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REAL ESTATE AUCTION - 155+/- ACRES OFFERED IN 3 TRACTS IN PIKE COUNTY, INDIANA

Petersburg, Indiana - Pike County

Owner: Pickaway County Community Foundation, LLC Thu, Apr 19, 2018

SOLD FOR $707,610

• 155+/- Acres offered in 3 Tracts • 91% Tillable (some with Hwy. 56 frontage) • Productive Armiesburg Soils • Immediate Possession • Hunting - Fishing - Recreation • Online Bidding Available


Auction Info Book


OPEN HOUSE/INSPECTION DATES

Friday, April 6th from 10AM - 12 Noon
Meet a Representative at Tract 1

QUESTIONS
Contact Steve Slonaker at 765-855-2045

PROPERTY LOCATION

DIRECTIONS: From the jct. of St. Hwy. 56 & St. Hwy. 57 at Petersburg to Tracts:
Tract 1: Travel 2.8 miles west on Hwy. 56.
Tract 2: Travel 3.7 miles west on Hwy. 56 to Co. Rd. 375W, turn north and travel 1.5 miles. (Property is 1/4 mile west).
Tract 3: Travel 5.2 miles west on Hwy. 56 to Co. Rd. 500W, turn north .6 miles, turn right then immediately left and proceed 2.5 miles north (watch for signs), turn right & proceed to Tract 3.

AUCTION LOCATION

Pike County Fairgrounds 4-H Building, 1211 W. St. Rt. 56, Petersburg, IN. Behind Hornady Park.

TRACT DESCRIPTIONS

Tract 1: 38± ac having 34.8 tillable acres, fronting Hwy. 56.

Tract 2: 40± ac being all tillable with Armiesburg & Vincennes soils.

Tract 3: 77± ac being 69 tillable acres with the balance woods. There is approx. 1500 ft. of frontage along White River.

TRACT MAP(S)

SOIL INFORMATION


TRACT 1


TRACT 2


TRACT 3

AREA MAP(S)

PROCEDURE: The property will be offered in 3 individual tracts, any combination of tracts and as a total 155+/- 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: 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.

BUYERS PREMIUM: A Buyers Premium equal to 3% of the high bid will be charged to the buyer and added to the high bid to arrive at the contract purchase price.

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: At the buyers option possession will either be at the time of closing or Immediate upon signing a Pre-Closing Access Agreement and depositing an additional 10% (20% total) earnest money deposit with the auction company.

REAL ESTATE TAXES: Real estate taxes will be the responsibility of the Buyer(s) beginning with the 2018 taxes due in 2019 and thereafter.

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.

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

SURVEY: No survey will be proformed. Seller shall convey title using existing legal descriptions MINERAL RIGHTS: All mineral rights owned by the seller shall be conveyed.

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.

OWNER: PICKAWAY COUNTY COMMUNITY FOUNDATION, LLC