• 378 cropland acres (FSA) • Hwy 62 frontage • Easy access • Grain storage and machine sheds • Ponds • Public water available • 20 miles east of Evansville
438 +/- Acres Offered in 10 Tracts - Metcalf Farms - 6PM CST
Boonville, IN - Warrick County
Owner: Metcalf Farms Irrevocable Trust Wed, Jun 26, 2013 EASTERNAUCTION IS OVER
TOTAL SOLD: $2,542,000
| Tract(s): 1-3+8-10 | @ $1,925,000 | ($6,062/acre) |
| Tract(s): 4+5 | @ $162,000 | ($3,681/acre) |
| Tract(s): 6 | @ $170,000 | ($5,000/acre) |
| Tract(s): 7 | @ $285,000 | ($6,705/acre) |
OPEN HOUSE/INSPECTION DATES
Thursday, May 30 from 4 p.m. to 6 p.m.
Wednesday, June 12 from 4 p.m. to 6 p.m.
Meet a Schrader Representative on Tract 5.
PROPERTY LOCATION
Directions from Boonville, IN: Take Hwy 62 east 6 miles to Tract 1, continue 1 mile to Frog Pond Rd., turn north to Tracts 2 through 10.
AUCTION LOCATION
Warrick Co. Fairground, 133 E. Degonia Road, Boonville, IN (on the east side of Boonville).
TRACT DESCRIPTIONS
Tract 1: 65± ac with 63.3 tillable acres with approximately 2000 feet of frontage along Hwy 62.
Tract 2: 62± ac with 53.1 tillable acres, access is via Folsomville Road (CR 400 E) at the northwest corner. The non tillable is suitable for recreational use.
Tract 3: 87.5± ac (swing tract) with 80.6 tillable acres. This tract shall be combined with one or more of the following Tracts 2, 4, 5 and/or 6.
Tract 4: 26± ac with 25 tillable acres per FSA records. This tract is currently in grass and has a nice pond. Access and frontage is along Frog Pond Road.
Tract 5: 19± ac mostly tillable, with pond and improvements including two grain bins with aeration, a 25 ft. x 60 ft. open face machine shed, 30 ft. x 48 ft. pole building suitable for machine storage and several other structures all fronting Frog Pond Road.
Tract 6: 34± ac nearly all tillable fronting Frog Pond Road.
Tract 7: 42.5± ac with 35.5 tillable acres. Access and frontage is along Frog Pond Road. There is an older livestock building and silo.
Tract 8: 57± ac with 52.6 tillable acres. Access and frontage along Hwy 62.
Tract 9: 31± ac with 25 tillable acres, level topography and frontage on Frog Pond Road.
Tract 10: 14± ac with 11.2 tillable acres with frontage along Hwy 62 and Frog Pond Road.
AREA MAP
TRACT MAP(S)
SOIL INFORMATION
AREA MAP(S)
PROCEDURE: Tracts 1 through 10 will be offered in individual tracts, in any combination of these 10 tracts, or as a total unit. There will be open bidding on all tracts and combinations during the auction as determined by the auctioneer. Bids on tract, tract combinations, and total property may compete. The property will be sold in the manner resulting in the highest total sale price.
SWING TRACT: Tract 3 shall be combined and sell with one or more of the following auction tracts 2, 4, 5 & or 6 in order to provide access from a public roadway.
DOWN PAYMENT: 10% of the Contract Purchase Price as 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.
APPROVAL OF BID PRICES: The successful bidder will be required to enter into a Purchase Agreement at the auction site immediately following the close of the auction. All auction bids are subject to the acceptance or rejection by the Seller.
DEED: Seller will convey by Warranty Deed and/or Trustee Deed.
EVIDENCE OF TITLE: The Owner agrees to furnish at Owners expense a Title Insurance Policy. A preliminary commitment will be available for review prior to the auction.
CLOSING: The closing shall take place 30 days after the auction day, or as soon thereafter as applicable closing documents are completed by Seller.
POSSESSION: Possession is at closing, subject to tenants rights.
MINERAL RIGHTS: Seller shall convey 100% of their mineral rights.
CASH CREDITS TO BUYER: The Sellers at the time of closing shall CREDIT TO THE BUYER $60 PER CROPLAND ACRE based on current Farm Service Agency (FSA) records.
REAL ESTATE TAXES: Seller shall pay the 2012 taxes due and payable in 2013. All subsequent taxes shall be the Buyers responsibility.
ACREAGE AND SURVEY: The Seller shall determine weather to convey title by current legal description or to survey the property. Any need for a new survey shall be at the Sellers sole discretion. Seller and Buyer shall each pay half (50:50) of the survey cost. The type of survey performed shall be at the Sellers option and sufficient for providing merchantable title. Closing prices shall be adjusted to reflect any difference between advertised and surveyed acres.
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 Bidders safety during any physical inspection of the property.
AGENCY: Schrader Real Estate & Auction Company, Inc. and its representatives are exclusive agents of the Seller. There shall be no sub-agency.
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.
Stock Photography: Some photos are for illustrative purposes only and are not of the auction property.
