SOLD

REAL ESTATE AUCTION - 152+/- ACRES OFFERED IN 6 TRACTS IN ADAMS COUNTY, INDIANA

Adams County - Berne, IN

Owner: Kaehr Family Trust Tue, Nov 14, 2023 EASTERN

AUCTION IS OVER

TOTAL SOLD: $1,560,000

Tract(s): 1+2 @ $985,000 ($16,982/acre)
Tract(s): 3+4 @ $260,000 ($5,652/acre)
Tract(s): 5 @ $105,000 ($4,375/acre)
Tract(s): 6 @ $210,000 ($8,750/acre)

• Adams County - Berne, IN • Productive Tillable Land • Hunting and Recreation

Tracts 4-6 offer 3,500 ft. +/- of frontage on the Wabash river! Tracts 2-6 are located in the Wetland Reserve Program. Contact Al Pfister for a list of allowable uses.


Auction Info Book


OPEN HOUSE/INSPECTION DATES

Tuesday, October 31 from 4-6pm
Saturday, November 4 from 10am-12pm

PROPERTY LOCATION

From Berne, IN travel 2 miles north on US 27 to CR 400S, then west 5.25 miles to property.

AUCTION LOCATION

Lehman Park Pavilion - 212 Park Ave, Berne, IN 46711

TRACT DESCRIPTIONS

Tract 1: 29± ac 27+/- tillable with 640 ft. +/- frontage on CR 400S. Soils are Pewamo, Haskins and Blount.

Tract 2: 29± ac 24+/- tillable w/ 640 ft. +/- frontage on CR 400S. Soils are Pewamo, Rawson and Blount.

Tract 3: 22± ac of recreational land with 30 ft. deeded access.

Tract 4: 24± ac with 475 ft. of frontage on CR 400S.

Tract 5: 24± ac of recreational land with 560 ft. +/- frontage on CR 400S.

Tract 6: 24± ac of recreational land with 1,020 ft. +/- frontage on CR 400S.

TRACT MAP(S)

AREA MAP(S)

PROCEDURE: The property will be offered in 6 individual tracts, any combination of tracts and as a total 152+/- 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.

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.

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

DEED: Seller shall provide Trustee Deed(s).

CLOSING: The targeted closing date will be approximately 30 days after the auction.

POSSESSION: Possession is at closing subject to Tenant(s) rights.

REAL ESTATE TAXES: Real estate taxes will be prorated to day of closing.

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: 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 this auction. Any need for a new survey shall be determined solely by the Seller. Seller and successful bidder shall each pay half (50:50) of the cost of the survey. The type of survey performed shall be at the Sellers option and sufficient for providing title insurance. Combination purchases will receive a perimeter survey only. Tract divisions are subject to the approval of the Adams County Building and Planning Department.

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 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.