• OWNER FINANCING AVAILABLE - EXCELLENT TERMS! • Managed for Whitetail Deer • Potential Building Sites • Running Streams & Picturesque Lake • Sawtooth Oak Groves & Mature Timber Stands • Good Turkey Populations • Food Plots • Hunting Cabin Overlooking Lake
1974 Acres in 23 Tracts Located in Christian, Hopkins & Edmonson County, Kentucky
Tracts 1-17 - Between Hopkinsville & Madisonville; Tract 18-23 North of Bowling Green
Owner: Chris McGehee Thu, Aug 12, 2010 EASTERNAUCTION IS OVER
OPEN HOUSE/INSPECTION DATES
Inspection Headquarters:
Crofton City Hall, 101 East Main Street, Crofton, KY 42217
Inspection Dates:
Wednesday, July 21 from 4-6 PM
Thursday, July 29 from 4-6 PM
Friday, August 6 from 4-6 PM
Saturday, August 7 from 9-11 AM
attend the inspection to pre-register & Receive:
- Free Topographical Maps & Aerial Maps
- Property Promotional DVD
- Meet a Schrader Representative & Learn More About the Auction Process
PROPERTY LOCATION
TRACTS 1-4 (Christian County) LOCATION: From Hopkinsville, take Pennyryle Parkway north 10.5 miles to Exit 23 (Hwy 800) turn east 2.1 miles to Hwy 1914 Crofton Fire Tower Road turn north 1.2 miles, turn right and proceed to the property. TRACTS 5-12 (Christian County) LOCATION: From Hopkinsville, take Pennyryle Parkway north 10.5 miles to Exit 23 (Hwy 800) turn west 1 mile to Old Madisonville Road at Crofton turn right 2 miles to Grapevine Road turn right at Grapeville Road 4 miles to the property. TRACTS 13-17 (Hopkins County) LOCATION: From Exit 24 on Western Kentucky Parkway at Dawson Springs take Hwy 109 north 2.8 miles to Hwy 2273 (Furgersontown Road) turn left 2.2 miles to Dockery Road turn left 1.2 miles to Niles Road turn left .5 mile to the property. TRACTS 18-23 (Edmonson County) 20 Minutes from Bowling Green, Kentucky LOCATION: From Bowling Green at the junction of Hwy 68, 80 and Hwy 185 take Hwy 185 north 20.7 miles through Round Hill to EG Nash Road turn east .8 mile to the property.
AUCTION LOCATION
James E. Bruce Convention Center, 303 Conference Drive, Hopkinsville, KY 42240. Directions: From the north take Exit 7 off Pennyryle turn left on Hwy 41 alternate 1.4 miles to Lovers Lane turn right .5 mile to Conference Center Drive turn left and proceed to the auction site.
PROPERTY DESCRIPTION
OWNER FINANCING AVAILABLE!
WITH 10% DOWN PAYMENT
EXCELLENT TERMS!
TRACTS 1-4 (Christian County)
226+/- Acres. One of Christian Countys best whitetail deer and turkey hunting locations. Easy access via good interior road system. This property offers mature marketable timber and is improved with a 50x36 open side pole building with concrete floor. The adjacent land is a large privately owned tract.
Tract 1: 43 Acres
Tract 2: 36 Acres
Tract 3: 56 Acres
Tract 4: 91 Acres
Estimated Real Estate Taxes: $254.78
TRACTS 5-12 (Christian County)
941 Acres +/- consisting of some of Christian Countys best white tail hunting with strategically located food plots, adequate cover, nearly all adjacent properties are large tracts that are privately owned and under intense management for trophy deer with one neighbor having high fence. This property offers both upland and bottom land hunting and is secluded with many interior 4x4 trails for access. There are elevated Shadow Hunter shooting houses, next to wildlife ponds and Sawtooth Oak groves. Tract 5 offers a picturesque lake and hunting cabin. Tract 10 offers a hunting lodge.
Tract 5: 155 Acres
Tract 6: 106 Acres
Tract 7: 103 Acres
Tract 8: 112 Acres
Tract 9: 100 Acres
Tract 10: 50 Acres
Tract 11: 115 Acres
Tract 12: 200 Acres
Estimated Real Estate Taxes: $708.67
TRACTS 13-17 (Hopkins County)
302+/- Acres located near Dawson Springs this property has good access from a paved county road, electric & public water available, a pond and is divided into tracts to fit the hunter of white tail deer, turkey or a setting for your country home.
Tract 13: 33 Acres
Tract 14: 40 Acres
Tract 15: 62 Acres
Tract 16: 43 Acres
Tract 17: 124 Acres
Estimated Real Estate Taxes: $578.81
TRACTS 18-23 (Edmonson County)
505 Acres +/- situated only 20 minutes from Bowling Green, approximately 1 hour from Nashville, offering wooded tracts with excellent hunting easy access. Potential lake site.
Tract 18: 120 Acres
Tract 19: 70 Acres
Tract 20: 68 Acres
Tract 21: 140 Acres
Tract 22: 50 Acres
Tract 23: 57 Acres
Estimated Real Estate Taxes: $441.61
AREA MAP
TRACT MAP(S)
PLAT MAP(S)
AREA MAP(S)
BUYERS PREMIUM: A 7% buyers premium will be added to the final bid price and included in the total purchase price.
PROCEDURE: The Property will be offered in 23 individual tracts. There will open bidding on all tracts and combinations during the auction as determined by the Auctioneer. Bids on tracts, tract combinations, and the total property may compete.
OWNER FINANCING: The owner shall offer the following options:
Option #1 Option #2
10% Down Payment 20% Down Payment
20 Year Amortization 20 Year Amortization
8.5 % Annual Interest Rate 7.5% Annual Interest Rate
5 Year Balloon Payment 5 Year Balloon Payment
To review a copy of the Contract for Deed contact the Auction Company at 1-800-451-2709 or visit www.schraderauction.com or attend one of the inspection periods.
DOWN PAYMENT: 10% of accepted bid price as down payment on the day of auction. The balance of the purchase price shall be in cash at closing on all purchases except contract for deed purchases. If the bidder pre-registers with the Auction Company on or before Saturday, August 7, then cash or a personal check will be accepted for the down payment (contact Auction Company for a pre-registration form or visit (www.schraderauction.com). If the bidder does not pre-register, a bank letter of credit or guarantee will be required with a personal check, OR bidder must present a $3,000 cashiers check with a personal check for the balance of the down payment (if any balance exists) on auction day. YOUR BIDDING IS NOT CONDITIONAL UPON FINANCING SO BE SURE YOU HAVE ARRANGED FINANCING, IF NEEDED, AND ARE CAPABLE OF PAYING CASH AT CLOSING ON ALL PURCHASES EXCEPT CONTRACT FOR DEED (OWNER FINANCING).
APPROVAL OF BID PRICES: All successful bidders will be required to enter into a Purchase Agreement at the auction site immediately following the close of the auction. All final bid prices are subject to the Sellers acceptance or rejection.
DEED: Seller shall provide a Warranty Deed.
EVIDENCE OF TITLE: Seller agrees to make available to bidder a preliminary title insurance commitment to review prior to auction. The cost of title insurance, if the buyer(s) elect to have the title commitment executed, will be the responsibility of the buyer(s). Seller agrees to provide merchantable title to the property subject to matters of record, general conditions of title, and similar related matters.
REAL ESTATE TAXES: Taxes for the calendar year 2010 will be paid by the Seller. All taxes for the 2011 calendar year and thereafter shall be the responsibility of the buyer(s).
CLOSING: Closing shall take place on or about September 14, 2010, or as soon thereafter as applicable closing documents are completed, at a location designated by Seller. With respect to the timing of bidder(s) fulfilling its obligations under a Purchase Agreement, time is of the essence.
POSSESSION and RISK OF LOSS: Possession of the property and risk of loss thereto shall be given immediately upon Closing.
ACREAGE: All tract acreages, dimensions, and proposed boundaries are approximate and have been estimated based on current legal descriptions and/or aerial photos.
SURVEY: The Seller shall provide a new survey where there is no existing legal description or where new boundaries are created by the tract divisions in this auction. Any need for a new survey shall be determined solely by the Seller. Seller and successful bidder shall each pay half (50:50) of the cost of the survey. The type of survey performed shall be at the Sellers option and sufficient for the issuance of an owners title insurance policy. Combination purchases will receive a perimeter survey only. Closing prices shall be adjusted to reflect any difference between advertised and surveyed acres on all tracts and tract combinations.
PROPERTY INSPECTION: Each potential bidder is responsible for conducting at their own risk, their own independent inspections, investigations, inquires, and due diligence concerning the Property. Inspection dates have been scheduled and will be staffed with auction personnel. Bidder shall be liable for any Property damage caused by bidders inspection and investigation, if any.
AGENCY: Schrader Real Estate and Auction Company and their representatives are the Auctioneers and exclusive agents of the Seller regarding the sale of the Property.
DISCLAIMER AND ABSENCE OF WARRANTIES: All information contained in this brochure and all related materials are subject to the terms and conditions outlined in the Purchase Agreement. ANNOUNCEMENTS MADE BY THE AUCTIONEER AT THE AUCTION PODIUM DURING THE TIME OF THE SALE WILL TAKE PRECEDENCE OVER ANY PREVIOUSLY PRINTED MATERIAL OR ANY OTHER ORAL STATEMENTS MADE. The property is sold AS IS, WHERE IS. No warranty or representation, either express or implied, or arising by operation of law concerning the Property is made by the Seller or Auctioneers, and are hereby expressly disclaimed. In no event shall Seller of the Auctioneers be liable for any consequential damages. The information contained in this brochure is believed to be accurate but subject to verification by all parties relying on it. Seller and the Auctioneers assume no liability for its accuracy, errors or omissions. All sketches and dimensions in this brochure are approximate. Conduct of the auction and increments of bidding are at the direction and discretion of the Auctioneers. Seller and the Auctioneers reserve the right to preclude any person from bidding if there is any question, in the sole judgment of Seller or the Auctioneers, as to such persons creditworthiness, ability or willingness to close on the purchase of the Property, credentials, fitness, etc. All decisions of the Auctioneers are final.
NEW DATA, CORRECTIONS AND CHANGES: Please arrive prior to scheduled auction time to inspect any changes, corrections, or additions to the Property information.
STOCK PHOTOGRAPHY: Some photography reflecting outdoor recreation activities are used for illustrative purposes.
SELLER: Chris McGehee
