556± Acres - Center Star Community - Lauderdale County, AL

Prime Investment Property – Farmland

AUCTION

Saturday – April 28th, 2018 – 10:00 A.M.

556± Acres – 3 Parcels – 14 Tracts

Prime Investment Property – Farmland

Center Star Community

5 Miles East of Killen, Alabama

Directions from Florence: From the intersection of Cox Creek Pkwy (AL-133) and Hwy 72 (Florence Blvd), go east on Hwy 72 for 9± mi. Turn right (S) onto CR-31 (Belview Rd) and continue 2.9± mi to property on both sides of road.

Directions from Elgin: From the intersection of Hwy 72 and Hwy 101, go west on Hwy 72 for 2.6 mi. Turn left (S) on Houstontown Rd (CR-33) and go 1.7± mi. Turn right (W) on CR-31 (Belview Rd) and continue 0.5± mi to property on both sides of road.

Real Estate: This 556± acre farm is part of the former Cunningham Plantation in the Center Star Community. The farm lies approximately 2 miles south of Hwy 72, offering easy access to the Shoals, Huntsville, and Decatur. This farm fronts CR-31, CR-33, and CR-415 and lies just north of the Tennessee River. Per FSA records, Parcels A and B consist of 405± acres of cropland with a 35± acre generic (cotton) base (598 lb yield) and a 386± acre wheat base (33 bu yield). Parcel C consists of 28± acres of cropland with a 17± acre wheat base (33 bu yield), 3± acre generic (cotton) base (598 bu yield), 3± acre corn base (54 bu yield), and 3± acre soybean base (21 bu yield). Approximately 414 acres are currently in row crop production. This farm offers excellent potential for investment.

Parcel A - 198± acres fronting 2641± ft along CR-31. Per FSA records, this parcel consists of 146± acres of cropland. The northern portion of this parcel lies in flood zone A. Parcel A will be offered in four tracts and again as one unit consisting of 198± acres.

Parcel B - 327± acres fronting 2897± ft along CR-31 and 1407± ft along CR-415. Per FSA records, this parcel consists of 259± acres of cropland. There is a large pond located on Tract B-2. Two cemeteries are located on this parcel, one on Tract B-2 and one on Tract B-4. There is a field road easement for agriculture purposes only along the eastern boundary of Tract B-3. There is also a 60’ easement extending from Belview Dr to Tract B-1 near the southwest corner of the property. Parcel B will be offered in six tracts and again as one unit consisting of 327± acres.

Parcels A and B will be offered in tracts, parcels and again as one unit consisting of 526± acres.

Parcel C - 30± acres fronting 1312± ft along CR-33. Per FSA records, this parcel consists of 28± acres of cropland. Parcel C will be offered in four tracts and again as one unit consisting of 30± acres.

Parcel C will be offered in four tracts and again as one unit as a final sale.

Utilities: Public water and electricity are in the right of way of CR-31, CR-33, and CR-415.

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

Seller: Bobo Family Group, LLC

Terms: 10% down payment on day of sale. Balance due upon delivery of deed within 45 days from day of sale. Possession upon delivery of deed subject to the farm lease which expires December 31, 2018. The 2018 farm rent will be prorated between Seller and Purchaser, contact Agent for details. Seller will furnish survey, deed and owner’s title insurance. Survey plat prepared by James E. Alexander Land Surveying, LLC. No percolation tests or soil borings have been performed on any of this property. The farm will be sold subject to two cemeteries located on Parcel B and the rights of others for ingress and egress to and from said cemeteries. 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.