CORDELIA MATTINGLY AUCTION

ABSOLUTE AUCTION
SATURDAY – MARCH 2, 2024 – 10:30 A.M.

ESTATE OF MARY CORDELIA MATTINGLY
HOME – BARN – 2 PONDS – FARM LAND – WOODS
70.18 ACRES (+/-) – 4 TRACTS
IN THE CALVARY AREA!

BUILDING SITES GOING ALL THE WAY
TO THE ROLLING FORK RIVER!

2925 HIGHWAY 208 – LEBANON, KY 40033

AUCTIONEER’S NOTE

Everybody loves the Calvary area…It is one of the most highly sought after areas in Marion County in beautiful Central Kentucky, offering stunning panoramic views of the rolling knobland, the Rolling Fork River,
and the gorgeous surrounding countryside! And the best part is…This property is located just a few minutes from the city limits of Lebanon close to all the conveniences of town…PLUS…It is less than a 1/2 mile from the new Calvary Elementary School currently under construction off Highway 208! Real estate in the Calvary area very rarely comes on the open market…Don’t miss this opportunity to purchase this exceptionally located real estate…At your own price…AT ABSOLUTE AUCTION ON SATURDAY, MARCH 2nd, 2024 AT 10:30 A.M.!

THE HOME (TRACT 1 – 1.39 ACRES +/-)
Quite honestly…The home has not been lived in for a while and could use some tender loving care…But it certainly has much to offer including this extraordinary location! The home features approximately 1,536 square feet of living area (Per the PVA) & offers 4 bedrooms (2 downstairs & 2 upstairs)…The first level also offers a living room, a den, an eat-in kitchen with an adjoining full bathroom…Plus a utility room / mud room combination with a shower & toilet! The electrical service panel has been updated with a circuit breaker box. The home is heated with propane gas space heaters & cooled with window unit air conditioners. Outside the home features a covered front porch, a covered side porch & a storage cellar underneath the home with an outside entrance. The 1.39 acre lot (+/-) also offers it’s own private entrance, an 8′ X 12′ vinyl storage building & a 10′ X 12′ wooden storage building. The home is serviced by the Marion County Water District for water & Inter-County Energy for electrical service. Note: The 1,000 gallon septic tank & lateral lines for this home were installed on July 13th, 2009.

THE LAND (TRACTS 1, 2, 3 & 4 – 70.18 ACRES +/-)
This is a total of 70.18 acres (+/-) of land located in God’s Country! We can’t say it enough…The Calvary area is one of the most desirable locations in all of Marion County…And that was even before the brand new Calvary Elementary School started construction! We’ve told you about the home tract (Tract 1)…You also have your choice of 3 larger tracts…Tract 2 (32.46 Acres +/-), Tract 3 (12.60 Acres +/-) & Tract 4 (23.73 Acres +/-)…Each of these tracts offer cleared land in the front perfect for building your new home, a nice section of woods in the middle & farm land in the rear extending all the way to the Rolling Fork River! Just think…You can have all the recreation you want without ever leaving your own land…Right behind your home are woods for hiking & trail riding (or even a cabin in the woods?)…The woods open up to flat land in the rear which could be used for farming / livestock…Or can you imagine your home overlooking the Rolling Fork River & launching your canoe or kayak right from your own yard?

ENTRANCES – UTILITIES – SEPTIC SYSTEM SITE EVALUATIONS – FLOOD ZONE DETERMINATION – SOIL MAP
This land features a total of 850′ (+/-) of road frontage & all 4 tracts have their own private residential entrance on Highway 208! All entrances were approved on October 24th, 2023 by Mark McKenzie with the Kentucky Department of Transportation – District 4, subject to a completed encroachment permit. In addition to the home tract (Tract 1 – 1.39 Acres +/-)…All tracts have convenient access to water service (Note: The Marion County Water District main water line is on the same side of Highway 208 as this land) & electrical service (Note: There are two Inter-County Energy electrical lines providing service…One along Highway 208 in the front & one along the Rolling Fork River in the rear of the property)… Plus easy access to fiber optic cable for high speed internet! Septic system site evaluations were conducted on January 11th, 2024 by Alexis Willett with the Lincoln Trail District – Marion County Health Department. Several locations in the front & rear of each tract were evaluated for a septic system (Note: Please see the individual On-Site Sewage Disposal Systems Site Evaluations for Tract 2, Tract 3 & Tract 4). Also…Most of the land in the rear of these tracts is not located in a flood plain due to its height above the Rolling Fork River (Please see the Aerial Plat with Approximate Flood Plain Location)…While you’re at it…Check out the Soil Map showing some outstanding soils in the rear of this property, including Lawrence Silt Loam, Elk Silt Loam & Chenault Gravelly Silt Loam!

THE 4 TRACTS
TRACT 1 – HOME & 1.39 ACRES (+/-): Offers the home, 8′ X 12′ vinyl storage building, 10′ X 12′ wooden storage building & 160′ (+/-) of road frontage on Highway 208.

TRACT 2 – 32.46 ACRES (+/-): Offers cleared areas in the front, side & rear, woods, a 32′ X 72′ barn, 2 ponds & 205′ (+/-) of road frontage on Highway 208. Overlooks the Rolling Fork River in the rear.

TRACT 3 – 12.60 ACRES (+/-): Offers cleared areas in the front & rear, woods & 165′ (+/-) of road frontage on Highway 208. Overlooks the Rolling Fork River in the rear.

TRACT 4 – 23.73 ACRES (+/-): Offers cleared areas in the front & rear, woods & 320′ (+/-) of road frontage on Highway 208. Overlooks the Rolling Fork River in the rear.

ORDER OF SALE
1st OFFERING: To be offered AS A WHOLE, Tract 1, Tract 2, Tract 3 & Tract 4 grouped together, with all improvements, totaling 70.18 acres (+/-), per survey.

2nd OFFERING – ROUND 1: TRACT 1 to be offered individually BY THE TRACT.

2nd OFFERING – ROUND 2: TRACT 2, TRACT 3 & TRACT 4 to be offered BY THE ACRE utilizing the ‘PICK & CHOOSE’ auction method. The highest bidder will have the priority to select the tract, or contiguous tracts desired, at that price per acre. This process will continue until all 3 tracts have been selected in the 2nd Offering.

NOTE: THE AUCTION IS NOT FINAL UNTIL BOTH OFFERINGS HAVE BEEN COMPLETED. THE REAL ESTATE WILL BE SOLD PER THE OFFERING REALIZING THE MOST MONEY FOR THE SELLER.

TERMS & CONDITIONS
* A 10% Buyer’s Premium will be added to all winning bids to determine the final sales and purchase price.

* Any Purchaser of a real estate tract will pay a 20% deposit of the final sales and purchase price the day of the auction. The balance will be due on or before April 2nd, 2024.

* The 2024 Real Estate Property Taxes will be pro-rated as of the date of deed.

INSPECTIONS
* The real estate & all improvements are being sold ‘AS IS’ with no warranties, guarantees, or assumptions of liability. Inspections are invited & encouraged. For any inspections of this property, please call The Lancaster Agency, Inc. at 270-692-6748, or Mike Spalding at 270-699-1347.

* The home was built prior to 1978 and may have the potential for lead based paint. Lead based paint inspection, and any other inspections desired by prospective purchasers, must be completed prior to the auction.

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

CHARLES E. LANCASTER, JR. – PRINCIPAL BROKER / AUCTIONEER
CHARLES E. LANCASTER, SR. – AUCTIONEER
IRVIN ABELL – APPRENTICE AUCTIONEER
TREY ABELL – APPRENTICE AUCTIONEER