• Quality Farm Land • Possible Building Sites • Excellent Location
174.3 +/- Acres Offered in 7 Tracts - Land Auction
Lafayette, IN - Tippecanoe County
Owner: Jay R. House, Mary Ann Haan, Janet Kay Sheets, Marcia Lee Golden, Mary Lynn McIntyre, John F. Brand Thu, Oct 25, 2012 EASTERNAUCTION IS OVER
TOTAL SOLD: $1,145,000
| Tract(s): 1-7 | @ $1,145,000 | ($6,569/acre) |
OPEN HOUSE/INSPECTION DATES
Please feel free to walk over the property at your leisure.
PROPERTY LOCATION
From I-65 & SR 38, take SR 38 through Dayton to CR 800E. The property has frontage on SR 38, CR 800E and Harding Road.
AUCTION LOCATION
Best Western Conference Center at the intersection of I-65 & SR 26.
TRACT DESCRIPTIONS
Tract 1: 12± ac parcel of land with pond, possible building site and frontage on SR 38 and Harding Road.
Tract 2: 79± ac tract of land, all tillable except for road frontage. This tract of land has quality soils and frontage on Harding Road.
Tract 3: 27± ac tract of land, mostly all wooded except for a 60 ft. access off of Harding Road.
Tract 4: 14± ac parcel of land, tillable land and woods and possible building site on the wooded ridge. This tract has approximately 580 ft. of frontage on CR 800E which is adjacent to the Wildcat Creek.
Tract 5: 14± ac parcel of land, tillable land and woods and possible building site on the wooded ridge. This tract has approximately 610 ft. of frontage on CR 800E.
Tract 6: 14± ac parcel of land, tillable land and woods and possible building site on the wooded ridge. This tract has approximately 600 ft. of frontage on CR 800E.
Tract 7: 14± ac tract of land has tillable and wooded land, with possible building site and approximately 550 ft. of frontage on CR 800E and frontage on SR 38.
AREA MAP
TRACT MAP(S)
SOIL INFORMATION
PLAT MAP(S)
AREA MAP(S)
PROCEDURE: The property will be offered in 7 individual tracts, any combination of tracts and as a total 174.3 +/- 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 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: 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 owners title insurance policy in the amount of the purchase price.
DEED: Seller shall provide Warranty Deed(s).
CLOSING: The balance of the purchase price is due at closing.
POSSESSION: Possession is at closing.
REAL ESTATE TAXES: Buyer(s) will be responsible for the 2013 real estate taxes due in May 2014 and any ditch tax in May 2013 if any.
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 Bidders 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 are based off new survey.
SURVEY: If the property sells in tracts, then a new tract survey will be provided and the cost of the new tract survey will be split 50:50. Also, the bid price per acre will be adjusted to reflect the new surveyed acres.
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 & 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 persons 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.
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