• 241 Acres Offered in 4 Tracts • Land Auction • Excellent Location • Excellent Quality Soils • 15 Miles Northeast of Fowler, Indiana
241 Acres Offered in 4 Tracts, Land Auction
Fowler, Indiana, Benton County
Owner: Martha Braker, Joan Wealing, Charles Sheetz, Sharon Schmidt, Derek Schmidt, Meagan Schmidt Thu, Jan 16, 2014 EASTERNAUCTION IS OVER
TOTAL SOLD: $1,870,000
| Tract(s): 1-3 | @ $1,500,000 | ($9,316/acre) |
| Tract(s): 4 | @ $370,000 | ($4,625/acre) |
OPEN HOUSE/INSPECTION DATES
Meet at Tract #4, Wednesday, December 18, 3-5 PM eastern time
Monday, December 23, 3-5 PM eastern time
Or for private showing call Jim at 888-808-8680 or 765-427-1913
PROPERTY LOCATION
From Fowler, IN, at intersection of US 52 & SR 18, take SR 18 - 11 miles east to CR 1200 E (county line) then take CR 1200 E 4 miles north to CR 400 N, then go 3/4 mile west to CR 1125 E, then go 1/4 mile north to Tract 1. Tracts 2, 3 & 4 are 1 mile west of CR 1200 E on CR 400 N.
AUCTION LOCATION
Benton County Annex, 410 S. Adeway Rd., Fowler, Indiana
TRACT DESCRIPTIONS
Tract 1:
81± ac
tract of land, mostly all tillable, excellent quality soils with a 33 ft. owned access land off of CR 1125 E back to this tract.
Tract 2:
10± ac
wooded tract of land with frontage on CR 400 N and CR 1125 E.
Tract 3:
70± ac
tract of land. All tillable except for county road frontage, excellent quality soils. Frontage on CR 400 N & CR 1125 E.
Tract 4: 80± ac parcel of land with a 1056 sq. ft. home with 3 bedrooms, 2 full baths, large living room, and kitchen and dining room. It has central air, some hardwood floors, full basement with 1/2 finished living area. Also, there is a 34 ft. x 48 ft. garage, 40 ft. x 64 ft. tool shed, (2) grain bins. There are 18.5 acres currently in crop production. The balance of the land is presently in pasture.
AREA MAP
TRACT MAP(S)
SOIL INFORMATION
Tract 1
Tract 2
Tract 3
Tract 5
PLAT MAP(S)
AREA MAP(S)
PROCEDURES: The property will be offered in 4 individual tracts, any combination of tracts, or as a total 241+ 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: 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 Warranty 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 March 3, 2014.
POSSESSION: At closing. Seller to convey 2014 crop rights.
REAL ESTATE TAXES: Seller to pay all 2013 payable taxes payable 2014 to be credited to Buyer(s) at closing. 2012-13 real estate taxes: Tract 1 $1353.80/yr., ditch tax $106/yr., Tracts 2 & 3 $1103.40/yr., ditch tax $106/yr., Tract 4 $1862.98/yr., ditch tax $106/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: Note: The FSA information contains other farms. Farm #2234, Farmland: 393.14 Acres, Cropland: 371.47 Acres, Corn Base: 155.4 Acres, Yield: Direct 106 Bu., CC 145 Bu., Soybean Base: 155.3 Acres, Yield: Direct 37 Bu., CC 44 Bu.
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.
