• 33 Acres Productive Tillable Land • 3.5 Acres Mixed Hardwoods • Home & Garage • Farm Pond
37.6 Acres Offered in 1 Tract
St. Joseph County, Indiana - Madison Twp.
Owner: Nelson D. Stuber Estate, Jeffrey L. Stuber, Personal Rep. Tue, Sep 7, 2010 EASTERNAUCTION IS OVER
OPEN HOUSE/INSPECTION DATES
Wednesday, September 1 from 4-6 PM
Walk over inspections welcome.
PROPERTY LOCATION
62901 State Road 331, 3 miles south of US 20 Bypass or 1 mile north of Woodland.
AUCTION LOCATION
Madison Township Fire Station. Located at the north edge of Wyatt on SR 331 or 4 miles south of auction property.
TRACT DESCRIPTIONS
Tract 1: 37.6± ac 33 acres of level productive tillable land plus 3.5 acres of mixed hardwoods in northwest corner of farm. 850+/- feet of road frontage on State Road 331. 1.5 story, 100 year old house surrounded by mature trees plus a small pond. There is a large (24 ft.x62 ft.) detached garage. House has been idle and offers an opportunity for remodeling and updating. The house is being offered in AS IS condition.
AREA MAP
TRACT MAP(S)
SOIL INFORMATION
PLAT MAP(S)
AREA MAP(S)
PROCEDURE: The property will be offered in one tract.
DOWN PAYMENT: 10% down payment on the day of auction with the balance in cash at closing. 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 PRICE: The successful bidder will be required to enter into a Purchase Agreement at the auction site immediately following the close of the auction. The final bid price is subject to the Seller’s 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 Personal Representative Deed.
REAL ESTATE CLOSING: The balance of the purchase price is due at closing, which will take place within 20 days of delivery of marketable title. Costs for an insured closing shall be shared 50:50 between Buyer and Seller.
POSSESSION: Possession shall be at closing except for the tillable land. Possession of the tillable land is subject to removal of the 2010 crop.
REAL ESTATE TAXES: Real estate taxes will be the responsibility of the Buyer beginning with 2011 taxes due in 2012.
SURVEY: If Buyer wants a survey, the cost to be split between Buyer and Seller.
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 “AS IS, WHERE IS†basis, and no warranty or representation, either expressed or implied, concerning the property is made by the Seller or the Auction Company. All sketches and dimensions in the brochure are approximate. 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 Seller or the Auction Company. Conduct of the auction and increments of bidding are at the direction and discretion of the Auctioneer. The Seller and Selling Agents reserve the right to preclude any person from bidding if there is any question as to the person’s credentials, fitness, etc. All decisions of the Auctioneer are final.
ANY ANNOUNCEMENTS MADE THE DAY OF THE SALE TAKE PRECEDENCE OVER PRINTED MATERIAL OR ANY OTHER ORAL STATEMENTS MADE.
None at this time
