• 2 Miles North of Connersville, IN • 2026 Crop Rights to Buyer w/ 201+/- Acres of row crops in 2025 • Premier Deer Hunting Tract w/ River Frontage • 58+/- Acres currently in the Indiana Classified Forest Program • Excellent Fertility (Former Dairy Farm) • (2) Country Homes with Extensive Livestock Improvements • Tracts from 5+/- Acres to 70+/- Acres • Potential Irrigation Opportunities for Value added Crops • ATTENTION Crop Farmers, Hunters & Livestock Producers
LAND AUCTION - 276+/- ACRES OFFERED IN 9 TRACTS IN FAYETTE COUNTY, INDIANA
4751 Pennville Rd., Milton, IN 47357 & 4740 Pennville Rd., Milton, IN 47357 - Fayette County, IN
Owner: John D. Stevens and Chrystie J. Stevens Fri, Jan 23, 2026 EASTERNAUCTION IS OVER
TOTAL SOLD: $3,050,000
| Tract(s): 1-9 | @ $3,050,000 | ($11,051/acre) |
OPEN HOUSE/INSPECTION DATES
Friday, December 26th from 10 AM - 12 Noon
Friday, January 2nd from 10 AM - 12 Noon
Wednesday, January 7th from 10 AM - 12 Noon
Wednesday, January 14th from 10 AM - 12 Noon
Meet Agent at Tract 3
PROPERTY LOCATION
4751 Pennville Rd., Milton, IN 47357
From the northeast edge of Connersville, travel east on 30th St. to Waterloo Rd. Take Waterloo 1.5 miles to E. CR 440 North. Then right 1/4 mile to Pennville Rd. North on Pennville Rd. to the farm on both sides of the road.
AUCTION LOCATION
Golay Community Center
1007 E. Main, Cambridge City, IN 47327
Located at the intersection of US 40 and State Hwy. 1 on the northwest corner.
PROPERTY DESCRIPTION
All acreages are approximate. (Secs. 31 & 32, Waterloo Twp)
TRACT DESCRIPTIONS
Tract 1: 69± ac with 59+/- FSA Tillable acres with the balance in classified forest. Frontage on Pennville Rd. with a mix of Genesee and Ninevah loam soils. Excellent fertility and impressive production history.
Tract 2: 58± ac with 47+/- FSA Tillable acres with the balance in woods (IN Classified Forest). Frontage on Pennville Rd. with predominantly Genesee river bottom loams. Excellent fertility levels from years of livestock production.
Tract 3: 10± ac with a mix of tillable and pastureland. Consider this tract as a potential estate building tract or combining with Tracts 1 or 4.
Tract 4: 11± ac with 2-story country farmhouse located at 4751 Pennville Rd., Milton, IN 47357 featuring extensive improvements which include:
Tract 5: 70± ac with 58+/- river bottom cropland acres and the balance in classified forest.
Tract 6: 9± ac with a mix of crop or pastureland. Potential estate building site with an elevated panoramic view.
Tract 7: 12± ac farmstead (4740 Pennville Rd., Milton, IN 47357) with a 2 story Farmhouse (2,090 sf) with an attached 2 car garage. Multiple buildings including 42ft x 60ft x 14ft pole barn, a 50ft x 90ft x 12ft pole barn and a 30ft Harvestore silo. Additional improvements compliment this tract. Small farmsteads like this are hard to find.
Tract 8: 5± ac nearly all cropland acres. Consider combining with Tracts 5, 7 or 9.
Tract 9: 32± ac of river and woodland. Premier hunting and recreational land. 22+/- acres are currently enrolled in the Indiana Classified Forest program.
TRACT MAP(S)
Tracts 1-9
AREA MAP(S)
PROCEDURES: The property will be offered in 9 individual tracts, any combination of tracts, or as a total 276+/- 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 a Warranty Deed.
CLOSING: The targeted closing date will be on or before February 25th, 2026. The balance of the real estate purchase price is due at closing.
POSSESSION: Possession at closing on Tracts 1-6, 8 & 9. Possession of the house and buildings on Tract 7 will be conveyed on or before April 1.
REAL ESTATE TAXES: Seller to pay 2025 taxes payable 2026 by giving the buyer(s) a credit at closing.
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.
EASEMENTS: Sale of the property is subject to any and all easements on 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 "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 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.
