• Approximately 82.5 Tillable Acres per FSA • Many Years Since Last Timber Harvest • Patoka River Frontage • Mineral Rights Conveyed to Buyer • Good Hunting Area
LAND AUCTION - 187.5 +/- ACRES OFFERED IN 2 TRACTS IN PIKE COUNTY, INDIANA
Winslow, IN
Owner: Estate of Donald Richardson, Richardson Joint Revocable Living Trust, Martha Annabel Richardson Thu, Aug 12, 2021 EASTERNAUCTION IS OVER
TOTAL SOLD: $629,000
| Tract(s): 1 | @ $620,000 | ($3,388/acre) |
| Tract(s): 2 | @ $9,000 | ($2,000/acre) |
OPEN HOUSE/INSPECTION DATES
Wednesday, July 28th from 4-6pm.
PROPERTY LOCATION
Located at the South edge of Winslow, IN along SR 61
AUCTION LOCATION
Pike County Fairgrounds Community Building
1211 West St Rt 56 Petersburg, IN 47567
TRACT DESCRIPTIONS
Tract 1: 183± ac consisting of approximately 82.5 tillable acres, with the balance mostly woods, level topography and good access off Hwy 61.
Tract 2: 4.5± ac with frontage alone SR 61 and frontage along the Patoka River.
AREA MAP
TRACT MAP(S)
AREA MAP(S)
PROCEDURE: The property will be offered in 2 individual tracts with simultaneous bidding.
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 Trustee and/or Warranty Deed(s).
CLOSING: The targeted closing date will be approximately 30 days after the auction.
POSSESSION: Possession is at closing, subject to the current farm lease and remaining tenants rights.
MINERAL RIGHTS: Sellers shall convey to buyer(s) 100% of their mineral rights.
REAL ESTATE TAXES: Real estate taxes will be prorated to the day of closing.
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 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 SellerÃ
