• Great 1926 Residence on 3+/- Acres • Pretty Mini Farm/Hobby Farm on 21 Acres • Good Cropland • Timber Investment • Recreational Land
223 Acres-5 Tracts
Connersville, IN
Owner: Bertha Maurer Trust Wed, Nov 17, 2010 EASTERNAUCTION IS OVER
OPEN HOUSE/INSPECTION DATES
Friday, October 29, 3-5 PM
Saturday, November 6, 9-11 AM
Day of Auction Wednesday, November 17, 3-4 PM
PROPERTY LOCATION
4 miles west of Connersville or from Connersville west on Hwy. 44 about 4 miles to Bunker Hill then north on CR 400W to CR 150N property is on the left. Address: 4135 West CR 150N.
AUCTION LOCATION
John H. Miller Community Center at Roberts Park. Located at the northeast corner of Connersville at Hwy. 1, Park Rd. at Waterloo Rd. Address: 2900 North Park Road.
PROPERTY DESCRIPTION
Fayette County, IN
4 miles west of Connersville.
TRACT DESCRIPTIONS
Tract 1: 42± ac 35 acres cropland and 7 acres woodland. 410 ft. of frontage on CR 400W. Good Russell soils.
Tract 2: 77± ac 67 acres cropland and 10 acres woodland. 1,653 ft. of frontage on Co. Rd. 400W. Great Xenia and Russell soils.
Tract 3: 3± ac Nice 1.5 story brick farmhouse with 2,262 sq. ft. on 3 acres. Detached 2-car garage. New roof, central air and fireplace. 3 bedrooms, 1.5 baths. Concrete drive and pretty landscaping. Lots of frontage on CR 150N. Built 1926 with all hardwood floors and classic style.
Tract 4: 21± ac 2-story brick federal (Circa 1860) 2,312 sq. ft. farmhouse. Nice livestock barn with loft. 10 acres cropland and remainder pasture/woods. Good place for pond. This is a great county property for the entire family.
Tract 5: 80± ac 70 acres woodland and about 10 acres pasture/or cropland. Great recreational property and investment. Est. $21,000 timber potential available now. Plenty of frontage and no adjoining houses for great hunting.
SOIL INFORMATION
PLAT MAP(S)
AUCTION TERMS AND PROCEDURES:
PROCEDURES: The property will be offered in 5 individual tracts, any combination of tracts, or as a total 223 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 Trustee 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.
POSSESSION: At closing. Seller to convey 2011 crop rights.
REAL ESTATE TAXES: Buyer to pay installment due and payable November 2011. Total $5,583/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 except Tract #3.
FSA INFORMATION: Farm #492, Tract #387. Total 149 acres cropland. Corn base of 84 acres with yield of 110 Bu., Soybean base of 37.3 acres with yield of 37 Bu. and Wheat base of 22.6 acres with yield of 48 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 person's 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
