• Over 1 Mile of Frontage on the Ohio River • • Good Paved Roads Near Hwy. 62 • • Municipal Water Nearby • • 1 Mile Frontage on Miles Rd. • • Long Term Timber Potential, Conservation Easement on Your Own Nature • Preserve • • All Non-Flood Area • • Several Great Home Sites • • 191 Acres Cropland • • Deer and Turkey are Plentiful • • This is the perfect property for all types of buyers - from folks desiring second home sites, hunters, wildlife enthusiasts, conservationists, farmers, timber investors, or for family recreation. Don't miss a chance at a great river tract with your own security and privacy. This size acreage with approximately 1 mile river frontage is rare to buy. • • This farm has been in the Miles family for many generations with a unique history of raised peach and apple produce loaded on boats at farm river landing. • • 16 Miles Southwest of Hanover • • 18 Miles Northeast of Charlestown • • 35 Miles North of Louisville • • 30 Miles East of Scottsburg • • 113 Miles Southeast of Indianapolis • • 99 Miles Southwest of Cincinnati • • 109 Miles East of Lexington • • 4 Miles East of New Washington

503 Acres Offered in 10 Tracts - Breathtaking Views of the Ohio River
North of Bethlehem, IN
Owner: Belinda Chen & David N. Miles Estate Meredith Tibbs, Personal Representative Thu, Mar 18, 2010 EASTERNAUCTION IS OVER
PROPERTY LOCATION
From Louisville/Jeffersonville to Charlestown on Hwy. 3/62. Continue on Hwy 62 approx. 14 mi. to Marble Hill Rd. then right (east) and continue until becomes Miles Rd. Property begins 1/2 mi. south of intersection of Squaw Creek Rd. From Madison/Hanover: West on Hwy. 56/62 then south on Hwy. 62 approx. 8 mi. then left on Marble Hill Rd. then continue until becomes Miles Rd. Property starts on left 1/2 mi. past Squaw Creek Rd.
AUCTION LOCATION
A Step Back Banquet Center, 409 Main St., New Washington, IN. Located 4 blocks east of Hwy. 62 in downtown New Washington. New Washington is located between Charlestown and Hanover right on Hwy. 62 and 4 mi. west of the Miles Farm
TRACT DESCRIPTIONS
Tract 1: 51± ac with approx. 600 ft. of frontage on Miles Rd. Est. 30 acres cropland and 21 acres beautiful woodland. Approx. 710 ft. of frontage on the Ohio River (non flood). This is a great tract with crop income, woodland and great view of the river.
Tract 2: 28± ac with approx. 365 ft. of frontage on Miles Rd. Nearly all nice woodland with a few crop acres. Perfect recreational property for the whole family. Approx. 705 ft. of river frontage
Tract 3: 13± ac with 2 good barns (40' x 64' and 36' x 48'), grain bin (10,000 Bu.) and 1/2 cropland. 510 ft. of frontage on Miles Rd. Miles Point Rd. is improved gravel road that has public access to Tracts 1, 4
Tract 4: 29± ac with 25 acres cropland and about 4 acres woodland along the Ohio River. Buy separately or in combination with adjoining tracts. Approx. 110 ft. of frontage on Miles Rd. and 350 ft. of frontage on the Ohio River.
Tract 5: 18± ac with est. 1,100 ft. of frontage on Miles Point Rd. Nearly all woodland. Good combination with Tracts 4 or 6.
Tract 6: 109± ac all cropland with nearly 1,600 ft. of frontage on Miles Rd. Great investment tract with farm income and long term investment potential. Super buy in combination with Tracts 7 or 8
Tract 7: 121± ac all beautiful woodland with 3,865 ft. of frontage on the Ohio River. Great view rising 200 ft. above the river. Access by Miles Point Rd. Lane on property to river. Possible building sites for your second home or hunting lodge. Here is a tract for the outdoors person, woodland enthusiast, conservationist or timber investor. This is a rare chance for a private retreat and good long term investment. Buy separately or in combination. Don't miss this one.
Tract 8: 102± ac nearly all woods. Est. 5 acres open cropland and 350 ft. of frontage on the Ohio River. 75 ft. of frontage on Miles Rd. which provides good access. Several good places for your cabin. Great for hunters, long term timber investors and conservationist. Secluded and scenic. What an opportunity!
Tract 9: 8± ac all woodland with est. 500 ft. of frontage on Miles Rd. Stream and spring in the woods. This is a good tract for everybody.
Tract 10: 24± ac all woodland with about 975 ft. on Miles Rd. Clearing near the road. Build and hunt right here and enjoy nature.
AREA MAP
TRACT MAP(S)
PLAT MAP(S)
AREA MAP(S)
PROCEDURES: The property will be offered in 10 individual tracts, any combination of tracts, or as a total 503+ 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 Administrator's Deed/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 title policy estimated May 1, 2010.
POSSESSION: At closing. Immediate possession of cropland on Tracts 1 thru 6 with 20% down payment at the auction.
REAL ESTATE TAXES: Buyer to pay installment due and payable May 2011. Taxes estimated at $3,123.18/yr.
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 #26, Tract #2084. Total 190.7 acres cropland. Corn base of 79.5 acres with yield of 100 Bu., Soybean base of 47 acres with yield of 27 Bu. and Wheat base of 64.2 acres with yield of 32 Bu.
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 "AS IS, WHERE IS" basis, and no warranty or representation, either express or implied, concerning the property is made by the seller or the auction company. 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 Sellers or the Auction Company. Conduct of the auction and increments of bidding are at the direction and discretion of the Auctioneer. The Sellers and Selling Agents reserve the right to preclude any person from bidding if there is any question as the persons credentials, fitness, etc. All decision of the Auctioneer is final. ANY ANNOUNCEMENTS MADE THE DAY OF THE SALE TAKE PRECEDENCE OVER PRINTED MATERIAL OR ANY OTHER ORAL STATEMENTS MADE. AUCTION COMPANY OR OWNER NOT RESPONSIBLE FOR ACCIDENTS.
None at this time