• Productive Tillable Land • Adjacent to Greene Sullivan State Forest • Home • Pasture with Good Fencing • Potential Building Sites • Woods & Cropland • Hunting Land • Recreational
491 Acres Offered in 17 Tracts
Near Worthington & Dugger, IN, Green & Sullivan County
Owner: Marcus Bartley Trust Thu, Mar 25, 2010 EASTERNAUCTION IS OVER
OPEN HOUSE/INSPECTION DATES
Tuesday, March 09,2010 04:00 PM thru 06:00 PM
PROPERTY LOCATION
PROPERTY Directions: Tracts 1-3 (Worthington): From the intersection of St. Hwy 67 & Terre Haute Road, on the south side of Worthington, turn west on Terre Haute Road and go 1/2 mile to the property. PROPERTY Directions: Tracts 4-17 (Dugger): From the intersection of St. Rt. 54 & St. Rt. 59 in downtown Dugger, take St. Rt. 54 east 1 mile to CR 900E, turn south, property is on the left.
AUCTION LOCATION
The Elks Lodge, State Route 54 E, Linton, Indiana (on the East side of Linton)
PROPERTY DESCRIPTION
Tract 1: 80 acres. Nearly all tillable productive land fronting Terre Haute Road.
Tract 2: 5 acres. Open land adjacent to Worthington. Potential building site. Includes 4 small steel grain bins.
Tract 3: 2 acres improved with a classic 2 story farm home. A beautiful lot with mature shade trees and storage building. (The large machine shed is not included and shall be removed.)
Tract 4: 5 acres fronting St. Rt. 54 & CR 900E. Potential building site with mature trees and open grass area.
Tract 5: 10 acres fronting St. Rt. 54 having a nice lake, woods and open grass area. Potential building site.
Tract 6: 5 acres fronting CR 900E. A potential building site with woods and grassland.
Tract 7: 5 acres fronting CR 900E. 50/50 woods and grass with a silo and cattle pens.
Tract 8: 5 acres fronting CR 900E & CR 275N. A great corner lot for potential building.
Tract 9: 5 acres fronting CR 275N with wooded area and grass. Potential building site.
Tract 10: 5 acres fronting CR 275N. Mostly grass and suitable for potentially building.
Tract 11: 4 acres fronting CR 900E & CR 275N. All tillable.
Tract 12: 5 acres fronting CR 275N. All wooded.
Tract 13: 28 acres fronting CR 900E. Mostly pasture with a pond, improved with 3 cattle and machine storage buildings measuring approximately 56'x60', 50'x72' and 55'x80'. In addition there are 2 steel grain bins and small loafing barn.
Tract 14: 171 acres with frontage and access from CR 900E. There are approximately 70 acres of cropland, three ponds and wooded area. Combine with Tract 13 for a larger livestock/cropland farm.
Tract 15: 25 acres fronting CR 900E. A great potential building site with recreational appeal. Improved with a concrete silo and cattle pens.
Tract 16: 32 acres fronting CR 900E having pasture and woods, a pond bordering Greene Sullivan State Forest.
Tract 17: 99 acres fronting CR 900E. This tract was previously mined creating a near perfect terrain for many recreational/hunting uses. There is a silo and cattle shed. A railroad spur was recently constructed across this tract.
TRACT DESCRIPTIONS
Tract 1: 80± ac Nearly all tillable productive land fronting Terre Haute Road.
Tract 2: 5± ac Open land adjacent to Worthington. Potential building site. Includes 4 small steel grain bins.
Tract 3: 2± ac improved with a classic 2 story farm home. A beautiful lot with mature shade trees and storage building. (The large machine shed is not included and shall be removed.)
Tract 4: 5± ac fronting St. Rt. 54
Tract 5: 10± ac fronting St. Rt. 54 having a nice lake, woods and open grass area. Potential building site.
Tract 6: 5± ac fronting CR 900E. A potential building site with woods and grassland.
Tract 7: 5± ac fronting CR 900E. 50/50 woods and grass with a silo and cattle pens.
Tract 8: 5± ac fronting CR 900E
Tract 9: 5± ac fronting CR 275N with wooded area and grass. Potential building site.
Tract 10: 5± ac fronting CR 275N. Mostly grass and suitable for potentially building.
Tract 11: 4± ac fronting CR 900E
Tract 12: 5± ac fronting CR 275N. All wooded.
Tract 13: 28± ac fronting CR 900E. Mostly pasture with a pond, improved with 3 cattle and machine storage buildings measuring approximately 56'x60', 50'x72' and 55'x80'. In addition there are 2 steel grain bins and small loafing barn.
Tract 14: 171± ac with frontage and access from CR 900E. There are approximately 70 acres of cropland, three ponds and wooded area. Combine with Tract 13 for a larger livestock/cropland farm.
Tract 15: 25± ac fronting CR 900E. A great potential building site with recreational appeal. Improved with a concrete silo and cattle pens.
Tract 16: 32± ac fronting CR 900E having pasture and woods, a pond bordering Greene Sullivan State Forest.
Tract 17: 99± ac fronting CR 900E. This tract was previously mined creating a near perfect terrain for many recreational/hunting uses. There is a silo and cattle shed. A railroad spur was recently constructed across this tract.
AREA MAP
TRACT MAP(S)
AREA MAP(S)
PROCEDURE: Tracts 1 through 17 will be offered in individual tracts, in any combination of these 17 tracts, or as a total property. 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. The bidder(s) whose bids result in the highest aggregate sale price will sign purchase agreements that will be subject to the Owner's acceptance or rejection.
DOWN PAYMENT: 10% of the Contract Purchase Price as down payment on the day of auction with the balance in cash at closing. YOUR BIDDING IS NOT CONDITIONAL UPON FINANCING, SO BE SURE YOU HAVE ARRANGED FINANCING, IF NEEDED, AND ARE CAPABLE OF PAYING CASH AT CLOSING.
BUYER'S PREMIUM: The Buyer's Premium of 3% will be charged to the Buyer. The Buyer's premium shall be added to the high bid to obtain the Contract Purchase Price.
APPROVAL 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. Bids are subject to acceptance or rejection by the Owner.
DEED: Seller will convey by Trustee Deed(s).
EVIDENCE OF TITLE: The Owner agrees to furnish a Title Insurance Policy. A preliminary commitment will be available for review prior to the auction.
CLOSING: The closing shall take place within 15 days after delivery to the Buyer an applicable title commitment and necessary closing documents but no sooner than April 30, 2010.
POSSESSION: Possession shall be granted at closing or before at the Sellers discretion on all tracts except Tract 3 (residence at Worthington). Possession of Tract 3 will not be granted until June 2010.
MINERAL RIGHTS: The Sellers reserve all coal, coal bed methane gas, oil, gas and other minerals.
REAL ESTATE TAXES: The 2009 calendar year taxes payable in 2010 shall be paid by the Owner at closing. The 2010 taxes due in 2011 shall be paid by the Buyer.
ACREAGE AND TRACTS: All acreages are approximate and have been estimated based on current legal descriptions and/or aerial photos. Any corrections, additions, or deletions will be made known prior to the auction.
SURVEY:Owner shall provide a survey for any tract where there is no existing legal description or where new boundaries are created by the tract division for the auction. Any need for a new survey shall be determined solely by the Owner. If a new survey is determined to be necessary, the Owner and the Buyer(s) shall share the cost of the said surveys (50:50). The type of survey prepared shall be determined by the Owner so long as it is sufficient for issuance of the title insurance policy. Closing prices shall be adjusted to reflect any difference between advertised and surveyed acres on any tracts or combination of tracts except those being 10 acres or less or any combination including Tract 3.
PROPERTY INSPECTION: Each potential Bidder is responsible for conducting, at their own risk, their own independent inspections, investigations, inquiries, and due diligence concerning the property. Inspection dates have been scheduled and will be staffed with auction personnel. Owner and Auction Company disclaim any and all responsibility for Buyer's safety during any physical inspection of the property.
AGENCY: Schrader Auction Co. and its representatives are exclusive agents of the Seller. There shall be no subagency.
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. Tract acreages have been estimated based on aerial photographs and existing legal descriptions. The property is being sold on an "AS IS, WHERE IS" basis, and no warranty or representation, either expressed 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 Seller or the Auction Company. Some photographs within this brochure are used for illustration purposes only. Conduct of the auction and increments of bidding are at the direction and discretion of the Auction Company. The Seller and Auction Company reserve the right to preclude any person from bidding if there is any question as to the persons credentials, fitness, etc. All decisions of the Auctioneer are final. ANY ANNOUNCEMENTS MADE THE DAY OF THE SALE TAKE PRECEDENCE OVER PRINTED MATERIAL OR ANY OTHER ORAL STATEMENTS MADE.
NEW DATA, CORRECTIONS AND CHANGES: Please arrive prior to scheduled auction time to inspect any changes, corrections or additions to the property information.
None at this time
