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REAL ESTATE AUCTION - 592+/- ACRES - 4 FARMS IN 11 TRACTS IN WESTERN JEFFERSON COUNTY, INDIANA

Western Jefferson County - Near Madison & Hanover, Indiana

Owner: Leatherman Holdings LLC Wed, Dec 13, 6:00 PM

• 592+/- Acres in 11 Tracts • 4 Farms • Great Location on West Side of Madison & Near Airport • City Utilities Available to Some Tracts • Nice Size Tracts with Multiple Uses • Long Time Investment Potential • Cropland, Woods or Business Location • (4) Homes and Potential Home SItes • Great Woodland Investment Tract • Recreational Property • Wetland Remediation Potential on Some Tracts • All Southwestern Jefferson Schools • Near Madison & Hanover, Indiana • Online Bidding Available


Auction Info Book


OPEN HOUSE/INSPECTION DATES

Tuesday, November 21 from 1-3 PM
Tuesday, November 28 from 10 AM-12 Noon

Meet agents at Jefferson County 4-H Building prior to viewing Tracts 2, 7 & 8.

PROPERTY LOCATION

All four farms are just west of Madison in general area of Madison, Hanover and Kent.
FARM A: 283.5 Total Acres - Sec. 25 Twp. 4N R 9E
- West side of Madison at Airport. From Hwy. 62 west on Interstate Block Rd then 1.5 miles to property. Address: 4723 Interstate Block Rd., Madison.

FARM B: 65.1 Total Acres - Sec. 34 Twp. 4N R 9E - West side of Madison. From Hwy. 256/Hwy. 62 west on Hwy. 256 about 2 mi. to CR 600W then north 100 yards to property on the west side just east of Kent.

FARM C: 41 Total Acres - Sec. 34 Twp. 4N R 9E - 4+/- miles west of Madison on CR Rd. 100 (Interstate Block Road). From Hwy 262/Hwy. 62 west on Hwy. 256 to CR 700 (Thompson Rd.) then north 3/4 mi. to farm on the east side. Also just north of Farm 2 at the corner of Interstate and Thompson Rd.

FARM D: 203 Total Acres - Sec. 6 Twp. 3N R 9E - From Madison on Hwy. 256 west thru Kent to CR 1000W then south 1/2 mi. to farm on the east side to the corner of Polk Rd.

AUCTION LOCATION

Jefferson County 4-H Fairgrounds Building. Address: 3852 West St. Rd. 256, Madison. Two miles west of Hwy. 62 on Hwy. 256.

TRACT DESCRIPTIONS

Tract 1: 132± ac
FARM A: 283.5 Total Acres - Sec. 25 Twp. 4N R 9E
TRACT 1: 132+/- ac
with about 102+/- acres cropland and 29+/- acres nice woodland. About 1/2 mi. of frontage on CR 450 (Grange Hall Rd.) and about 1/2 mi. on Interstate Block Rd. Nice stream and pond. Adjoining Madison Airport on the west side.

Tract 2: 45.5± ac with 33+/- acres cropland & 9 acres woodland. Good 60 ft. x 72 ft. pole barn and 24 ft. x 24 ft. barn, older modular type office 24 ft. x 60 ft.. Good frontage on Interstate Block Rd.

Tract 3: 106± ac with about 91 acres pretty woodland, stream and 15 acres open land. This is a great recreational tract. West 80 acres has DNR Conservation Easement to add value for wildlife refuge.

Tract 4: 22.6± ac
FARM B: 65.1 Total Acres - Sec. 34 Twp. 4N R 9E
TRACT 4: 22.6+/- ac
nearly all tillable. Nice level land in good area. Municipal water. Make a good tract to add to Tract 5 also.

Tract 5: 42.5± ac with 40.1+/- acres cropland and 4 acres woodland. Nice investment tract and long term potential.

Tract 6: 38± ac
FARM C: 41 Total Acres - Sec. 34 Twp. 4N R 9E
TRACT 6: About 38+/- ac
with 25+/- acres cropland and 11+/- acres woodland. Older house/building site on Interstate Block Rd. with usable barn. Pond just south of Tract 4 house. Road frontage on Thompson and West Interstate Block Rd. Well located. Nice combination of cropland, woodland and stream for all types of uses.

Tract 7: 3± ac with 1,839 sq. ft. Bedford Stone house, built in 1960 and two barns. Address: 916 N. Thompson Rd., Madison. Nice setting. Good project home to work on this winter.

Tract 8: 21.6± ac
FARM D: 203 Total Acres - Sec. 6 Twp. 3N R 9E
TRACT 8: 21.6+/- ac
with about 5+/- acres cropland and nice woodland. Older 869 sq. ft. house and 2 barns. Address: 607 1000W, Lexington.

Tract 9: 40± ac with 37+/- acres cropland. Nice tract for farm operations or long term investment.

Tract 10: 35.8± ac with 30+/- acres cropland. Good frontage on South CR 1000W and Polk Rd. Pretty tract here.

Tract 11: 105.5± ac with 34+/- acres cropland and balance mature woodland. See agent about timber information. Address: 9260 W. Polk Rd., Lexington.

TRACT MAP(S)

FARM A - TRACTS 1-3

FARM B - TRACTS 4-5

FARM C - TRACTS 6-7

FARM D - TRACTS 8-11

SOIL INFORMATION


FARM A - TRACTS 1-3


FARM B - TRACTS 4-5


FARM C - TRACTS 6-7


FARM D - TRACTS 8-11

AREA MAP(S)

PROCEDURES: The property will be offered in 11 individual tracts, any combination of tracts, or as a total 592+/- 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 after presentation of a title commitment. Estimated closing date shall be on or before February 1, 2018.

POSSESSION: At closing. 2018 crop rights and timber rights to be conveyed.

REAL ESTATE TAXES: Seller will pay the 2017 taxes due and payable in 2018. Buyer(s) shall assume all subsequent taxes. Taxes estimated at $17,603.00. See agents for estimated tax per tract.

ACREAGE: Acreages are estimates based on legal descriptions and Jefferson County tax records.

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.