Lorenz & Doris Dressel Living Estate Auction – Real Estate
Live and Online Bidding
Saturday, September 5th, 2026, at 8am CT
197 Delaware Road | Gilbertsville, KY 42044
KENTUCKY LAKES AREA HOME WITH 2 ADJACENT LOTS!
HOME & ADJOINING LOTS SOLD TOGETHER * PACKAGE DEAL!
" HOME IS UNDER NEW CONSTRUCTION, +/- 70 % COMPLETED!
" ADJACENT LOTS ARE ATTRACTIVE HOMESITES!
" NEVER LIVED IN * SHEETROCK IN PLACE ON MAIN LEVEL
" NEW OWNERS TO ADD TRIM, FINISHING TOUCHES & FIXTURES
ATTENTION HOMEBUYERS! CONTRACTORS! INVESTORS!
DON'T MISS THIS EXCITING OPPORTUNITY
This is a live on-site & online simulcast sale. Bid in person or online. Please contact our office @ (270) 444-0031 if you have any questions.
Lot # : 1 - KENTUCKY LAKES AREA HOME WITH 2 ADJACENT LOTS!
197 Delaware Road, Gilbertville, Ky 42044
Home & Adjacent Lots Overview: A lovely 3-bedroom, 3-bath brick home, truly a diamond in the rough, just minutes from Kentucky Lake Recreational Area in Gilbertsville, Kentucky. The homeowner began construction several years ago, mostly finishing the exterior, but leaving the interior incomplete. This beauty is waiting on your personal touch! Walls and ceiling on main level are finished drywall but have yet to be painted. Interior doors, baseboard, molding, bath and kitchen cabinets have been delivered to the home but are not installed. No flooring other than subfloor on main level (sheet laminate already in kitchen). Most of the electrical rough-in has been completed on the main level. Downstairs features a full basement, concrete flooring, brick fireplace, and plenty of room for entertaining or relaxing! Poured concrete basement walls are roughed in with stud framework. Basement walls are approximately 10' in height. Property has 2 additional building lots, deeded separately but both selling with home. Don't miss this lakes area buying opportunity!
1. Home map number 055 contains +/- 0.64 acres
2. Adjacent lot map number 056 contains +/- 0.64 acres
3. Adjacent lot map number 054 contains +/- 0.69 acres
Home & Adjacent Lots Description: Selling a true diamond in the rough just minutes from the water's edge of Kentucky Lake. Home offers solid craftsmanship, with brick veneer (coined corners) and a poured-wall basement foundation and features +/- 2,360 total square feet of living space including garage on the main level, with another +/- 1,650 square feet of space on the lower level. Construction features 2 x 12 floor joists and solid steel 12-inch load bearing I-beam. While exterior is mostly finished, the interior is unfinished. Drywall has been mudded and sanded, but walls and ceilings will need painting. You choose the colors! Interior doors, baseboards, molding, bath and kitchen cabinets are inside home but have not been installed. Kitchen flooring is currently sheet laminate. Additional flooring on main level currently is subfloor but offers some of the best available with Advantech subflooring, connected with premium Max Bond. Choice of final floor covering will need to be purchased by new owner. Main level is highlighted by a 29'7" x 17' great room, 21' wide when joined by open dining room next to bay-style front window. Great room also features 12' vaulted ceiling and 1 of the home's 2 brick fireplaces. Kitchen is 11' x 20'6" with breakfast nook next to patio-style walkout to backyard deck or stairway (yet to be constructed). Private main bedroom is 12'7" by 15' and features dual walk- in closets, each measuring 5' x 6'. Primary bathroom is 12'7" x 9' and features a garden tub and separate shower unit. 2 guest bedrooms are opposite the great room, both approximately 12' x 14' with walk-in closets. Hallway access to full guest bathroom, measuring +/- 6' x 12'. Lower level is a full basement with 8' ceilings and walks out to spacious backyard, has plenty of room for entertaining or relaxing, and is plumbed for an additional full bath. It also has the home's 2nd brick fireplace as the focal point of the gathering room. Lower-level walls are roughed in with studs only and would need wall covering. Plenty of room in the backyard for adding a pool and pool house if desired. Home has a courtyard-feel entry, with 21'6" x 5' porch, 2-car attached garage (21' x 22') with automatic 16' x 7' door. 2 Goodman HVAC units with gas water heater. There are 2 additional +/- 2/3 acre lots, one on each side, both deeded separately but will sell together with home, all for one money.
Rarely does a vacant tract come to market this far down the development runway. The current owner engaged a full engineering and survey team to design, permit, and prepare a 20-unit multifamily development on this ±2.56-acre Franklin, Kentucky tract — but construction was never started. The buyer inherits a substantial head start: approved civil plans, an active stormwater discharge permit, a signed stormwater maintenance agreement with the city, and a filed development plan application. Whether a buyer proceeds with the existing multifamily concept or pursues an alternate plan for the R-3 zoned ground, the engineering, survey, and permitting legwork is already done. Live auction with online bidding.
Hayden September online only equipment auction featuring a 2025 Polaris Northstar Ranger, 2021 Ford F-150 Platinum pickup, new 20 foot wagon flat mounted on 10 ton running gear, 20 foot oak wagon flat, 5 foot and a 7.5 foot wide mineral feeders (both new). Auction begins to close on September 1st at 11:00am MT.
The Late Barbara Atwill Estate Live Auction featuring real estate (2-bedroom, 1.5-bath move-in ready home on a corner lot with storm shelter and carport), 2017 Ford Escape SUV (black, 82,000 miles), an 8x12 portable building, stainless Whirlpool refrigerator, chest freezer, washer/dryer, furniture, 65" flat-screen TV, tools, yard equipment, glassware, household items and more. Live auction takes place Thursday, August 27, 2026 @ 6:00 PM CT.
