• Large Parcels of Productive Tillable Farmland • Kosciusko County, Indiana • Plain Township • Warsaw Community Schools
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189 Acres Offered in 4 Tracts - 3 Locations
Leesburg & Warsaw, Indiana
Owner: Richard & Peggy Klopenstein Mon, Nov 5, 2012 EASTERNAUCTION IS OVER
TOTAL SOLD: $1,050,000
Tract(s): 1-4 | @ $1,050,000 | ($5,528/acre) |
OPEN HOUSE/INSPECTION DATES
Walk over or call the sale managers for private inspections.
PROPERTY LOCATION
Tract 1: On the north edge of Leesburg on SR 15.
Tract 2: From SR 15 on the south edge of Leesburg, turn east on CR 600 N to Old SR 15 then turn south to CR 575 N, then turn east to the farm on the south side.
Tracts 3 & 4: On SR 15 in Warsaw north of US 30 turn east on CR 350 N (at Othy) 1.5 miles east to CR 100 E then turn south 1/2 mile to CR 300 N, turn east to farm on south side of road. For Tract 4 continue past Tract 3 to CR 175 E turn south 1/2 mile to Tract 4 on the west side just past Osborn Rd.
AUCTION LOCATION
The Leesburg Elementary School in Leesburg at the intersection of Armstrong Road and Old State Road 15.
PROPERTY DESCRIPTION
The land totals 189.93 acres according to information taken from Kosciusko County records. You are closing on acreage according to county records.
TRACT DESCRIPTIONS
Tract 1: 36.4± ac Nearly all productive, tillable acreage and 81 ft. x 80 ft. steel storage building, clear span steel rafters and on I-beam frame, roof replaced 5 years ago with road frontage on SR 15. Parcel ID: 029-030-001.A.
Tract 2: 70.6± ac Nearly all productive tillable land on CR 575 N. Parcel ID: 029-061-006.
Tract 3: 61.9± ac All open and tillable land. Road frontage on CR 300 N. Parcel ID: 029-134-001.
Tract 4: 20± ac Mostly tillable productive land and potential building site. Road Frontage on CR 175 E. Combine Tracts 3 & 4 for 81.93 total acres. Parcel ID: 029-133-002.AAA.
AREA MAP
TRACT MAP(S)
SOIL INFORMATION
AREA MAP(S)
PROCEDURE: Tracts 1-4 will be offered in individual tracts, any combination of tracts or on the entire property. There will be open bidding on all tracts and combinations during the auction as determined by the auctioneer. The property will be sold in the manner resulting in the highest total sale price.
DOWN PAYMENT: 10% of the accepted bid as down payment on the day of the auction with balance in cash at closing. The down payment may be in the form of cash, 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.
APPROVAL 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. Purchase agreements will be signed by the registered bidder only. If you choose to share the purchase with another party, you will be required to do so after the completion of closing as indicated on the signed purchase agreement.
DEED: Sellers will provide a Warranty deed.
EVIDENCE OF TITLE: Sellers will provide title insurance in the amount of the purchase price.
CLOSING: Closing shall take place within 15 days of proof of marketable title. Sellers shall not be responsible for any closing costs incurred due to the Buyer(s) securing financing.
POSSESSION: At closing subject to harvest of crops.
REAL ESTATE TAXES: The taxes shall be pro-rated to the date of closing.
SURVEY: There will be no new surveys as each tract has an exsisting legal description.
EASEMENTS: The sale of the property is subject to any and all easements of record.
DISCLAIMER AND ABSENCE OF WARRANTIES: All information contained in this brochure and all related materials is subject to the Terms and Conditions outlined in the Purchase Agreement. 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. The property is being sold on an “AS IS, WHERE IS†basis, and no warranty or representation, either express or implied, concerning the property is made by the Seller or the Auction Company. No guarantee as to location of septic and well, or condition of septic and well is made by the Auction Company, it’s agents or Sellers. Each potential bidder is responsible for conducting his or her own independent inspections, investigations, inquires, 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. All sketches and dimensions in this brochure are approximate. Except for any express warranties set forth in the sale documents, purchaser(s) assumes all risks thereof and acknowledges that in consideration of the other provisions contained in the sale documents, Seller and the Auction Company make no warranty or representation, express or implied or arising by operation of law, including an warranty of merchantability or fitness for a particular purpose of the property, or any part thereof, and in no event shall Seller or the Auction Company be liable for any consequential damages. Conduct of the auction and increments of bidding are at the direction and discretion of the auctioneer. The Seller and Auction Company 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.
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