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REAL ESTATE FOR SALE - 392.4+/- ACRES - CROPLAND, WOODS FOR HUNTING/RECREATIONAL, POND & POTENTIAL BUILDING SITES

Property on Meridian Road and 200 S in Morocco, IN 47963 - Newton County

List Price: $6,300/ac Code: JHMWW06N

• Total Acreage: 392.40 ac • Tillable: 355 ac

PROPERTY DESCRIPTION

This property offers productive tillable land and a CRP contract on 17.1 acres, with a high rental rate, for conservation and wildlife habitat. The wooded and grass ridge that crosses part of this property shows signs of heavy deer activity and would also be a beautiful setting for a home or cabin. This property is in a prime deer location and do not overlook the pond stocked with bass, bluegill and catfish. There is also a very functional 48ft x 96ft machine shed with a concrete floor and electric. The sellers will consider divisions of the property.

PROPERTY/LISTING DETAILS:

Possession Date: At closing subject to farm tenant rights which expire January 1, 2021

Taxes: 2018 Real Estate Taxes Payable 2019 - Property east of Meridian Road (2 tax IDs): $5,089.70 - Drainage Assessments: $257.97- 2018 Real Estate Taxes Payable 2019 - Property west of Meridian Road (1 tax ID): Not available at this time due to a past split. Drainage Assessments: $312.44

Zoning: Ag

Other: The sellers will consider divisions of the property.

Note: County tax records show 210.21 acres on the property east of Meridian Road while a 2014 survey shows 211.427 +/- acres. County tax records show 182.251 acres on the property west of Meridian Road. Total acres from County Tax records is 392.461.

School District: North Newton School Corporation

Elec. Source: Newton County REMC

FSA DATA:

FSA Cropland: 357.53* acres of which 17.1 acres is in CRP. *Listing Company estimates approximately 2.5 acres of FSA Cropland not part of property being sold. Contact listing agents for FSA Aerial and other information.

Corn Base Acr.: 182.5, PLC Yield: 131

Wheat Base Acr.: 4.2, PLC Yield: 44

Soybean Base Acr: 110.0, PLC Yield: 37

Conservation Reserve Program (CRP): 17.1 acres; Annual Rental Rate Per Acre - $339.83; Contract expires: September 30, 2025

Buyer shall assume the existing CRP contract obligations and shall timely sign all documents required by the FSA Office in connection therewith. Any penalty, repayment and/or interest assessed due to termination, noncompliance and/or owner-ineligibility after closing shall be the responsibility of the Buyer.

Improvements: 48ft X 96ft Pole Building with concrete floor and 220 amp electric service. 23ft 4in wide x 14ft high door, 23ft 4in wide x 12 ft high clearance door & 15ft 3in wide x 12ft high clearance door.

Owners: John and Peggy Luzer


PROPERTY LOCATION

Property on Meridian Road and 200 S in Morocco, IN 47963: From east of Morocco at the intersection of U.S. 41 and St. Rd. 114, go east on St. Rd. 114 for 2.2 miles to Meridian Road. Go north on Meridian Road for 2 miles to the property.


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