• 80 Acres • Lodge & Living Quarters • Indoor Arena • Lake • Additional Home & Apartments • Potential Building Site • Tillable Acreage • Within 8 Miles of the Indiana Downs Race Track!
80 Acres Offered in 4 Tracts - Horse Farm
New Palestine, Indiana - Sugar Creek & Indianapolis Area
Sat, Oct 30, 2010 EASTERNAUCTION IS OVER
OPEN HOUSE/INSPECTION DATES
Saturday OCTOBER 2ND 10AM - 2PM
Sunday OCTOBER 10TH 10AM - 2PM
OR CALL OFFICE FOR
PRIVATE SHOWING
866-340-0445 OR 765-639-2394t
PROPERTY LOCATION
5590 W. 1100 N., New Palestine, Indiana
AUCTION LOCATION
On Site.
PROPERTY DESCRIPTION
There are 4 wells and a total of 4,000 gallon propane capacity tanks on this property.
TRACT DESCRIPTIONS
Tract 1: 25± ac Lodge, Horse Buildings, Paddocks, Lake and 25 Acres! Lodge consists of Large Living Room and Kitchen Area with Pine interior finish. There are lots of cabinets and a bar area. There is a Master Bedroom with full bath. Off of the lodge area is a large utility room with washer / dryer hookups. There is also an additional room for office area or bunk area. Then, there is a veterinary office area with its own separate entrance from the outside. The connected stall barn has 42 stalls. It is heated and insulated. There are 2 hanging furnaces with a 12 ft. overhead door to outside. The stall barn then connects to the 80 x 120 Indoor Riding Arena through an enclosed walkway. The riding arena is completely finished with metal siding and ceiling. The footing is rubber chipped fill. There are sprinklers and ceiling fans. Then there is an 80 ft. x 80 ft. covered arena attached with a 60 foot, 6 horse, Odyssey Performance Automatic Trainer inside. There is also a 40 ft. x 80 ft. Wash & Tack and storage area attached to the barns. There are 9 paddocks outside. Then, there is a 50 x 114, 12 stall barn with 12 ft. lean to on each side and a 40 ft. x 80 ft. 11 Stall barn. There is a 24 ft. x 55 ft. Workshop, a 24 ft. x 45 ft. 4 bay garage, a 36 x 50 ft. 3 bay garage. Included in Tract 1 is a 3 bedroom, 2 bath guest house with detached garage and 2 apartments. There is a small lake located on the back side of this tract with electricity available to the lake. This tract backs up to Sugar Creek.
Tract 2: 3± ac A 3 Acre potential building site. This tract offers an elevated scenic view over the farm with many large mature trees. This tract has over 500 feet of road frontage. If purchased for a home site, this tract would need to be approved by the Shelby County Plan Commission as a building site. The approval process would be the responsibilty of the buyer.
Tract 3: 22± ac A 22 acre low land area along Sugar Creek. There is currently a large horse training track with hay acreage inside and outside the track. Access to this tract is approximately 200 feet of road frontage below the Tract 2. This tract is in a Flood Plain.
Tract 4: 30± ac A 30 acre mix of tillable land, creek bottom and wooded acreage. There are approximately 20 acres of tillable land. Access to this property will be via an agricultural easement between Tract 1 and Tracts 2. This tract can be purchased by an adjacent land owner. If purchased by an adjacent land owner, there will not be an easement granted. There is not bridge to cross, but can be crossed at the low forge in the creek.
AREA MAP
TRACT MAP(S)
AREA MAP(S)
PROCEDURE: The property will be offered in 4 tracts, any combination of tracts, and as a total 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 with the balance in cash at closing. The down payment may be made in the form of cash, cashier ft.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. Seller reserves the right to reject any and all bids.
EVIDENCE OF TITLE: Seller shall provide an owner ft.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: Possession on or before January 15, 2011 and subject to any tenant farmer ft.s crop.
REAL ESTATE TAXES: Seller to pay all 2010 Real Estate Taxes due and payable, and Buyer to pay all thereafter.
ACREAGE: All tract acreage, 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 the tract divisions in this auction create new boundaries. 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 ft.s option and sufficient for providing title insurance. Combination purchase will receive a perimeter survey only.
AGENCY: Schrader Real Estate & Auction Company 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 â€
None at this time
