VIEWING: View land anytime at your leisure or OPEN HOUSE SATURDAY JULY 5TH from 10 AM to 12 Noon CDT, with agents onsite for any questions you may have.
Location: 2822 East Hwy 80, Russell Springs, KY in the Fairview Community near the Intersection of East Hwy 80 and KY 910, within walking distance to Fairview Plaza Grocery, Bank, Church, Daycare & More – Located just outside of town & close to Salem School, on the Pathway to Progress to Lake Cumberland and just minutes from the Cumberland Pkwy Eli Exit.
INFO LINK:
https://goldenruleauction.com/auction-details.php?id=120
ONCE-IN-A-LIFETIME LAND BUYING OPPORTUNITY!!!
OLD-FASHIONED, LIVE-ON-THE-FARM
ABSOLUTE ESTATE AUCTION
No Minimums! No Reserves! Property Sells Regardless of Price!
SATURDAY, JULY 12TH at 10 A.M. CDT
JUST MINUTES FROM TOWN! JUST MINUTES TO LAKE CUMBERLAND
112 Acres, m/l, Offered in 35 Tracts & ANY Combinations! Tracts Range in Size from 1.5 Acres, m/l, to nearly 10 Acres, m/l & ALL SIZES in Between Featuring Beautiful, Practically Level Land - Mostly Cleared w/ Some Woods, Streams, Small Pond, Barn, Handy-Man Brick House & Mobile Home.
Auction Held for The Hollis “Cee” and Kay Stephens Estate
Property Overview: Some of the most beautiful & fertile land in Russell County. Property is practically level, excellent Hwy 80 frontage near Hwy 910 intersection, newly installed dead-end road offers seclusion and privacy on main part of property, modest restrictions for protection of your investment on most tracts, 3 unrestricted tracts, 4 water wells, county water & electric along Hwy 80 w/ easements in place to run to any tract. Also, county water & electric near back of property, along Fairview Church Rd.
MANNER OF SALE: This is a live, on-site auction, with absentee bidding available by contacting auction company in advance. Tracts of land will be auctioned on an individual basis & then in ANY combinations using Golden Rule-Wilson’s Multi-Parcel Selling System allowing anyone to bid on ANY tract or combination of tracts at any time. This allows bidders to make or break a combination, ultimately allowing purchasers to bid only on the tract / tracts they want and allowing individual tract bidders the ability to defend their bids!
Tract #1 - 1.40 AC, m/l
Tract #2 - 1.45 AC, m/l
Tract #3 - 2.34 AC, m/l
Tract #4 - 1.91 AC, m/l
Tract #5 - 1.64 AC, m/l
Tract #6 - 1.41 AC, m/l
Tract #7 - 1.40 AC, m/l
Tract #8 - 1.23 AC, m/l
Tract #9 - 1.49 AC, m/l
Tract #10 - 1.52 AC, m/l
Tract #11 - 2.49 AC, m/l
Tract #12 - 2.94 AC, m/l
Tract #13 - 3.39 AC, m/l
Tract #14 - 2.52 AC, m/l
Tract #15 - 3.04 AC, m/l
Tract #16 - 4.83 AC, m/l, Partially Wooded & Creek
Tract #17 - 4.51 AC, m/l, Partially Wooded & Creek
Tract #18 - 5.61 AC, m/l, Partially Wooded & Creek
Tract #19 - 9.28 AC, m/l
Tract #20 - 3.77 AC, m/l
Tract #21 - 3.56 AC, m/l, Partially Wooded & Creek
Tract #22 - 5.78 AC, m/l, Partially Wooded & Creek
Tract #23 - 5.87 AC, m/l, Partially Wooded & Creek
Tract #24 - 5.68 AC, m/l
Tract #25 - 6.60 AC, m/l
Tract #26 - 6.28 AC, m/l
Tract #27 - 6.87 AC, m/l, Partially Wooded & Creek
Tract #28 - 1.63 AC, m/l
Tract #29 - 1.13 AC, m/l
Tract #30 - 1.53 AC, m/l
Tract #31 - 1.31 AC, m/l
Tract #32 - 3.16 AC, m/l, w/ Large Combination Barn & Silo.
Tract #33 - 1.42 AC m/l, w/ Handy-man special 2,255 sq ft +/- Brick House & Shop. House offers 3 BDR / 1.5 BA, basement, living room w/ fireplace, kitchen, dining area, utility area, 3 mini-splits and well water. Shop is 28’ x 38’ concrete block w/ 29’ x 40’ metal addition – all with concrete floor. House needs work, but offers a nice, shaded lot and great location!
Tract #34 - 1.23 AC, m/l
Tract #35 – Located further down Hwy 80 offers 0.94 AC, m/l, w/ 1977 Monaco Mobile Home w/ addition having 3 to 4 BDR, 2 BA, kitchen, dining, living room, utility area, 3 mini-splits, county water, septic & 2 outbuildings. Needs some TLC, has nice lot.
Hollis "Cee" Stephens Land Covenants & Restrictions
1. These covenants and restrictions apply to Tracts 1 through 32. Tracts 33, 34 and 35 are not subject to these restrictions.
2. Unless agreed to by 100% of property owners of Tracts 1 through 32, these covenants and restrictions may not be waived or terminated but shall continue to run with the land and be a restriction on the use of same.
3. No single wide mobile homes allowed. No double wide mobile homes allowed.
4. All dwelling construction shall be on-site and of new materials. All dwellings shall contain a minimum of at least 1,250 square feet of heated floor space, excluding carports, basements, attached garages & porches. Pier-type foundations may be used for porches and decks, but no open-pier type foundations for the dwelling may be used. All construction must be completed within one year after construction begins. Minimum building set back distance of 30 ft from roadway easements and 10 ft on sidelines. "Barndominiums" are welcome as long as in compliance with all other provisions. New portable outbuildings are allowed, but not for dwelling purposes.
5. Restricted against junk, junk yards, salvage yards, abandoned or inoperable vehicles of any type, and total confined feed lots that would create a nuisance to a neighboring tract in this division. Normal agriculture practices for free-range cattle and horses are permitted on tracts 5 acres or larger or a combination of contiguous tracts totaling 5 acres or larger, with fences to be kept in good repair. Chickens for personal household egg consumption are permitted; however, they must be confined so not to create a nuisance to other landowners. No other livestock permitted. No commercial dog kennels or dog-boarding facilities allowed. Crop and garden planting are permitted.
6. Tracts 1, 2, 3, 29, 30, 31 and 32 are considered residential, commercial or multi-family. All other tracts are restricted against multi-family dwellings or commercial use; except, a home-based business that is operated inside the structure of the primary dwelling will be allowed.
7. Temporary RV access will be permitted on tracts 4 acres or larger or a combination of contiguous tracts totaling 4 acres or larger, not to exceed a 30-day period at any one time. Limit 2 RVs per 4-acre tract. RV limitations do not apply to commercial / multi-family tracts.
8. Property tracts to be mowed at least twice yearly, and property to be kept neat and clean in appearance. All developed lots and tracts shall conform to all state and local health sanitation regulations.
9. There is reserved a 15 ft general utility easement along all roadway easements and a 10 ft general utility easement along tract division lines as needed if the property is purchased in tracts.
10. If 100% of property owners of Tracts 1 through 32 agree to modify, change, add or delete any or all covenants and restrictions of this division, they may do so by amending, in writing, said covenants and restrictions and have recorded in the Russell County Clerk’s Office.
TERMS: REAL ESTATE: Non-refundable 10% down day of sale & balance with deed on or before 30 days. No contingencies. 2025 property taxes will be paid by the Sellers. Possession with deed. A 10% buyer’s premium will be added to the final bid to determine the final sales price. All property is sold in "AS-IS, WHERE IS". ALL SALES ARE FINAL!
AUCTIONEER’S NOTE: This farm has been in the Stephen’s Family for many years. The location is second-to-none. Whether you are interested in 1 tract, multiple tracts or the entire farm – you can bid on it any way you want until the very end using our multi-parcel selling system. Remember the date, Sat, July 12 at 10 AM CDT & come prepared to buy at your price! Prize money drawings & refreshments will be available.
Note: The successful bidders on the residences will be required to sign a lead-based paint waiver as required on any house built prior to 1978.
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