AUCTION

Saturday – September 21, 2019 – 10:00 AM

97± Acres – 2 Parcels – 9 Tracts

Farmland – Investment Property

CR-73 and CR-31 – 3 Miles Northeast of Killen

Lauderdale County, Alabama

SALE SITE ON PREMISES (Tract B3)

Directions from Killen: From the intersection of US-72 and US-43, go east on US-72 for 4.5 miles. Turn left (N) on CR-31 and go 2.8 miles to property on both sides of the road.

Real Estate: This 97± acre farm has been owned by the Faust family for over 60 years. The property sits in a prime location just north of Highway 72 near Killen. This location provides a short commute to the Shoals area and a reasonable commute to the rapidly expanding areas of Athens and Huntsville. The property offers an abundance of road frontage along both CR-73 and CR-31. This farm presents an excellent opportunity for investment in East Lauderdale County.

Parcel A 19.47± Acres – This parcel consists of approximately 12 acres of open land and fronts both CR-73 and CR-31. Public water is located at the intersection of CR-73 and CR-31. A private water line runs along the south side of this parcel. Electricity is located in the right of way of CR-31 and in the southeast corner of the parcel. This parcel is located in the Rogers School District. Parcel A will be offered in 4 tracts and again as one unit as a final sale.

Tract A1 – 4.61± Acres fronting CR-73.

Tract A2 – 4.60± Acres fronting CR-73.

Tract A3 – 5.20± Acres fronting CR-73.

Tract A4 – 5.06± Acres fronting CR-73 and CR-31. 

Parcel B 78.33± Acres – This parcel fronts CR-73 and CR-31 and contains approximately 40 acres of open land that has been previously used for row crop production. A barn, pond, and small spring are located on this parcel. Public water is located in the right of way of CR-73 and CR-31.  Electricity is located on CR-73 and in various locations along CR-31. This parcel is located in the Brooks School District. Parcel B will be offered in 5 tracts and again as one unit as a final sale. 

Tract B1 – 5.07± Acres fronting CR-31 and CR-73. 

Tract B2 – 8.93± Acres fronting CR-73. A barn is located on this tract.

Tract B3 – 25.18± Acres fronting CR-73 and CR-31. 

Tract B3-1 – 0.11± Acres fronting CR-31 that will be conveyed to the Purchaser of Tract B3 by quit-claim deed without title insurance.

Tract B4 – 19.44± Acres fronting CR-31. 

Tract B5 – 19.71± Acres fronting CR-31. 

Tract B5-1 – 0.05± Acres fronting CR-31 that will be conveyed to the Purchaser of Tract B5 by quit-claim deed without title insurance.

Property will be shown by appointment, contact Agent’s Office.

Sellers: Peggy Faulkner and Kevin Faust

Terms: 10% down payment on day of sale. Balance due upon delivery of deed within 30 days from day of sale. Possession upon delivery of deed. Seller will furnish survey, deed and owner’s title insurance. Survey plat prepared by Wiginton and Sons. Seller reserves the right to accept or reject any and all bids.

All information contained herein is believed to be correct, but not guaranteed. Announcements made by the Auction Company day of sale supersede any printed material.