•
2 AUCTIONS, 2 DATES
•
REAL ESTATE AUCTION, TUESDAY, SEPTEMBER 9 @ 6PM
•
120+/- Acres offered in 4 Tracts
•
Private Setting with Mature Trees
•
Historic Farm House & Outbuildings
•
Manicured Woods with Trails
•
A Great Hunting Property
•
Online Bidding Available
•
PERSONAL PROPERTY AUCTION, SATURDAY, SEPTEMBER 6 @ 10AM
•
Tractors, Farm Related Equipment
•
Miscellaneous
•
Riding Mower & Tools
•
Antique Furniture
•
Collectibles & Primitives
•
Furniture & Appliances
•
Household
REAL ESTATE & PERSONAL PROPERTY AUCTION
2 AUCTIONS, 2 DATES
Pleasant Lake, Indiana, Steuben County
Owner: Sharon Baxter, Patricia Jackson, Gary Jackson, Elaine Myers, DeAnn Hurraw Tue, Sep 9, 2014 EASTERNAUCTION IS OVER
TOTAL SOLD: $646,000
| Tract(s): 1 | @ $311,000 | ($4,799/acre) |
| Tract(s): 2-4 | @ $335,000 | ($6,068/acre) |
OPEN HOUSE/INSPECTION DATES
Thurs., August 7, 5-7 PM and Sun., August 24, 2-4 PM
Meet a Schrader representative at the home on Tract 2
PROPERTY LOCATION
5730 S. 200 E., Pleasant Lake, IN.
From IN-427 in Hamilton, turn west on E. Bellefontaine Road and travel 3 miles to stop sign. Continue straight on 200 E. and travel 1/2 mile to property on east side.
AUCTION LOCATION
Hamilton Town Hall, 900 S. Wayne Street, Hamilton, IN 46742
TRACT DESCRIPTIONS
Tract 1:
64.8± ac
with 39+/- acres of tillable land. Morley silt loam and Martinsville loam are the predominant soil types. Balance of the acreage is wooded with mixed hardwoods. Tract 1 also has a stream which meanders through the wooded land. This is an excellent opportunity to own a hunters paradise with deer, turkey, and other wildlife in abundance! Investigate the income potential with crop land and timber. Over 1,000 ft. of frontage on 200 E.
Tract 2:
3.7± ac
includes the historic 2-story farm house on a beautiful, private setting with mature trees and outbuildings. Main level consists of a breakfast area in the kitchen, large dining room, living room, family room, bedroom, and bath. The ornate wood staircase leads to the 4 bedrooms and nursery upstairs. The partial basement includes an LP furnace and a wood burner along with a large storage room. The home has a 3 in. well and original wood flooring throughout. Outbuildings include a 60 ft.x40 ft. large bank barn, a 40 ft.x26 ft. barn, a 26 ft.x18 ft. granary, a 20 ft.x12 ft. chicken coop, and corn crib. The buyer would be required to install a county approved septic system in order to occupy the home.
Tract 3:
17.8± ac
with 15+/- acres tillable (SWING TRACT): The soils are primarily Glyn-wood silt loam and Morley silt loam. Tract 3 must be purchased in combination with any tract or combination of tracts with road frontage or by an adjoining land owner.
Tract 4:
33.7± ac
(SWING TRACT). 25+/- acres of tillable crop land consisting of Morley silt loam and Boyer-Ormas loamy sand soils. The remaining acreage is wooded with mixed hardwoods. This property is perfect for the hunter and wildlife enthusiasts with a secluded setting and breath-taking views! Consider combining Tract 1 and Tract 4 for over 98+/- acres with endless possibilities. Tract 4 must be purchased in combination with any tract or combination of tracts with road frontage or by an adjoining land owner.
Annual Real Estate Taxes for 2013 $1,689.20.
FSA Information available upon request.
ONLINE BIDDING AVAILABLE: You may bid online during the auction at www.schraderauction.com. You must be registered One Week in Advance of the Auction to bid online. For online bidding information, call Kevin Jordan at Schrader Auction Co. - 800-451-2709.
AREA MAP
TRACT MAP(S)
SOIL INFORMATION
PLAT MAP(S)
PROCEDURE: The property will be offered in 4 individual tracts, any combination of tracts and as a total 120+/- acre unit. There will be open bidding on all tracts (with swing tract limitations) and combinations during the auction as determined by the Auctioneer. Bids on tracts, tract combinations and the total property may compete.
DOWN PAYMENT: 10% down payment on the day of auction for individual tracts or combinations of tracts. The down payment may be made in the form of cashiers check, personal check, or corporate check. Your bidding is not conditional upon financing, so be sure you have arranged financing, if needed, and are capable of paying cash at closing.
ACCEPTANCE OF BID PRICES: Successful bidder(s) will be required to enter into purchase agreement at the auction site immediately following the close of the auction. All final bid prices are subject to the Sellers acceptance or rejection.
EVIDENCE OF TITLE: Seller shall provide title insurance in the amount of the purchase price. Seller agrees to provide merchantable title to the property subject to matters of record, general conditions of title, and similar or related matters. All tracts sold AS IS.
DEED: Appropriate deed will be delivered at closing.
CLOSING: Closing shall take place 30 days after auction date, or as soon thereafter as applicable closing documents are completed.
POSSESSION: Possession of the auction tract which includes the home shall be delivered at closing. Possession of the other auction tracts shall be delivered subject to tenants rights for the remainder of the 2014 crop year.
REAL ESTATE TAXES: Buyer shall assume real estate taxes beginning with the 2015 calendar year taxes due and payable 2016.
ACREAGE: All boundaries are approximate and have been estimated based on current legal descriptions.
SURVEY: A new survey will be made where there is no existing legal description or where new boundaries are created by the tract divisions in this auction. Any new survey(s) provided shall be for the perimeter only, when tracts are combined. Buyer(s) and Seller shall share survey expense 50:50.
FSA INFORMATION: Contact Auction Company for farm number and farm bases.
EASEMENTS: Sale of the property is subject to any and all easements of record.
MINERAL RIGHTS: The sale shall include 100% of the mineral rights owned by the Seller.
AGENCY: Schrader Real Estate and Auction Company, Inc. and its representatives are exclusive agents of the Seller.
DISCLAIMER AND ABSENCE OF WARRANTIES: All information contained in this brochure and all related materials are subject to the terms and conditions outlined in the Purchase Agreement. The property is being sold on an AS IS, WHERE IS basis, and no warranty or representation, either expressed or implied, concerning the property is made by the Seller or the Auction Company. All sketches and dimensions in the brochure are approximate. Each potential bidder is responsible for conducting his or her own independent inspections, investigations, inquiries, and due diligence concerning the property. The information contained in this brochure is subject to verification by all parties relying on it. No liability for its accuracy, errors, or omissions is assumed by the Seller or the Auction Company. Conduct of the auction and increments of bidding are at the direction and discretion of the Auctioneer. The Seller and Selling Agents reserve the right to preclude any person from bidding if there is any question as to the persons credentials, fitness, etc. All decisions of the Auctioneer are final.
ANY ANNOUNCEMENTS MADE THE DAY OF THE SALE TAKE PRECEDENCE OVER PRINTED MATERIAL OR ANY OTHER ORAL STATEMENTS MADE.
