ABSOLUTE LAND AUCTION 153+/- ACRES, 2 HOMES, FARM EQUIPMENT Salem, KY

ABSOLUTE LAND AUCTION
153+/- ACRES, 2 HOMES, FARM EQUIPMENT

ATTENTION FARMERS, LAND INVESTORS & HOMEBUYERS

PRODUCTIVE FARMLAND * FENCED PASTURES * GORGEOUS VIEWS
2003 CUSTOM BUILT 5 BEDROOM HOME * 3 BEDROOM HOME
BARNS * POND * +/- 4,179 OF ROAD FRONTAGE

NEAR CUMBERLAND RIVER AND DEER LAKES GOLF COURSE!
LAND TO BE OFFERED IN 5 TRACTS SEPARATE OR COMBINED

ALSO SELLING: 2013 KUBOTA 7O HP TRACTOR W/ ENCLOSED CAB*
12’ BAT WING BUSH HOG * VERMEER HAY BALER * SPRAY RIG*
GRAVITY WAGON * LITCHFIELD GOOSENECK TRAILER * PLOW*
HAY WAGON * NEW HOLLAND SQUARE HAY BALER * CULTIVATOR* CATTLE SUPPLIES & MORE!

Auctioneer’s Note: This outstanding farm has been in the Asbridge family for many years and has been handed down from generation to generation. Mr. & Mrs. Asbridge have enjoyed their time here on this beautiful farm but it is now time to relocate and create new memories with their grandchildren. Although this is a bittersweet decision for the owners, it is an exciting opportunity for the general public to purchase an attractive farm and 2 homes in any combination they choose! This property offers country living at its best with scenic views, many recreational opportunities as well as numerous income producing opportunities.


When: Saturday, May 7th @ 10 A.M.
Where: 895 & 896 Maddux Loop
Salem, KY 42078
Auction held on site rain or shine

For video tour: https://vimeo.com/162781924
 

Preview land, homes, Kubota tractor, & farm equipment Thursday May 5th, 2016 from 3:00 P.M. to 5:00 P.M. Auctioneer on-site to answer questions.

Directions: From Salem: From US-60 E & State Hwy 723/Hayden Ave intersection take State/Hwy 723 Hayden Ave 1.1 mile. Turn left to stay on State Hwy 723 & continue 3.4 miles arriving at the beginning of farm on right. Turn right onto Maddux Loop to preview the rest of the property on both sides of Maddux Loop. Signs posted

From Paducah: From US-62 & US-60 intersection in Reidland take US-60 E 1.5 miles crossing the Tennessee River. Turn right to stay on US-60 E 26.5 miles. Turn right onto State Hwy 723/Hayden Ave & continue 1.1 mile. Turn left to stay on State Hwy 723 & continue 3.4 miles arriving at the beginning of farm on right. Turn right onto Maddux Loop to preview the rest of the property on both sides of Maddux Loop. Signs posted.


Real Estate

Main Home: Consider this spacious, 5 bedroom, 2 bath, multi-level home with 2 garages. Situated in farmland/cattle country with a gorgeous views! Built in 2003.

Exterior Overview: Paved driveway leads to the home and both garages. Home has clay color vinyl siding, dimensional shingles and sits on a block & brick foundation that includes a crawlspace with vapor barrier and lighting. Brick steps leading to the front porch complete with PVC handrails, spindles, and columns. Propane tank leased and paid up through next year. Detached Garage: +/- 24’ x +/- 24’, vinyl siding, dimensional shingles, block & brick foundation, insulated walls, engineered trusses, easy access attic storage, 100 amp electrical service & propane piped in for garage heater and fireplace.

Interior Overview: Decorative wood molding, custom Amish-built cabinets throughout, finished sheetrock on walls and ceilings, contemporary style and décor with scenic views out of all windows. Flooring: combination of hardwood style linoleum and carpet.

Main Level:
Attached Garage: +/- 21’2” x +/- 25’4”, overhead doors with openers, finished walls & ceilings, stained baseboards, walk out door & storage closet. Laundry Room: +/- 7’6” x +/- 9’9”, washer & dryer hookup, bonus utility sink and custom oak cabinets. Foyer: +/- 6’10” x +/- 11’ 6”, hardwood style flooring. Office: +/- 11’4” x +/- 11’6” w/adjoining Library: +/-6’ x +/- 8’10” with Amish-built in adjustable bookshelves, hardwood style flooring. Master Bedroom: +/- 13’6” x +/- 14’6”, stained wood molding, ceiling fan, Berber carpet. Spacious Master Bath: +/- 7’6” x +/- 15’11”, Whirlpool garden tub, walk-in shower, his & her sinks, custom oak cabinets, linen closet, and a +/- 8’3” x +/- 7’6” carpeted walk-in closet with vinyl shelving. Eat-in Kitchen: +/- 11’5” x +/- 19’8”, 28’ of Amish-built custom oak cabinets with self closing hardware, hardwood style linoleum, Formica countertops, large pantry, Kenmore stove w/warm & ready drawer and self cleaning oven, Amish-built fireplace surround w/propane insert, stainless Frigidaire dishwasher, double sink w/disposal. Formal Dining Room: +/- 7’9” x +/-17’9”, stained wood molding & chair rail, fiberglass sliding door leads to Sunroom: +/- 8’ x +/- 18’10” with lots of windows for plenty of sunlight & scenic views. Living Room: +/- 14’8” x +/- 19’6”, recessed lighting, ceiling fan w/light, painted trim, Berber carpet. Bedroom #2: +/- 11’6” x +/- 11’6”, walk-in closet +/- 4’8” x +/- 7’7” w/vinyl shelving & shoe rack. Bedroom #3: +/- 11’6” x +/- 11’6”, carpet, Bathroom #2: +/- 7’6” x +/-7’8”, walk-in shower, custom Amish-built oak vanity.

2nd Floor: Carpeted stairs lead to the 2nd floor. Bedroom #4: +/- 11’9” x +/- 13’, carpeted. Bedroom #5/Bonus Room: +/- 11’9” x +/- 30’6”, carpeted.

Utilities: Jackson Purchase Electrical: 200 amp electrical panel (breakers), Rheem RQPL-B048JH package unit with heating/air downstairs, 500 gallon propane tank for gas fireplace & garage heater, a 50 gallon water heater & also a Rheem 30 gallon electric hot water heater, generator receptacle box in garage for auxiliary power unit, Amana split system air handler upstairs with condensing compressor unit outside, TDS phone dial-up, Crittenden/Livingston water district.


2nd/ Rental Home: Consider this 3 Bedroom, 1 bath home currently leased @ $600.00 per mo.

Exterior Overview: Aluminum siding on a block foundation with crawlspace, dimensional shingles, wooden front porch w/railing & posts.

Interior Overview: Drywall, paneling, ceiling tile, vinyl replacement windows throughout home. Flooring: carpet & linoleum. Living Room: +/- 15’ x +/- 24’6”, propane wall heater, carpeted. Bedroom #1: +/- 15’3” x +/- 15’6” with +/- 9’8” ceiling, stained trim, carpeted. Bedroom #2: +/- 11’8” x +/- 15’3” stained trim, carpeted. Bedroom #3: +/- 12 ‘x +/- 14’, paneled walls, wainscoting, ceiling tile, carpeted. Formal Dining Room: +/- 9’6” x +/- 17’6”, carpeted. Kitchen: +/- 14’8” x +/- 15’, plywood cabinets, and linoleum floor. Bathroom: +/- 5’ x +/- 10’6”, linoleum floor. Laundry Room: +/- 5’ x +/- 8’, apartment size washer & dryer, linoleum floor. Sunroom: +/- 11’9” x +/- 15’, linoleum floor.

Utilities: 100 amp updated breaker panel, Richmond 40 gallon water heater, city water, Rheem central HVAC gas pack RRNL-B036JK08E manufactured 3/2010, 500 gallon propane tank owned by homeowner.


Farmland Breakdown Containing 153 +/- Acres

Tract 1: Home Tract containing 3.5 +/- acres detached garage & +/- 239’ of road frontage
Tract 2: 31.7 +/- acres served by a 50’ easement mostly clear/tillable
Tract 3: 81.5 +/- acres tillable/wooded with +/- 1,047’ of road frontage
Tract 4: 23.6 +/- acres containing rental home, barns, pond, & +/- 1,419’ of road frontage perfect for cattle with a loading chute beside barn. This tract is mostly clear
Tract 5: 13.3 +/- acres with +/- 1,474’ of road frontage on Hwy 723 & Maddux Loop with small wooded area this tract is mostly clear

Auctioneer’s Note: Mr. Michael Ladd, consulting forester has negotiated a select hardwood cut on tracts 2 & 3. The contract was entered into before Mr. & Mrs. Asbridge decided to sell. The contract is transferable and is recorded in the Livingston Co. Courthouse. This is a select cut that will take place behind the buffer and was based on proper long term timber management objectives. The “aesthetic buffer” tree line will remain, with most of the activity taking place behind the buffer. Mr. Michael Ladd and Mr. & Mrs. Asbridge have put a lot of careful thought into this process. Mr. Ladd is a member of the Association of Consulting Foresters, which is a professional association with high standards of ethics and continuing education. He has a Bachelor’s of Science Degree in Forestry, with twenty five years of experience in the forestry profession. This process will be closely supervised by Mr. Ladd. This is not a clear cut process. Please click on details on main page then click on documents to view a detailed letter from Mr. Michael Ladd to all prospective bidders discussing his involvement and to review timber sale contract. Mr Ladd is more than happy to speak to and answer any questions the general public may have. Phone number listed under details and document tab at bottom of letter to the public.

Barns

Open Front Pole Barn: +/- 30’ x +/- 48’, 3 bays, metal sides & roof

Cattle Barn: +/- 56’6” x +/- 40’, 3 total sliding doors – one on each end, Hay Loft: +/- 31’6” x +/- 40’, lean to on both sides: +/- 12’ x +/- 40’ w/power

Pole Barn: +/- 30’ x +/- 50’ w/ +/- 8’6” x +/- 14’ sliding doors on front & back, one entrance door on the side, National Barn Builders

*Hot wire around perimeter of pasture.



Personal Property


Kubota Tractor: 2013 Kubota M7040D with 729 hours, 4 wheel drive, hydraulic shuttle serial #93798, spear, M1811 bucket for front end loader serial #C9803, heat/air, ultra-grand cab, 2 sets of remotes, very nice!

Farm Implements & Equipment: 7 Ton Litchfield Gooseneck Trailer- Model # GN2122PTE w/21’ bed & fold down ramps serial #4MNDG2128Y1001179, gravity wagon, 2003 Vermeer Rebel 5500 hay baler serial # 1VRV121G54100087, 2 row cultivator with 3-point hitch, Worksaver single shank ripper, New Holland Model 273 square hay baler serial# 123567, 8’ x 12’ hay wagon, Ford 314 flat bottom breaking plow, Burch 2 row corn planter, New Idea 309 one row corn picker serial # 272997, 3 hay spears with 3-point hitch, Enoagricola Rossi 9’ cut sickle mower model # BF 270 serial # 734027, Land Pride Ranger RC2512 bat wing 12’ bush hog, 3-point PTO seed sower, PTO spray pump, 55 gallon 3-point Ag Spray equipment, 3-point fifth wheel trailer hitch, 14’ Bush Hog disc harrow w/hydraulic wheels, 3-point ground ripper, +/- 850 gallon plastic water tank, Homelite gas engine water pump, 300 gallon diesel tank on stand, 300 gallon gas tank on runners

Cattle Supplies: feed bunk, galvanized water troughs, cattle head gate, calf puller, 6-bar pipe panels for corral assembly

Misc: shovels, rakes, picks, circular saw, filing cabinets, tobacco float trays for plants, +/- 24 sheets of 3’ x 16’ galvanized roofing, log chains

Terms of Auction

Real Estate: 15% good faith deposit due day of sale. Balance due in 45 days. 10% buyer premium added to final bid and included in the total contract price. Bank letter of credit required if unknown by Auction Co. Bidders are responsible for their own inspections and verifications either before or during day of auction. Preview land, homes, Kubota tractor, & farm equipment Thursday May 5th from 3:00 PM - 5:00 PM or between the hours of 8:00 AM-10:00 AM on day of auction.

Procedure: Initial procedure determined by auctioneer.

Title: Fee Simple Absolute title delivered.

Deed: Seller will provide a Warranty Deed.

Purchase Agreement: Successful bidder(s) will enter into a purchase agreement contract immediately upon conclusion of the auction.

Possession: Possession given at closing.

Restrictions: Any recorded restrictions (if any) and zoning regulations apply.

Easements: Sale of property is subject to any and all easements of record.

Absence of Warranties & Disclaimers: All information contained herein and all related materials are subject to the Terms and Conditions outlined in the Purchase Agreement. The property is being sold on AS IS, WHERE IS basis, no warranty or representation either expressed or implied concerning the property is made by the seller or the auction company. Each potential bidder is responsible for conducting his or her own inspections, verifications, investigations, inquiries, and due diligence concerning the property. The information contained herein is subject to verification by all parties relying on it. There is no liability for its accuracy. Errors and/or omissions insurance are assumed by the seller or the auction company. Conduct of the auction and increments of bidding are at the discretion of the auctioneer. The sellers and selling agents reserve the right to preclude any person from bidding if there is any question regarding the person’s credentials, fitness, etc. All decisions of the auctioneer are final.

Personal Property: Cash, credit card or check day of sale with proper ID. 10% buyer premium added to final bid. Kentucky sales tax will apply as required unless tax exempt.

Kubota Tractor, Trailers & Farm Implement Terms: Out of state purchaser’s checks & credit cards must clear before possession given on trailers and farm implements, unless paying with cash. No credit cards accepted on Kubota tractor. Check must clear before possession of the Kubota tractor is granted whether it is in state or out of state. Tractor will remain in the possession of the estate until funds clear & collected.

Auctioneer’s Note: Concessions provided by Duncan Family Concessions. Auction held on site, rain or shine. Purchasers will have the following business day (Monday) to remove merchandise, if necessary. Any announcements made the day of the sale take precedence over printed material or any other oral statements made. Auction Company or owner is not responsible for accidents.

New Information, Corrections & Changes: Please check for updated information prior to scheduled auction time for changes, corrections, or additions to the herein described property information.