• Cropland and Woodland with Stream • 4 Miles West of Connersville • 50 Minutes East of Indianapolis • 15 Miles East of Rushville • Investment Cropland/Recreational Land • Frontage on 2 Roads • 2011 Crop Rights
92 Acres Offered in 3 Tracts
West of Connersville - Fayette County, Indiana
Owner: Harold DeGroff Estate, Joseph DeGroff, Personal Representative Wed, Mar 16, 2011 EASTERNAUCTION IS OVER
OPEN HOUSE/INSPECTION DATES
Monday, February 28, 3-5 PM and Tuesday, March 8, 3-5 PM
PROPERTY LOCATION
4 miles west of Connersville or from Connersville west on Hwy. 44 about 4 miles to Bunker Hill then north on Co. Rd. 400W to Co. Rd. 150N property is on the left.
AUCTION LOCATION
Connersville 4-H Building, 2640 Roberts Park Rd., Connersville, IN. Located on Hwy. 1 and North Park Rd. Turn at Dairy Queen.
PROPERTY DESCRIPTION
All acreages are approximate.
TRACT DESCRIPTIONS
Tract 1: 21.2± ac with 20.7 acres cropland. About 1,044 feet of frontage on Co. Rd. 400W. Nice size tract for your country place and great crop income until you are ready to build.
Tract 2: 13± ac with 12.3 acres cropland. About 994 feet of frontage on Co. Rd. 150N and 559.62 feet of frontage on Co. Rd. 400 W. Great tract to own if you are a farmer, investor or want to build someday. Good frontage on two roads.
Tract 3: 57.5± ac with 43.4 acres cropland. About 2,897 feet of frontage on Co. Rd. 150N. This has great potential as your own crop/livestock place and a great place for your pond and recreation area along the stream. Hunt and enjoy outdoors with the whole family. Many great building sites to choose.
AREA MAP
SOIL INFORMATION
PLAT MAP(S)
AREA MAP(S)
PROCEDURES: The property will be offered in 3 individual tracts, any combination of tracts, or as a total 92 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.
DOWNPAYMENT: 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 Executors Deed.
CLOSING: The balance of the real estate purchase price is due at closing, which will take place within 15 days of presentation of title policy estimated on or before April 16, 2011.
POSSESSION: At closing. Immediate possession of cropland with 20% down payment at the auction. Buyer(s) to pay existing fertilizer expense applied in fall of 2010, itemized cost to be presented to Buyer(s) at auction.
REAL ESTATE TAXES: Buyer to pay installment due and payable May 2012. Taxes estimated at $10/acre per cropland acre ($765.58/yr. total).
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 acreage’s.
FSA INFORMATION: Farm #2252, Tract #2117. Total 76.6 acres cropland. Corn base of 76.6 acres with yield of 111 Bu.
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 â€
None at this time