121.5 Acres - 2 Tracts - Hunting - Oil Income - Timber - Building Sites

N/A, Philpot, Kentucky

Auction Info

Real Estate Sold for: $130,000

August 22
Thursday
5:30
PM
121.5 Acres - 2 Tracts - Hunting - Oil Income - Timber - Building Sites

Auction Features


This auction provides an excellent opportunity to purchase wooded income-producing hunting land within Daviess County, Kentucky. Each tract has excellent habitat for wildlife such as whitetail deer and turkey.  The owner is conveying the mineral rights to the pro-rated oil production (28% for Tract #1 and 72% for tract #2) of the property to the successful buyer.  Buyer to have immediate hunting rights.

Tract #1

• Wooded 33.603-acre tract

• Excellent hunting ground

• Wooded building sites in the hills

• Producing oil wells with a history of oil income between $150 - $1000 annually, depending upon oil prices and production

• 1533 feet of blacktop frontage on Deserter Creek Road and 785 feet on Boston Laffoon Road.

• Future timber harvest.

• Water service (4 in.) at the intersection of Hwy 762 and Deserter Creek Rd.

*New survey on tract #1*

Tract #2

• Wooded 88 +/- acre tract

• Exceptional hunting land

• 1533 +/- feet of blacktop frontage on Deserter Creek Road and 2,300 +/- feet along Highway 762

• This tract’s portion of the oil income has been between $350 - $2500 annually, depending on oil prices and production

• The south property line is along the South Fork of Panther Creek

• There is estimated to be 6-10 acres of timber that could be harvested immediately, with the remainder of the tract available for harvest in the future

 

Terms: 10% down at the auction, balance by October, 7th 2019. Taxes to be paid by seller for 2019.

Owners: Gary & Jackie Howard


Map

N/A, Philpot Kentucky

Contact

David Hawes

Auctioneer/Agent
Office: 270-926-8553
Mobile: 270-929-1211
Contact Auctioneer