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EXCELLENT CROPLAND AUCTION - 186.5+/- ACRES OFFERED IN 4 TRACTS IN RUSH AND SHELBY COUNTIES, INDIANA

Rush & Shelby Counties, Indiana

Owner: Patricia S. Shirk Estate, Gregg H. Morelock, Special Administrator Wed, Oct 24, 2018

SOLD FOR $1,330,000

• 186.5+/- Acres offered in 4 Tracts • 176+/- Total Cropland Acres or 94% • Great Location Just North of I-74 • Level and Productive Cropland • Good Drainage Outlets • Good Ease of Operation • Online Bidding Available


OPEN HOUSE/INSPECTION DATES

October 8th @ 9:00 to 11:00 AM
October 12th @ 9:00 to 11:00 AM

Meet Agent on Tract 4

PROPERTY LOCATION

From I-74 to St. Paul (Exit 123) then north on County Line 1000W/800E, about 1.25 mi. to Farm #1 then proceed 1/2 mi. north to Farm #2 at the corner of 800E and 900S.

AUCTION LOCATION

St. Paul Gym, 112 School St., St. Paul.
From I-74 (Exit 123) south on County Line Rd. in St. Paul. Then left on Franklin St. proceed 2 blocks to N. Webster St. then left and 3 blocks to School St. to property on the left.

TRACT DESCRIPTIONS

Tract 1: 83.3± ac
FARM #1 - SHELBY COUNTY
83.3+/- ACRES
with 79+ acres cropland and 4 acres woodland. 1/2 Crosby soils. Frontage on County Line Rd. and 1 mi. from I-74 Exit. Good investment tract.

Tract 2: 60± ac
FARM #2 - RUSH COUNTY - 103.2 ACRES - SOIL INDEX 143.6 BU.
60+ acres
all crop land. Mostly top producing Treaty and Celina soils. Frontage on Co. Rd. 900S.

Tract 3: 42± ac with 37+ acres cropland and 4+ acres woodland. Good drainage outlet for Tracts 2 & 3 here and Treaty and Crosby soils. Buy separately or together, all in one field.

Tract 4: 1.2± ac tax parcel with unique brick one story, 675 sq. ft. dwelling. Needs work, but good location. Could be your small place in the country. Taxes $517.42/yr. in 2018.

TRACT MAP(S)

SHELBY COUNTY

SOIL INFORMATION


SHELBY COUNTY


RUSH COUNTY

PLAT MAP(S)

SHELBY COUNTY

RUSH COUNTY

AREA MAP(S)

PROCEDURES: The property will be offered in 4 individual tracts, any combination of tracts, or as a total 186.5+ 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/Special Deed.

CLOSING: The targeted closing date will be approximately 30 days after the auction. The balance of the real estate purchase price is due at closing.

POSSESSION: At closing upon crop removal. 2019 crop rights to be conveyed.

REAL ESTATE TAXES: Seller to pay taxes assessed 2017 payable 2018. Buyer to be given credit at closing for est. taxes payable 2019 per 2018 data. Total 2018 taxes $5,039.06/yr. Rush County Taxes estimated at $2,050.40 and Shelby County $2,988.66.

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: Contact 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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