• 317 +/- Acres offered in 8 Tracts • 235 +/- FSA Tillable Acres • Attractive Farmstead w/Barns • Farm 1 - 186 Acres • Farm 2 -131 Acres • Located in Top Farm Area • Woodland - Timber Value • Recreational Land - Potential Building Site • 40 Minutes to Indianapolis • The RIGGS FARM represents a great mix of tillable, wooded and enjoyable land! Located minutes off of I-70, come examine all of the possibilities!
317 +/- Acres offered in 8 Tracts Land Auction
Cambridge City, Indiana, Wayne County
Owner: Firman Riggs Farm owned by Max Riggs, Joseph Riggs, James Riggs & Rebecca Selkirk Tue, Oct 29, 2013 EASTERNAUCTION IS OVER
TOTAL SOLD: $2,073,000
| Tract(s): 1+3 | @ $940,000 | ($8,173/acre) |
| Tract(s): 2 | @ $145,000 | ($5,800/acre) |
| Tract(s): 4 | @ $52,000 | ($4,727/acre) |
| Tract(s): 5 | @ $100,000 | ($2,857/acre) |
| Tract(s): 6+7 | @ $810,000 | ($6,585/acre) |
| Tract(s): 8 | @ $26,000 | ($3,250/acre) |
OPEN HOUSE/INSPECTION DATES
Friday, October 4th, 3-5PM
Saturday, October 12th, 2-4PM
Thursday, October 17th, 3-5PM
Day of the Auction, 3-4PM
PROPERTY LOCATION
TRACTS 1-5: 687 Jacksonburg Rd. Cambridge City, IN 47327.
From I-70 take EXIT 137 (IN State Road 1) to Frontage Road just south of I-70. Travel east on Frontage Rd. 1.5 miles to stop sign (Jacksonburg Rd.) Turn right and travel 1/2 mile to the farm on both sides of the Road. Section(s) 17 & 18 of Harrison Twnp. Wayne Co.
TRACTS 6-8: From I-70 take EXIT 137 (IN State Road 1) to Frontage Road just south of I-70. Travel east on Frontage Rd. 1/2 mile to Germanton Rd. Turn right 1/2 mile to farm on your left. Located in Section 13 of Harrison Twnp.
AUCTION LOCATION
The GOLAY COMMUNITY CENTER located at 1007 E. Main St. (US 40) Cambridge City, IN. Located at the corner of IN SR 1 and US 40.
TRACT DESCRIPTIONS
Tract 1:
76± ac
nearly all tillable w/ 925 ft. frontage on Jacksonburg Rd. Quality tract with Sleeth, Westland and Ockley soils. Great investment opportunity.
Tract 2:
25± ac
w/improvements. Attractive vintage farmstead. Two-story, 3 BR, 1 BA home with two more possible bedrooms upstairs. Exterior is vinyl and brick with some replacement windows and standing seam roof. There is a full basement and the home is heated by fuel oil. Outbuildings include a large bank barn with lean-to, a block garage with 3-overhead doors and additional support buildings. 14+/- acres of tillable land and the balance in pasture, barnyard and homesite. 500 ft. +/- of frontage on Jacksonburg Rd. Western-Wayne Schools.
Tract 3:
39± ac
nearly all tillable cropland with 1050 ft.+/- of frontage.
Tract 4:
11± ac
of mature woods. Nice mix of hardwoods including ash, hickory, and walnut. Potential building site with 380 ft.+/- of road frontage. Come examine all of the possibilities here.
Tract 5:
35± ac
of mature woods with marketable timber value. 40 ft. of frontage on Jacksonburg Rd. Opportunity for the Hunter/outdoorsman or potential secluded estate building site.
CONSIDER COMBINING TRACTS 2-5 FOR 110 ACRE FARM UNIT
Tract 6:
83± ac
with 74 +/- tillable acres. 300 ft. of frontage on Germantown Rd. 8 +/- acre mature woods on southeast corner of this tract with marketable timber.
Tract 7:
40± ac
with 35 +/- tillable acres. Productive cropland. Combine with Tract 6 for 110 tillable acres.
Tract 8: 8± ac of woods and river. Beautiful recreational tract for the whole family. The majority of this tract is in the floodplain and would require special permits for any building. 1025 ft. +/- ft of frontage subject to county right-of-way.
AREA MAP
TRACT MAP(S)
SOIL INFORMATION
AREA MAP(S)
PROCEDURES: The property will be offered in 8 individual tracts, any combination of tracts, or as a total 317 +/- acre unit. There will be open bidding on all tracts and combinations during the auction as determined by the Auctioneer.
DOWNPAYMENT: Real Estate 10% down payment on the day of the 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.
ACCEPTANCE OF BID PRICES: Successful bidder(s) will be required to enter into a purchase agreement 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: The Seller will provide Title Insurance at closing and a preliminary title commitment for the review of the prospective buyer(s).
DEED: Seller shall provide a Warranty Deed(s).
CLOSING: The balance of the real estate purchase price is due at closing, which will take place within 15 days of presentation of marketable title projected to be on or before December 5th, 2013.
POSSESSION: Possession will be delivered at closing subject to 2013 tenants farming rights. Buyer to receive 2014 CROP RIGHTS!
REAL ESTATE TAXES / ASSESSMENTS: Buyer to assume the tax payment due for the year 2014 pay 2015. Seller will pay all taxes due and payable for 2013 pay 2014. Seller will pay all ditch assessments for 2013. Buyer to assume the ditch assessments due and payable in 2014 if any.
ACREAGE: All boundaries are approximate and have been estimated based on current legal descriptions. SURVEY: A new survey will be made where there is no existing legal description or where new boundaries are created by the tract divisions in this auction. If a survey is needed, Buyer(s) and Seller will share survey expense 50:50. If the property sells in its entirety, no new survey will be completed.
EASEMENTS & LEASES: 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 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 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. 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 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 the persons credentials, fitness, etc. All decision of the Auctioneer is final.
ANY ANNOUNCEMENTS MADE THE DAY OF THE SALE TAKE PRECEDENCE OVER PRINTED MATERIAL OR ANY OTHER ORAL STATEMENTS MADE. AUCTION COMPANY OR OWNER NOT RESPONSIBLE FOR ACCIDENTS
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