Lake Cumberland , KY Area!  Private Acreages & Wooded Estate!

Absolute Estate Auction

3 Baby Farms!  Custom, One-Owner House!  Creeks & Streams!

Saturday, August 30^th 10 AM CDT

Custom-built Modified A-Frame House on a Private 7 Acre, m/l, Wooded Estate Overlooking Small Creek. Plus Three, 3 Acre m/l, Baby Farms, and Lot #11 of Phelps Acres Estates consisting of 1.57 Acres m/l.

Auction held for the Irene Phelps Estate - Attorney Bruce Orwin, Trustee for the estate.

Property is conveniently located in Russell County, KY, convenient to both Russell Springs & Jamestown.  Property is located between the new Hwy 127 Jamestown bypass and Hale’s Hwy (Hwy 379-Esto Community), just off Hwy 92 and located at 430 Oaks Rd , Jamestown , KY – Only 10 minutes to Jamestown Marina & Lake Cumberland State Dock. Auction Banners Posted.

Open House:  Saturday, Aug. 23 from 1 P.M. – 3 P.M. or you may view by private appointment by contacting selling agents!

House & 7 Acre, m/l, Wooded Estate:  This custom – built, one owner house has a beautiful park like setting.  You’ll enjoy the scenic and private wooded surroundings and the peaceful view and gentle sound of the nearby creek.  This prominent home features 3 or 4 very large bedrooms, 2 baths, large great room with cathedral ceiling & a soaring 2 + story fireplace, optional den or library, kitchen with large pantry & appliances, dining area, main level utility area, attached 2 car garage with storage.  Master suite offers a large walk-in closet and deck access outback.  The house has central heat and air, county water, Anderson double pane roll out windows & Architectural windows, some wood & tiled floors, plus chipped & sealed private drive.  You’ll fall in love with the triple tier wrap-around deck outback with hot tub, trees, creek view & more!  Property has walk-in crawl space with steel entry door, ideal for storm protection!   For convenience and insurance savings, the house also has a sprinkler system, security system, & there is also a fire hydrant on the property.  Please note:  THE DRIVE OFF OF OAKS ROAD IS A PRIVATE DRIVE FOR THE HOUSE TRACT’S USE ONLY.

Tract #1, #2, & #3:  Offer 3  beautiful baby farms in Phelps Acres Estates – THE ENTRANCE TO THESE TRACTS IS FROM PHELPS ACRES ESTATES ROAD IN PHELPS ACRES ESTATES- Each of these tracts offer approximately 3 Acres, m/l, each with woods near the back of all tracts and Tract # 3 being approx half wooded and has a spring branch.  Tracts #2 & #3 also corner & front on Phelps Acres Drive and all three tracts have electric & county water available & are subject to the Phelps Acres property restrictions.

Tract #11:  Of Phelps Acres Estates offers 1.57 Acres, m/l, a beautiful corner lot fronting on Hwy 92 & Phelps Acres Road .  This tract has electric & county water available and scenic view overlooking Russell County airport & is subject to the Phelps Acres property restrictions.

SALE NOTE:  All tracts will be auctioned from the house location!!!  Possibility of some combinations may be offered, but at no time will all property be combined-announcement to be made day of sale!!!

Terms: Real Estate:  10% down day of sale and balance with deed on or before 30 days.  Property taxes paid by seller for 2008. A five percent buyer’s premium will be added to the final bids to determine final sales price.

Auctioneer’s Note: This exclusive property offers a beautiful location and setting second to none.  This is a great time to upgrade into a beautiful home with wooded acreage.  The three acreage tracts offer pristine building sites with available utilities.  Interest rates a very low and now is the time to take advantage of a great buying opportunity!!!

Remember the date, Saturday, August 30^th, at 10:00 A.M. CDT and come prepared to buy at your price!

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