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SOLD

LAND AUCTION - 166+/- ACRES IN 4 TRACTS IN WAYNE COUNTY, INDIANA

Wayne County, Indiana - Boston Township, Section 29

Owner: S. Jackson Hunt Estate (1/2) and Beverly R. Hunt Credit Trust (1/2) US Bank, Wealth Management Pers. Rep. and Howard Hunt, Trustee Tue, Nov 24, 2020

AUCTION IS OVER

TOTAL SOLD: $785,000

Tract(s): 1 @ $275,000 ($4,749/acre)
Tract(s): 2-4 @ $510,000 ($4,715/acre)

• 166+/- Acres in 4 Tracts • Pristine Beauty and Quality Hunting • Area known for Heavy Whitetail Population • Great Mix of Recreational land w/income producing tillable acres • 88+/- FSA Crop Acres, 2021 Crop Rights to Buyer • 5 miles south of Richmond, IN w/easy access off US 27 • Scenic Elkhorn Creek frontage with mature woods • Come examine all of the possibilities this property has to offer! • 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.


Auction Info Book


OPEN HOUSE/INSPECTION DATES

Wednesday, November 4th from 11:00 am - Noon
Tuesday, November 10th from 11:00 am - Noon
Wednesday, November 18th from 11:00 am - Noon

PROPERTY LOCATION

Adjacent to 5051 Esteb Road, Richmond, IN 47374. Take US 27 south of Richmond 5 miles to Esteb Rd. Left on Esteb Rd. Farm will be on the east side of the road with 2 different points of frontage.
NOTE: Buildings not included in the auction.

AUCTION LOCATION

Wayne County Fairgrounds (Kuhlman Building Lobby). 861 N. Salisbury Road, Richmond, IN 47374.

TRACT DESCRIPTIONS

Tract 1: 57.9± ac with 47+/- FSA tillable acres. Productive tillable land with mature tree-lined fence rows. Currently farmed in 3 fields. Potential estate-size building site offering privacy and seclusion. Mix of Eldean and Miami soils.

Tract 2: 33.2± ac with 17+/- FSA tillable acres. This is a great combination tract with a mix of open land and wooded terrain. Perfect for the hunter or outdoorsman. Make your food plots here or investigate this as a potential building site.

Tract 3: 26.7± ac featuring wooded land and thicket split by the Elkhorn Creek. 40 ft. owned access strip from Esteb Rd. Consider combining with Tract 1 or Tract 4. Some potential timber value. Great opportunity here!

Tract 4: 48.2± ac nearly all wooded. This tract offers you mature woods and beautiful views of Elkhorn Creek. The Elkhorn is a tre gem featuring meandering waters and impressive limestone rock walls. You will find abundant wildlife great for recreation. An 80 ft. owned access strip form Esteb Road.

TRACT MAP(S)

AREA MAP(S)

PROCEDURES: The property will be offered in 4 individual tracts, any combination of tracts, or as the total 166+/- acre unit. There will be open bidding on all tracts and combinations during the auction as determined by the Auctioneer.

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: Seller(s) shall provide a Trustees Deed and Personal Representatives Deed.

CLOSING: The balance of the real estate purchase price is due at closing, which will take place on or before December 28th, 2020.

POSSESSION: Possession will be delivered at closing. Buyer to receive 2021 CROP RIGHTS!

REAL ESTATE TAXES/ASSESSMENTS: Seller to pay taxes for the 2020 period due and payable in 2021 by giving the buyer(s) a credit at closing.

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

SURVEY: Prior to the auction, a new survey will be made as there is no existing legal description for the property. Surveys will also be created where new boundaries are created by the tract divisions in this auction. Buyer(s) and Seller will share survey expense 50:50 of both the pre-auction survey and any further tract division that is needed. Combination purchases will receive a perimeter survey only. Closing prices will be adjusted to reflect any differences between advertised and surveyed acreages.

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.

STOCK PHOTOGRAPHY: Photos of Wildlife are for illustrative purposes only and are not of the auction property.