• 90+/- Acres Offered in 1 Tract • 84+/- FSA Tillable Acres • Adjacent to Gateway Industrial Park • Located in Top Farm Area • 1-70 & SR 1 Interchange Exit 137 • 40 Minutes to Indianapolis
90+/- Acres offered in 1 Tract
INDIANA LAND AUCTION
Cambridge City, Indiana, Wayne County
Owner: R & M Bertsch Family LLC Wed, Nov 13, 2013 EASTERNAUCTION IS OVER
TOTAL SOLD: $665,000
| Tract(s): 1 | @ $665,000 | ($7,388/acre) |
OPEN HOUSE/INSPECTION DATES
Friday, October, 25, 9-10 AM
Friday, November 8, 9-10 AM
Day of the Auction, 3-4 PM
PROPERTY LOCATION
0 Cambridge Rd. Cambridge City, IN 47327 Directions: From I-70 take EXIT 137 (IN State Road 1) south 1 mile to Goose Haven Rd. Turn right 1/2 mile to Cambridge Rd. North (right) 1/4 mile to easement access. The farm is immediately west of the SR 1 Industrial Park. Section 14 of Jackson Twnp. Wayne Co.
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.
Gateway Industrial Park. Cambridge City, Wayne County, Indiana. The Indiana Gateway Industrial Park is located at the interchange of I-70 and State Road 1 for excellent visibility and access. Identified as one of the top Indiana locations for industry, this park links directly to the Midwest’s extensive highway transportation network.
Find More info at http://edcwc.com/site-selection/industrial-parks/gateway-industrial-park/
TRACT DESCRIPTIONS
Tract 1: 90± ac with 84+- tillable acres and 6+- acres of woods. Predominately Crosby, Miami, and Treaty soils farmed in one field. The property has development potential as it is directly west of the Gate Way Industrial Park. Accessed via 16.5 ft. easement off of Cambridge Rd. Great investment opportunity with crop rental income combined with Transitional value potential.
AREA MAP
TRACT MAP(S)
SOIL INFORMATION
AREA MAP(S)
PROCEDURES: The property will be offered as one parcel.
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. All final bid prices are subject to the Sellers 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 Warranty Deed(s).
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 December 13th, 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. Current taxes are $2,406.00.
ACREAGE: All boundaries are approximate and have been estimated based on current legal descriptions.
SURVEY: There should not be a new survey needed on this property, However, 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 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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