Absolute Auction of 75 Acres, 2 Houses - 2 Mobile Homes & Equip.

Absolute Auction

Mr. Monty Sewell’s

73 Acres m/l in Tracts

Farm Equipment & Personal Property

Saturday, May 19, 2012 at 1:00 p.m.

705 Buncombe Wheeldon Road, Eubank, KY

Directions: In Science Hill, turn off Highway 27 onto Highway 635 and proceed to Buncombe Wheeldon Road and turn right. Proceed approximately 7/10 mile to property on both sides of road. Auction signs are posted.

Mr. Sewell is moving to Virginia to be closer to family and has authorized our firm to sell this well-located farm with rental income plus equipment and personal property at absolute auction.

Tracts 1 and 2: These tracts contain .70 and .63 acre, respectively, and each tract is improved with a mobile home that is currently rented. Tract 1 has 129 feet of frontage along Buncombe Wheeldon Road and the mobile home on this tract offers living room, kitchen with appliances, 2 bedrooms, 2 baths, and central heat and air. Tract 2’s mobile home offers living room, kitchen with appliances, 3 bedrooms, 2 baths, and central heat and air as well. Tract 2 is accessed by easment.

Tract 3: Contains 15.93 acres m/l accessible from Bumcombe Wheeldon Road. This tract is ideal for farmland as it is all cleared and lays well.

Tract 4: Contains 5.20 acres, all cleared, with approximately 544 feet of road frontage.

Tract 5: Consists of .51 acre and is improved with the pictured home that is presently rented. The home offers living room, eat-in kitchen, 3 bedrooms, and full bath. It has ETS heat and a shingle roof and utilizes city water. This tract fronts Buncombe Wheeldon Road approx. 218 feet.

Tracts 6, 7 and 8: These tracts contain 1.8 acres m/l each and are all cleared tracts with 193 feet of frontage each along the road. These would make excellent tracts for building or for placing a mobile home.

Tract 9: This tract contains 23.47 acres which is partially cleared and partially wooded. This tract is improved with a barn and 2 sheds and would be ideal for farming or cattle.

Tract 10: This tract is improved with the primary residence and has 130 feet of road frontage. This is a vinyl siding home offers kitchen with oak cabinetry, glass top range with oven and a dishwasher, and also offers a separate dining room. The living room has a wood burning stove, plus there are 2 bedrooms and 2 full baths on the main level of the home. The upstairs has 2 rooms that could be finished for bedrooms. The home’s full basement is partially finished with a like-new sauna that remains with the home. In addition there is a large covered back porch which is ½ screened in, plus a big front porch as well. The home has central gas heat and central air. The gas tank belongs to the property. There is also a 2 car detached garage that has concrete floors; electric and a great deal of storage.

Tracts 11 and 12: These tracts contain 6.64 and 5.77 acres, respectively with 321 and 327 feet of frontage along Buncombe Wheeldon Road, respectively. Here are two well-laying, all cleared tracts that are ideal for building or for a mini farm.

Tracts 13 and 14: These tracts contain 4.92 acres and 3.24 acres, respectively, and offer 375 and 300 feet of road frontage, respectively. These are cleared, well-laying tracts as well and are also ideal for building a new home in a great location.

Altogether the farm offers 72.99 acres m/l with extensive frontage along Buncombe Wheeldon Road.

Farm Equipment & Tools: 2350 John Deere Tractor (6700 hours) with front end loader * MW 7 ft. HC 577 wheel disc * Post hole digger/ auger * New Idea rake *

208 Woods 10 ft. bushhog (like new) * New Holland Hay Baler * hay elevator * small cattle or utility trailer * 10 ft. wheel disc * 6 ft. grader box * carryall * cultivator * hay tetter * 3 hay wagons * wagon * 2 bottom plow * hay forks * 6.5 HP Troybilt tiller * Poulan chainsaw * 3 gas stoves * ladder * dolly * weed eater * garden tools * Craftsman hand drill * yard sprays * lots of electric tools * nails, screws, bolts * lots of hand tools * heaters * EZ unload for truck * fence posts * electric fence box * 4 HP compressor * booms * cane hook * tamping bar * tobacco setter * plastic & metal barrels * water tanks * lots of gates * wheel barrow * head chute * 55 gallon spray *

Personal Property: Whirlpool side-by-side refrigerator * Whirlpool washer & dryer * GE microwave * chairs * stools * fireplace set * adding machine * radio * reel to reel camera * baby cribs * books * weight bench * canning jars * sausage grinder * Health Rider exercise machine * picnic table * stove * churn * vacuums * flatware * cookware * dresser * rollaway bed * bed * desk * dehumifier * grill * bicycle * coolers * tomato cages * speakers * plumbing supplies * water hoses * child’s swing set * electric cords * porch swing * porch furniture * lots of firewood * Christmas items *

Auctioneer’s Note: 73 Acres m/l, a primary residence, plus 3 rental properties, all just minutes to Science Hill! If you’ve been looking for any of these in a great location, you don’t want to miss this opportunity on Saturday, May 19 at 1:00 p.m.

TERMS: 20% deposit with the balance due in full within 30 days for the real estate. The equipment and personal property items must be paid for in full. We will accept cash, check or VISA/Mastercard in full.

Note: This will be a multi parcel absolute auction giving each and every prospective purchaser the opportunity to purchase any tract or combination of tracts.

Note: The purchaser of a single-family residence built before 1978 has a period of ten days to inspect the property for the presence of lead based paint. The inspection period is May 8^th through May 18^th. The successful purchaser must sign a waiver of the ten-day post inspection period.

The information contained herein is believed to be correct to the best of the auctioneer’s knowledge. The information is being provided for the bidder’s convenience and it is the bidder’s responsibility to determine the information contained herein is accurate and complete. The properties are selling in their as-is condition with no warranties expressed or implied.

Announcements made day of auction take precedence over printed matter.

For additional information or plat copy, contact the auctioneers.