• Property photo 1 - 131.5 Acres Offered in 5 Tracts - Land Auction
  • Property photo 2 - 131.5 Acres Offered in 5 Tracts - Land Auction
  • Property photo 3 - 131.5 Acres Offered in 5 Tracts - Land Auction
  • Property photo 4 - 131.5 Acres Offered in 5 Tracts - Land Auction
  • Property photo 5 - 131.5 Acres Offered in 5 Tracts - Land Auction
  • Property photo 6 - 131.5 Acres Offered in 5 Tracts - Land Auction
  • Property photo 7 - 131.5 Acres Offered in 5 Tracts - Land Auction
131.5 Acres Offered in 5 Tracts - Land Auction

131.5 Acres Offered in 5 Tracts - Land Auction

Roselawn, IN - Newton County

Owner: Doris M. Coates; Personal, David A. Coates Estate, Doris M. Coates; Personal Rep., Doris D. Coates Trust, Doris M. Coates; Trustee Thu, Dec 6, 2012 EASTERN

AUCTION IS OVER

• Tillable Farmland • Small Pond • Potential Building Sites • Great Location off SR 10 - Close to I-65


OPEN HOUSE/INSPECTION DATES

Wednesday, November 14, 3-5 p.m. (Central)

Meet a Schrader Representative at the warehouse on tract 2.

PROPERTY LOCATION

From I-65 take SR 10 approximately 2 1/4 miles west to Roselawn, INC to CR 400 E (west side of Roselawn) then go south on CR 400 E to Tract 2 west side and Tract 1 east side of CR 400 E. Tracts 3 & 4 is on the north side of SR 10 and Tract 5 is on CR 1050 N.

AUCTION LOCATION

American Legion Post on SR 10, Roselawn, IN. Located approx. 2-1/4 miles west of I-65 on SR 10.

PROPERTY DESCRIPTION


Real Estate Taxes 2011-2012
Tract 1 - $3,008.25 / 6 mo.
Note: This Real Estate tax contains the subject house.
Tract 2 - $2,121.27 / 6 mo.
Tract 3 - $535.60 / 6 mo.
Tracts 4 & 5 - $1,082.71 / 6 mo.

TRACT DESCRIPTIONS

Tract 1: 77± ac parcel of land with 60 +/- acres of tillable land, small pond and a building site. Frontage on CR 400 E & CR 900 N.

Tract 2: 15± ac tract of land with frontage on CR 400 E. This parcel contains a 100 ft. x 100 ft. all metal building with (8) dock doors and (10) overhead drive-through doors on the remaining 3 sides of the building. Also there is an old Lincoln school building and large gravel lot.

Tract 3: 19.6± ac tract of land has 12.83 acres of tillable land and frontage on SR 10. Also, there is a small house that will need TLC.

Tract 4: 10± ac parcel of land with and older farm house (needs repair), old set of farm buildings and some tillable land.

Tract 5: 10± ac tract of land has frontage on CR 1050 N and has 7.56 acres of tillable land.


AREA MAP

Satellite area map of the auction location near Roselawn, IN - Newton County

SOIL INFORMATION

Soil map - 131.5 Acres Offered in 5 Tracts - Land Auction

PLAT MAP(S)

Plat map - 131.5 Acres Offered in 5 Tracts - Land Auction

AREA MAP(S)

Area map - 131.5 Acres Offered in 5 Tracts - Land Auction

PROCEDURE: The property will be offered in 5 individual tracts, any combination of tracts and as a total 131.5+/- 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 for individual tracts or combinations of tracts. The down payment may be made in the form of 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: All successful bidders will be required to enter into Purchase Agreements at the auction site immediately following the close of the auction. All final bid prices are subject to the Sellers acceptance or rejection and subject to approval of Newton County Court for the Estate of David A. Coates and/or Doris D. Coates Estate and DeMotte State Bank.

EVIDENCE OF TITLE: Seller shall provide an owners title insurance policy in the amount of the purchase price.

DEED: Seller shall provide a Warranty Deed, Personal Rep. Deed and Trustee Deed.

CLOSING: The balance of the purchase price is due at closing, which will take place within 15 days of presentation of insurable title. Costs for an insured closing shall be shared 50:50 between Buyer(s) and Seller.

POSSESSION: Possession is at closing.

REAL ESTATE TAXES: The Seller shall pay the 2012 real estate taxed due in 2013. The Buyer shall pay all taxes thereafter.

DITCH ASSESSMENTS: The Buyer shall pay any ditch assessments due after closing, if any.

ACREAGE: All tract acreages, dimensions, and proposed boundaries are approximate and have been estimated based on current legal descriptions and/or aerial photos.

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 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. All sketches and dimensions in the brochure are approximate. 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. Conduct of the auction and increments of bidding are at the direction and discretion of the Auctioneer. The Seller and Selling Agents reserve the right to preclude any person from bidding if there is any question as to the persons 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.

Auction Brochure

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