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LAND AUCTION - 78+/- ACRES OFFERED IN 4 TRACTS - FAYETTE COUNTY, INDIANA

2900 Park Rd, Connersville, IN 47331 - Fayette County, IN

Owner: Estate of Eileen L. Irrang, Ray B. Irrang Personal Representative Tue, Sep 14, 2021

AUCTION IS OVER

TOTAL SOLD: $390,000

Tract(s): 1 @ $115,000 ($6,571/acre)
Tract(s): 2+3 @ $205,000 ($5,324/acre)
Tract(s): 4 @ $70,000 ($4,375/acre)

• 34.45+/- FSA Crop Acres Combined w/ Pasture & Woods • 2022 Crop Rights to the Buyer • Farmstead w/ 2 Bedroom Home & Older Barns • 5 Miles Northeast of Connersville, IN • Abundant Wildlife, Extensive Whitetail Pressure • Fenced Pasture w/ a Good Creek • Potential Building Site w/ Open Land & Woods


OPEN HOUSE/INSPECTION DATES

Tuesday, August 24th & 31st from 6-7pm OR by appointment.

PROPERTY LOCATION

809 N CR 500 E, Brownsville, IN 47325
From SR 44 in Connersville, travel East 4 miles to CR 450 E. Turn left (North) and travel for 1.5 miles to Springsville Rd. Then right 1/2 mile to N CR 500 E, then right 1/4 mile to the farm.

AUCTION LOCATION

John H. Miller Community Center
2900 Park Rd, Connersville, IN 47331

PROPERTY DESCRIPTION

Attention Hunters, Cattleman, Farmers & Rural Home Buyers: Come see the possibilities this UNIQUE property has to offer!

TRACT DESCRIPTIONS

Tract 1: 17.5± ac with 7+/- tillable acres and the balance in woods and thicket. This is a nice combination tract that could be an awesome building site. Features nice open land along the road with mature trees and elevation change at the back of the tract.

Tract 2: 33± ac with a diverse usage. This is a nice mix of tillable and pastureland with a stream. Consider combining this with tracts 1 or 3.

Tract 3: 5.5± ac farmstead with a single story 2 BR, 1 BA home with 100 amp service and fuel oil furnace. Make this your place in the country.

Tract 4: 16± ac "SWING TRACT". This tract has 12.23+/- FSA Tillable acres with the balance in woods. Must be bid in combination with Tract 1 or 2 or by an adjoining landowner.

AREA MAP(S)

PROCEDURES: The property will be offered in 4 individual tracts, any combination of tracts, or as the total 78+/- acre unit. There will be open bidding on all tracts and combinations during the auction as determined by the Auctioneer subject to swing tract requirements.

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 20th, 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, woodland and non-crop ground will be conveyed at closing.

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.

Auction Brochure

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