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LAND AUCTION - 245 +/- ACRES OFFERED IN 6 TRACTS IN RANDOLPH COUNTY, INDIANA

8646 S Arba Pike Lynn, IN 47355 - Randolph County, IN

Owner: Estate of James Jordan, Judith A. Springer, Personal Representative Tue, Aug 17, 11:00 AM

• Quality Soils with 195.58 +/- FSA Crop Acres • 2022 Crop Rights to the Buyer • Picturesque Farmstead with 1800's Brick Home & Buildings • 5 Miles East of Lynn, IN & 5 Miles West of Palestine, OH • Wooded Recreational Land with 49 +/- Acres in the Indiana Classified Forest Program • Abundant Frontage Along 3 Roads, Including US 36


Information Book


OPEN HOUSE/INSPECTION DATES

Tuesday, July 27th, from 11 AM - Noon
Saturday, July 31st, from 10 AM - Noon
Tuesday, August 10th, from 11 AM - Noon

PROPERTY LOCATION

8646 S Arba Pike Lynn, IN 47355
The property lies South of US 36. TRACTS 1-4 have frontage on Arba Pike & CR 900S. TRACTS 5 & 6 have frontage on the South side of US 36, 1/4 mile East of the Arba Pike

AUCTION LOCATION

Randolph County Fairgrounds - 1885 US 27 Winchester, IN 47394

TRACT DESCRIPTIONS

Tract 1: 46± ac w/ 44.26+/- FSA tillable acres. Productive tillable tract farmed as 1 field. Good mix of Treaty, Patton & Losantville soils. This parcel has an open ditch running along the west side for a great drainage outlet. Frontage along Arba Pike & CR 900 S.

Tract 2: 41± ac w/ 39.85+/- FSA tillable acres. Farmed as one field. Frontage on Arba Pike & CR 900 S.

Tract 3: 7± ac w/ an 1800's 2-story brick home featuring 2,286 sq. ft. You will find lots of character in this home w/ original woodwork & a vintage staircase. The property includes 23 ft x 40 ft metal sided garage built in 1990 & 30 ft x 42 ft barn w/ an 16 ft x 42 ft lean-to. This is a picturesque setting w/ a nice size yard & a small group of mature trees at the rear of the property. Consider combining this w/ Tract 4 to create an outstanding country property.

Tract 4: 25± ac w/ 12+/- FSA tillable acres & 12+/- acres of Classified Forest. This is a great combination tract. Examine the possibility of making this a rural building site.

Tract 5: 105± ac w/ 96.27+/- FSA tillable acres w/ the balance in woodland. This is farmed as one field w/ frontage along US 36. The tract lies relatively flat & has a nice mix of quality soils. Add this to your current farming operation!

Tract 6: 21± ac w/ 19.5+/- acres of Classified Forest along w/ 1+/- acre of tillable. This is a nice wooded tract w/ trails & paths throughout. Consider this for recreation or a potential home site!


AREA MAP

TRACT MAP(S)

AREA MAP(S)

PROCEDURES: The property will be offered in 6 individual tracts, any combination of tracts, or as the total 245.5+/- acre unit. There will be open bidding on all tracts & combinations during the auction as determined by the Auctioneer.

DOWN PAYMENT: Real Estate 10% down payment on the day of the auction w/ 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 & are capable of paying cash at closing.

ACCEPTANCE OF BID PRICES: Successful bidder(s) 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 Seller's acceptance or rejection.

EVIDENCE OF TITLE: Seller's shall provide an owners title insurance policy in the amount of the purchase price.

DEED: Seller(s) shall provide a Personal Representative's Deed.

CLOSING: The balance of the real estate purchase price is due at closing, which will take place approximately 30 days after the auction, on or before October 1st, 2021.

POSSESSION: Possession will be delivered at closing subject to the right of the tenant / owner to remove the 2021 crop. Buyer to receive 2022 CROP RIGHTS! Possession of buildings, house, & woodland will be conveyed at closing.

REAL ESTATE TAXES / ASSESSMENTS: Seller to pay taxes for the 2021 calendar year due & payable in 2022 by giving the buyer(s) a credit at closing.

ACREAGE: All boundaries are approximate & have been estimated based on current legal descriptions.

SURVEY: Survey(s) will be done where new boundaries are created by the tract divisions in this auction. Buyer(s) & Seller will share survey expense 50:50. Combination purchases will receive a perimeter survey only. Closing prices will be adjusted to reflect any differences between advertised & surveyed acreages.

MINERAL RIGHTS: The sale shall include 100% of the mineral rights owned by the Seller.

AGENCY: Schrader Real Estate & Auction Company, Inc. & its representatives are exclusive agents of the seller.

DISCLAIMER & ABSENCE OF WARRANTIES: All information contained in this brochure & all related materials are subject to the Terms & Conditions outlined in the Purchase Agreement. The property is being sold on "AS IS, WHERE IS" basis, & no warranty or representation, either express or implied, concerning the property is made by the seller or the auction company. Each potential bidder is responsible for conducting his or her own independent inspections, investigations, inquiries, & 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 Sellers or the Auction Company. Conduct of the auction & increments of bidding are at the direction & discretion of the Auctioneer. The Sellers & Selling Agents reserve the right to preclude any person from bidding if there is any question as the person's 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. AUCTION COMPANY OR OWNER NOT RESPONSIBLE FOR ACCIDENTS.