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LAND AUCTION, 140.15+/- Acres
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65.33+/- Total Tillable Acres
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Less than 1 mile from Cagles Mill Lake / Richard Lieber State Park
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Large Wooded Tracts for Hunting
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12 miles South of Greencastle
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40 miles West of Indianapolis
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25 miles East of Terre Haute
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Online Bidding Available
Auctioneers Note: This property has potential for future building sites as well as tillable farmland in immediate proximity of near by State Parks.
LAND AUCTION, 140.15+/- Acres
Owen & Putnam County, Indiana
Owner: Estate of Fred Nicholls Jr., Jeffrey Boggess Personal Representative Wed, Sep 10, 2014 EASTERNAUCTION IS OVER
TOTAL SOLD: $300,000
| Tract(s): 1 | @ $300,000 | ($2,140/acre) |
OPEN HOUSE/INSPECTION DATES
Walk over inspections welcome - contact Todd prior to entering.
PROPERTY LOCATION
REVISED DIRECTIONS: From the intersection of Interstate 70 & Highway 243 travel south 1 mile to CR 1075S, turn right (west) and follow 2.5 miles to CR 525W, turn left then follow 1 mile to CR 1200S, turn left and then immediate right on CR 500W and follow 1 mile until road changes into CR 425W, continue 1.5 mile. CR 450W & CR 1300S wrap around farm. Watch for Schrader Auction Signs.
AUCTION LOCATION
Dixie Chopper Hotel & Conference Center, 102 Ballard Lane, Greencastle, IN 46135.
From downtown Greencastle travel east on Washington St. which turns into Indianapolis Rd. approximately 2.5 miles to Ballard Lane. Then turn south on Ballard Lane. Conference Center is located at the Putnam County Airport.
TRACT DESCRIPTIONS
Tract 1:
140.2± ac
65.33 tillable acres with over 4800 ft. of road frontage.
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
AREA MAP(S)
PROCEDURE: This property will be offered in 1 individual tract as a total 140.15+/- acre unit.
ACCEPTANCE OF BID PRICES: All successful bidders will be required to enter into purchase agreements at the auction site immediately following the close of the auction. All final bid prices are subject to the Sellers acceptance or rejection.
DOWN PAYMENT: 10% down payment on the day of auction with the balance in cash at closing. 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. CLOSING: The balance of the purchase price is due at closing, which shall take place within 10 days from delivery of marketable title. Closing on or about October 10, 2014 is anticipated. Closing costs for an administered closing shall be shared 50:50 between Buyer(s) and Sellers.
EVIDENCE OF TITLE: Seller shall provide an owners title insurance policy in the amount of the contract purchase price.
POSSESSION: Possession shall be given at closing. Current tenant shall retain all rights to the 2014 crop, including the right to harvest the crop and enter upon the land for this purpose. Once the 2014 crop has been removed in its entirety, immediate access shall be granted to the Buyer(s).
REAL ESTATE TAXES: Property taxes will be prorated to date of closing using the most recent tax statements available. Buyer shall assume any Ditch Assessments due in 2015 and thereafter.
ACREAGE: All tract acreages, dimensions and proposed boundaries are approximate and have been estimated based on aerial photos and the current legal description.
FSA INFORMATION: The Putnam County FSA Office shall make all acreage and base yield determinations.
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, if any.
SURVEY: Current legal descriptions shall be used to convey the property. Any need for a new survey will be determined solely by the Sellers. The type of survey performed shall be at the Sellers option sufficient for providing title insurance. Closing prices shall be adjusted to reflect any difference between advertised and surveyed acres, if a new survey is determined to be necessary by the Sellers.
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 Sellers or the Auction Company. All sketches and dimensions in the brochure are approximate. Each potential bidder is responsible for conduction 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 Sellers or the Auction Company. Conduct of the auction and increments of bidding are at the direction and discretion of the Auctioneer. The Sellers 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. ANNOUNCEMENTS MADE BY THE AUCTION COMPANY AT THE AUCTION PODIUM DURING THE TIME OF THE SALE WILL TAKE PRECEDENCE OVER ANY PREVIOUSLY PRINTED MATERIAL, OR ANY OTHER ORAL STATEMENTS MADE.
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