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241.01+/- Acres offered in 10 Tracts
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Real Estate Auction
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Productive Tillable Land
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Potential Building Sites
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Woods, Wildlife, Hunting & Recreation
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Two Country Homes
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Warsaw Community Schools
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Attention! Farmers, Investors, Home Site Buyers & Hunters - Excellent Opportunity Offered Only at Auction.
REAL ESTATE AUCTION, 241.01+/- Acres offered in 10 Tracts, Mostly Tillable Land
Kosciusko County, Indiana, Southeast of Warsaw, Southwest of Pierceton
Owner: Miriam L. McCleary Revocable Trust Mon, Mar 24, 2014 EASTERNAUCTION IS OVER
TOTAL SOLD: $1,960,000
| Tract(s): 1+2+7+8+10 | @ $1,262,000 | ($6,721/acre) |
| Tract(s): 3 | @ $68,000 | ($34,000/acre) |
| Tract(s): 4 | @ $110,000 | ($7,713/acre) |
| Tract(s): 5+6 | @ $255,000 | ($13,076/acre) |
| Tract(s): 9 | @ $265,000 | ($15,142/acre) |
OPEN HOUSE/INSPECTION DATES
Wednesday, February 26 from 4:30-6 PM Saturday, March 1 from 10-11:30 AM
Call the Sale Managers for Private Inspections.
PROPERTY LOCATION
3096 & 3346 S. Packerton Rd., Warsaw, Indiana.
US 30 on the East side of Warsaw to CR 250 E, turn South to Pierceton Rd., for Tract #1 turn East 1/4 mile to CR 275 E, then turn South 1.5 miles. For Tracts 2-10 at the Pierceton Rd. turn West 3/4 mile to the Packerton Rd., then turn South & follow Packerton Rd. 1-3/4 miles to the farm.
AUCTION LOCATION
The Center Lake Pavilion, 119 E Canal St., Warsaw, Indiana.
At the Intersection of US 30 & SR 15, turn South on SR 15 (Detroit St.) 1.5 miles to Canal St., Center Lake Park, turn right to pavilion.
TRACT DESCRIPTIONS
Tract 1:
50± ac
43+/- acres of productive, tillable land with 1240 ft.+/- of road frontage on CR S 275 E.
Tract 2:
63± ac
Mostly productive, tillable acres with 340 ft.+/- of road frontage on Packerton Rd. Combine tracts 1 and 2 for 106+/- tillable acres.
Tract 3:
2± ac
3096 S. Packerton Rd., Warsaw. 1-1/2 story country home with 1664+/- square foot with all natural oak woodwork and wood floor thru out. Kitchen with appliances, dining and living rooms with built in original oak storage cabinets, 4 Bedrooms, 1 down and 3 upstairs, mudroom/back porch and laundry (including washer and dryer, pantry closet. Forced air furnace, water softener, copper plumbing. There is a 24 ft. x 40 ft. building and a 40 ft. x 60 ft. bank barn. Excellent opportunity for livestock, 4-H or mini-farm. Approximately 376 ft. of road frontage. Combine with Tract 4 for additional pasture, recreational area.
Tract 4:
14.3± ac
Mostly wooded, potential building site or excellent for hunting, wildlife and recreation. 500 ft.+/- of road frontage on Packerton Rd.
Tract 5:
17.5± ac
Potential building site, or secluded woods with wildlife, hunting and recreation potential. 315 ft.+/- of road frontage on Packerton Rd.
Tract 6:
2± ac
3346 S. Packerton Rd., Warsaw. Country home with 1101+/- square foot and attached 1 car garage. Eat-in kitchen with appliances, living room, 1-1/2 bathrooms, 2 bedrooms and den/3rd bedroom and laundry room with washer and dryer. 30 ft. x 26 ft. and 36 ft. x 20 ft. outbuildings. Approximately 380 ft.+/- of road frontage. Combine with Tract 5 and/or Tract 7 for additional acreage.
Tract 7:
20.5± ac
Mostly productive, tillable land with 620 ft.+/- of road frontage on Packerton Rd.
Tract 8:
22± ac
Mostly tillable, productive tillable land with 925 ft.+/- of road frontage on Packerton Rd.
Tract 9:
17.5± ac
Secluded hunters paradise with ideal food plot area or 8.5+/- tillable acres or potential building site. 50 ft.+/- of road frontage on Packerton Rd.
Tract 10:
32.2± ac
Productive, tillable land and wooded areas with 830 ft.+/- of road frontage on Packerton Rd. and 1320 ft. +/- of road frontage on CR E 400 S.
Parcel ID # ft.s: 003-172-002, 003-172-002.DA, 003-173-002, 003-174-001, 003-174-00
Bid your price on your choice of tract, any combination of tracts, or on the whole property.
Note: The farm has been rented for the 2014 crop year. Buyers of Tillable land shall receive the cash rent according to tillable acreage on the tract or tracts purchased. Call or visit www.GaryBaileyAuctions.com for cash rent acreage per tract. Also, the homes are currently rented and the tenants shall have 45 days after closing to remain in the homes.
AREA MAP
TRACT MAP(S)
Tracts 1-10
Tracts 1-7
Tracts 8-10
SOIL INFORMATION
Tracts 1-10
Tracts 1-7
Tracts 8-10
AREA MAP(S)
PROCEDURE: Bid on 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, 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.
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 Trustees deed.
EVIDENCE OF TITLE: Sellers will provide title insurance in the amount of the purchase price.
CLOSING: Closing shall take place 15 days after marketable title.
POSSESSION: At closing on non – tillable acreage, after harvest of crops on tillable acreage and 45 days after closing on Tracts 3 & 6.
REAL ESTATE TAXES: The Seller shall pay the 2013 real estate taxes, due in 2014. The Buyer shall pay all taxes thereafter.
DITCH ASSESSMENTS: The Buyers shall pay the 2014 ditch assessments due in May.
SURVEY: The Seller shall determine any need for a new survey. There shall be no survey if the property is purchased by one Buyer. Any new survey(s) provided shall be for the perimeter only, when tracts are combined. Closing prices shall be adjusted to reflect any difference between advertised and surveyed acres, except on Tracts 3 and 6 or combinations including Tracts 3 and 6. The survey costs shall be shared 50:50 between Buyer(s) and Sellers. Sellers shall not be responsible for any closing costs incurred due to the Buyer(s) securing financing.
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, its 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 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
