Absolute Land & Timber Auction: Great Hunting & Recreational Property with Additional Oil Income
Saturday March 25, 2017 10 AM CDT
Video of Property
Auction held For

The Billy Whitney Heirs
Location

Auction to be held onsite at the property!  Property is located approx 6 miles south of Columbia, KY. From Columbia Wal-Mart (Exit 46 off Cumberland Pkwy), take Hwy 61 South 2.5 miles, turn left onto Hughes Rd. and proceed another 2.5 miles, then turn left onto Bill Loy Rd. and proceed about 1 mile to property.  Auction Banners posted.

Open House

Property is open for your viewing at any time.  New Survey available at property or stop by office.  For assistance in viewing, contact lead auctioneer, Jerry Robertson at 270-634-1158.

Description

Great Hunting, Recreational & Investment Land!

Absolute Land & Timber Auction

Saturday, March 25th at 10 AM CDT

178.91 Acre, m/l, to be Auctioned in Two Tracts Plus Approximately 25 Acres M/L of Recently Discovered Untouched Commercial Timber to be offered separately.  Deer, turkey and other wildlife abundant.

LAND DESCRIPTION:

Tract #1: 109.28 Acre, m/l;

Tract #2:    69.63 Acres, m/l;

Beautiful wooded recreational property with 4-wheeling trails, campsites, long creek frontage along Tract #1, along with other fresh water springs & branches throughout property!  Property has abundant wildlife for excellent turkey & deer hunting!  Also good squirrel hunting in the area!   Property has The property lays rolling and has a nice stand of young timber remaining with the property.  The majority of the woods will remain untouched with the exception of the 25 Acres m/l of recently found commercial timber to be offered separately. 

Commercial Timber:  Approx. 25 Acres, m/l, of commercial timber to be offered on only a portion of Tract #1 ONLY. The balance of timber will remain with property.  The approx.  25 acres, m/l, is heavy on poplar, maple, & beech, with scattered white oak, red oak & black oak, plus some hickory.  

Oil & Gas Dividends:  The property is being sold subject to an existing standard oil & gas lease in which the landowner of the tract with producing wells will receive the landowner’s 1/8th interest (12.5%).  There are currently 2 producing oil wells that are located on Tract #2.  The lease; however, covers both tracts.  Should future wells be produced on the other tract, the landowner of that tract would then receive the landowner’s 1/8th interest.   For the years 2010 – 2015, the landowner’s portion totaled $14,200 per the owner’s records.

Sales Order

Property will be offered on a price per acre basis with the highest winning bidder having the option to pick either Tract 1 or Tract 2 or BOTH tracts if you so desire.  The 25 acres, m/l, of timber will then be offered separately at the end with NO COMBINATIONS

Terms

Real Estate:  Non-refundable 10% down day of sale and closing on or before 30 days.  Timber Terms:  Non-refundable 10% down day of sale with signing of standard timber contract & balance on or before 30 days allowing 6 months for removal of timber down to a 12 inch stump to be measured 12 inches above the ground.  A 10 percent buyer's premium will be added to the final bids to determine final sales price.

Auctioneer Notes

These large tracts of excellent hunting and recreational property join thousands of acres of woodlands!  Great location to just get away!  Remember the date, Saturday, March 25th at 10 A.M. CDT & come prepared to buy at your price!

 

Golden Rule-Wilson Real Estate and Auction

 
Columbia Office #1, LLC
1004 Jamestown Street  -  Columbia, KY
1-270-384-1111 or 1-800-854-9992
Email our Office
Russell Springs Office #2, LLC
21 E. Steve Wariner Drive  -  Russell Springs, KY
1-270-866-6600 or 1-800-410-5155
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*List price, specifications & availability are subject to change without notice.
Disclaimer:  All information is believed to be correct but is not warranted by selling agents.
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