• Productive Cropland • 2 Bedroom Country Home • Excellent Income Potential • Excellent Access & Frontage
57+/- Acres - Auction
Monroe City, Indiana
Owner: Anna Katherin "Kate" Reel Thu, Apr 7, 2011 EASTERNAUCTION IS OVER
OPEN HOUSE/INSPECTION DATES
Friday, April 1 from 4:00-6:00 PM
PROPERTY LOCATION
From Monroe City, take Monroe School Road southwest 2.4 miles to Hickory Cornery Road. Turn left and travel 1.3 miles to the property on the right.
AUCTION LOCATION
Blue Jeans Community Center, Monroe City, IN
TRACT DESCRIPTIONS
Tract 1: 57± ac Improvements consist of a one-story frame house with aluminum siding and shingle roof. The interior has a living room, kitchen, bath, 2 bedrooms and enclosed front porch. There is a 2-car garage and outbuildings.
AREA MAP
TRACT MAP(S)
SOIL INFORMATION
PLAT MAP(S)
AREA MAP(S)
PROCEDURE: The property will be offered as an individual tract.
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.
APPROVAL OF BID PRICES: The successful bidder will be required to enter into a Purchase Agreement at the auction site immediately following the close of the auction. All auction bids are subject to the acceptance or rejection by the Seller.
DEED: Seller will convey by Warranty Deed.
EVIDENCE OF TITLE: The Owner agrees to furnish at Owner’s expense a Title Insurance Policy. A preliminary commitment will be available for review prior to the auction.
CLOSING: The closing shall take place 30 days after the auction day, or as soon thereafter as applicable closing documents are completed by Seller.
POSSESSION: Possession is at closing, subject to any tenant’s rights.
MINERAL RIGHTS: All mineral rights owned by the Seller, if any, shall be conveyed.
REAL ESTATE TAXES: The 2010 calendar year taxes due in 2011 shall be paid by the owner at closing. The 2011 taxes due in 2012 shall be paid by the Buyer.
ACREAGE AND SURVEY: The Seller shall determine weather to convey title by current legal description or to survey the property. Any need for a new survey shall be at the Seller’s sole discretion. Seller and Buyer shall each pay half (50:50) of the survey cost. The type of survey performed shall be at the Seller’s option and sufficient for providing merchantable title. Closing prices shall be adjusted to reflect any difference between advertised and surveyed acres.
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. An inspection date has been scheduled and will be staffed with auction personnel. Further, Seller disclaims any and all responsibility for Bidder’s safety during any physical inspection of the property.
AGENCY: Schrader Real Estate & Auction Company, Inc. 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. The property is being sold on an â€
None at this time
