• Productive Tillable Land • Wooded Hunting Land • Potential Building Sites • The woods and rolling terrain provide picturesque landscapes, and the productive tillable land with good drainage outlets provides excellent income producing potential.
140+/- Acres Offered in 4 Tracts
Noble County, Indiana - York Twp.
Owner: Reid Farms, LLC Mon, Nov 29, 2010 EASTERNAUCTION IS OVER
OPEN HOUSE/INSPECTION DATES
Thursday, November 11, 4:00-6:00 PM
Sunday, November 14, 2:00-4:00PM
PROPERTY LOCATION
From Kimmell, travel south on Highway 33 1/2 mile to 200 N, then east 1¼ miles to the property; OR from Albion, travel south on SR 9 1.5 miles to 100 N, then west 4 miles to 400 W, then north 3/4 of a mile to the property. Just 5 Miles to Albion 7 Miles to Ligonier 30 Miles to Fort Wayne 1 Mile to Highway 33 & 4 Miles to SR 9
AUCTION LOCATION
Kneppers Reception Hall located 1/4 mile west of Highway 33 on Cromwell Road, just south of Kimmell.
TRACT DESCRIPTIONS
Tract 1: 19.1± ac of mostly productive tillable land. Soils consist of Morley Silt Loam, Morley Silt Clay Loam and Pewamo Silty Clay Loam. Great access along 200 N and 400 W.
Tract 2: 30.5± ac with over 16.5 acres of productive tillable land. This tract has 14+/- acres of wooded land with over 800 feet of access along 400 W. Consider the possibilities of this tract as a potential building site with recreational and income producing value.
Tract 3: 69.5± ac of mostly productive tillable land. This tract offers considerable county tile access with the predominate soils being Morley Silt Loam, Morley Silt Clay Loam and Rawson Loam. There is 200 feet of frontage along 200 N. Combine with Tract 1 and Tract 2 for a total of 119+/- acres with approximately 105+/- acres of tillable productive land.
Tract 4: 20.7± ac of rolling wooded land. This tract offers a private setting ideal for the hunter and outdoor enthusiast with 150 feet of road frontage along 200 N, which narrows down to 25 feet as access to the woods.
AREA MAP
TRACT MAP(S)
SOIL INFORMATION
PLAT MAP(S)
AREA MAP(S)
PROCEDURE: The property will be offered in 4 individual tracts, any combination of tracts and as a total 140±-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 cashier’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. All final bid prices are subject to the Sellers’ acceptance or rejection.
EVIDENCE OF TITLE: Seller shall provide an owner’s title insurance policy in the amount of the purchase price.
DEED: Seller shall provide a Warranty Deed(s).
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 is at closing.
REAL ESTATE TAXES: Real estate taxes will be the responsibility of the Buyer(s) beginning with taxes due in 2012 and thereafter.
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 has 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 tract acreages, 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 there is no existing legal description or where new boundaries are created by the tract divisions in this auction. Any need for a new survey shall be determined solely by the Seller. 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’s option and sufficient for providing title insurance. Combination purchases will receive a perimeter survey only.
AGENCY: Schrader Real Estate & 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 â€
None at this time
