Schrader Real Estate & Auction Co., Inc. Schrader Real Estate & Auction Co., Inc.
 
Receive auction and real estate auction notices by mail or email!
 
Schrader auctioned 69,000 contiguous acres at auction, believed to be the largest property sold at auction in recent US history

 
Search

land auctions and real estate auctions
FAX: 260-244-4431
 

 


120 Acres in 4 Tracts - 100 Tillable Acres & Woods
Wednesday, November 14, 7:00 pm
Onward, IN · Cass County

Owner: Joe & Susan Rush
Contact Sales Manager:
Ritter D. Cox
(260) 609-3306


Request a Brochure:
Mail me this Brochure




  • Excellent 5 Year Average Corn & Soybean Yields
  • Attention! Agribusinessmen, Investors & Recreational Buyers
  • Some of Indiana's Highest Quality Yields
  • 100 Tillable Acres
  • 20 Acres of Recreational/Woodlands
  • Northwest of Kokomo, IN
  • Southeast of Logansport, IN

  • Email this auction to a friend

    Photo Gallery    

    PROPERTY LOCATION:
    From Walton, IN at the intersection of St Rd 218 & St Rd 35, travel east 2 1/4 miles to CR 900 E, then north 1 mile to CR 600 S, then 1/2 mile west to CR 950 E, then north approximately 1 3/4 miles to property. Property is located approximately 1 mile north of Onward, IN.


    AUCTION LOCATION:
    Onward Volunteer Fire Department, West Side Road, south edge of Onward, IN.

    PROPERTY DESCRIPTION:
    on CR 450 W.
    Tract 1: 48 acres tillable highly productive farmland, excellent high productive soils. Combine with Tract 4 for 69 acres of highly efficient farming. on CR 450 W.
    Tract 2: 29 acres tillable highly productive farmland, excellent high productive soils. Combine with Tract 3 to have open land with some woodland. Great possible large building site. on CR 450 W.
    Tract 3: 22 acres of woodland with 60 owned access from CR 950 W. Inspect this tract for possible long-term investment and timber or recreation and hunting. Nice seclusion in middle of section. Woods is enrolled in Indiana Forest Reserve Program. on CR 450 W.
    Tract 4: 21 acre swing tract needs to be bid on by adjoining landowner or combined with Tracts 1 or 3. Level productive farmland, soils are predominately Cyclone and Fincastle.
    AUCTION TERMS & CONDITIONS:

    PROCEDURE: Tracts 1-4 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. Tract 4 is a swing tract and must be purchased by an adjoining landowner or in combination with other tracts with road frontage. The property will be bid on in the manner resulting in the highest total sale price.
    DOWN PAYMENT: 10% of the accepted bid as down payment on the day 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: Seller 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 15 days after proof of merchantable title.
    POSSESSION: At closing. Buyer will need to close before December 20, 2007.
    REAL ESTATE TAXES: Seller shall pay real estate taxes for 2007 due in 2008, Buyer shall pay taxes there after.
    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, if a new survey is determined to be necessary by the Seller. Tracts bid in combinations shall receive a perimeter survey only. There shall be no adjustment for Tracts or combinations of tracts 12 acres or less.
    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.

    © 2008 Schrader Real Estate & Auction Co., Inc.
    RSS 2.0
    Sales Manager Access