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The Mill Hole farm is a well managed, mostly wooded farm located close to I-65 in Edmonson County, Kentucky. This property is located in Edmonson County (Park City), Kentucky

Historic Mill Hole Farm

Edmonson County, KY · 436 +/- AC ($2,638/AC) · $1,150,000

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DISCLOSURE

All boundary lines noted in pictures, aerials or maps should be considered estimates and not relied on as legal documents or descriptions.

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 Historic Mill Hole Farm in Edmonson County, KY

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Historic Mill Hole Farm

         

Edmonson County, Kentucky
436 +/- Acres ($2,638/acre)
$1,150,000

MLS#: 20174042

Parcel #/ID:  1152778

The Mill Hole farm is a well managed, mostly wooded farm located close to I-65 in Edmonson County, Kentucky. The farm is on the national register of historic places for the remnants of a home built between 1790 and 1810. Also present is the unique Mill Hole, a karst window that is 130'deep, 1200' long and 800' wide. A karst window is where an underground stream has a collapse, exposing the stream to the surface. The stream comes out on one end and flows for about 50 yards and then disappears underground.

272 acres with an estimated 1,064,000 board feet or marketable timber with a current market value to the landowner at $345,000.00.

THIS FARM IS ONE HALF MILE SOUTH OF 50,000 ACRE MAMMOTH CAVE NATIONAL PARK THAT DOES NOT ALLOW HUNTING. DEER GROW OLD AND DIE THERE. CREATE THE RIGHT HABITAT TO DRAW THEM IN. THIS FARM HAS NOT BEEN DEER HUNTED THE LAST TWO YEARS!

Land on or near the park boundary list for and brings more money per acre than the price on this farm.

Estimated Acres:

436 total acres

350 solid wooded acres

272 acres with an estimated 1,064,000 board feet or marketable timber with a current market value to the landowner at $345,000.00.

44 acres of pasture land

28-acre tree plantation under the CREPP program with an annual payment of $5,300 per year for the next five years. Also, $1,200 per year for maintenance.

14 acres of old field and scattered small fields.

Property Highlights:

  • STEEPED IN HISTORY: The Mill Hole Farm was strategically important for settlers as it provided something that was scarce in this area...water. The mill hole located on this farm is the result of a past collapse in an underground stream that allows you to see it. Geologists call this a Karst window, a view into a cave for a brief moment. The stream exposed itself from one end of the window and flows to the other end where it disappears again. The stream is fed by 17 sinking streams in the area. During heavy rains, the mill hole can rise as much as 70'. The water passing through empties into the Green River at Turnhole Bend.

  • THE HOME: Located on a scenic overlook of the farm is a three bedroom, 2.5 bath home built in 1977. The master bedroom is located on the second floor and the home has had recent upgrades to the kitchen and dining area. Three sources of heat are available; a heat pump, gas logs, and an outdoor hardy stove. The home is on city water and has a septic system. As a bonus, an in-ground pool adds to the enjoyment of the home. HOME IS BEING OFFERED SEPARATELY AND PRICE NOT INCLUDED.

  • THE LAND AND TIMBER: The mill hole lies on the edge of the sinkhole plain escarpment near Park City, Kentucky. The sinkhole plain is characterized by gently sloping limestone ground with scattered sinkholes where rainwater enters the ground. The escarpment is the limestone hillsides that are capped by an impermeable layer of sandstone that keeps water from entering the ground. Limestone is slowly eroded over time. As rain falls, it picks up a small amount of carbon dioxide that dissolves the rock.

    This combination of limestone and sandstone make for productive forest soils. the farm contains 350 wooded acres (272 acres marketable) I inventoried the farm in 2017 and show it to contain 1,064,000 board feet with an estimated market value of $345,000.000

  • See Sellers disclosure of property conditions

Estimated Income:

CRP Income: $5,300

Sale of marketable timber: $345,000

Hunting lease: $10,000

TOTAL ESTIMATED INCOME: $360,300

Taxes:  (Call Agent for Details)

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