• Property photo 1 - 119 Acres in 6 Tracts
  • Property photo 2 - 119 Acres in 6 Tracts
  • Property photo 3 - 119 Acres in 6 Tracts
  • Property photo 4 - 119 Acres in 6 Tracts
  • Property photo 5 - 119 Acres in 6 Tracts
119 Acres in 6 Tracts

119 Acres in 6 Tracts

New Lisbon, IN

Owner: Jack E. Wissler Estate, Chris Wissler, Executor, Joe Bergacs, Attorney Thu, Dec 17, 2009 EASTERN

AUCTION IS OVER

• South of New Castle & North of Dublin • 50 miles East of Indianapolis • USDA Cropland 97.8 Acres • Great Brick Home (Circa 1860) • Recreational Land • Adjoins I-70


OPEN HOUSE/INSPECTION DATES

Sat., Dec. 5 from 9-11 AM & Sat., Dec. 12 from 9-11 AM

PROPERTY LOCATION

Property 1: 77.9 acres: 7307 Dublin Pike, Straughn. From Dublin stop light north on Dublin Pike approx. 5 mi. to I-70. Property is on both sides of I-70. From New Lisbon south on Dublin Pike 1 mi. to I-70. Property 2: 42 acres: West side of Straughn. From stoplight on Hwy. 40 north to Charles St. then west to end of street on the left.

AUCTION LOCATION

New Lisbon Community Center at the southeast corner of town. New Lisbon is ½ mi. north of I-70 at the Wilbur Wright exit between the New Castle and Cambridge City exits. Proceed from I-70 north to stop sign then northeast on Wilbur Wright Rd. Building is on the right past fire station.

TRACT DESCRIPTIONS

Tract 1: 25± ac all cropland. Top Cyclone and Crosby soils. I-70 billboard paying $1,300/yr. Good frontage on Dublin Pike.

Tract 2: 15± ac with 6 acres cropland and balance in woods and stream. Access is county road.

Tract 3: 21± ac with 19 acres cropland. Top Cyclone and Crosby soils. Along south side of I-70. Frontage on Dublin Pike.

Tract 4: 2± ac with historic 2 story brick farmhouse. Circa 1860’s. Garage, summer kitchen and 50’ x 72’ Morton Barn built 2003. Don’t miss this unique property. Remodeled country home with nice kitchen.

Tract 5: 14± ac with great duck pond, stream and pasture. Well fenced.

Tract 6: 42± ac all cropland. Crosby and Cyclone soils. City sewer. Good frontage on Charles Street. Adjoins Straughn.


AREA MAP

Satellite area map of the auction location near New Lisbon, IN

TRACT MAP(S)

Tract map - 119 Acres in 6 Tracts

Tract map - 119 Acres in 6 Tracts

PLAT MAP(S)

Plat map - 119 Acres in 6 Tracts

PROCEDURES: The property will be offered in 6 individual tracts, any combination of tracts, or as a total 119 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.

DOWNPAYMENT: Real Estate 10% down payment on the day of the auction with the balance in cash at closing. The down payment may be made 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.

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 Seller’s acceptance or rejection.

EVIDENCE OF TITLE: Sellers shall provide an owner’s title insurance policy in the amount of the purchase price.

DEED: Sellers shall provide Executor’s Deed.

CLOSING: The balance of the real estate purchase price is due at closing, which will take place within 15 days of presentation of title policy est. on or before February 1, 2010.

POSSESSION: At closing.

REAL ESTATE TAXES: Buyer to pay taxes November 2010. Taxes 2009: Property #1 $2,509.46 and Property #2 $1,107.98.

ACREAGE: All boundaries are approximate and have been estimated based on current legal descriptions.

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 acreage’s.

FSA INFORMATION: Farm #295, Tracts #756 and #177. Total 97.8 acres cropland. Direct payment of $1,854/yr. See Agent.

EASEMENTS: Sale of the property is subject to any and all easements of record.

MINERAL RIGHTS: The sale shall include 100% of the mineral rights owned by the Seller.

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 â€

None at this time