• Quality Soils w/ 63.62+/- FSA Crop Acres • 2022 Crop Rights to Buyer • Picturesque Barns with electric, well, and established driveway • 5 miles Northeast of Fountain City, IN • 33+/- acres in the Indiana Classified Forest and Wildlife Habitat Program • Abundant Wildlife, extensive Whitetail pressure • (4) Potential Building Parcels
LAND AUCTION - 104+/- ACRES OFFERED IN 4 TRACTS IN WAYNE COUNTY, INDIANA
1727 E Overman Rd Fountain City, IN - Franklin Twp - Wayne County, IN
Owner: Estate of Phillip D. Brumbaugh, Steven Brumbaugh Personal Representative Mon, Aug 30, 2021 EASTERNAUCTION IS OVER
TOTAL SOLD: $885,000
| Tract(s): 1-4 | @ $885,000 | ($8,509/acre) |
OPEN HOUSE/INSPECTION DATES
Tuesday, August 10th from 9am-10am
Tuesday, August 17th from 6pm-7pm
Tuesday, August 24th from 9am-10am
PROPERTY LOCATION
1727 E Overman Rd Fountain City, IN
AUCTION LOCATION
Williamsburg Community Center
8441 N Centerville Rd Williamsburg, IN
TRACT DESCRIPTIONS
Tract 1: 19± ac with 16+/- FSA tillable acres with the remainder in woods and wildlife rufuge. This parcel is currently in corn and hay production. Add this to your current operation or examine this as a potential building site. Frontage on E. Overman Road.
Tract 2: 5± ac with farm buildings including a 32ft x 76ft x 14ft tool shed built in 2006, an 8,000 bushel grain bin with drying floor and stir-rators, and a 2-story livestock barn with established electric service, well and driveway. This is a great setting with open areas, mature pine trees and usable barns. Per county acreage requirements, this could be an acceptable potential building site.
Tract 3: 12± ac This is the perfect tract for the hunter, outdoorsman or for your future home in the woods. Currently enrolled in the Indiana Classified Forest Program. Consider combining with Tract 1 and/or 2.
Tract 4: 68± ac with 47.24+/- FSA tillable acres and the balance in Classified Forest and Wildlife Refuge. This is a great combination tract with cropland income and wooded recreational uses. Fountain Creek runs through the middle of this tract and creates a picturesque setting.
AREA MAP
TRACT MAP(S)
AREA MAP(S)
PROCEDURES: The property will be offered in 4 individual tracts, any combination of tracts, or as the total 104+/- acre unit. There will be open bidding on all tracts and combinations during the auction as determined by the Auctioneer.
DOWN PAYMENT: Real Estate 10% down payment on the day of the 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.
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 on or before October 15th, 2021.
POSSESSION: Possession will be delivered at closing subject to the right of the tenant to remove the 2021 crop. Buyer to receive 2022 CROP RIGHTS! Possession of the buildings and woodland will be conveyed at closing.
CLASSIFIED FOREST AND WILDLIFE REFUGE LAND: 33+/- acres are enrolled in the Indiana DNR Classified Forest and Wildlands Program (resulting in lower property taxes). All obligations of the landowner under this program shall be assumed by the Buyer(s).
REAL ESTATE TAXES / ASSESSMENTS: Seller to pay taxes for the 2021 calendar year due and payable in 2022 by giving the buyer(s) a credit at closing.
ACREAGE: All boundaries are approximate and 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) and 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 and surveyed acreages.
MINERAL RIGHTS: The sale shall include 100% of the mineral rights owned 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 "AS IS, WHERE IS" basis, and 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, 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 the 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 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.
