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INDIANA LAND AUCTION
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50.351+/- Acres
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Productive, Tillable Farmland
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Investigate the potential of this property!
INDIANA LAND AUCTION, 50.351+/- Acres
Madison County, Indiana
Owner: John Slivka Mon, Mar 17, 2014 EASTERNAUCTION IS OVER
TOTAL SOLD: $250,000
| Tract(s): 1 | @ $250,000 | ($4,965/acre) |
PROPERTY LOCATION
From Chesterfield at the intersection of S.R. 32/Water St., Go approx. 1/2 mile South on Water St. to Old S.R. 67 (a.k.a. County Road 67), Turn right onto Old S.R. 67 and go 1/4 mile to the property.
AUCTION LOCATION
Millcreek Civic Center, 403 W. Main St.(a.k.a. S.R. 32), Chesterfield, IN 46017
TRACT DESCRIPTIONS
Tract 1:
50.4± ac
of Productive tillable cropland. This tract features excellent Brookston Silty Clay loam, Celina Silt loam & Crosby Silt loam soils. This tract also features approx. 1,500 feet of frontage on Old St. Rd. 67. This farm was a former tree farm, however, in 2013 nearly 35 acres was tilled for row crop production. Many of the fence rows seen in the aerial map have been removed or are currently being removed. Current zoning is Agriculture.
Call Rick Williams for additional information.
AREA MAP
TRACT MAP(S)
SOIL INFORMATION
PLAT MAP(S)
AREA MAP(S)
PROCEDURE: This property will be offered as an individual tract. The property will be sold in the manner resulting in the highest total sale price.
ACCEPTANCE OF BID PRICES: The successful bidder 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.
DOWN PAYMENT: 10% down payment on the day of auction with the balance in cash at closing or 20% down for immediate possession. 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.
CLOSING: The balance of the purchase price is due at closing, which shall take place within 15 days from delivery of marketable title. Closing costs for an administered closing shall be shared 50:50 between Buyer(s) and Sellers.
EVIDENCE OF TITLE: Seller shall provide an owners title insurance policy in the amount of the purchase price.
POSSESSION: Possession of the land shall be at closing or immediately with a 20% down payment.
REAL ESTATE TAXES: Seller shall pay the 2013 taxes due in 2014, buyer shall pay all subsequent taxes thereafter.
ACREAGE: All tract acreages, dimensions and proposed boundaries are approximate and have been estimated based on aerial photos and the current legal description.
FSA INFORMATION: The farm is not enrolled.
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, if any.
SURVEY: It is expected that the property will be conveyed using existing legal descriptions, without a new survey. A new survey will not be provided except as may be required by law to complete the transaction or as may be deemed necessary or appropriate in Sellers sole discretion.
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 an AS IS, WHERE IS basis, and no warranty or representation either expressed or implied, concerning the property is made by the Sellers or the Auction Company. All sketches and dimensions in the brochure are approximate. Each potential bidder is responsible for conduction 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 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 to the persons credentials, fitness, etc. All decisions of the Auctioneer are final.
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.
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