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HIGH QUALITY CROPLAND AUCTION - 671+/- ACRES - FOUR FARMS - 8 TRACTS IN UNION COUNTY, INDIANA

Southeast Indiana near Liberty in Union County (Near Indiana/Ohio State Line)

Owner: Hunt-Johnson Farms Inc. Wed, Nov 30, 2016

SOLD FOR $4,925,000

• 671+/- Acres, Four Farms in 8 Tracts • 622+/- Total Cropland Acres • Top Soils - Well Drained • State Highway Frontage (Tract 1) • Near Eaton and Oxford, Ohio • 30 minutes west of Dayton, Ohio • 45 minutes to Cincinnati • Online Bidding Available


OPEN HOUSE/INSPECTION DATES



Friday, Nov. 4th from 3-5pm
Friday, Nov. 11th from 3-5pm
Thursday, Nov. 17th from 3-5pm

Meet Agent at Farm 1 on Hwy. 27

PROPERTY LOCATION

North and east of Liberty (see individual farms.) 15 miles south of Richmond.
FARM 1:
Located 2-1/2 miles north of Liberty on west side of Hwy. 27.
FARM 2: Located 3-1/2 miles north of Liberty then east on Clifton Rd. 1/2 mi. to farm on the north side.
FARM 3: From Liberty east on Hwy 44. 1 mi. to Kitchel Rd/100E then north 1/2 mi. past NSK to farm on the west side.
FARM 4:From Liberty east on Hwy. 44 - 2-1/2 mi. to Swafford Rd/250E then north 1/2 mi. to farm on the right.

AUCTION LOCATION

Union County 4-H Community Building in Liberty. From intersection of Hwy. 27 and Hwy. 44 east on Union St. to end of street, Community Building is on the left. 411 Patriot Blvd., Liberty, IN.

PROPERTY DESCRIPTION

FARM 1: 271+/- acres - 250 USDA Cropland Acres. Sec. 25 Twp. 12N R 2W
FARM 2: 160+/- acres - 150 USDA Cropland Acres. Sec. 19 Twp. 12N R 1W
FARM 3: 85+/- acres - 71 USDA Cropland Acres. Sec. 6 Twp. 11N R 1W
FARM 4: 155+/- acres - 151 USDA Cropland Acres. Sec. 4 Twp. 11N R 1W

TRACT DESCRIPTIONS

Tract 1: 57± ac nearly all tillable except waterways. Good frontage on Hwy. 27. Est. 1,300 ft. of frontage on Hwy. 27.

Tract 2: 214± ac with est. 195 acres cropland. Est. 1,100 ft. of frontage on Hwy. 27. Top Russell, Cope and Xenia soils. Est. 18 acres nice woodland.

Tract 3: 160± ac with 150 acres cropland, 5+ acres woodland and 5 acres CRP waterway. Est. 2,600 ft. of frontage on N. Stout Rd. and Est. 2,600 ft. of frontage on E. Clifton Rd. Good Fincastle and Crosby soils. Good drainage.

Tract 4: 63± ac with 53 acres cropland and about 10 acres woodland. Est. 936 ft. of frontage on Kitchel Rd/100 E. Nice combination of investment cropland and recreation property.

Tract 5: 22± ac with 17+ acres cropland and 5 acres woodland. Est. 800 ft. of frontage on Kitchel Rd/100 E.

Tract 6: 42± ac all cropland. Nice waterway. Est. 1,687 ft. of frontage on Swafford Rd/250E.

Tract 7: 27± ac with 24+ acres cropland. Barns (45 ft. x 82 ft. and 27 ft. x 61 ft.), 2 bins (12,000 total bu.) and dwelling (needs work). Est. 700 ft. of frontage on Swafford Rd/250E.

Tract 8: 86± ac all cropland except waterways. Great Xenia and Celina soils. Est. 1,230 ft. of frontage on E. Greenwood Church Rd. Investment quality tract.


INTERACTIVE MAP

TRACT MAP(S)

FARM 1

FARM 2

FARM 3

FARM 4

SOIL INFORMATION


FARM 1


FARM 2


FARM 3


FARM 4

PLAT MAP(S)

BROWNSVILLE TWP.

CENTER TWP.

HARRISON TWP.

AREA MAP(S)

PROCEDURES: The property will be offered in 8 individual tracts, any combination of tracts, or as a total 671 acre unit. There will be open bidding on all tracts and combinations during the auction as determined by the Auctioneer. Bids on tracts, tract combinations and the total property may compete.

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: Sellers shall provide an owners title insurance policy in the amount of the purchase price.

DEED: Sellers shall provide Warranty Deed.

CLOSING: The balance of the real estate purchase price is due at closing, which will take place within 15 days of presentation of title policy est. by January 20, 2017.

POSSESSION: At closing. 2017 crop rights and timber rights to be conveyed and Farm #4 barns and bin reserved until April 1, 2017.

REAL ESTATE TAXES: Seller to pay 2016 taxes payable 2017 to be credited to Buyer(s) at closing. See Agents for each farm taxes.

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. Buyer(s) and Seller will share survey expense 50:50. Combination purchases will receive a perimeter survey only. Closing prices will be adjusted to reflect any differences between advertised and surveyed acreages.

FSA INFORMATION: See Agent

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 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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