SOLD

REAL ESTATE AUCTION - 89+/- ACRES OFFERED IN 4 TRACTS OR COMBINATIONS IN JASPER COUNTY, IN

Jasper County - Wheatfield, Indiana

Owner: Scott Helton Tue, Sep 27, 2022 CENTRAL

AUCTION IS OVER

TOTAL SOLD: $525,000

Tract(s): 1 @ $145,000 ($6,904/acre)
Tract(s): 2+4 @ $250,000 ($5,813/acre)
Tract(s): 3 @ $130,000 ($5,200/acre)

• 4+/- Miles Southeast of Wheatfield • Productive Farmland • Potential Beautiful Wooded Homesites • Hunting and Recreational Opportunities • Investigate for Potential Timber Value


Auction Info Book


OPEN HOUSE/INSPECTION DATES

Tuesday, August 30 from 3-5pm (central)
Tuesday, September 13 from 3-5pm (central)
Meet a Schrader Representative between Tracts 1 and 2 at 1748 E 900 N, Wheatfield, IN 46392

PROPERTY LOCATION

From the intersection of State Roads 10 and 49 in Wheatfield, travel south on SR 49 3 miles to CR 900 N. Go east on 900 N for approximately 1.5 miles to Tract 1. Continue east on 900 N to view Tract 2. Turn north on 200 E to view the east side of Tract 2 and go approximately .25 mile to Tract 3. Continue north on 200 E to 950 N. Go west on 950 N approximately .2 mile to the north side of Tract 3. Tract 4 is just west of Tract 3.

AUCTION LOCATION

American Legion Post 406, 11768 N 80 W Wheatfield, IN 46392
From the intersection of State Roads 10 and 49 in Wheatfield, travel west .5 mile on SR 10 to CR 50/80W. Turn south onto CR 50/80W and travel .25 mile to auction site on west side of the road.

PROPERTY DESCRIPTION

REAL ESTATE TAXES (2021 PAYABLE 2022)
Tracts 1 and 4: $392.96 (1 Tax Parcel # - prior to split, another split needed)
Drainage Assessments: $134.22
Tracts 2 and 3: $1,161.32 (1 Tax Parcel # - prior to split and included 4+/- acres, house, mobile home and sheds not included in auction. Another split needed.)
Drainage Assessments: $156.30
NOTE: It appears Tracts 1 and 2 will need a culvert and entrance installed if purchased on their own. These tracts will have access over the driveway and yard at 1748 E 900 N, Wheatfield, IN 46392 (parcel between Tracts 1 and 2) until December 31, 2023.
SCHOOL DISTRICT: Kankakee Valley School Corporation

TRACT DESCRIPTIONS

Tract 1: 21± ac Productive soils and mostly all tillable. This tract has frontage along 900 N. Mobile home partly on Tract 1 to be removed by Seller prior to closing.

Tract 2: 21.5± ac A great mix of productive tillable and wooded land. Consider for a potential home site with a possible pasture secluded by woods for your animals. This tract has frontage on 900 N and 200 E.

Tract 3: 25± ac Another tract with a nice mix of productive tillable land and woods. Investigate this tract for a potential home site with income potential from the tillable land. Frontage on 200 E and 950 N.

Tract 4: 21.5± ac This tract also has a nice mix of tillable land and woods. Consider as a potential home site with income generating tillable land. This tract has frontage on 950 N.

TRACT MAP(S)

AREA MAP(S)

PROCEDURE: The property will be offered in 4 individual tracts, any combination of tracts and as a total 89+/- 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 cashiers 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 final bid prices are subject to the Sellers acceptance or rejection. All successful bidders will be required to sign Purchase Agreements at the auction site immediately following the close of the auction.

DEED: Seller shall provide a Warranty Deed sufficient to convey insurable title to the real estate. Real estate is sold subject to all rights of way, legal highways, leases, easements of public record, and all other matters of public record.

EVIDENCE OF TITLE: Seller shall provide a preliminary title insurance commitment for review prior to auction. Seller agrees to furnish Buyer(s), at Sellers expense, an updated title commitment prior to closing. The cost of providing an Owners Title Policy shall be paid for by Seller at closing.

CLOSING: The balance of the purchase price is due at closing. The targeted closing date will be approx. 30 days after the auction or as soon thereafter upon completion of surveys, if applicable, the final title commitment and Sellers closing documents. Costs for an administered closing shall be shared 50:50 between Buyer(s) and Seller. All lender costs shall be paid by the Buyer(s).

POSSESSION: Possession is at closing subject to tenant rights for the 2022 crop.

REAL ESTATE TAXES: Seller shall pay all 2022 real estate taxes due and payable in 2023. Buyer(s) shall assume any taxes thereafter. Buyer(s) shall assume any ditch and drainage assessments due after closing.

ACREAGE: All tract acreages, dimensions, and proposed boundaries are approx. and have been estimated based on county tax parcel data, county GIS, surveyor plat of description and/or aerial mapping.

SURVEY: The Seller shall provide a new survey where there is no existing legal description or where new boundaries are created by the tract divisions in this auction or where Seller otherwise determines a survey is appropriate. Any need for a new survey shall be determined solely by the Seller. Seller and successful bidder(s) shall each pay half (50:50) of the cost of the survey. The type of survey performed shall be at the Sellers option and sufficient for providing title insurance. If Seller determines a survey is needed, combined purchases will receive a perimeter survey only. Final sales price shall be adjusted to reflect any difference between advertised and surveyed acres.

PROPERTY INSPECTION: Each potential Bidder is responsible for conducting, at their own risk, their own independent inspections, investigations, inquiries and due diligence concerning the property. Inspection dates have been scheduled and will be staffed w/ auction personnel. Further, Seller disclaims any and all responsibility for Bidders safety during any physical inspection of the property. No party shall be deemed an invitee of the property by virtue of the offering of the property for sale.

EASEMENTS: Subject to any and all existing easements.

STOCK PHOTOGRAPHY: A deer photo was used for illustrative purposes only and was not taken on the auction property.

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

DISCLAIMER AND ABSENCE OF WARRANTIES: All info 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 AS IS, WHERE IS basis, and no warranty or representation, either expressed or implied, concerning the property is made by the Seller or the Auction Company. All sketches and dimensions in the brochure are approx.. Each potential bidder is responsible for conducting his or her own independent inspections, investigations, inquiries, and due diligence concerning the property. The info 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 Seller or the Auction Company. Conduct of the auction and increments of bidding are at the direction and discretion of the Auctioneer. The Seller and Selling Agents reserve the right to preclude any person from bidding if there is any question as to the persons 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.