• Property photo 1 - 159.5 Acres Offered in 3 Tracts
  • Property photo 2 - 159.5 Acres Offered in 3 Tracts
159.5 Acres Offered in 3 Tracts

159.5 Acres Offered in 3 Tracts

Rensselaer, St. Joe College & Recent Home Construction

Owner: Gladys Gross, Thomas Gross, Mary Hart Tue, Oct 12, 2010 EASTERN

AUCTION IS OVER

• Quality Soils • Excellent Location • 3 Miles Southeast of Rensselaer, IN • Near Recent Home Construction


OPEN HOUSE/INSPECTION DATES

Wednesday, Sept. 15 from 3-6 PM
Meet a rep. on the West side of Tract 1. Feel free to walk over the property if crops are harvested.

PROPERTY LOCATION

From Rensselaer, IN, take US 231 south approximately 1 mile to CR 700S (Mt. Calvary Road), then go approximately 1 1/2 mile east on CR 700S and Mt. Calvary Road to property.

AUCTION LOCATION

From Rensselaer, IN, take US 231 north on the north side of Rensselaer to the American Legion Post on US 231.

TRACT DESCRIPTIONS

Tract 1: 20± ac A 20 acre tract of land, almost all tillable with frontage on CR 700S and CR 450W. There is a small open ditch in the northwest corner of this tract.

Tract 2: 54.1± ac This 54.15 acre tract is all tillable except for road frontage on CR 700S. This tract includes potential opportunities for the future.

Tract 3: 85.4± ac An 85.38 acre field, almost all tillable land, with frontage on CR 700S and CR 750S. There is an open ditch on the south boundary of this tract.


AREA MAP

Satellite area map of the auction location near Rensselaer, St. Joe College & Recent Home Construction

TRACT MAP(S)

Tract map - 159.5 Acres Offered in 3 Tracts

SOIL INFORMATION

Soil map - 159.5 Acres Offered in 3 Tracts

AREA MAP(S)

Area map - 159.5 Acres Offered in 3 Tracts

PROCEDURE: The property will be offered in 3 individual tracts, any combination of tracts and as a total 159.5-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 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: 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.

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

DEED: Seller shall provide a Warranty 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 subject to the 2010 crops.

REAL ESTATE TAXES: Real estate taxes will be the responsibility of the Buyer(s) beginning with taxes due for 2011 payable in 2012 and any ditch taxes due in May 2011 and thereafter.

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

SURVEY: A new survey will be ordered only if needed for good title insurance policy and the cost of the new survey will be split 50:50 between buyer and seller.

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€

None at this time