00 Hammonds Schoolhouse Rd Magnolia, KY 42757

BANKRUPTCY AUCTION HELD THUR. DEC. 17th @ 3:37PM EST AT 195 LEE OAK DR HODGENVILLE, KY. 42748. OPEN HOUSE IS DEC. 13th 2-4 PM EST.120 ACRES –16 TRACTS CROPLAND – PASTURE – CO WATER
TOOL SHEDS – BARNS - SILO - GRAIN BIN LOCATION: Hart Co., KY. Magnolia Community – From Magnolia, take US 31E South, Approx. 1.9 miles to the intersection of Hammonsville School House Road & US 31E – turn right into Hammonsville School House Road and go 0.9 miles to property — SIGNS POSTED - NOTE: Sale will be held at The Nest Venue, 195 Lee Oak Dr. Hodgenville, KY. 42748. (Right off Lincoln Parkway) REASON FOR SALE: By order of the Honorable Judge Joan A. Lloyd  United States Bankruptcy CourtWestern District of Kentucky, Case #19-11177-JAL, David C. Owen and Mary A. Owen, Debtors in Posses-sion, have commissioned Harned Auctioneers to sell the following described property under the hammer!! REAL ESTATE: Selling one of the most productive and improved agricultural farms in northern Hart County.
Improvements Included 208' X 53' feeding barn w/adjacent 69.5' X 31' feed storage barn (including 33' X 31' concrete floor for grain storage next to a large silo), 47' X 48' tool shed, 54' X 28' tool shed, 64.5' X 64' tool shed w/52' X 14,7' side shed, 24' X 48' shop w/concrete floor, 29' X 55' hay barn, 82' X 74.9', stock barn, 28' X 126' tool shed (needs repair), a 64.5' X 48' stock and hay barn, approx. 6000 BU, grain bin, and some perimeter fencing for cattle.
Land contains approx. 120 acres in all ( new survey under way) of which approx. 60 acres is cropland, approx. 20 acres in woodland, approx. 5 acres in farmstead areas including access roads, with balance in scattered pasture, scattered shade, natural drains, Cropland consists of top quality Sonora, Grigs-by & Gatton soils ideal for harvesting high yielding corn & soy beans every year. Property has a 56.71 Ac. Soybean base and a 22.78 Ac. corn base according to Hart Co FSA office. Farm has approx. 3410' R.F. on Hammonsville School Rd w/county water along Hammonsville School Rd and has 1090' R.F. on Paul Heath Rd. Real Estate will sell in 16 Tracts ranging in size from 3.1 Acres to 13.5 Acres.
THE TRACTS: Tract #113.5 Ac. - 74' road frontage (R.F.) on Paul Heath Road (PHR) - app 40% wood-edapprox. 40% croplandbalance pasture. Tract #23.2 Ac. 353' R.F. on PHR Approx. 40% in grassbalance wooded. Tract #33.2 Ac. 340' R.F. on PHR approx. 60% scattered pasture & trees balance wooded. Tract #43.1 Ac.323' R.F. on PHR and 599' R.F. on Hammonsville School Road (HSR) - scat-tered shade treesbalance in grass. Tract #53.2 Ac.289' R.F. on HSR - approx. 20% wooded balance in grass. Tract #69.3 Ac.180' R.F. on HSR - approx. 15% woodedbalance grasspond. Tract #79.1 Ac.198' R.F. on HSR - approx. 15% woodedbalance grasspond. Tract #88.2 Ac.180' R.F. on HSR - approx. 10% woodedbalance cropland & pasture. Tract #99.6Ac.266' R.F. on HSR - approx. 15% woodedbalance pasture & cropland. Tract #109.5 Ac.229' R.F. on HSR - ap-prox. 30% woodedbalance pasture & cropland. Tract #119.2 Ac.256' R.F. on HSR - approx. 15% woodlandbalance pasture & cropland. Tract #126.4 Ac.459' R.F. on HSR - large scattered shade treesall in grass47' X 48' toolshed, 28.3' X 54.5' toolshed, some perimeter fencing. Tract #1312.9 Ac.55' R.F. on HSR - approx. 50% woodedbalance pasture & cropland, 64.5' X 64' toolshed, 24' X 28' shop, 29' X 55' hay barn, 82' X 74.9' stock barn, 28' X 126' toolshed. Tract #145.2 Ac.279' R.F. on HSR - all clearcropland & grass208' X 53' feeding barn w/adjacent 69.5' X 31' feed barn, large silo, 6000 BU grain bin. Tract # 158.7 Ac.272' R.F. on HSR - approx. 15% woodedbalance cropland & grass. Tract #169.8 Ac.148' R.F. on HSR - mostly clearpasture and cropland64.5' X 48'combination stock & hay barn. TERMS: 20% down day of sale in the form of cash, cashier's check, or personal check with cur-rent bank letter of credit addressed to Harned Auctioneers, LLC. -Balance on or before 60 days w/ delivery of deed. A 10% Buyers Premium will be added to all winning bids. TAXES: Pro-rated to scheduled closing date. POSSESSION: w/deed. OWNERS: David C & Mary A Owen, Debtor's in Possession. In an abun-dance of caution, the CDC protocol for the COVID 19 virus, will be followed throughout this auction.
Inspections: SUNDAY'S DEC. 6 & DEC. 13 @ 24 PM EST.
THURS., DEC. 17 @ 3:37 PM EST