• 1 MILE NORTHEAST OF BENTONVILLE • 8 MILES NORTH OF CONNERSVILLE • 4 MILES SOUTHWEST OF MILTON • 7 MILES SOUTH OF CAMBRIDGE CITY • 101 CROPS ACRES (USDA) • TOP AG COMMUNITY/POSEY TWP • GOOD SOILS • IMPROVED DRAINAGE • RURAL HOME • BARNS FOR 4-H LIVESTOCK
REAL ESTATE AUCTION - 107.5+/- ACRES OFFERED IN 3 TRACTS IN FAYETTE COUNTY, INDIANA
7856 N CR 450 W, Milton, IN 47357 - Fayette County, Indiana
Owner: Gilda D. Hubbell Estate, Jennifer Moore, PR and Arthur David & Susan Hubbell Tue, Sep 30, 2025 EASTERNAUCTION IS OVER
TOTAL SOLD: $1,675,000
| Tract(s): 1+3 | @ $1,500,000 | ($14,706/acre) |
| Tract(s): 2 | @ $175,000 |
OPEN HOUSE/INSPECTION DATES
Friday September 5, 2025 from 9am-11am
Friday September 19, 2025 from 9am-11am
Meet agents at Tract 2.
PROPERTY LOCATION
7856 N CR 450W, Milton, IN 47357
From Bentonville: 1 mile North to Co. Rd. 800 N then one mile East at corner of Co. Rd. 800 N and Co. Rd. 450 W.
AUCTION LOCATION
Golay Community Center
1007 E Main St, Cambridge City, IN 47327
Corner of Hwy. 1 and Hwy. 40.
PROPERTY DESCRIPTION
107+/- Acres offered in 3 tracts with two story farm house and two barns.
TRACT DESCRIPTIONS
Tract 1: 55± ac all cropland. Top soils. Good drainage with open ditch on east side. Good frontage on Co. Rd. 450 W.
Tract 2: 5± ac with 1,368 sq. ft. two story farmhouse, 2 car detached garage and 2 barns. Great mini farm for your place in the country. Nice view.
Tract 3: 47± ac all cropland at the corner of Co. Rd. 450 W and Co. RD. 800 N. Good ease of crop operation and good frontage.
TRACT MAP(S)
AREA MAP(S)
PROCEDURES: The property will be offered in 3 individual tracts, any combination of tracts, or as a total 107.5+/- 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: 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, 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: 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: Sellers shall provide an owner's title insurance policy in the amount of the purchase price.
DEED: Sellers shall provide Warranty Deed.
CLOSING: The targeted closing date will be November 15, 2025. The balance of the real estate purchase price is due at closing.
POSSESSION: At closing. 2025 crop rights and timber rights to be conveyed.
REAL ESTATE TAXES: Seller to pay 2025 taxes payable 2026 or be credited to Buyer(s) at closing. 2025 Taxes were estimated at $5,586.39/yr.
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 with auction personnel. Further, Seller disclaims any and all responsibility for Bidder's 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.
ACREAGE: All boundaries are approximate and have been estimated based on current legal descriptions.
SURVEY: A new survey will be made where there is no existing legal description or 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.
FSA INFORMATION: See Agent. Farm #3020, Tract 2693
EASEMENTS: Sale of the property is subject to any and all easements of record.
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 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. 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 decision 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.
