"POWERFUL MARKETING, OUTSTANDING PROFESSIONALS, AND SUPERIOR SERVICE GIVE THE AUCTION TEAM THE WINNING EDGE OVER THE COMPETITION!"

SOLD AT
UNITED STATES BANKRUPTCY TRUSTEE'S AUCTION
TUES., JAN. 9...6:07 PM
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MATTINGLY FARM SELLS
TO 3 WINNING BIDDERS FOR $390,376.53 -
8 TRACTS ON THE MANDELL BANKRUPTCY AUCTION
SELLS TO 3 WINNING BIDDERS FOR $287,558.26 

A large crowd of “bidders and onlookers alike,” gathered on Tuesday evening at the Days Inn in Bardstown, KY  to bid on the Mattingly  Farm – 75.771 acres in 4 tracts – and the Mandell Bankruptcy Farm Auction  – 42.058 acres in 8  tracts. The (2) sales were held inside with the use of a power point presentation to avoid any cool or wet weather for the auction event.
        Volume buyers at the Mattingly Absolute Auction sale was Charles B. & Karen Dick of Bardstown, buying Tracts 2 & 3 – containing 44.575 acres for $220,646.25, followed by Charles C. & Kristen L. Blincoe of Cox’s Creek, purchasing Tract 4 – containing 19.829 acres for $100,334.74, and  Alburn l. Rooks, of Bardstown, buying tract 1 – containing 11.367 acres for $69,395.54.
        Volume buyers at the Mandell Bankruptcy Auction sale were Roger A. Ballard, of Bardstown, KY  purchasing Tracts 5, 7, & 8 – containing 11.702 acres in all and house for the total purchase price of $ 130,075.00; followed by James H. Hornback and David M. Hall of Mt. Washington, KY , buying Tracts 1,2,3, & 4 – containing 24.135 acres in all for the total purchase price of $ 97,948.29; and Land-ville, Inc., of Springfield, KY  purchasing Tract 6 –  containing 6.221 acres total for the total purchase price of $ 59,534.97
        “Land in small tracts is continuing to be in great demand throughout central KY despite pressure in the market from increasing gasoline prices and  interest rates – 2007 may be your best opportunity to market your land with the  Auction Team for the highest price in the next 5 years,” said Billy Frank Harned.

The sales were handled by the Century 21 Realty Group Hagan Auction Team of Bardstown specializing in farm real estate and equipment auctions throughout Central Kentucky Powerful Marketing,
Outstanding Professionals & Superior Service Give The Auction Team The Winning Edge Over The Competition. Call Us About Your Next Auction… We Make Cash Flow!
We Want Your Business!
For Award Winning Advertising Of Your Next Sale
Call Billy Frank Harned 348-6222 or
1-800-272-6223. 502-348-6222 • 1-800-272-6223
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 AUCTIONEERS NOTE:  THIS AUCTION WILL BE HELD AT THE DAYS INN LOCATED AT THE INTERSECTION OF 31E AND THE BG PARKWAY, BARDSTOWN, NELSON COUNTY, KY
 


 
   

Location: Washington County, KY. Fredericksburg/Croake Station Communities – From Springfield take US HWY 150 west approx. 7 miles to Valley Hill Road – Turn right onto Grundy Home Road, and go approx. 1.5 miles to the property at Cartwright Creek, and Grundy Home Road, and Valley Hill Road intersection – 17 miles east of Bardstown vial US 150 and Valley Hill Road - SIGNS POSTED!!

Reason for Sale: By order of the Unites States Bankruptcy Court – Western District of Kentucky – Case #05-36609 – Entered on October 27, 2006, Michael E. Wheatley United States Bankruptcy Trustee for Kenneth H. Mandell has Commissioned Century 21 Realty Group Hagan Auction Team to sell the following described property under the hammer! Real Estate: Selling an outstanding and historical farm located on the banks of picturesque Cartwright Creek and only 1.5 miles from US 150 – a major of east/west corridor from business and travel. Improvements include a splendiferous plantation style home (brick/frame construction) with great historical value, 3 barns, 3 ponds, a large amount of board fencing (with run in stalls for horses), balance of woven wire fencing, and some rock fencing. Land consists of 42 acres in all, is now being surveyed has approx. 35 acres in grass, some scattered shade treed areas, with balance in farmstead and creek areas. Farm has long road frontage on Valley Hill Road, county water along all road frontage and will sell in 8 tracts ranging is size from 1.253 acres to 7.22 acres.

The Tracts: Tracts 1,2,3 & 4 – ranging in size from 5.761 acres to 6.719 acres – all have road frontage (R.F.) on Valley Hill Road – all tracts are in grass, and have panoramic views of the Valley Hill Road / Cartwright Creek Valley; Tract 5 – 3.184 acres – 135.08’ R.F. on Valley Hill Road (VHR) – Historical Glenmar Bed and Breakfast Home – beautiful treed driveway – matures shade and landscaping;

Tr a c t 6 – 6 . 2 6 6 acres – 208’ R.F. on VHR – all in grass – splendid living quarters – 2 barns – board fencing – goes great with Tract 5;  Tract 7 – 7.22 acres – 208’ R.F. on VHR – all in grass – historical barn – pond – fencing.

Terms: Real Estate – 20% down day of sale in the form of cash, cashier’s check or personal check (with current irrevocable bank letter of credit addressed to Century 21 Realty Group Hagan – if not known to our sales personnel – NO EXCEPTIONS) – Balance on or before 30 days with delivery of deed. A ten percent (10%) buyer’s premium will be added to all winning bids to determine the final selling price.

Taxes: Prorated to date of deed.                                                 Possession: w/deed

Owners: U.S. Bankrutpcy Trustee, Michael E. Wheatley for Kenneth H. Mandell
               – Case # 05-36609
 

AUCTION #: 634

FOR PRESALE INFORMATION CONTACT:

BILLY FRANK HARNED
502-348-6222 OR TOLL FREE 1-800-272-6223

TRADES: Auctioneers will consider trades of other real estate or equities as a portion of the purchase price for this property, provided trades are cleared in advance of the auction. Announcements day of sale take precedence over advertising stated here.