390 Norris Loop Loretto, KY 40037

ABSOLUTE AUCTION SATURDAY - NOVEMBER 20, 2021 - 10:30 A.M. ESTATE OF ESTELLE NORRIS BRICK HOME w/ BASEMENT 103.37 ACRES (+/-) OFFERED IN 10 TRACTS 390 NORRIS LOOP LORETTO, KY 40037 THE LAND - 103.37 ACRES (+/-) WITH 2 PONDS - OFFERED IN 10 TRACTS This great laying spread of land has it all...Starting with an awesome location in the gorgeous Loretto/Holy Cross area of Marion County in central Kentucky close to Maker's Mark Distillery, also Bardstown & just an hour (+/-) away from both Louisville (I-65) & Lexington (Bluegrass Parkway)...Plus it is located in the award-winning West Marion Elementary School District! The farm offers excellent soil compositions (Please see the Soil Map for more details) & a Preliminary Septic System Site Evaluation has been completed on the residential building lots - Tracts 2 through 6. All five tracts have been deemed feasible for modified gravel & pipe or chamber systems (Please see the Marion County Environmental Services Preliminary Site Evaluation Report for more details). Note: As another added bonus...The Marion County Water District has installed a 3" water line along Norris Loop in front of Tracts 1 through 8 giving easy access to water for all of those tracts. The home tract (Tract 1) will be connected to this water line prior to the auction date (Please see the Marion County Water District Spec Sheet for more details). Inter-County Energy electrical service is also easily accessible along Norris Loop. On August 11, 2021 Marion County Road Department Supervisor, Jimmy Rakes approved entrances for Tracts 2 through 8 on the Norris Loop county road. THE HOME This neat brick home is centrally located on the farm right on the Norris Loop asphalt county road in the northwestern corner of Marion County. The home features 1,255 square feet of living area with 4 bedrooms, a full bathroom at the end of the hallway, an eat-in kitchen w/ a pantry (includes the refrigerator & propane gas stove), an L-shaped living room & a full unfinished basement w/ a shower & toilet...The basement offers plenty of storage space & a great place for shelter during inclement weather! The home has had many updates throughout the years including the central heating & air conditioning system (new air conditioning unit in 2010 & a new furnace in 2015) & updated plumbing...Plus energy efficient replacement double pane/double tilt windows throughout the home & much more! Outside the home offers an attached carport w/ a concrete driveway, several nice shade trees & magnificent views of the entire farm from the back yard! Note: As an added bonus...A totally new septic system w/ a 1,000 gallon septic tank & lateral lines has been installed on the home tract (Tract 1). THE 10 TRACTS Tract 1: .93 Acre (+/-) w/ Home & New Septic System Tract 2: .76 Acre (+/-) Residential Building Lot Tract 3: .93 Acre (+/-) Residential Building Lot Tract 4: .93 Acre (+/-) Residential Building Lot Tract 5: .93 Acre (+/-) Residential Building Lot Tract 6: .92 Acre (+/-) Residential Building Lot Tract 7: 19.06 Acres (+/-) Agricultural Land w/ 50' of Road Frontage on Norris Loop Tract 8: 21.54 Acres (+/-) Agricultural Land w/ a Pond & 50' of Road Frontage on Norris Loop Tract 9: 30.96 Acres (+/-) Agricultural Land w/ a Pond & Easement Access Tract 10: 26.41 Acres (+/-) Agricultural Land w/ Easement Access ORDER OF SALE 1st Offering To be offered as a whole, Tracts 1 through 10 grouped together totaling 103.37 acres (+/-). 2nd Offering Round 1 - TRACT 1 (Home Tract) to be offered individually BY THE TRACT. Round 2 - TRACTS 2, 3, 4, 5 & 6 to be offered BY THE TRACT utilizing the 'pick & choose' auction method. The highest bidder will have the priority to select the tract, or contiguous tracts desired at that price per tract. Round 3 - TRACTS 7, 8, 9 & 10 to be offered BY THE ACRE utilizing the 'pick & choose' auction method. The highest bidder will have the priority to select the tract, or contiguous tracts des