• Productive Tillable Farmland • Scenic Wooded Land • Great Location - Convenient to Muncie, Anderson, SR 332 and I-69 • Partial R-3 Zoning • Harrison & Mt. Pleasant Twps.
202+/- Acres Offered in 7 Tracts
Muncie, Indiana - Delaware County
Owner: Don Reber Estate, by Neil Reber - Personal Representative and Virginia Reber, by Neil Reber - Attorney-in-Fact, Jack Buckles, Attorney Wed, Dec 7, 2011 EASTERNAUCTION IS OVER
OPEN HOUSE/INSPECTION DATES
Sat., Nov. 26 from 9 AM - Noon
Meet a Schrader Rep. at Tract 4
PROPERTY LOCATION
From I-69/SR 332 interchange west of Muncie: for Tract 1 travel east along SR 332 4.25 miles to CR 500W, turn left (north) 1 mile. For Tracts 2-4 continue north .5 mile on CR 500W across Bethel Ave. to property on the left (west). For Tract 5, from I-69/SR 332, travel east 3.25 miles to CR 600W, turn right (south) for .75 mile on the right (west). For Tracts 6-7, from I-69/SR 332, travel east 1.25 miles to CR 800W, then left (north) 1 mile to CR 300N, then right (east) .25 to property.
AUCTION LOCATION
Delaware County Fairgrounds - Heartland Hall, 1210 N. Wheeling Avenue, Muncie, IN. (Between downtown Muncie and McGalliard Rd. along Wheeling Ave.)
TRACT DESCRIPTIONS
Tract 1: 88± ac Approximately 85 acres tillable. Dominant soil types are Pewamo and Blount-Del Rey. Approximate 2 acre wooded area with communications tower. Contact agent for lease information. About 1600 ft. of frontage on CR 500W.
Tract 2: 4.8± ac All tillable. Primary soil type is Pewamo. An attractive home site or perfect to combine with Tract 3. Approximately 390 ft. of frontage on Bethel Avenue.
Tract 3: 25.7± ac Mostly tillable with Pewamo, Glynwood and Morley soils. About 350 ft. of frontage on CR 500W.
Tract 4: 14.0± ac An appealing parcel with the hard to find combination of an attractive home site, wooded land and picturesque Jake's Creek. Combine with Tract 2 and imagine the possibilities. Approximately 420 ft. of frontage on CR 500W.
Tract 5: 35.2± ac All tillable. Dominant soil type is Blount with the balance in Pewamo, Crosby and Glynwood. An excellent location - great potential with R-3 zoning, water and sewer. About 700 ft. of frontage along CR 600W and 125 ft. of frontage on Jackson Street.
Tract 6: 15.9± ac Mostly tillable with Blount, Glynwood and Morley soils. Perfect to add to your operation or combine with Tract 7. About 525 ft. of frontage on CR 775W.
Tract 7: 18.9± ac About 9.6 acres tillable and the balance wooded. A great combination of recreational land and an income-producing property, don't overlook this parcel. Frontage on both CR 775 W and CR 300 N.
AREA MAP
TRACT MAP(S)
SOIL INFORMATION
PLAT MAP(S)
AREA MAP(S)
PROCEDURE: The property will be offered in 7 individual tracts and as a total 202 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 cash, 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: Personal Representative Deed and/or Attorney-in-Fact Deed.
CLOSING: The balance of the purchase price is due at closing, which will be held within 15 days of merchantable title and be between Jan. 1 and Jan. 10, 2012, unless seller agrees to an earlier closing. Costs for an insured closing shall be shared 50:50 between Buyer(s) and Seller.
POSSESSION: Possession is at closing, subject to 2011 Tenant Crop Rights.
FARM PROGRAM INFORMATION: Farm #6134, Tracts 2648, 11365, 9561, 8997. Contact Agent for more information.
REAL ESTATE TAXES: Buyer(s) will assume all taxes due May 2013 and thereafter. 2010/2011 Taxes were $4,427 or approximately $22/acre. ACREAGE: All tract acreages, dimensions, and proposed boundaries are approximate and have been estimated based on current legal descriptions and/or aerial photos.
SURVEY: The Seller shall provide a new survey where there is no existing legal description or where new boundaries are created by the tract divisions in this auction. Any need for a new survey shall be determined solely by the Seller. Seller and successful bidder shall each pay half (50:50) of the cost of the survey. The type of survey performed shall be at the Seller’s option and sufficient for providing title insurance. Combination purchases will receive a perimeter survey only.
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
