Auction is over
110 Acres Offered in 3 Tracts
Pennville, IN · Owner: GREG & RITA MILLER and CRAIG & VICKI MILLER
- Auction dateThu, Jan 7, 2010 ET
- Acres110±
- Tracts3
- Auction held atPennville Community Center.
- Productive Tillable Land
- Wildlife Habitat
- 3 tracts
Property location
1-1/2 miles north of Pennville on SR 1 to CR 550, then east ¾ mile to property.
Auction location
Pennville Community Center.
Property description
SOIL TEST REPORT available by contacting sale manager.
Real Estate Taxes – ’08 pay ’09 - $1,265.58
’09 Ditch Tax - $146.86
BID ON ANY TRACT OR
ANY COMBINATION OF TRACTS
THAT BEST FITS YOUR NEEDS!
Tract descriptions
| Tract | Acres | Description |
|---|---|---|
| 1 | 38± | all cropland with 1270’ of frontage on 550 N. |
| 2 | 50± | all cropland with 660’ of frontage on 750 W. |
| 3 | 22± | with 50’ owned access to CR 550 N and 20 acres of Wildlife Habitat thicket |
Area map
Tract map
Soil information
Plat map
Terms
PROCEDURE: The property will be offered in 3 individual tracts, any combination of tracts, or as a total 110-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.
DOWN PAYMENT: 10% down payment on the day of auction with the balance in cash at closing. The down payment may be made in the form of cashier’s 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 owner’s title insurance policy in the amount of the purchase price.
DEED: Seller shall provide Warranty Deed.
CLOSING: The balance of the real estate purchase price is due at closing, which will take place within 15 days of presentation of insurable title.
POSSESSION: At closing.
REAL ESTATE TAXES: Seller to pay 2009 real estate taxes due 2010 and Buyer to pay all real estate taxes due thereafter. Buyer pays any 2010 ditch tax.
ACREAGE: All boundaries are approximate and have been estimated based on current legal descriptions and/or aerial photos.
SURVEY: A new survey will be made where there is no existing legal description or where new boundaries are created by the tract divisions in this auction. Buyer(s) and Seller will share survey expense 50:50. Combination purchases will receive a perimeter survey only. Closing prices will be adjusted to reflect any differences between advertised and surveyed acres on all tracts.
AGENCY: Schrader Real Estate & 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 â€
Documents & downloads
Photos
