• Recreational Tracts • Potential Building Sites • 11 Lakes and Ponds • Boating and Fishing • Hunting & Recreation • Beautiful Views • Quiet Country Settings • 5 Minutes from Boonville • 20 Minutes from Evansville
1,025 Acres in 24 Tracts - Exellent Recreation Opportunity - Potential Building Sites - 11 Lakes & Ponds
Boonville, IN - Warrick County
Owner: Midwest Coal Reserves of Indiana, LLC and the Hemenway Heirs Sat, Aug 8, 2009 EASTERNAUCTION IS OVER
OPEN HOUSE/INSPECTION DATES
Saturday, July 11 from 9-11am
Sunday, July 12 from 12-3pm
Friday, July 24 from 4-6pm
Saturday, July 25 from 9-12pm
Friday, August 7 from 4-6pm
Meet a Schrader Representative at the Entrance of Tract 5 for Additional Information and a Chance to Tour the Property.
PROPERTY LOCATION
From the courthouse in Boonville, IN, take SR 61 north approx. 5 miles to Kelly Road. Turn east on Kelly Road and travel 1 mile to the Northwest corner of the property.
AUCTION LOCATION
Warrick County Fairgrounds - Alcoa Building located at 133 E. Old Degonia Road, Boonville, IN.
PROPERTY DESCRIPTION
FOR THE HOMESITE BUYER: Consider the beautiful and diverse setting of this property just outside of Boonville and less than 30 minutes to Evansville. Soil reports for septic systems for many of the tracts will be available from the Health Department.
FOR THE HUNTER/RECREATIONALIST: This property is a nature lover's dream with a great mix of wooded land, water and grassland. Small and large buyers alike can compete on the setting they desire. Come investigate the awesome hunting which includes deer, turkey, quail and rabbit!
FOR THE FISHERMAN: Enjoy some of the best fishing in the area with bass, bluegill and crappie. Some of this water may be as deep as approximately 30 or 40 feet. These lakes offer some of the best fishing in the area.
FOR THE INVESTOR: Rural Real Estate has enjoyed strong appreciation for several years and continues to be a good long term investment. Consult your tax advisor relative to 1031 like-kind exchange possibilities. This is an investment you can truly enjoy!
FOR THE DEVELOPER: Consider the development potential of large land tracts near Boonville & Evansville and quick access to SR 61 & I-64. Possibilities abound for the development of a recreational retreat with seclusion and an abundance of nature and beautiful lakes.
AREA MAP
TRACT MAP(S)
AREA MAP(S)
PROCEDURE: Tracts 1 through 24 will be offered in individual tracts, in any combination of these 24 tracts, or as a total property, subject to swing tract limitation. 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. The bidder(s) whose bids result in the highest aggregate sale price will sign purchase agreements that will be subject to the Owner's acceptance or rejection.
DOWN PAYMENT: 10% of the Contract Purchase Price as down payment on the day of auction with the balance in cash at closing. If the bidder pre-registers with the Auction Company on or before Saturday, August 1, then cash or a personal check will be accepted for the down payment (contact Auction Company for a pre-registration form or go to www.schraderauction.com). If bidder does not pre-register, a bank letter of credit or guarantee will be required with a personal check for the 10% down payment, OR bidder must present a $5000 cashier's check with a personal check for the balance of the down payment (if any balance exists) on auction day. YOUR BIDDING IS NOT CONDITIONAL UPON FINANCING, SO BE SURE YOU HAVE ARRANGED FINANCING, IF NEEDED, AND ARE CAPABLE OF PAYING CASH AT CLOSING.
BUYER'S PREMIUM: The Buyer's Premium of 6% will be charged to the Buyer. The Buyer's premium shall be added to the high bid to obtain the Contract Purchase Price.
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. Bids are subject to acceptance or rejection by the Owner.
DEED: Seller will convey by Special Warranty Deed(s).
EVIDENCE OF TITLE: The Owner agrees to furnish a Title Insurance Commitment. The preliminary commitment will be available for review prior to the auction. If buyer desires Title Insurance said cost will be at the buyer's expense.
CLOSING: The closing shall take place 30 days after the auction day, or as soon thereafter as applicable closing documents are completed by Seller.
POSSESSION: Possession at closing.
MINERAL RIGHTS: No mineral rights of any type shall be conveyed to the buyer.
REAL ESTATE TAXES: The 2008 calender year taxes due in 2009 shall be paid by the owner at closing. The 2009 taxes due in 2010 shall be paid by the buyer.
ACREAGE AND TRACTS: All acreages are approximate and have been estimated based on current legal descriptions and/or aerial photos. Any corrections, additions, or deletions will be made known prior to the auction. The property is subject to compliance with any or all ordinances established and governed by the Warrick Co. Area Planning Commission.
SURVEY: Owner shall provide a survey for any tract where there is no existing legal description or where new boundaries are created by the tract division for the auction. Any need for a new survey shall be determined solely by the Owner. If a new survey is determined to be necessary, the Owner and the Buyer(s) shall share the cost of the said surveys (50:50). The type of survey prepared shall be determined by the Owner so long as it is sufficient for issuance of the title insurance policy. Closing prices shall be adjusted to reflect any difference between advertised and surveyed acres on any tracts or combination of tracts that require a survey.
SHARED LAKE RIGHTS: Buyers of a tract or tracts having a body of water shall have access to the entire surface of the body of water, as more specificlly set out in the purchase contract.
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. Owner and Auction Company disclaim any and all responsibility for Buyer's safety during any physical inspection of the property.
AGENCY: Schrader Auction Co. and its representatives are exclusive agents of the Seller. There shall be no subagency.
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. Tract acreages have been estimated based on aerial photographs and existing legal descriptions. 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. 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. Some photographs within this brochure are used for illustration purposes only. Conduct of the auction and increments of bidding are at the direction and discretion of the Auction Company. The Seller and Auction Company reserve the right to preclude any person from bidding if there is any question as to the person's 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.
NEW DATA, CORRECTIONS AND CHANGES: Please arrive prior to scheduled auction time to inspect any changes, corrections or additions to the property information.
