• Property photo 1 - 71 Acres Offered in 4 Tracts
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71 Acres Offered in 4 Tracts

71 Acres Offered in 4 Tracts

Madison County, IN, Near Markleville

Owner: Anna Pottorff Estate Wed, Sep 15, 2010 EASTERN

AUCTION IS OVER

• Productive Tillable Farmland • Primarily Brookston & Crosby Soils • Potential Pasture for Horses • Pendleton Schools


OPEN HOUSE/INSPECTION DATES

Wed., August 11, 5-8 PM
Sat., August 21, 9 AM - Noon
Sun., August 29, 3-6 PM

PROPERTY LOCATION

4349 E. 800 S., Markleville, IN 46056. From Markleville, Go 1 mile East on S.R. 38 to 400 E. Turn left (North) and go 1 mile to 800 S. Turn right (East) and go approximately ¼ mile to the property.

AUCTION LOCATION

Hardy Building, Markleville, IN (Corner of SR 38 & 300 E.)

TRACT DESCRIPTIONS

Tract 1: 51± ac nearly all tillable productive cropland. This tract features Brookston Silty Clay Loam and Crosby Silt Loam soils. This tract has road frontage on C.R. 800 S.

Tract 2: 16.5± ac with approximately 9.7 acres tillable and the balance in pasture. This tract also features a man made pond in the pasture area. This tract has a grass driveway leading back to the pasture.

Tract 3: 2± ac with a 3 bedroom country home, 2 bedrooms up and 1 down. This tract also has a 2 car detached garage and a cinder block storage barn.

Tract 4: 2± ac with a 2 bedroom home. This home would make a great rental or mother in-law suite, if you combine tracts 3


AREA MAP

Satellite area map of the auction location near Madison County, IN, Near Markleville

TRACT MAP(S)

Tract map - 71 Acres Offered in 4 Tracts

SOIL INFORMATION

Soil map - 71 Acres Offered in 4 Tracts

PLAT MAP(S)

Plat map - 71 Acres Offered in 4 Tracts

PROCEDURE: This property will be offered in 4 individual tracts, any combination of tracts or as a whole 71 ± acre property. The property will be sold in the manner resulting in the highest total sale price.

ACCEPTANCE 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.

DOWN PAYMENT: 10% down payment on the day of 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.

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 owner’s title insurance policy in the amount of the purchase price.

POSSESSION: Possession of the land shall be at closing, subject to tenants rights on Tracts 1 & 2 for the 2010 crops.

REAL ESTATE TAXES: Buyer shall assume the 2011 real estate taxes due in 2012. Buyer shall assume any Ditch Assessments due in 2011 and 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 enrolled at the Madison County FSA office in Anderson, IN., which shall make all acreage determinations and eligibility for farming programs.

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: All tracts have been surveyed 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 an â€

None at this time