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REAL ESTATE AUCTION - 168+/- ACRES OFFERED IN 8 TRACTS IN MARSHALL COUNTY, INDIANA

Marshall County, Indiana - Tippecanoe & Walnut Townships

Owner: Timothy Thompson & Michelle (Shelly) Hollar Thu, Feb 21, 2019

SOLD FOR $1,313,550

FARM EQUIPMENT AUCTION ON FRIDAY, FEB. 15 @ 10AM • 168+/- Acres offered in 8 Tracts • 2 Country Homes • Productive Tillable Land • Potential Building Sites • Pasture • Woods • Near Argos & Tippecanoe • Note: Do not miss this great opportunity to buy any tract, combination of tracts or the entire property! Home buyers, productive tillable land, building sites and hunters, come inspect the potential!

Look for the Farm Equipment Auction on Friday, February 15 at 10AM, held at 6789 18th Rd., Argos, IN


OPEN HOUSE/INSPECTION DATES

Saturday, January 26 from 10am - Noon
Thursday, January 31 from 4:30-6pm

Meet a Schrader Rep at the house on Tract 4.

PROPERTY LOCATION

Tracts 1-6: 2.5 miles east of Argos or 4.5 miles west of SR 331 on SR 10 to Hickory Rd. then turn south 1.5 miles.
Tract 7: 3/4 mile west of SR 331 at Old Tip Town on 17B Rd.
Tract 8: 5 miles east of Argos or 2 miles west of SR 331 on SR 10 to Fir Rd. turn south on Fir Rd. 1 mile just south of 17th Rd.

AUCTION LOCATION

18325 SR 331, Tippecanoe, IN. At the Tippecanoe Twp. Fire Station/Community building.

TRACT DESCRIPTIONS

Tract 1: 17.5± ac approximately 12+/- acres tillable and 5.5+/- acres of woods. Great potential building site, road frontage on Hickory Road south of 18th Rd.

Tract 2: 12.5± ac approximately 125 ft. of road frontage on Hickory Rd. 6.5+/- acres of tillable land, pasture, potential building site and approximately 6+/- acres woods, hunting and recreation.

Tract 3: 58± ac all tillable productive land at the intersection of Hickory and 18th Rd.

Tract 4: 5± ac 6589 18th Rd., Argos, IN. 2 Story, 3 bedroom, country home approximately 2340 square feet, with bath and a half, heated shop and equipment storage with rest room and a livestock / storage building. GSI 9 ring 36 ft., 25,000 bushel and a 9 ring, 30 ft., 15,000 bushel bins. There is a Super B AS-1000 dryer, that will be bid in the equipment auction, the buyer of Tract 4 may at the end of the real estate auction, buy the dryer for $1000 over the high bid at the equipment auction.

Tract 5: 12± ac SWING TRACT, this is currently a fenced area for livestock. This tract must be purchased with any adjoining tract and cannot be purchased by itself. Buyers of Tracts 3 and 5 may choose to combine this Tract for contiguous tillable land.

Tract 6: 50± ac all productive tillable land with approximately 350+/- feet road frontage on 18th Rd.

Tract 7: 10± ac nearly all tillable land and potential secluded building site with 100 ft. on frontage on 17B Rd.

Tract 8: 3± ac 1100+/- square foot, project, country home with three bedrooms, detached garage, barn and 2 pole buildings for livestock and storage. 5 miles east of Argos or 2 miles west of SR 331 on SR 10 to Fir Rd. turn south on Fir Rd. 1 mile just south of 17th Rd.

AREA MAP(S)

PROCEDURE: The Tracts 1-8 will be offered in individual tracts, and in any combination of these tracts, or as a total unit. There will be open bidding on all tracts and combinations during the auction as determined by the auctioneer. property will be bid in the manner resulting in the highest total sale price.

DOWN PAYMENT: 10% of the accepted bid as down payment on the day of the auction with balance in cash at closing. The down payment may be 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.

APPROVAL 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.

DEED: Sellers shall provide a Warranty Deed.

EVIDENCE OF TITLE: Seller shall provide title insurance in the amount of the purchase price.

CLOSING: Closing shall take place 30 days after proof of merchantable title.

POSSESSION: At closing.

REAL ESTATE TAXES: Sellers shall the 2018 taxes due In 2019. Buyer pays all taxes thereafter.

DITCH ASSESSMENTS: Buyer shall pay all ditch assessments due after closing.

ACREAGE: All acreage is approximate and has been estimated based on current legal descriptions and/or aerial photos.

SURVEY: AT THE SELLERS OPTION, the Seller shall provide a new survey where there is no existing legal description or where new boundaries are created by the tract divisions in the auction. Any need for a new survey will be determined solely by the Seller, cost of the survey will be split 50/50 between Buyer and Seller. The type of survey performed shall be at the Sellers option and sufficient for providing title insurance. Closing prices shall be adjusted to reflect any difference between advertised and surveyed acres on tracts, there shall be no adjustment on parcels or combinations of parcels that include improvements, Tracts 4 and or 8. If a new survey is determined to be necessary by the Seller. Tracts bid in combinations shall receive a perimeter survey only.

EASEMENTS: The sale of the property is subject to any and all easements of record. DISCLAIMER AND ABSENCE OF WARRANTIES: All information contained in this brochure and all related materials is subject to the Terms and Conditions outlined in the Purchase Agreement. ANNOUNCEMENTS MADE BY THE AUCTION COMPANY AT THE AUCTION PODIUM DURING THE TIME OF THE SALE WILL TAKE PRECEDENCE OVER ANY PREVIOUSLY PRINTED MATERIAL, OR ANY OTHER ORAL STATEMENTS MADE. Tract acreage has been estimated based on aerial photographs. The property is being sold on an 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, inquires, 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. All sketches and dimensions in this brochure are approximate. Except for any express warranties set forth in the sale documents, purchaser(s) assumes all risks thereof and acknowledges that in consideration of the other provisions contained in the sale documents, Seller and the Auction Company make no warranty or representation, express or implied or arising by operation of law, including an warranty of merchantability or fitness for a particular purpose of the property, or any part thereof, and in no event shall Seller or the Auction Company be liable for any consequential damages. Conduct of the auction and increments of bidding are at the direction and discretion of the auctioneer. The Seller and Auction Company 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.

Auction Brochure

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