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REAL ESTATE AUCTION - 72.5+/- ACRES OFFERED IN 4 TRACTS IN MIAMI COUNTY, INDIANA

Macy, Indiana - Miami County

Owner: James R. & Ada J. Smith Tue, Nov 5, 2019

SOLD FOR $279,000

• 72.5+/- Acres offered in 4 Tracts • 4 Bed, 2 Bath Country Home • Excellent Hunting & Recreation • Ponds & Woods • Possible Building Sites • ONLINE BIDDING AVAILABLE You may bid online during the auction at www.schraderauction.com. You must be registered One Week in Advance of the Auction to bid online. For online bidding information, call Schrader Auction Company at 800-451-2709.


OPEN HOUSE/INSPECTION DATES

Monday, October 14 from 4-6pm & Sunday, October 20 from 1-3pm or call the auction manager for a private showing.

PROPERTY LOCATION

332 W 1000 N, Macy, IN 46951 - From the intersection of St. Rd. 19 & St. Rd. 16, travel west on Co. Rd. 1000N approximately 2 miles to property.

AUCTION LOCATION

Denver Community Building, 196 South Emmons Street, Denver, IN 46926

TRACT DESCRIPTIONS

Tract 1: 2.5± ac Spacious 2.5+/- acre lot which includes 4 bedroom country home. Home also has living room, kitchen, & 2 baths. Investigate for a country starter home or for rental income. May be combined w/ other tracts for additional acreage.

Tract 2: 22± ac which includes a large stocked pond. Tract has just been removed from CRP. Excellent hunting & recreation or possible building site.

Tract 3: 28± ac w/ large amount of frontage on Co. Rd. 1000N. Gently rolling, multiple shallow ponds. Tract has also just been removed from CRP. Excellent hunting & recreation or possible organic farming.

Tract 4: 20± ac SWING TRACT that is 95% wooded w/ excellent hunting. This tract will need to be combined or bid on by adjoining land owner. Investigate with Tract 3 for 48+/- acre parcel of land w/ good diversability.

TRACT MAP(S)

SOIL INFORMATION

AREA MAP(S)

PROCEDURE: This property will be offered in 4 individual tracts & as a total 72.5+/- acres, subject to swing tract limitations. There will be open bidding on all tracts & combinations during the auction as determined by the Auctioneer. Bids on tracts, tract combinations & the total property may compete.

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.

DOWN PAYMENT: 10% down payment on the day of 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, & are capable of paying cash at closing.

CLOSING: The balance of the purchase price is due at closing. The targeted closing date will be approximately 30 days after the auction. Costs for an administered closing shall be shared 50:50 between Buyer(s) & Seller.

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

POSSESSION: Possession is at closing.

REAL ESTATE TAXES: Prorated to the day of closing.

ACREAGE: All tract acreages, dimensions & proposed boundaries are approximate & have been estimated based on aerial photos & the current legal description.

SURVEY: The Seller(s) 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(s) & Seller. The type of survey performed shall be at the Sellers option sufficient for providing title insurance. Closing prices shall be adjusted to reflect any difference between advertised & surveyed acres except on Tract 1, if a new survey is determined to be necessary by the Seller. Tracts bid in combinations shall receive a perimeter survey only.

AGENCY: Schrader Real Estate & Auction Company, Inc. & its representatives are exclusive agents of the Seller.

DISCLAIMER & ABSENCE OF WARRANTIES: All information contained in this brochure & all related materials are subject to the terms & conditions outlined in the Purchase Agreement. The property is being sold on an AS IS, WHERE IS basis, & no warranty or representation, either expressed or implied, concerning the property is made by the Seller or the Auction Company. All sketches & dimensions in the brochure are approximate. Each potential bidder is responsible for conduction his or her own independent inspections, investigations, inquiries, & 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 Seller or the Auction Company. Conduct of the auction & increments of bidding are at the direction & discretion of the Auctioneer. The Seller & 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.

Auction Brochure

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