• West Central Indiana • Williamsport/Attica • North of Crawfordsville • South of Lafayette • Copland/Woodland & Recreational Land
155+/- Acres Offered in 5 Tracts - West Central Indiana Absolute Real Estate Auction
Williamsport/Attica, IN - Warren County
Owner: William J. Tucker, Bankruptcy Trustee Fri, Feb 22, 2013 EASTERNAUCTION IS OVER
TOTAL SOLD: $845,000
| Tract(s): 1+2 | @ $650,000 | ($6,190/acre) |
| Tract(s): 3 | @ $35,000 | ($2,692/acre) |
| Tract(s): 4 | @ $20,000 | ($10,000/acre) |
| Tract(s): 5 | @ $140,000 | ($4,516/acre) |
OPEN HOUSE/INSPECTION DATES
Tuesday, February 5, Noon - 2 p.m.
Meet agent on Tract 12
Buyer(s) may walk on property with no escort, at your own risk.
PROPERTY LOCATION
4 miles northeast of Attica, near Independence, watch for signs. From Hwy. 41 and Hwy. 55 intersection, north on Hwy. 55 across the Wabash River, 1/2 mile to Independence Road then east. Tract 5 is 2 miles on the left. Tract 4 is on the right and Tracts 1-3 are just north of Independence on Pine Village Rd. at Co. Rd. 175N (Wilbur Rd.)
AUCTION LOCATION
Hotel Attica, 126 N. Perry St., Attica. 4 blocks north of Hwy 41 & Hwy. 55.
PROPERTY DESCRIPTION
Level Cropland, Woodland & Hunting Retreat
Recreational Land Near Wabash River
Easy Access to Lafayette, Crawfordsville and Danville
Only a Few Miles North of Attica
Sold to Highest Bidder by Court Order (Tracts 4 & 5)
All acreages are approximate.
(Tracts 1 thru 3) 122+/- Total Acres on Independence/Pine Village Rd.
2012 Taxes for Tract 1 thru 3 were $1,720.08 or $14/acre.
2012 Taxes for Tract 4 was $10/yr.
2012 Taxes for Tract 5 was $614.56/yr.
TRACT DESCRIPTIONS
Tract 1: 70± ac all cropland with nearly 1/2 mile of frontage on Co. Rd. 175N (Wilbur Rd.) All in one level field.
Tract 2: 28± ac nearly all cropland. Frontage on Independence/Pine Village Rd. and Co. Rd. 175N. (Wilbur Rd.)
Tract 3: 24± ac lightly wooded with former gravel pit. Could be pasture or great recreational area.
Tract 4: 2± ac woodland. Overlooking the Wabash River with hunting shelter. Access is unimproved lane with non-described easement off Independence Rd. Great hunting spot.
Tract 5: 31± ac with 17+/- acres cropland and 13+/- acres pretty woodland with stream. Plenty of frontage on Independence Rd. and Co. Rd. 425E (Kickapoo Rd.) Nice combination of investment cropland and recreation land for the whole family.
AREA MAP
TRACT MAP(S)
SOIL INFORMATION
PLAT MAP(S)
AREA MAP(S)
PROCEDURES: The property will be offered in 5 individual tracts, any combination of tracts, or as a total 155 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. Tracts 1 thru 3 will be sold subject to Trustees confirmation of final bids. Tracts 4 & 5 will be sold ABSOLUTE to highest bidder.
EVIDENCE OF TITLE: Sellers shall provide an owners title insurance policy in the amount of the purchase price. Title Commitments are included in bidder packet.
DEED: Sellers shall provide Bankruptcy 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 estimated on or before April 1, 2013.
POSSESSION: At closing. Buyer to receive 2013 crop rights.
REAL ESTATE TAXES: Seller to pay taxes payable 2013 to be credited to Buyer(s) at closing at 2012 amount. Seller to have no additional responsibility. 2012 Taxes estimated at: Tracts 1 - 3 $1,720.08/yr., Tract 4 - $10/yr., Tract 5 - $614.56/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.
FSA INFORMATION: SEE AGENT
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 ACCIDENTS.
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