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IMPORTANT INDIANA LAND AUCTION - 346+/- ACRES - 3 FARMS OFFERED IN 9 TRACTS IN WAYNE COUNTY, INDIANA

Wayne County, Indiana - Green, Webster & Center Townships - Near Richmond, Indiana

Owner: Donald and Norma Sittloh Family Trust Tue, Jan 23, 2018

SOLD FOR $1,895,000

• 346+/- Acres (3) Farms offered in 9 Tracts • Farmstead with Home and Buildings • 306+/- FSA Crop Acres • Extensive Drainage Tile and Improved Grass Waterways • 2018 Crop and Timber Rights to Buyer • Investment Quality Tillable Tracts • Potential Building Sites • Great Location with Easy I-70 Access • Only 40 Miles to Dayton, OH • 50 Miles to Indianapolis, IN • Online Bidding Available • The Sittloh Farms presents a great opportunity for the farmer, investor & rural home buyer.Come examine all the possibilities these unique farms have to offer!!!


Auction Info Book


OPEN HOUSE/INSPECTION DATES

Sat., December 30 from 9 - 11 AM
Wed., January 10 from 3 - 5 PM
Wed., January 17 from 3 - 5 PM

Meet Agent on Tract 3

PROPERTY LOCATION

FARM A: Located 1.5 miles south of Williamsburg or 5 miles north of I-70 interchange (exit 145) on Centerville Rd. Physical address: 6535 Centerville Rd., Greens Fork, IN 47345. Frontage on Centerville, Helm and Palmer Rds.
FARM B: Located 1.5 miles north of Williamsburg. From the junction of US 35 and Centerville Rd. (4-way stop) travel north on Centerville Rd. for 1.5 miles to Morgan Creek Rd. Then left 1/4 mile to the farm.
FARM C: Located 5 miles southeast of Centerville. From I-70 take exit 145 to Centerville. From the stoplight at US 40, continue south on Centerville Rd. (Morton Ave.) 4.5 miles to Leadline Rd. Then left (east) 1.5 miles to Smelser Rd. Turn right 1/8 mile to stop sign then left on to Abington Pike. Continue 1 mile to the property. Frontage on Abington Pike and Wambo Rd.

AUCTION LOCATION

KUHLMAN YOUTH CENTER located at the Wayne Co. Fairgrounds, 861 N. Salisbury Rd., Richmond, IN 47374. From I-70, take exit 149A. At stoplight immediately south of interstate, turn right (Industries Rd.) and travel 1 mile to Salisbury Rd. Then left (south) 1 mile to the Fairgrounds.

TRACT DESCRIPTIONS

Tract 1: 71± ac
Farm A: 160 Acres located in Section 17 of Webster Twp., Wayne County. (Located 1.5 miles south of Williamsburg or 5 miles north of I-70 interchange (exit 145) on Centerville Rd.)

TRACT 1: 71+/- Acres nearly all tillable. This is an investment quality tract with extensive drainage tile and a good mix of Treaty, Miami and Strawn soils. Ease of farming operation with frontage on Palmer and Helm Rds. Located in the Northeastern School District.

Tract 2: 75± ac nearly all tillable less 2.8 acres of CRP waterways. Extensive drainage tile and quality soils. Frontage on Centerville, Palmer and Helm Rds. Consider combining with Tract 1 for 146+/- contiguous cropland acres.

Tract 3: 14± ac with 2-story country home, barns, silo, grain bins, support buildings. Located at 6535 Centerville Rd., Greens Fork, IN. Featuring: 3,120 sf home with vinyl windows, 4 BRs, 1 full BA, propane heat and C/A, attached 1-car 12 ft. x 20 ft. vinyl sided garage, spacious 2-story metal-sided livestock barn with lean-to, 12 ft.x50 ft. concrete silo and 41 ft.x80 ft. concrete feedlot slab, newer 20 ft.x30 ft. metal-sided detached garage / workshop with overhead and service door, (2) 24 ft.x17 ft. steel grain bins and additional support buildings. Great location. Frontage on (2) roads. Take advantage of this opportunity. 10+/- acres of quality tillable land included with the improvements (only 2 miles to the Wayne Co. Produce Auction.

Tract 4: 35± ac
Farm B: 160 Acres located in Section 30 of Green Township, Wayne County. (1.5 miles north of Williamsburg with frontage on Morgan Creek Rd.)

TRACT 4: 35+/- Acres nearly all tillable with quality frontage on Morgan Creek Rd. A lot of newer drainage tile in this tract. Add this to your farming operation or consider it for an estate-size building tract.

Tract 5: 46± ac of gently rolling land featuring 40+/- tillable cropland acres with the balance in woods and grassed waterways. Nice frontage on Morgan Creek Rd. Consider combining with Tract 6 or Tract 7.

Tract 6: 53± ac (SWING TRACT) 53+/- ACRES with 48+/- cropland acres and the balance in woods and grassed waterways. A in.swing tract in. must be bid in combination with an additional auction tract(s) to give it access OR by a current adjoining landowner. Consider adding with Tract 5 for 99+/- contiguous acres.

Tract 7: 26± ac (SWING TRACT) 26+/- Acres with 8+/- cropland acres. Approximately 18 acres of recreation or pastureland. Must be bid in combination or by an adjoining land owner.

Tract 8: 333± ac
Farm C: 26+/- Acres located in Section 23 of Center Township, Wayne County. (2 miles southwest of Richmond, IN on Abington Pike & Wambo Rds).

TRACT 8: 13+/- Acres with 9 acres of woodland. A perfect tract for the hunter, nature enthusiast or examine the possibility of building your country home here. This private setting features a great location with abundant wildlife. There are approximately 4 acres of open tillable land nestled behind the woods perfect for your food plots or home site. Tracts like this are getting very hard to find. Serviced by Centerville-Abington schools. Frontage on Abington Pike.

Tract 9: 13± ac with 11+/- tillable acres. Another great potential home site. Frontage on Abington Pike and Wambo Rds.

TRACT MAP(S)

TRACTS 1-3

TRACTS 4-7

TRACTS 8-9

SOIL INFORMATION


TRACTS 1-3


TRACTS 4-7


TRACTS 8-9

AREA MAP(S)

PROCEDURES: The property will be offered in 9 individual tracts, any combination of tracts, or as a total 346+/- acre unit (subject to Swing Tract Limitations). 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: The Seller will provide a Preliminary Title Opinion for the review of the prospective buyer(s). At closing, the Seller will provide a Title insurance policy in the amount of the purchase price. All tracts sold As-Is.

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

CLOSING: The balance of the real estate purchase price is due at closing, which will take place on or before February 23, 2018.

POSSESSION: Possession on all tracts will be delivered at closing. Buyer to receive 2018 CROP RIGHTS!

REAL ESTATE TAXES / ASSESSMENTS: Seller will pay 2017 taxes due and payable in 2018 by giving the Buyer a credit at closing equal to the last assessed amount.

ACREAGE: All boundaries are approximate and have been estimated based on current legal descriptions.

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. Inspection dates have been scheduled and will be staffed with auction personnel. 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.

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.

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 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. AUCTION COMPANY OR OWNER NOT RESPONSIBLE FOR ACCIDENTS.