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SOLD

LAND AUCTION - 80+/- ACRES IN 2 TRACT IN HENRY COUNTY, INDIANA

Henry County, Indiana - New Castle, Indiana

Owner: Kellam Family Limited Partnership LLC Thu, Jan 25, 2018

SOLD FOR $625,000

• 80+/- Acres offered in 2 Tracts • Top Soils • Great Access to I-70 • Good Farm Area • Good Investment Tract (Tract 1) • Nice Recreation Tract (Tract 2) • Online Bidding Available • Sec. 4 Twp. 16N R 11E


OPEN HOUSE/INSPECTION DATES

Thursday, January 11 from 3-5pm
Saturday, January 13 from 9-11am

Meet a Schrader agent on Tract 1

PROPERTY LOCATION

From New Lisbon I-70/Wilbur Wright Rd., north to Co. Rd. 500S then west 3 mi. to the corner of Co. Rd. 500S and Co. Rd. 375E.

AUCTION LOCATION

The Gathering, 902 E. Main St., Lewisville, IN 47352. From Lewisville stoplight east on Hwy. 40, 1/2 mile to Co. Rd. 225E then left.

TRACT DESCRIPTIONS

Tract 1: 70± ac all cropland. Good frontage on Co. Rd. 500S and Co. RD. 375E. About 50% high quality Cyclone soils. Corn Index is 157.3 bu. Good ease of operation and clean tract.

Tract 2: 10± ac all woodland. Nice recreation tract for the whole family. Hunt and camp at good location and easy access to I-70.

TRACT MAP(S)

SOIL INFORMATION

AREA MAP(S)

PROCEDURES: The property will be offered in 2 individual tracts, any combination of tracts or as a total 80 acre unit. There will be open bidding on all tracts and combination 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 Corporate 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 March 1, 2018.

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

REAL ESTATE TAXES: Seller to pay installment due and payable 2018 credited at closing. Taxes estimated at $2,739.90/yr.

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. 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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