• 71 +/- Acre Farm with 50 +/- Acres of Tillable Cropland • 4 Bedroom Country Home • Union Modoc Schools • Tremendous Wildlife/Hunting along Sugar Creek • 2 Bedroom Income Producing Property • Bare lot in the town of Blountsville • Outstanding Location, only 10 miles to Muncie, IN!
74 +/- Acres Offered in 7 Tracts - Absolute Real Estate Auction
Losantville, Blountsville & Mooreland, IN
Owner: Troy A. Ridge and Kamra K. Ridge Thu, Oct 11, 2012 EASTERNAUCTION IS OVER
TOTAL SOLD: $326,000
| Tract(s): 1+2+4 | @ $250,000 | ($3,731/acre) |
| Tract(s): 3 | @ $29,000 | ($7,250/acre) |
| Tract(s): 5 | @ $39,000 | ($19,500/acre) |
| Tract(s): 6 | @ $6,000 | ($26,087/acre) |
| Tract(s): 7 | @ $2,000 | ($28,571/acre) |
OPEN HOUSE/INSPECTION DATES
Saturday SEPTEMBER 29TH, 2-4PM
Tuesday OCTOBER 2ND, 4-6PM
Meet Representatives at Tract 3 and 7
PROPERTY LOCATION
Farm Location: 8479 N. Wilbur Wright Rd, MOORELAND, IN (Stoney Creek Twnp. Henry Co.) From Muncie travel south on US 35 10 miles to Blountsville (Wilbur Wright Rd.) Turn south 1/4 mile to the Farm!
Rental House Lot: 8861 N. Smeltzer St. BLOUNTSVILLE, IN at US 35 and Wilber Wright Rd. turn north 1 block to E. High St., then right (east) 1 block to Smeltzer St. house.
Commercial Building: 9912 South US Hwy. 35 LOSANTVILLE, IN 47354 is located 1/4 mile south of the Intersection of IN SR 36 and US Hwy. 35.
AUCTION LOCATION
9912 South US Hwy. 35, LOSANTVILLE, IN 47354. Just southeast of the intersection of US 35 and SR 36.
TRACT DESCRIPTIONS
Tract 1: 48± ac with 43+/- tillable acres. 600 +/- ft. of frontage on Wilbur Wright Rd. The property is currently farmed in 3 fields. Predominantly Treaty soils.
Tract 2: 13± ac of woodland and pasture. This parcel has 150 ft. of frontage on Wilbur Wright Rd. Excellent hunting / recreation retreat. Immediate hunting rights available after auction.
Tract 3: 4± ac with a nice 4 BR country home. 450 +/- ft. of lot width fronting on Wilbur Wright Rd. and 150 ft. of owned road frontage south of the creek. The home has several improvements including vinyl windows, newer roof, enclosed front porch and updated kitchen. There is a 2 1/2 car attached garage. The property has multiple heat sources including a Fuel-oil furnace, wood burning stove, and propane heat. Several outbuildings.
Tract 4: 6± ac This is a SWING TRACT. It must be purchased by an adjoining landowner or in combination with Tract 1 or Tract 3. Combine w/Tract 3 for a 9 acre mini-farm.
Tract 5: 2± ac with 5,844 Sf Commercial Building. Convenient location on US HWY. 35. Lots of space here. Office, storage and work space. Was used in the past as an auction facility. New Roof in 2010. Septic and well. Frontage on US 35 and CR 1000 S. Randolph County.
Tract 6: 0.2± ac Income producing property! 2 Bedroom home with vinyl windows and aluminum siding. Corner double lot with a total of 0.23+- Acres. The home has 100 Amp service, propane heat and a well and septic. The property has a 1.5 detached garage.
Tract 7: 0.1± ac 50 ft. x 75 ft. Bare Lot. Located at the southwest corner of Smeltzer and Main St. in Blountsville.
AREA MAP
TRACT MAP(S)
SOIL INFORMATION
PROCEDURES: The property will be offered in 7 individual tracts, any combination of tracts, or as a total 74+/- 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 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. This is an ABSOLUTE Auction. Property(s) will be sold to the HIGHEST BID REGARDLESS OF PRICE.
EVIDENCE OF TITLE: Seller agrees to provide merchantable title to the property subject to matters of record, general conditions of title, and similar or related matters. All tracts sold AS-IS. Seller will provide an Owners Title Insurance Policy.
DEED: Seller(s) shall provide a Warranty Deed at closing.
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 projected to be 30 days or on or before November 14th.
POSSESSION: Possession will be delivered at closing.
REAL ESTATE TAXES: Buyer to assume the tax payment due and payable in May of 2013. Taxes based on 2010 assessment were Tract 1-4= $1,398.38; Tract 5= $ 1,918.74/yr.; Tract 6= $ 971.66 yr.; Tract 7= $65.04 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 acreages. No adjustments will be made on Tract 3 or Tracts purchased in combination with Tract 3.
FSA INFORMATION: Farm #6637 Tract 30090. The FSA calls for 49.69 Crop Acres. The Direct Annual payment for 2012 was $944.
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 persons 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 ACCIDENT.
Click to access
