• 94+/- FSA TILLABLE ACRES GREAT SOIL TYPES, Cyclone and Crosby Soils • INVESTMENT QUALITY! Located in Top Farm Area • TRANSITIONAL LAND ON I-70 INTERCHANGE • 30 MINUTES TO INDIANAPOLIS • The WHITE FARM presents an excellent opportunity to own QUALITY! Located just off of I-70, come examine all of the possibilities!
95+/- Acres offered in 3 Tracts, Land Auction
New Lisbon, Indiana, Henry County, Dudley Township
Owner: Sharon K. White Revocable Trust Tue, Oct 22, 2013 EASTERNAUCTION IS OVER
TOTAL SOLD: $995,000
| Tract(s): 1-3 | @ $995,000 | ($10,474/acre) |
OPEN HOUSE/INSPECTION DATES
Tuesday, October 1st, 12PM-1PM
Friday, October 11th, 12PM-1PM
PROPERTY LOCATION
Between New Castle and Cambridge City, IN
From I-70 take EXIT 131 south 800 ft. to the Farm. Located on Wilbur Wright Rd. in Section 11 of Dudley Twnp. Henry Co. Tri-High Schools.
AUCTION LOCATION
The Golay Community Center located at 1007 E. Main St. (US 40) Cambridge City, IN. Located at the corner of IN SR 1 and US 40.
TRACT DESCRIPTIONS
Tract 1:
20± ac
nearly all tillable w/frontage on Wilbur Wright Rd. and 900 ft. of frontage on E. CR. 600 S. Excellent corner location with great I-70 access. Quality tract with Cyclone and Crosby soils.
Tract 2:
25± ac
nearly all tillable. 900 ft. Frontage on E. CR. 600 S. Level field with access to an open county drainage ditch. Premium soil types for the area.
Tract 3: 50± ac nearly all tillable. Frontage on E CR 600 S. Combine with Tracts 1 & 2 for excellent field with ease of operation. Top soils.
AREA MAP
TRACT MAP(S)
SOIL INFORMATION
AREA MAP(S)
PROCEDURES: The property will be offered in 3 individual tracts, any combination of tracts, or as a total 95+/- acre unit. There will be open bidding on all tracts and combinations during the auction as determined by the Auctioneer.
DOWN PAYMENT: 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, cashier’s 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: The Seller will provide Title Insurance at closing and a preliminary title commitment for the review of the prospective buyer(s).
DEED: Seller shall provide a Trustee’s Deed.
CLOSING: The balance of the real estate purchase price is due at closing, which will take place within 15 days of presentation of marketable title projected to be on or before November 22nd, 2013.
POSSESSION: Possession will be delivered at closing subject to 2013 tenants farming rights. Buyer to receive 2014 CROP RIGHTS!
REAL ESTATE TAXES/ASSESSMENTS: Buyer to assume the tax payment due for the year 2014 pay 2015. Seller will pay all taxes due and payable for 2013 pay 2014. Seller will pay all ditch assessments for 2013. Buyer to assume the ditch assessments due and payable in 2014.
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. If a survey is needed, Buyer(s) and Seller will share survey expense 50:50. If the property sells in its entirety, no new survey will be completed.
EASEMENTS & LEASES: 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 & 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 person’s 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.
Click to access
