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SOLD

LAND AUCTION - 150+/- ACRES OFFERED IN 3 TRACTS IN WELLS COUNTY, INDIANA

Wells County, Indiana - Liberty Twp.

Owner: Flaugher Farms, Inc. Thu, Feb 25, 2016

SOLD FOR $1,063,747

• 150+/- Acres offered in 3 Tracts • 149.18 TIllable Acres (per FSA) • Systematically Tiled • Possession for 2016 Crop Year


Auction Info Book


OPEN HOUSE/INSPECTION DATES

Walk-over Inspections Welcome!

PROPERTY LOCATION

From Bluffton travel west on SR 124 5 miles to CR 300 West (Old State Road 303), turn South then travel 3.25 miles to property. Tracts #1 and #2 located just south of Liberty Center on CR 300 West (Old State Road 303). Tract #3 located just east of Liberty Center on CR 300 South.

AUCTION LOCATION

Wells County 4-H Park Community Center. 1240 S. 4-H Road, Bluffton, IN. Located on the south edge of Bluffton, west of SR 1.

TRACT DESCRIPTIONS

Tract 1: 38± ac mostly tillable. Soils are mostly Pewamo and Blount-Del Rey. Frontage on CR 300W (Old SR 303).

Tract 2: 31± ac mostly tillable. Soils are mostly Pewamo & Blount-Del Rey. Frontage on CR 300W (Old SR 303).

Tract 3: 81± ac mostly tillable. Soils are mainly Blount-Del Rey, Pewamo and Glynwood. Frontage on CR 300S.
Fall of 2015

  • Fertilizer applied
  • Lime Applied
  • Soil Testing
  • Fall Tillage
    Call for details


    INTERACTIVE MAP

  • TRACT MAP(S)

    SOIL INFORMATION

    AREA MAP(S)

    PROCEDURE: Tracts 1 through 3 will be offered individually, in any combination, or in total, subject to swing tract limitations. There will be open bidding on all tracts and combinations during the auction as determined by the Auctioneer.

    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: 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.

    EVIDENCE OF TITLE: Seller shall provide an owners title insurance policy in the amount of the purchase price.

    DEED: Seller shall provide Warranty Deed(s).

    CLOSING: The balance of the purchase price is due at closing, which will take place within 15 days of presentation of insurable title. Costs for an insured closing shall be shared 50:50 between Buyer(s) and Seller.

    POSSESSION: Possession of cropland is at closing.

    REAL ESTATE TAXES: Real estate taxes will be the prorated to the date of closing.

    PROPERTY INSPECTION: Each potential Bidder is responsible for conducting, at their own risk, their own independent inspections, investigations, inquiries and due diligence concerning the property. Further, Seller disclaims any and all responsibility for Bidders safety during any physical inspection of the property. No party shall be deemed an invitee of the property by virtue of the offering of the property for sale.

    ACREAGE: All tract acreages, dimensions, and proposed boundaries are approximate and have been estimated based on current legal descriptions and/or aerial photos.

    SURVEY: The Seller shall provide a new survey where there is no existing legal description or where new boundaries are created by the tract divisions in this auction. Any need for a new survey shall be determined solely by the Seller. Seller and successful bidder shall each pay half (50:50) of the cost of the survey. The type of survey performed shall be at the Sellers option and sufficient for providing title insurance. Combination purchases will receive a perimeter survey only.

    AGENCY: Schrader Real Estate & 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.

    STOCK PHOTOGRAPHY: Photos are for illustrative purposes only and are not of the auction property.