• 903 Tillable Acres • Potential Industrial Site • Mature Timber • Excellent Investment • Near South Spencer High School • Public Water Available • Potential Building Sites • Prime Hunting & Recreational • 200+ Acre Island (French Island 2) • Excellent Grain Markets • Adjacent to French Island Marina
1,288 Acre Land Auction in 19 Tracts. 903 Tillable Acres and Mature Timber
15 Miles Southeast of Evansville, IN - Spencer County and 8 Miles Northwest of Owensboro, KY - Daviess County
Owner: Montgomery Farms Inc. Wed, Oct 26, 2011 EASTERNAUCTION IS OVER
OPEN HOUSE/INSPECTION DATES
Thursday, September 29th, 4-6 PM.
Thursday, October 13th, 4-6 PM.
Meet a Schrader Representative at Tract 14.
To view Tract 19 (French Island) check in at Tract 14 to receive additional auction information.
PROPERTY LOCATION
From Rockport travel west on Hwy 66, 9.7 miles to CR 900W (Eureka Road), at Hatfield turn south 1.7 miles to Eureka.
Tracts 1, 2 & 3: From Eureka go east 1 mile on CR 50S.
Tracts 4, 5, 6 & 7: From Eureka go east 1/2 mile on CR 50S to CR 800W turn south .3 mile.
Tracts 8-19: From Eureka go south on CR 850W 1 mile to the northeast corner of these tracts.
AUCTION LOCATION
American Legion in Rockport Indiana.
Directions: From Rockport Indiana take State Hwy 45 south 1.5 miles to the American Legion on the right side of the Hwy.
PROPERTY DESCRIPTION
Auctioneers Statement: Having been owned by the Montgomery family for many decades, this auction represents a rare opportunity to buy some of the most productive farmland in Spencer County. Much of the land is comprised of Huntington soils with a corn production rating of 175 bushel per acre. Other soils such as Henshaw, Alford and Iona produce corn yields near 200 bushel per acre and on occasion exceeding 200 bushel per acre as reported by the farm operation. This offering is suitable for someone looking to relocate or expand their operation. Situated 20 minutes from Evansville, IN and Owensboro, KY. Close to schools makes this a great place to farm and raise a family. I look forward to meeting you at one of our inspections and at the auction.
In the Schrader Method of Auction, You may Bid on Any Tract, Any Combination of Tracts or the Entire Property. Put Together the Combination that Best Fits Your Needs. Consider Combining the Tillable Tracts for over 900 Acres of Productive Farmland.
TRACT DESCRIPTIONS
Tract 1: 80± ac 78 Acres Tillable
Tract 2: 22± ac 14 Acres Tillable and 5 Acres Wooded
Tract 3: 4± ac 3 Acres Wooded
Tract 4: 68± ac with 66 Acres Tillable
Tract 5: 56± ac 54 Acres Tillable
Tract 6: 32± ac 30 Acres Tillable
Tract 7: 80± ac 76 Acres Tillable
Tract 8: 22± ac All Tillable
Tract 9: 305± ac 228 Acres Tillable and 70 Wooded Acres
Tract 10: 55± ac 42 Acres Tillable and 11 Wooded Acres
Tract 11: 61± ac 50 Acres Tillable and 10 Wooded Acres
Tract 12: 62± ac 2 Tillable Acres and 60 Wooded Acres. Excellent Hunting Tract
Tract 13: 77± ac 36 Tillable Acres and 41 Wooded Acres
Tract 14: 18± ac 15 Wooded Acres
Tract 15: 13± ac 2 Acres Tillable and 11 Wooded Acres
Tract 16: 7± ac Potential Building Site with 3 Acres Tillable and 4 Acres Woodland
Tract 17: 4± ac Potential Building Site
Tract 18: 44± ac 43 Acres Mature Woodland
Tract 19: 278± ac French Island 2 on the Ohio River. 198 Acres Tillable
AREA MAP
TRACT MAP(S)
AREA MAP(S)
Auction Terms & Conditions:
PROCEDURE: Tracts 1 thru 19 will be offered in individual tracts, in any combination of these 19 tracts, or as a total 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 total property may compete. The property will be sold in the manner resulting in the highest total sale price. DOWN PAYMENT: 10% of the Contract Purchase Price as down payment on the day of auction with the balance in cash at closing. 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: The successful bidder will be required to enter into a Purchase Agreement at the auction site immediately following the close of the auction. All auction bids are subject to the acceptance or rejection by the Seller. DEED: Seller will convey by Limited or Special Corporate Warranty Deed.
EVIDENCE OF TITLE: The Owner agrees to furnish at OwnerĂ
None at this time
