• 188+/- Tillable Acres • Great Location • Productive Cropland • Excellent Timber Investment with Quality Hardwood Trees • Excellent Whitetail Deer & Wild Turkey Hunting • Several Possible Food Plot Locations • Possibility to Clear for Additional Cropland
385+/- Contiguous Acres Offered in 7 Tracts
Wabash County, Indiana
Owner: Minda Linsmeyer & Donna Fox Mon, Oct 24, 2011 EASTERNAUCTION IS OVER
OPEN HOUSE/INSPECTION DATES
THURSDAY, OCTOBER 6, 4-6 PM & WEDNESDAY, OCTOBER 12, 4-6 PM
Meet Schrader Rep. on Tract 2.
PROPERTY LOCATION
For tracts 1, 2, & 3 from US 24 and SR 13, travel East on 24 approximately 1 mile to CR 100 E, turn left (North) and travel .7 miles to property.
For tracts 4, 5, 6, & 7, continue North on 100 E to CR 200 N, turn right (East) and travel .7 miles to CR 175 E. Turn right (South) and travel .3 miles. County maintained road ends, continue on unmaintained county road to property.
AUCTION LOCATION
Wabash County REMC Building.
350 Wedcor Ave. Wabash, IN 46992
From the intersection of US 24 and SR 15, travel north on SR 15 1/4 mile to Wedcore Ave. then west 3/4 mile to the auction site.
TRACT DESCRIPTIONS
Tract 1: 86± ac 74+/- tillable acres per FSA with road frontage on CR 100 E . This tract has predominately Blount silt loam soils. Do not overlook the possibility to clear fence rows and gain a large productive piece of land.
Tract 2: 46± ac 35+/- tillable acres per FSA with road frontage on CR 100 E and 50 ft. Easement access using the old homestead lane. This tract would make a beautiful building site with additional cropland and woodland for income and recreation.
Tract 3: 68± ac Woodland with tremendous quality of mixed hardwoods with 50 ft. easement access. This tract has excellent hunting with future timber income.
Tract 4: 80± ac 39+/- tillable per FSA access off of CR 175 E. This tract has a mix of income producing cropland, quality young timber, with endless hunting and recreation fun.
Tract 5: 38± ac 8+/- tillable per FSA. Great timber investment piece with excellent hunting and recreation.
Tract 6: 42± ac 27+/- tillable per FSA. balance in woods with a good stand of young timber. This tract also has great hunting and recreation. This tract must be bid on in combination with tracts 4, 5, or bid on by adjoining land owner.
Tract 7: 25± ac 4+/- tillable balance in woods. This tract must be combined with tract 4 or bid on by an adjoining land owner.
AREA MAP
TRACT MAP(S)
SOIL INFORMATION
PLAT MAP(S)
AREA MAP(S)
PROCEDURE: This property will be offered as 7 tracts or a whole 385+/- acre property. 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.
DOWN PAYMENT: 10% down payment on the day of 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.
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 administered closing shall be shared 50:50 between Buyer(s) and Seller. EVIDENCE OF TITLE: Seller shall provide an owners title insurance policy in the amount of the purchase price.
DEED: Seller shall provide appropriate Deed(s).
POSSESSION: Possession shall be at closing, subject to tenants rights for the 2011 crops.
REAL ESTATE TAXES: Buyer shall assume the 2012 real estate taxes due in 2013. Buyer shall assume any Ditch Assessments due in 2012 and thereafter.
ACREAGE: All tract acreages, dimensions and proposed boundaries are approximate and have been estimated based on aerial photos and the current legal description.
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, if any.
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 Sellers option and sufficient for providing title insurance. Closing prices shall be adjusted to reflect any difference between advertised and surveyed acres, if a new survey is determined to be necessary by the Sellers. 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 Sellers or the Auction Company. All sketches and dimensions in the brochure are approximate. Each potential bidder is responsible for conduction 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 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 to the persons credentials, fitness, etc. All decisions of the Auctioneer are final. ANNOUNCEMENTS MADE BY THE AUCTION COMPANY AT THE AUCTION PODIUM DURING THE TIME OF THE SALE WILL TAKE PRECEDENCE OVER ANY PREVIOUSLY PRINTED MATERIAL, OR ANY OTHER ORAL STATEMENTS MADE.
STOCK PHOTOGRAPHY: Some photography is used for illustrative purposes.
None at this time
