Land for Auction in Elkhorn City, Kentucky

Auction SAT., NOV. 14, 2026 - 10:00 A.M. Jesse & Velma Tungate Heirs Farmers Ridge Road, Elkhorn, KY Located Across From 604 Farmers Ridge Road - Auction Signs Posted ! From Campbellsville Follow Ky Highway 70 (Liberty Road) Approximately 11 Miles, Turn Right Onto Gaddis Ridge Road And Follow 1/10 Mile, Turn Left Onto Farmers Ridge Road And Follow Approximately 1/2 Mile To The Tungate Farm. The price published does NOT indicate an asking price for the property, but is an estimate required for MLS posting. The property will sell to the highest bidder at the auction. This Is A Live Real Estate Auction Conducted On Site, Saturday November 14, 2026, at 10:00 A.M. There is NO broker participation or coop offered. 65.57 ACRES IN 2 TRACTS POND - CABIN - SHOP & BARN A Live Onsite Auction With Simulcast Internet Bidding On The Real Estate. 65.57 +/- ACRES SELLING IN 2 TRACTS, WITH THE RIGHT RESERVED TO GROUP BUY 1 TRACT OR AS A WHOLE USING OUR COMPUTER RUN MULTI-PAR SYSTEM Real Estate: 65.57 +/- acres by a new retracement survey. The Tungate Farm is a generational farm, have been owned by members of the Tungate family for several generations. This farm consist of both open land and wood land, and it has long road frontage on Farmers Ridge Road. The Taylor Co. FSA office shows the property having approximately 42.75 acres of cropland and total crop bases of: Wheat 2.22 acres, Corn 21.23 acres and Soybeans of 16.03 acres. There is a nice boundary of wood land with some marketable timber. Make your own timber cruise, as land and timber will not be offered separate. Approximately 10 +/- years ago there was some select cutting completed. Improvements consist of: A log cabin which appears to be in need of some repairs, a metal sided barn approximately 48' x 70', a concrete block shop approximately 14' x 22', other necessary out buildings and a pond. This property is ideal for the beginning or hobby farmer, to build your dream house on or to expand your current farming operation. PLUS wildlife of all kinds calls this area home. TRACT #1: 47.12 +/- acres consisting of open land and wood land. The crop land was planted in corn for 2026. The FSA office shows approximately 33.18 acres of crop land. This tract includes all of the improvements listed above. TRACT #2: 18.45 +/- acres consisting of open land and wood land. The crop land was planted in soybeans for 2026. The FSA office shows approximately 9.57 acres of crop land. No improvements. Auctioneer's Note: No one has had the opportunity to purchase this farm for several generations. This could be your once in a lifetime opportunity to own all or a part of it. We invite you to take a look at this property, and make any arrangements necessary and come prepared to BID & BUY, Saturday, November 14, 2026, at 10:00 A.M. This property sells at absolute auction where you, the buyer, will determine the price. There is NO broker participation or coop offered. Terms: Real Estate: 10% of purchase price day of auction (a personal check with ID, cash, or cashier check), along with the signing of a Real Estate Sales and Purchase Contract. The balance due with delivery of deed on or before December 29, 2026. Simulcast bidders must register and be approved for bidding prior to the auction. Additional terms shall apply to simulcast bidders . (See auctioneers web site for complete terms). NOTE: A 10% Buyers Premium will be added to all winning bids on the real estate to determine the final sales and purchase price. ALL BUYERS NOT KNOWN BY THE AUCTIONEERS MUST HAVE A BANK LETTER OF GUARANTEE ADDRESSED TO THE AUCTIONEERS OR CERTIFIED FUNDS. NOTICE: Any announcement made by the auctioneer from the auction block on the day of sale will take precedence over any printed material or oral statement. In an auction sale, all property is sold As Is, Where Is with NO warranty expressed or implied by the sellers or auction company. The information in this ad is believed to be correct but is not guaranteed. It is the responsibility of each potential bidder to make their own inspections or investigations and to bid on their judgment of value. The real estate is available daily by appointment with the Auction Company prior to the auction to make or have made on your behalf any inspections you choose, including lead based paint.