David Wade Estate- Live Onsite Real Estate Auction!
Saturday June 2, 2018 10 AM CDT
The David Wade Estate - Lake Cumberland Farm, Home & Property Auction
Auction held For

David Wade Estate

738 Owenstown School Rd, Russell Springs, KY, only 1 & ½ miles from town and accessible via Hwy 80 East or Hwy 127 North.  Auction Banners Posted.


Open House

Saturday, May 26 from 10 A.M. to 12 Noon CDT.




Real Estate Bidding will be LIVE ONSITE

Personal Property Bidding will be ONLINE ONLY

Live Onsite Real Estate Auction Portion:

Saturday, June 2nd, at 10 A.M. CDT

Brick House w/ Full Basement, Large Detached Garage/Shop, Horse Barn, Equipment Shed, & Combination Barn on 40 Acres, M/L, offered in 6 Tracts & Any Combinations using Golden Rule- Wilson’s Computerized Multi-Parcel Selling System.

Property Overview:  This property is located only a short distance from town, schools, most conveniences & only minutes to Lake Cumberland.  Property lays extremely well being mostly hay-crop pasture land and also offering excellent home building sites or for future development.  Small edge of woods along a portion of the perimeter with small branch area that could make a nice pond location.

Tract #1:  Beautiful 5.62 Acres, m/l, with modern one-level brick house w/ full basement, 36 ft. x 60 ft. metal garage with concrete floor – overhead doors – electric – flue, horse barnwith 3 to 4 stalls – barn lot – wash / tack room – fenced paddock – edge of woods on property.  House has 3 bedrooms, 1 bath, kitchen / dining combination, large living room & full basement with utility area and shower.  House has central heat & air, double pane / tilt windows, nice cover porches & decks, water well & newer septic system, beautiful shaded yard & blacktop drive.

Tract #2:  Offers 2.06 Acres, m/l, with large 3 bay metal equipment shed.

Tract #3:  Offers 1.75 Acres, m/l.

Tract #4:  Offers 1.11 Acres, m/l.

Tract #5:  Offers 1.00 Acre, m/l.

Tract #6:  Offers 28.2 Acres, m/l, with large combination barn

BIDDING:   PROPERTY to be offered in 6 Tracts & ANY Combinations Using Golden Rule-Wilson’s Computerized Multi-Parcel Selling System, Allowing Anyone to Bid on Any Individual Tract or Combination of Tracts at Any time!  Also allowing individual bidders the opportunity to defend your bid!



TERMS:  Real Estate: Non-refundable 10% deposit day of sale & balance with deed on or before 30 days. No contingencies.  A seven percent buyer’s premium will be added to the final bids to determine the final sales price.  Property taxes paid by purchaser for 2018.  Property to be transferred with a good insurable General Warranty Deed. 

Auctioneer Notes

Auctioneer’s Note:  Location! Location! Location!  This property has it all – conveniently located to town and a beautiful country atmosphere!  Remember the date, Saturday June 2nd at 10 A.M. CDT & come prepared to buy at your price!

Note:  The successful bidder will be required to sign a lead-based paint waiver as required on any house built prior to 1978.


Aerial Photos
Additional House Photos

Golden Rule-Wilson Real Estate and Auction

Columbia Office #1, LLC
1004 Jamestown Street  -  Columbia, KY
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Russell Springs Office #2, LLC
21 E. Steve Wariner Drive  -  Russell Springs, KY
1-270-866-6600 or 1-800-410-5155
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*List price, specifications & availability are subject to change without notice.
Disclaimer:  All information is believed to be correct but is not warranted by selling agents.
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