SOLD

LAND AUCTION, 103+/- Acres offered in 2 Tracts in Randolph County

Lynn, Indiana, Greensfork Twp.

Owner: Melba J. McClure Mon, Oct 12, 2015 EASTERN

AUCTION IS OVER

TOTAL SOLD: $875,000

Tract(s): 1+2 @ $875,000 ($8,495/acre)

• Eastern Indiana Land Auction • 103+/- Acres offered in 2 Tracts • 5 Miles east of Lynn, Indiana & 1 mile west of Ohio/IN Stateline • Investment Quality with 100+/- FSA Crop Acres • Excellent Treaty, Fincastle & Patton Soils • Improved drainage potential w/county ditch access • Country home with barns • 1/2 mile south of IN SR 36, 12 miles west of Greenville, OH • Within 25 miles of (2) Ethanol Plants


OPEN HOUSE/INSPECTION DATES

Sat., Sept. 26th, from 9 AM-11 AM
Mon., Oct. 5th, from 4PM-6PM

PROPERTY LOCATION

8622 South 750 E, LYNN, IN 47355. 5 miles east of LYNN, IN just south of IN SR 36. From US 27 and SR 36, travel east 5 miles to South 750 E, then right (south) 1/2 mile to the farm. Just 1.5 miles west of the Indiana/Ohio border. Located in Section 23 of Greensfork Twp.

AUCTION LOCATION

LYNN LIONS CLUB BUILDING, 2334 CR 790 S, LYNN, IN 47355. From US 27 and IN SR 36 junction travel east 1/2 mile on SR 36 to the auction site (Lions Club Park) on your right.

TRACT DESCRIPTIONS

Tract 1: 101± ac nearly all tillable. 2100 ft.+/- feet of frontage on South 750 E. This tract features productive level fields with a quality mix of Treaty, Fincastle, Patton and Miamian soils. An improved 8 in. tile and access to an open ditch should allow for improved drainage. Great opportunity to add to your operation.

Tract 2: 2± ac Acres with nice country home. 1-1/2 story home with 3 BR and 1 BA. Nice rear screened in porch to enjoy the country setting. Buildings include a 2.5 car detached garage, metal sided machinery shed, 2-story bank barn w/lean-to, and older corn crib w/attached pole barn. The lot has 250’± of frontage with 425 ft. +/- of lot depth. Located in the Randolph Southern school district, the home has vinyl siding, vinyl windows and a standing seam metal roof.
Come examine all the possibilities here.


AREA MAP

SOIL INFORMATION

AREA MAP(S)

PROCEDURES: The property will be offered in 2 individual tracts, any combination of tracts, or as a total 103+/- acre unit. There will be open bidding on all tracts and combinations during the auction as determined by the Auctioneer.

DOWN PAYMENT: Real Estate 10% down payment on the day of the auction with the balance in cash at closing. The down payment may be made in the form of cash, 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 a 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: The Seller will provide Title Insurance at closing and a Preliminary Title commitment for the review of the buyer(s) before the auction.

DEED: Seller(s) shall provide a Warranty Deed(s).

CLOSING: The balance of the real estate purchase price is due at closing, which will take place on or before November 13th, 2015.

POSSESSION: Possession of the HOUSE and GARAGE will be 30 days after closing. Possession of the BARNS will be 03/31/16. Possession of the land will be delivered at closing subject to the tenants right to the 2015 crop in the field. Buyer to receive 2016 CROP RIGHTS!

REAL ESTATE TAXES / ASSESSMENTS: Seller will pay 2015 taxes due and payable in 2016 by giving the Buyer a credit at closing based off of the most current tax bill. Current estimated ANNUAL taxes and special assessments for Tract 1 & 2: $3,261.20/year

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. If a survey is needed, Buyer(s) and Seller will share survey expense 50:50. If the property sells in its entirety, no new survey will be completed.

EASEMENTS & LEASES: 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.

OWNER: Melba J. McClure

FSA INFORMATION : See Agent

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 AS IS, WHERE IS basis, and no warranty or representation, either express or implied, concerning the property is made by the seller or the auction company. 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 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 the persons credentials, fitness, etc. All decision of the Auctioneer is final.

ANY ANNOUNCEMENTS MADE THE DAY OF THE SALE TAKE PRECEDENCE OVER PRINTED MATERIAL OR ANY OTHER ORAL STATEMENTS MADE. AUCTION COMPANY OR OWNER NOT RESPONSIBLE FOR ACCIDENTS.

Auction Brochure

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