1.19 acre with 202.66' of road frontage on Highway 527.

Tract 7: 4.13 acres with 243.05' of road frontage on Highway 527 including the home, gazebo, garage w/ storage, storage building w/ shed, a storage building and a storage shed.

Tract 8: 6.16 acres with 114.08' of road frontage on Highway 527.

Tract 9: 9.88 acres with 1324.67' of road frontage on Highway 527 and 86.29' of road frontage on Brown-Mattingly Road.

Tract 10: 7.35 acres with 240.52' of road frontage on Brown-Mattingly Road.

Tract 11: 6.34 acres with 299.06' of road frontage on Brown-Mattingly Road.

Tract 12: 1.03 acre with 125.00' of road frontage on Brown-Mattingly Road.

Tract 13: 1.29 acre with 155.97' of road frontage on Brown-Mattingly Road.

Tract 14: 1.03 acre with 125.00' of road frontage on Brown-Mattingly Road.

Tract 15: 2.88 acres with 302.12' of road frontage on the Private Road (Tract A).

Tract 16: 2.83 acres with 302.12' of road frontage on the Private Road (Tract A).

Tract 17: 3.23 acres with 305.40' of road frontage on the Private Road (Tract A).

Tract 18: 2.70 acres with 302.35' of road frontage on the Private Road (Tract A).

Tract 19: 8.59 acres with 635.02' of road frontage on the Private Road (Tract A) with a pond and a 36' X 48' tobacco barn w/ a 12' X 24' stripping room.

Tract 20: 17.62 acres with 98.63' of road frontage on the Private Road (Tract A) with a pond and a 32' X 76' barn w/ a 12' X 20' shed.

Tract 21: 9.38 acres with 279.38' of road frontage on the Private Road (Tract A).

Tract 22: 6.38 acres with 272.90' of road frontage on the Private Road (Tract A).

Tract A: 50' Private Road totaling 1.9 acres.

View Plat (PDF)

View from West Corner of Farm	View from North Corner of Farm
View from East Corner of Farm	View Facing West on Brown-Mattingly Road
View Facing SW on Highway 527	View Facing NE on Highway 527
View Facing East on Brown-Mattingly Road	View Across Tracts 1-7
Storage Shed (Tract 7)	Storage Building with Shed (Tract 7)
Home (Tract 7)	Rear of Home (Tract 7)
Storage Building (Tract 7)	Gazebo (Tract 7)
Garage with Storage (Tract 7)	Auction Sign
Barn (Tract 19)	Pond (Tract 19)
Pond (Tract 20)	Barn (Tract 20)

TERMS & CONDITIONS:

* There will be a 7.5% Buyer's Premium added to all winning bids to determine the final sales price.

* Any purchaser of real estate will pay a 20% non-refundable deposit the day of the auction with the balance due on or before June 12th, 2007.

* Possession and use will be granted with the deed.

* 2007 property taxes will be pro-rated between the Seller and Buyer/s as of the deed date.

*THIS PROPERTY IS BEING SOLD AS IS. The real estate is available daily for inspection by contacting The Lancaster Agency, Inc. at (270) 692-6748 or toll free at 1-888-692-7655.

*NOTE: This home was built prior to 1978 and has the potential for lead based paint. Lead based paint inspection and all other inspections by prospective buyers must be performed prior to the auction. If the buyer of the home tract (Tract 7) does not inspect the home for lead based paint, a Waiver Of Lead Based Paint Inspection will be signed along with the Auction Purchase Contract.

* Color Aerial Plats, Copy of the Survey and Related Auction Documents are available at the auction site or at The Lancaster Agency, Inc. office located at 121 E. Main Street in downtown Lebanon, KY.

ANNOUNCEMENTS MADE THE DAY OF THE AUCTION SUPERSEDE ANY AND ALL PRIOR ANNOUNCEMENTS OR STATEMENTS WHETHER ORAL, WRITTEN OR OTHERWISE, REGARDLESS OF WHO MADE THEM OR WHEN THEY WERE MADE.

CHARLES E. LANCASTER, JR. - PRINCIPAL BROKER / APPRENTICE AUCTIONEER
CHARLES E. LANCASTER, SR. - BROKER / AUCTIONEER
HAYDEN JOHNSON - AUCTIONEER
JOHN ARTHUR ELDER, III - APPRENTICE AUCTIONEER
TOM BRAHM - APPRENTICE AUCTIONEER

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