SOLD FOR $176,550!!!

ABSOLUTE AUCTION
SATURDAY – NOVEMBER 9th, 2024 – 10:30 A.M.
ESTATE OF BARBARA & DARRELL LANHAM
HOME – GARAGE – CARPORT – BARN – POND
10.42 ACRES (+/-) – 4 TRACTS
330 HIGHWAY 243
GRAVEL SWITCH, KY 40328

AUCTIONEER’S NOTE

This neat property is nestled in eastern Marion County on 10.42 acres (+/-) in the beautiful Gravel Switch area of Central Kentucky…
Close to the Boyle County & Casey County lines…Just a short drive to Danville, Lebanon, Liberty & Lexington!
You get the best of both worlds…Great country living featuring gorgeous panoramic views of the surrounding countryside…
Close to all the conveniences of several towns!  Plus…The neighbors in the back of this property in the Rollertown Cemetery are extremely quiet!
Note:  The last time this property was offered on the market was 1996!
You don’t want to miss this opportunity to purchase your own little slice of paradise…
AT ABSOLUTE AUCTION ON SATURDAY, NOVEMBER 9th, 2024 AT 10:30 A.M.!

TRACT 1 – HOME, GARAGE, CARPORT, OUTBUILDING & .75 ACRE (+/-) w/ 384′ OF FRONTAGE ON HIGHWAY 243
NOTE:  TRACT 1 HAS ITS OWN ACCESS ON HIGHWAY 243

This nice home has much to offer…Including 1,363 square feet (+/-) of living area featuring 1 bedroom downstairs & 3 rooms upstairs all used as bedrooms, also a great looking recently remodeled full bathroom, an open eat-in kitchen & den area (includes the dishwasher), a cozy living room highlighted by a brick fireplace w/ an ornate wooden mantle…Plus a side entrance which leads to a mud room/utility room!  As an added bonus…Almost all the windows are double pane replacement windows for extra energy efficiency!  The home also offers a covered front porch which is perfect for relaxing & just watching the world go by…Not to mention a couple of nice shade trees in the front yard!  We’re not even close to being done yet…Tract 1 also features a handy concrete block 60′ X 30′ detached garage/man cave with an overhead door, concrete floor, water, electricity & a full bathroom…This building offers plenty of storage, a workshop & an entertainment area!  Note:  The garage/man cave has a separate electric meter from the home.  Tract 1 also features a 22′ X 22′ carport/pavilion with a concrete floor & a 16′ X 8′ outbuilding w/ an attached 8′ X 8′ chicken coop (this building also has electricity)!

 

TRACT 2 – BARN & .82 ACRE (+/-) w/ 212′ OF FRONTAGE ON HIGHWAY 243
NOTE:  THE ACCESS FOR TRACT 2 IS ON THE ROLLERTOWN CEMETERY COUNTY ROAD

Tract 2 offers a well constructed 32′ X 40′ barn w/ stalls & loft storage…Plus a frost-free hydrant!  This would make a great companion tract with Tract 1.  Note:  Currently Tract 1 (Home Tract) and Tract 2 (Barn Tract) share the same electrical & water service.  If Tract 1 and Tract 2 are purchased by separate entities, the Purchaser of Tract 2 must make arrangements to provide their own electrical & water service for Tract 2, separate from Tract 1, immediately after closing on Tract 2.  Electrical service is provided by Inter-County Energy & and water service is provided by the Marion County Water District.

 

TRACT 3 – 4.22 ACRES (+/-) w/ 415′ OF FRONTAGE ON HIGHWAY 243
NOTE:  THE  ACCESS FOR TRACT 3 IS ON THE ROLLERTOWN CEMETERY COUNTY ROAD

Tract 3 does have a barn located at the top of the hill & a small outbuilding.  Quite honestly…The barn has certainly seen better days…However it is currently used for hay storage.  Tract 3 could possibly be the perfect place for your dream home with some amazing views & plenty of room to spread out! Tract 3 would make a great companion tract for Tract 1 and/or Tract 4.

 

TRACT 4 – 4.63 ACRES (+/-) w/ 470′ OF FRONTAGE ON HIGHWAY 243
NOTE:  THE  ACCESS FOR TRACT 4 IS ON THE ROLLERTOWN CEMETERY COUNTY ROAD

 Tract 4 offers rolling pasture land with a small pond in the lower corner…This tract is perfect for livestock!
Tract 4 would make a great companion tract for Tract 2 and/or Tract 3.

ORDER OF SALE
1st OFFERING
To be offered AS A WHOLE with all 4 tracts grouped together totaling 10.42 acres (+/-), per the official survey.

2nd OFFERING – ROUND 1
TRACT 1 to be offered individually BY THE TRACT.

2nd OFFERING – ROUND 2
TRACT 2, TRACT 3 & TRACT 4 to be offered BY THE TRACT utilizing the ‘PICK & CHOOSE‘ auction method.
The highest bidder for a tract will have the priority to select Tract 2, Tract 3, or Tract 4, or any combination of those tracts, at that price per tract.
This process will continue until all 3 tracts have been selected in this offering

NOTE
THE AUCTION IS NOT FINAL UNTIL BOTH OFFERINGS HAVE BEEN COMPLETED.
THE REAL ESTATE WILL BE SOLD PER THE OFFERING REALIZING THE MOST MONEY FOR THE SELLERS.

TERMS & CONDITIONS
* A 10% Buyer’s Premium will be added to all winning bids to determine the final sales and purchase price.

* Any Purchaser of a real estate tract will pay a 20% deposit of the final sales and purchase price the day of the auction.
The balance will be due on or before December 9, 2024.

* The 2024 Real Estate Property Taxes to be paid by the Sellers.

INSPECTIONS
* The real estate & all improvements are being sold ‘AS IS‘ with no warranties, guarantees, or assumptions of liability, including environmental hazards.
All inspections are invited & encouraged.  For any inspections of this property, please call The Lancaster Agency, Inc. at (270) 692-6748,
or Charles Lancaster, Jr. at (270) 692-7270.

NOTE
The home was built prior to 1978 and may have the potential for lead based paint.
Lead based paint inspection, and any other inspections desired by prospective purchasers,
must be completed prior to the auction.

ANNOUNCEMENTS MADE THE DAY OF THE AUCTION SUPERSEDE ANY AND ALL PRIOR ANNOUNCEMENTS, DOCUMENTATION,
BROCHURES, SIGNS, ADVERTISING, OR STATEMENTS, WHETHER ORAL, WRITTEN, OR OTHERWISE,
REGARDLESS OF WHO MADE THEM OR WHEN THEY WERE MADE.

CHARLES E. LANCASTER, JR. – PRINCIPAL BROKER / AUCTIONEER
CHARLES E. LANCASTER, SR. – AUCTIONEER
IRVIN ABELL – APPRENTICE AUCTIONEER
TREY ABELL – APPRENTICE AUCTIONEER