ABSOLUTE ESTATE AUCTION
Saturday, June 4th, 9:00 CDT / 10:00 EDT
58.6 Acres in 20 Tracts
Ranging from 0.78 to 8.2 Acres
Nolin Lake Frontage &
Potential Dock Access w/COE Approval
432 Ponderosa Rd, Clarkson (Grayson Co)
Estate of Mrs. Mary Charles Clemons
DIRECTIONS
From Clarkson – Follow KY-88/Peonia Rd about 9 miles to KY-889 and turn right. Travel about 3 miles and turn right on Ponderosa Rd. The property will be about ½ mile on the right.
REAL ESTATE
58.6 acres of gently rolling fields bordered by mature wooded areas situated just north of Ponderosa Boat Dock and Dickeys Mill Recreation Area on Nolin River Lake. The property has been owned by the same family since 1954, predating the formation of the 5,800 acre Nolin River Lake itself in 1963. This is an extremely rare opportunity to own a spacious and attractive piece of property on Nolin River Lake. The lots are accessed via a 60’ ingress/egress/utility easement coming off Ponderosa Rd. There is a 10’ easement that allows property owners to access the redline and the Corps of Engineers (COE) has indicated that a dock may potentially be placed along the shoreline, pending formal approval. Docks slips must be applied for through the COE by property owners and will be on a first come first served basis. There is no guarantee to the number of dock slips and each one must be approved by the COE on a case-by-case basis. Prospective buyers are strongly encouraged to contact the COE at 270-286-4511 to familiarize themselves with the process involved in obtaining a dock slip. No guarantees are made by Hodges Auction or the sellers about docks or Nolin River Lake rules and regulations. The property will be restricted against mobile homes as well as other rules available at the link below or by emailing info@hodgesauction.com and requesting them. The lots bordering the red line are a mix of limited development and protected shoreline. Reference the record plat for full details. Easements are for use of landowners only.
OFFERED IN TRACTS AS FOLLOWS
TRACT 1 – 0.78 acres, fronts Ponderosa Rd
TRACT 2 – 2.00 acres
TRACT 3 – OUT
TRACT 4 – 1.85 acres, red line and 10’ golf cart & walking easement along the northwest boundary line with Tract 5. There is also a 30’x30’ golf cart parking area easement on this tract where the red line and northwest property line meet.
TRACT 5 – 1.89 acres, red line and 10’ golf cart & walking easement along the southeast boundary line with Tract 4.
TRACT 6 – 2.16 acres, red line
TRACT 7 – 2.08 acres, red line
TRACT 8 – 1.81 acres, red line
TRACT 9 – 2.15 acres, red line
TRACT 10 – 1.62 acres, red line
TRACT 11 – 2.71 acres, red line
TRACT 12 – 5.27 acres, red line
TRACT 13 – 4.01 acres
TRACT 14 – 8.23 acres
TRACT 15 – 4.01 acres
TRACT 16 – 3.82 acres, fronts Ponderosa Rd
TRACT 17 – 3.69 acres, fronts Ponderosa Rd
TRACT 18 – 2.22 acres
TRACT 19 – 2.03 acres
TRACT 20 – 2.60 acres
TRACT 21 – 3.58 acres
PHOTO GALLERY (click to open new tab)
AUCTION PLAT (click to open in new tab)
RECORD PLAT (click to open new tab)
PROPOSED SUBDIVISION RESTRICTIONS (click to open in new tab)
TERMS: A 10% buyer’s premium will be added to the winning bid to determine the final sale price. The property will be sold using the Multi-Par method. On real estate, $10,000 per tract will be due on the day of auction with the balance due within 30 days. The good faith deposit will be deposited into the Hodges Auction escrow account and held until closing, at which time a check from the escrow account will be issued and credited to buyer. 2022 property taxes will be paid by seller. Possession will be given with the deed. Closings will be conducted by Twin Lakes Title Company at 62 Public Square, Leitchfield, KY 42754. Inspection of the property may be performed by prospective bidders prior to the auction. Information is derived from PVA, County Clerk, or other public source information and is not guaranteed. Property sells as is with no guarantees by the seller or Hodges Auction Company.
