HENRY COUNTY FARM AUCTION
SHERWOOD ACRES FARM
98 ACRES – 3 TRACTS
EXCELLENT LIVESTOCK FARM
BUILDING SITES-TILLABLE LAND-PASTURE
ONLINE ONLY-ENDS JUNE 1
ADDRESS: 710 Sulphur Road, New Castle, KY
Located just 10 miles from I-71 and only a 35 min drive from Metro Louisville!
REAL ESTATE: Sherwood Acres Farm is located in Henry County just 25-30 northeast of Louisville, Ky. This meticulously well-maintained farm features: 98+ acres of which 30+/- acres are crop land, 30+/- acres of rolling pasture/open land that are fenced by four-board black fence and remainder in woods, 2000’+/- of Hwy 157 road frontage, & three separate entrances. Improvements include: like new 2013 custom built 3BR/2BA log home with attached garage & 60’x60’ barn. This farm has been built with keeping conservation in mind, improvements include: livestock watering systems, livestock feeding pads, alley way systems between pastures, split fields grazing plans, & easy livestock handling layouts. This property is also well suited for recreation & hunting with a large selection of deer, turkey, & rabbits!
AWARD RECOGNITIONS: A rare opportunity to purchase an award winning 98+ acre farm! This farm has received the prestigious Leopold Conservation Award as well as the Environmental Stewardship Award recognizing outstanding stewardship practices and conservation achievements of U.S. cattle producers from across the nation. Winners are commended for their commitment to protecting the environment and improving fish/wildlife habitats while operating profitable cattle operations. Those chosen have the desire to leave the land in better shape for future generations while also inspiring the next generation of land stewards. Visit “view documents” button for related information & details.
NATURAL WATER INFO: The farm sits in the Drennon Creek & Lower Kentucky River watersheds, both significant tributaries for the Louisville water supply. Significant streams dissect the land and the impact of management decisions on these streams dictates the management strategies of the farm operation.
TRACT #1 (710 Sulphur Rd): 26.242 +/- acres & improvements. Home features: 2013 custom built 1.5 story log home, 3BR/2BA, 1850 SF, finished walkout basement with family room, laundry, appliances, hi-speed internet availability, open kitchen, wood-burning stove, & two full length covered porches, & single car attached garage. NOTE: existing furniture & wall mounted TV is not included. Additional features: 60’ x 60’ wood sided tobacco barn, four rail black board fencing, livestock watering systems, livestock feed pads, & 510’ +/- of frontage on Sulphur Rd.
TRACT #2 (604 Sulphur Rd): Includes 58.822 +/- acres with 590’ +/- of frontage on Sulphur Rd. Land features: includes two four rail black board fenced pastures with livestock watering systems, cropland, woodlands for hunting, & excellent home sites.
TRACT #3 (904 Sulphur Rd): Includes 13.040 +/- acres with 923’ +/- of frontage on Sulphur Rd. Land features: includes a four rail black board fenced pasture with livestock watering systems, woodlands for hunting, & excellent home sites.
ROAD FRONTAGE/ACCESS: This property has 2000’+ of paved road frontage on Highway 157. Each tract has a separate entrance and individual water meter.
MINERAL RIGHTS: All mineral rights are included in this property.
WILDLIFE/HUNTING INFO: This property is well suited for hunters and wildlife enthusiasts with daily viewing of turkey, rabbit, and deer!
USDA EQIP 2014 INFO: Please note that new owner will be eligible for the USDA cost share practices in the amount of $15,000 +/-. For details, visit “view documents” button for details.
POSSESSION/CLOSING INFO: Possession at closing on all real estate; closing MUST occur by July 1! Tillable acreage is currently leased, and sells subject to summer harvest rights.
EQUIPMENT ON SITE: Existing livestock equipment located on site is not included in the sale of the real estate (includes crowd tub, chute, handling equipment, & bulk bins.
UTILITY PROVIDERS: Electric: Kentucky Utilities, Water: Henry County Water Company, Telephone/Internet: AT & T
INSPECTION: #1 Wed May 11 5-6 PM & #2 Fri May 27 5-6 PM
LEGAL DESCRIPTION: Details coming soon.
TAXES: $ 1,796.37 annual (based on current owner exemptions)
PARCEL ID: Details coming soon.
REFERENCE POINTS: Louisville KY-35 miles; Shelbyville KY-19 miles; New Castle KY-2.5 miles; & just 4 miles from the well-known Smith Berry Winery.
DIRECTIONS: From I-71 Exit #28 (KY-146/Sligo/New Castle), SE on KY-153 0.3 miles, left on KY-146 7.1 miles, then left on KY-157/Sulphur Rd 1mile to site.
OWNER: Sherwood Acres, LLC
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Terms and Conditions of Online Only Real Estate Auction<br>
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1. Conditions of Sale: This online only auction is selling subject to owner’s confirmation and is not contingent on or subject to financing, appraisal, survey, or inspections of any kind, as agreed to by bidders at registration prior to bidding and specified in the attached Agreement to Purchase Real Estate. Seller and Buyer(s) shall pay their share of the costs of closing. Buyer acknowledges they are buying property “as-is”, “where-is”, without inspections or contingencies. Buyer(s) will rely on his/her own judgment and inspection. By signing an offer, Buyer(s) will be waiving the 10-day lead based paint test.<br>
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2. Closing: A Buyer’s Premium of 10% is added to the high bid. Please take this into consideration when bidding. At the close of the auction, the successful Bidder will be emailed an Agreement to Purchase Contract to be executed and returned to Beckort Auctions, LLC within twenty-four (24) hours of the completion of the auction along with 10% deposit of the total contract price. If method of payment of the 10% earnest deposit is made by credit card, there will be a 3% fee charged. The entirety of the remaining balance is due at closing on or before Thirty (30) days from Auction Day. Purchaser will be responsible for all wire transfers. Per the Contract, time is of the essence; you should proceed to closing within Thirty (30) days. Possession shall be given to the successful Buyer(s) at closing, seller will provide deed preparation.<br>
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3. Liquidated Damages: Successful Bidders not executing and returning their Contract with Earnest Money deposit within Forty Eight (48) hours of the conclusion of the auction will be considered in default. If your closing is delayed for any reason, by you, as purchaser, or other parties working on your behalf, including any lender you involve, you may be declared in breach of this contract, forfeit all deposits made and could additionally be liable for any and all costs incurred by Seller and Beckort Auctions, LLC incurred in a subsequent resale of the property. If such action occurs, Beckort Auctions LLC hereby has the right to disperse the deposit as stated in the listing agreement and the buyer has no claims to such money or property being sold. Liquidated damages are to cover cost of auction, cost incurred by seller, labor cost and additional cost of auction as not defined in this agreement. These liquidated damages do not restrict the seller from suing the buyer for performance damages and/or any additional damages the seller suffers by the default of the buyer.<br>
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4. Back-Up Bids: If you are not the successful bidder on the real estate and wish to make a back-up bid in case of default by the high bidder, please see Brian Beckort to receive a Back-Up Bidder Form.<br>
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5. Other Conditions: There are no contingencies to this sale (i.e., financing, appraisal, repairs, or inspections). Therefore, you should be pre-qualified by a lender prior to bidding if you require financing.<br>
Beckort Auctions, LLC reserves the right to remove or cancel the bids and or bidding rights and privileges of any party at any time deemed not to be in the best interest of the seller. The identity of all bidders<br>
will be verified, bidding rights are provisional, and if complete verification is not possible, Beckort Auctions LLC will reject the registration, and bidding activity will be terminated.<br>
All Beckort Auctions, LLC Online Only Real Estate Auctions are timed events that have an auto-extend feature. Any bid placed within 10 minutes of the auction ending will automatically extend the auction for 10 minutes from the time the bid is placed. Example: If an auction scheduled to end at 6:00 p.m. receives a bid at 5:59 p.m., the close time of the auction automatically extends to 6:10 p.m. The auto-extend feature remains active until no further bids are received within the 10 minute time frame.<br>
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6. Real Estate Brokerage Services Disclosure: Beckort Auctions LLC and their representatives are Exclusive Agents of the Seller(s). We do not represent the buyer(s) in any manner and we must be completely loyal and faithful to our client. Beckort Auctions LLC has an exclusive right to sell listing for this transaction. All negotiations must be conducted through Beckort Auctions LLC.<br>
A one percent bid price commission, not to include any buyer’s premium if applicable, is available to properly registered Brokers/Agents. You must pre-register your Buyers with Beckort Auctions, LLC twenty-four (24) hours before the end of the auction by filling out and recording with Beckort Auctions a Broker Registration Form. Agents who fail to pre-register their Buyer will not be recognized as Buyer Agents and will not be entitled to a co-op commission. Broker/Agent cannot act as a Buyer and Broker/Agent on the same transaction. Please review the Broker Registration form for eligibility.<br>
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7. Beckort Auctions LLC Involvement in this Contract: The seller and buyer hereby agree that Beckort Auctions LLC is a part of this contract and shall receive compensation as stated in the agreement hereto or as stated in the listing agreement hereby made a part of.<br>
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8. Restrictions: Real Estate is sold subject to any and all existing matter of record, and all easements, building use or zoning laws and regulations. Taxes and assessments will be pro-rated to the closing date.<br>
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9. Additional Auction Information: All information published, announced or contained herein was derived from sources believed to be correct; however, it is not guaranteed by the seller or the auctioneers. Personal on-site inspection of all property is recommended. The failure of any bidder to inspect, or to be fully informed as to the condition of the property, will not constitute grounds for any claim or demand for adjustment or withdrawal of bid, offer or deposit money after its opening tender. This includes but is not limited to public information such as easements, restrictions, zoning, right-of-ways, or any other information that can be obtained as public record in the appropriate county court house concerning subject properties.<br>
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10. Technical Issues: In the event there are technical difficulties related to the server, software, internet or any other online auction-related technologies, Beckort Auctions, LLC reserves the right to extend bidding, continue the bidding or close the bidding. Neither the company providing the software, nor Beckort Auctions, LLC, shall be held responsible for the failure of the software to function properly for any reason.<br>
REVISED 05/21/2013