• Proceeds to Benefit Golay Community Center in Cambridge City • 213 Total Cropland Acres • Excellent Location - 55 Minutes to Indianapolis • 4 Miles from I-70 Interchange & Hwy. 1 • Quality Cropland/Investment
224 +/- Acres Offered in 4 Tracts
East Central Indiana - Between Cambridge City & Centerville
Owner: Golay Foundation, Inc. Mon, Nov 15, 2010 EASTERNAUCTION IS OVER
OPEN HOUSE/INSPECTION DATES
Saturday, October 30th from 9-11 AM and Thursday, November 4th from 3-5 PM
PROPERTY LOCATION
Tract 1: 2.5 miles west of Centerville, IN on Hwy. 40 at Washington Rd. Tracts 2-4: 4 miles east of Hwy. 1 & I-70 at the Cambridge City exit on Washington Rd. at Kepler Rd., or 2 miles north of Tract #1.
AUCTION LOCATION
Golay Community Center, Cambridge City, IN. On northwest corner of US Hwy. 40 & Hwy. 1. 4 miles south of I-70 & Hwy. 1 intersection. Address: 1007 E. Main St., Cambridge City, IN
TRACT DESCRIPTIONS
Tract 1: 19± ac All cropland. 1,837 ft. of frontage on US Hwy. 40 and 530 ft. on Washington Rd. Top Soils.
Tract 2: 78± ac Est. 72 acres cropland. Frontage on Washington Rd. Small woods and Greens Fork River on property. Nice investment and recreation combination tract to own.
Tract 3: 81± ac All cropland. Frontage on Washington Rd. and Kepler Rd. Great investment property. Buy separately or with Tract 2 for all one field of 151 acres cropland.
Tract 4: 45± ac All cropland. Frontage on Washington Rd. and Kepler Rd.
AREA MAP
TRACT MAP(S)
SOIL INFORMATION
PLAT MAP(S)
PROCEDURES: The property will be offered in 4 individual tracts, any combination of tracts, or as a total 224 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 on or before December 21, 2011.
POSSESSION: At closing.
REAL ESTATE TAXES: Buyer to pay installment due and payable November 2011. Taxes estimated at $21 to $23/acre/yr.
ACREAGE: All boundaries are approximate and have been estimated based on current legal descriptions.
SURVEY: All tracts to be sold with existing descriptions/survey(s) completed in 2005. Boundary between Tracts 2 & 3 to be located
FSA INFORMATION: Farm #4541, Tract #9606 - #9598. Total 213 acres cropland. Corn base of 100 acres with yield of 110 Bu., and Soybean base of 86 acres with yield of 34 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 â€
None at this time
