120+/- ACRES in 2 TRACTS ON STATE ROUTE 762

7645 State Route 762, Philpot, Kentucky

Auction Info

Real Estate Sold for: $702,000

December 04
Thursday
10:00
AM
CDT
120+/- ACRES IN 2 TRACTS
TRACT 1: 30+/- ACRES
TRACT 2: 90+/- ACRES

Auction Features

120
Acres

Tract # 1

7641 State Route 762

30+/- acres

Rolling pasture

7.9 miles from the HWY 54 corridor

5 + acres of potential cropland

1979 mobile home (12’x60’)

$600 month rental income from mobile home (owner pays water bill)

Fenced on west, south and north boundaries.

Approximately 222 feet of road frontage along State Route 762

Tract # 2

7645 State Route 762

90+/- acres

Adjacent to Tract # 1

7.9 miles from the HWY 54 corridor

18.2 acres of land in the CRP program with annual payment of $3,185. Current contract ends 9-30-2028

Approximately 41 acres of tillable cropland (primarily Belknap silt loam)

50 feet of road frontage along State Route 762

The buyer of this tract is not granted the continued ability to use the drive for 7649 HWY 762. Access would need to be established by the buyer.

Also, a 50-foot ingress and egress easement extending to Texas Gas Road.

Fenced along the south and north property boundary and the current west boundary of the CRP ground.

A 63’x49’ cattle barn and 42’x60’ attached shed.

Approximately one-half acre livestock pond.

The barn on this tract is supplied electric and water service from the adjacent home tract at 7649 HWY 762. If it becomes necessary to establish separate service, the responsibility shall be borne by the buyer.

Wildlife

This farm has an abundance of wildlife. The owner indicates that there are lots of turkey, deer, and other wildlife that are seen on the farm.

Auctioneers’ note: This farm is not far from Owensboro’s growing east side, has multiple building sites, could be used for livestock, and has other income potential from tillable cropland and rental.

Real estate terms: 10% down at the auction with balance due by January 20th, 2026. Possession with delivery of deed at closing. Property taxes for 2025 will be paid by the sellers and the buyer(s) will pay the taxes for 2026.


Map

7645 State Route 762, Philpot Kentucky

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Contact

David Hawes

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