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2 DATES: REAL ESTATE & PERSONAL PROPERTY AUCTIONS
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THURSDAY, JANUARY 30 @ 6PM FOR REAL ESTATE
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SATURDAY, FEBRUARY 1 @ 9AM FOR PERSONAL PROPERTY
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159+/- Acres offered in 8 Tracts
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Land Auction
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Country Home
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Productive, Tillable Land
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Potential Building Sites
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Excellent Pasture & Hay Field
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Woodland
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Wildlife, Hunting & Recreation
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South of Pierceton
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Southeast of Warsaw
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North of North Manchester
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Whitko Community Schools
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DO NOT MISS THIS OPPORTUNITY TO OWN A SECLUDED HUNTERS PARADISE!!
159+/- Acres offered in 8 Tracts, Land Auction
Pierceton, Indiana, Kosciusko Co., Monroe Twp.
Owner: Barbara J. Faris Estate Thu, Jan 30, 2014 EASTERNAUCTION IS OVER
TOTAL SOLD: $900,000
| Tract(s): 1-8 | @ $900,000 | ($5,660/acre) |
OPEN HOUSE/INSPECTION DATES
Tuesday, January 7 from 4:30-6PM
Saturday, January 11 from 10-11:30AM
or call the sale managers for private inspections.
PROPERTY LOCATION
5082 S SR 13, Pierceton, IN.
Directions: 4.5 miles south of Pierceton on SR 13, (for Tracts 1-5) to CR 675 E, or (for Tracts 6-8), continue south on SR 13 to 5082 S SR 13 to property.
AUCTION LOCATION
Pierceton Community Building south of US 30 on SR 13 at Walnut Street. Behind the fire station.
TRACT DESCRIPTIONS
Tract 1:
36.5± ac
33.5+/- of acres of tillable, rolling land or potential building site w/ 3+/- acres of woods & recreational area. Approximately 1245 ft. of road frontage on SR 13.
Tract 2:
2.5± ac
Potential building site including a Pole Building (32 ft. x 52 ft.) & Lean-to (32 ft. x 12 ft.) w/ concrete floor or excellent for pasture or hayfield. Approximately 369 ft. of road frontage.
Tract 3:
21.5± ac
Rolling land (currently hay field) w/ potential tillable acreage, & wooded, recreational area or potential building site. Approximately 848 ft. of road frontage on CR 675E & 780 ft. of frontage on E 500 S.
Tract 4:
17.5± ac
Gently rolling land (currently hay field) or potential tillable land w/ secluded hunting & recreational area or private, potential building site. Approximately 540 ft. of road frontage on CR E 500 S.
Tract 5:
40± ac
SWING TRACT: Secluded, wooded area excellent for hunting, wildlife or recreation. Must be purchased in combination w/ any tract or combination of tracts w/ road frontage or by an adjoining land owner.
Tract 6:
8± ac
1125 s.f. Brick, ranch home on a full basement w/ a 2 car garage, outbuildings, asphalt drive & fencing for livestock. Home has 3 bedrooms, 1.5 baths, Kitchen w/ dining area & living room & central air, gas forced heat & water softener. Pole building - 40 ft. x 48 ft. w/ concrete floor. Storage building - 31 ft. x 41 ft. w/ loft. Older barn & utility shed. Approximately 870 ft. of road frontage on SR 13.
Tract 7:
15.5± ac
Pasture or potential tillable land or building site. Approximately 465 ft. of road frontage on SR 13 & 710 ft. of frontage on S 550 E.
Tract 8:
16.5± ac
Pasture, potential tillable land w/ small wooded area to the rear for a secluded, potential building site. Approximately 540 ft. of frontage on S 550 E. Combine Tracts 6, 7 & 8 for a possible farmstead, great for livestock.
Parcel ID #s: 017-037-001, 017-003-002, 017-008-001, 017-008-003
BID YOUR PRICE ON YOUR CHOICE OF ANY TRACT
AREA MAP
TRACT MAP(S)
Tracts 1-8
Tracts 1-5
Tracts 6-8
SOIL INFORMATION
Tracts 1-8
Tracts 1-5
Tracts 6-8
AREA MAP(S)
PROCEDURE: Bid on individual tracts any combination of tracts or on the entire property. There will be open bidding on all tracts and combinations during the auction as determined by the auctioneer. The property will be sold in the manner resulting in the highest total sale price.
DOWN PAYMENT: 10% of the accepted bid as downpayment on the day of the auction. The down payment may be 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.
APPROVAL OF BID PRICES: All successful bidders will be required to enter into purchase agreements at the auction site immediately following the close of the auction. All final bid prices are subject to the Sellers acceptance or rejection. Purchase agreements will be signed by the registered bidder only. If you choose to share the purchase with another party, you will be required to do so after the completion of closing as indicated on the signed purchase agreement.
DEED: Sellers will provide a personal representatives deed.
EVIDENCE OF TITLE: Sellers will provide title insurance in the amount of the purchase price.
CLOSING: Closing shall take place in 15 days after marketable title.
POSSESSION: At closing.
REAL ESTATE TAXES: The Seller shall pay the 2013 real estate taxes, due in 2014. The Buyer shall pay all taxes thereafter.
DITCH ASSESSMENTS: The Buyers shall pay the 2014 ditch assessments due in May.
SURVEY: The Seller shall determine any need for a new survey. There shall be no survey if the property is purchased by one Buyer. Any new survey(s) provided shall be for the perimeter only, when tracts are combined. Closing prices shall be adjusted to reflect any difference between advertised and surveyed acres, except on Tracts 2 and 6 or combinations including Tract 2 and 6. The survey costs shall be shared 50:50 between Buyer(s) and Sellers. Sellers shall not be responsible for any closing costs incurred due to the Buyer(s) securing financing.
EASEMENTS: The sale of the property is subject to any and all easements of record.
DISCLAIMER AND ABSENCE OF WARRANTIES: All information contained in this brochure and all related materials is subject to the Terms and Conditions outlined in the Purchase Agreement. ANNOUNCEMENTS MADE BY THE AUCTION COMPANY AT THE AUCTION PODIUM DURING THE TIME OF THE SALE WILL TAKE PRECEDENCE OVER ANY PREVIOUSLY PRINTED MATERIAL, OR ANY OTHER ORAL STATEMENTS MADE. The property is being sold on an 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. No guarantee as to location of septic and well, or condition of septic and well is made by the Auction Company, its agents or Sellers. Each potential bidder is responsible for conducting his or her own independent inspections, investigations, inquires, 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 Seller or the Auction Company. All sketches and dimensions in this brochure are approximate. Except for any express warranties set forth in the sale documents, purchaser(s) assumes all risks thereof and acknowledges that in consideration of the other provisions contained in the sale documents, Seller and the Auction Company make no warranty or representation, express or implied or arising by operation of law, including an warranty of merchantability or fitness for a particular purpose of the property, or any part thereof, and in no event shall Seller or the Auction Company be liable for any consequential damages. Conduct of the auction and increments of bidding are at the direction and discretion of the auctioneer. The Seller and Auction Company reserve the right to preclude any person from bidding if there is any question as to the persons credentials, fitness, etc. All decisions of the auctioneer are final. ANY ANNOUNCEMENTS MADE THE DAY OF THE SALE TAKE PRECEDENCE OVER PRINTED MATERIAL OR ANY OTHER ORAL STATEMENTS MADE.
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