• Property photo 1 - 76 Acres Offered in 4 Tracts
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76 Acres Offered in 4 Tracts

76 Acres Offered in 4 Tracts

Henry County - Stony Creek Twp.

Owner: Phillip and Linda Gibson Tue, Jan 25, 2011 EASTERN

AUCTION IS OVER

•
Productive Farmland • - 2011 Crop Rights •
4 Bedroom Remodeled • Farm Home • - Spacious Family Room w/ Gas Fireplace • - Attached 2-Car Garage w/ • Finished Apartment •
Wooded Acreage w/ • Walking Trails •
Great Location • - Convenient to New Castle • and Muncie • - Within 3 miles of Summit Lake • State Park & Prairie Creek Reservoir •
Union Schools


OPEN HOUSE/INSPECTION DATES

Thursday, January 13 from 3-5pm
Saturday, January 15 from 9-11am
Tuesday, January 25 from 2-4pm
Meet a Schrader Representative at the Home on Tract 3.

PROPERTY LOCATION

9181 N. 575 E., Mooreland, IN 47360 Directions: From New Castle: Travel north on SR 3 approximately 8 miles to CR 800N; turn right (east) & travel approximately 2.5 miles to Muncie Pike (CR 300E); turn left (north) & travel 1 mile to CR 900N; turn right (east) for 2.75 mile to the property at intersection of CR 900N & CR 575E. From Muncie: From the intersection of SR 3 & SR 35 on the south side of Muncie travel south on SR 35 approximately 5 miles to CR 396E (Buck Creek Pike, at the curve in Mt. Pleasant); turn right (south) & travel 2.25 mile to CR 900N; turn left (east) for ¾ mile to the property at intersection of CR 900N & CR 575E.

AUCTION LOCATION

Prairie Township Community Building, 104 W. Main St., Mt. Summit, IN. Mt. Summit is approximately 1/4 mile west of the SR 3/US 36 interchange.

TRACT DESCRIPTIONS

Tract 1: 16± ac Mostly tillable. Great for investment or to add to your farm. Perfect to combine with Tract 2. About 1050 ft. of frontage on CR 950N and 660 ft. on CR 575E.

Tract 2: 38.5± ac About 36 ac. tillable. Perfect size to add to your operation or to combine with Tract 1. About 1250 ft. of frontage on CR 575E.

Tract 3: 11.5± ac Updated 4 bedroom 1½ story country home with nearly 2800 sq. ft. of living space, spacious family room with carpet, gas fireplace, 12x24 covered patio deck, beautiful country kitchen with oak cabinets, large carpeted living room with attractive wood doors/trim, master BR and bath w/walk-in closet, laundry room and walk-in pantry, Anderson windows, wraparound front porch, upgraded wiring, vinyl siding, 2 car attached garage with nicely finished apartment (w/separate furnace). Also includes 30x40 pin frame barn and about 8± ac of woods with walking trails. Perfect to combine with Tract 4 for additional acreage. Frontage on both CR 575E and CR 900N. If you ft.re looking for that home in the country don ft.t miss this one!

Tract 4: 10± ac All tillable and partially in CRP/Wildlife Habitat. Buy separately or in combination with Tract 2 and/or Tract 3. About 600 ft. frontage on CR 900N.


AREA MAP

Satellite area map of the auction location near Henry County - Stony Creek Twp.

TRACT MAP(S)

Tract map - 76 Acres Offered in 4 Tracts

SOIL INFORMATION

Soil map - 76 Acres Offered in 4 Tracts

PLAT MAP(S)

Plat map - 76 Acres Offered in 4 Tracts

PROCEDURE: The property will be offered in 4 individual tracts, any combination of tracts and as a total 76 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 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: Seller shall provide a Warranty Deed.

CLOSING: The balance of the purchase price is due at closing, which will take place within 15 days of presentation of insurable title. Costs for an insured closing shall be shared 50:50 between Buyer(s) and Seller.

POSSESSION: 30 days after closing. Buyer will pay at closing for fall applied fertilizer. Contact Auction Manager for details.

REAL ESTATE TAXES: Buyer will assume all taxes due May 2012 and thereafter. 2009/10 taxes were approximately $1465.

FSA INFORMATION: Farm #2355. Corn base of 31.6 acres with CC Yield of 141. Soybean base of 23.7 acres with CC Yield of 43.

ACREAGE: All tract acreages, dimensions, and proposed boundaries are approximate and have been estimated based on current legal descriptions and/or aerial photos.

SURVEY: A new survey will be ordered only if needed for good title insurance policy and the cost of the new survey will be split 50:50 between buyer and seller.

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