• Productive Tillable Farmland • Intense Industrial Zoning • "The Hamlet" Building Sites - Zoned R-1 • Great Location - Convenient to Muncie & Delaware County Airport • Delta Schools
75+/- Acres in 9 Tracts
Delaware County, Indiana - Hamilton Twp.
Owner: Wilbur & Barbara Umberger Trust Mon, Nov 14, 2011 EASTERNAUCTION IS OVER
OPEN HOUSE/INSPECTION DATES
Thursday, November 3 from 3-5 PM. Meet a Schrader Rep. at Tract 3
PROPERTY LOCATION
From Muncie: From the intersection of SR 3 & SR 28/US 35 on the northeast side of Muncie, travel west 2 miles to Tracts 3-9 on the left (south). For Tracts 1 & 2, travel south on Shaffer Rd. 1½ miles to CR 450N, then turn right (west) for 1/2 mile to New Shaffer Road, then turn left (south) to property on the right (west).
AUCTION LOCATION
Delaware County Fairgrounds - Heartland Hall, 1210 N. Wheeling Avenue, Muncie, IN. (Between downtown Muncie and McGalliard Rd. along Wheeling Ave.)
TRACT DESCRIPTIONS
Tract 1: 43.5± ac All tillable. Zoned Intense Industrial. Dominant soils are Pewamo (45%) and Blount (53%), with an open drainage ditch in the southeast corner. Has a 30 ft. easement in place from the southwest corner going west to Wheeling Avenue. Approx. 1515 ft. of frontage on New Shaffer Road. Consider the possibilities!
Tract 2: 6.5± ac All tillable. Zoned Intense Industrial. A great place to build a business or a home. Pewamo and Blount soils. About 580 ft. of frontage on New Shaffer Road. Perfect to combine with Tract 1.
Tract 3: 0.5± ac The Hamlet Lot 32 0.51 acres, measures approx. 100 ft. x 225 ft., mature trees.
Tract 4: 0.5± ac The Hamlet Lot 33 0.54 acres, measures approx. 105 ft. x 225 ft., mature trees.
Tract 5: 0.5± ac The Hamlet Lot 35 0.50 acres, measures approx. 100 ft. x 219 ft., mature trees.
Tract 6: 22.5± ac 20.5+/- tillable, balance wooded. Primary soils are Blount (49%) and Pewamo (42%). This parcel has contoured surface drainage and perimeter sewer hook-up. Excellent investment opportunity.
Tract 7: 0.5± ac The Hamlet Lot 11 0.46 acres, measures approx. 105 ft. x 190 ft., SR 28/35 access.
Tract 8: 0.5± ac The Hamlet Lot 10 0.46 acres, measures approx. 105 ft. x 190 ft., SR 28/35 access.
Tract 9: 0.5± ac The Hamlet Lot 1 0.46 acres, measures approx. 105 ft. x 190 ft., SR 28/35 access.
AREA MAP
TRACT MAP(S)
PLAT MAP(S)
AREA MAP(S)
PROCEDURE: The property will be offered in 9 individual tracts and as a total 75 acre unit. There will be open bidding on all tracts and combinations during the auction as determined by the Auctioneer. Bids on tracts, tract combinations and the total property may compete. DOWN PAYMENT: 10% down payment on the day of auction for individual tracts or combinations of tracts. 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: 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.
EVIDENCE OF TITLE: Seller shall provide an owner’s title insurance policy in the amount of the purchase price.
DEED: Trustees Deed.
CLOSING: The balance of the purchase price is due at closing, which will occur within 15 days of marketable title. Costs for an insured closing shall be shared 50:50 between Buyer(s) and Seller.
POSSESSION: Possession is at closing.
FARM PROGRAM INFORMATION: Farm #4396, Tracts 2143 & 9892. Contact Agent for more information.
REAL ESTATE TAXES: Buyer(s) will assume all taxes due May 2013 and thereafter. 2010/2011 Taxes were approximately $26/acre for tillable; $24/year for Lots. ACREAGE: All tract acreages, dimensions, and proposed boundaries are approximate and have been estimated based on current legal descriptions and/or aerial photos.
SURVEY: The Seller shall provide a new survey where there is no existing legal description or where new boundaries are created by the tract divisions in this auction. Any need for a new survey shall be determined solely by the Seller. Seller and successful bidder shall each pay half (50:50) of the cost of the survey. The type of survey performed shall be at the Seller’s option and sufficient for providing title insurance. Combination purchases will receive a perimeter survey only.
AGENCY: Schrader Real Estate & 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
