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160+/- Acres offered in 5 Tracts
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Land Auction
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Top Quality Soil Types
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115 Acres Total Cropland
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Nice Farmstead
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Good Area in Northwest Henry County
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Timber Investment
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Shenandoah Schools
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45 Minutes to Indianapolis
160+/- Acres offered in 5 Tracts
Land Auction
East Central Indiana, Henry County
Owner: James Boyle Trust, Jan Wright, Trustee, Jim Millikan, Attorney Wed, Dec 4, 2013 EASTERNAUCTION IS OVER
TOTAL SOLD: $1,120,000
| Tract(s): 1+3-5 | @ $995,000 | ($6,419/acre) |
| Tract(s): 2 | @ $125,000 | ($25,000/acre) |
OPEN HOUSE/INSPECTION DATES
Saturday, November 16th @ 9:00 - 11:00 AM
Saturday, November 23rd @ 9:00 - 11:00 AM
Day of Sale @ 9:00 - 11:00 AM
Meet Agent on Tract 2
PROPERTY LOCATION
3802 North CR 650W. 6 mi. northwest of New Castle.
From Hwy. 3 and Hwy. 38 intersection west 6 mi. to CR 650 then north 1-3/4 mi. to farm on the right.
AUCTION LOCATION
W H Smith Building New Castle, IN at Henry County.
Address: 2221 N. Memorial Dr., New Castle, IN.
One mile north of New Castle on Hwy. 3 on the west side.
TRACT DESCRIPTIONS
Tract 1:
17± ac
with 13+/- acres cropland and 4 acres woodland & stream. About 1,128 ft. of frontage on CR 650W. Great tract to own for investment, recreation or add to Tracts 2 or 3.
Tract 2:
5± ac
with nice ranch, 1 story 1,567 sq. ft. farmhouse with 3 Bedrooms, 2 baths, basement, shop/tool shed 48 ft. x 48 ft.. Newer 55 ft. x 90 ft. Morton barn and 40 ft. x 65 ft. older barn with loft. Nice country setting.
Tract 3:
108± ac
with 102+/- acres top quality cropland. Cyclone and Crosby soil with production index of 162.8. Two fields and good drainage outlet. Dont find this quality soils and size fields often. Soil maps available.
Tract 4:
10± ac
all pretty mature woodland. Investment type woodland. Must be purchased by adjoining owner or with Tract 3. In Classified Forest currently. (Swing Tract)
Tract 5: 20± ac planted walnut and mixed hardwood woodland. Great investment. Must be bid by adjoining owner or with Tract 3. In Classified Forest currently. (Swing Tract)
AREA MAP
TRACT MAP(S)
SOIL INFORMATION
PLAT MAP(S)
AREA MAP(S)
PROCEDURES: The property will be offered in 5 individual tracts, any combination of tracts, or as a total 160 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.
Note: Tracts 4 and 5 offered to adjoining owners or in combination with Tract 3 only.
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: Sellers shall provide an owners title insurance policy in the amount of the purchase price.
DEED: Sellers shall provide a Trustees Deed.
CLOSING: The balance of the real estate purchase price is due at closing, which will take place within 15 days of presentation of title policy estimated on or before February 4, 2014.
POSSESSION: At closing. Tracts 1 & 3 Buyer(s) to assume 2014 crop lease @ $170/crop acre for 115 acres total prorated per auction tract (cropland only). Seller to credit Buyer(s) at closing $150/crop acre prorated per auction tract for tenants rights not being conveyed for 2014. 2015 crop rights to be conveyed.
REAL ESTATE TAXES: Seller to pay 2013 assessed taxes payable 2014 to be credited to Buyer(s) at closing. 2012 taxes were $5,706.63/yr.
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. Buyer(s) and Seller will share survey expense 50:50. Combination purchases will receive a perimeter survey only. Closing prices will be adjusted to reflect any differences between advertised and surveyed acreages.
FSA INFORMATION: See Agent
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 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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