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MAJOR LAND AUCTION
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489+/- Acres offered in 11 Tracts
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5 Farms - Tracts Ranging from 6+/- Acres to 99+/- Acres
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355+/- Tillable Acres with Prime Soils
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Great Woods & Recreation - Potential Building Sites
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Country Home with 2 Pole Barns
MAJOR LAND AUCTION, 489+/- Acres offered in 11 Tracts
DeKalb County, NE Indiana, Butler, Spencer & Wilmington Twps.
Owner: Westrick, LLC Thu, May 1, 2014 EASTERNAUCTION IS OVER
TOTAL SOLD: $2,524,000
| Tract(s): 1-9+11 | @ $2,460,000 | ($5,092/acre) |
| Tract(s): 10 | @ $64,000 | ($10,322/acre) |
OPEN HOUSE/INSPECTION DATES
Thursday, April 10th from 3-5pm
Monday, April 21st from 3-5pm
Meet a Schrader representative at the FOE (Eagles) Building for additional information
PROPERTY LOCATION
FARM A: From downtown Butler, travel west on US 6 1-1/2 miles to CR 61. Turn south on CR 61 and travel 1 mile to Farm A.
FARM B: From the intersection of US 6 and CR 63, just west of Butler, travel south on CR 63 3-1/2 miles to Farm B.
FARM C: located at the northeast corner of SR 8 and SR 1/CR 63, just west of Newville.
FARM D: located on CR 60, just west of its intersection with SR 1 in St. Joe.
FARM E: From the intersection of CR 60 and Old US 47 (south of Auburn), travel west on CR 60 1 mile, over I-69, and take the next road on the left - gravel road. Follow CR 19 south and west approximately 3 miles to the property.
AUCTION LOCATION
Fraternal Order of Eagles, 541 W Main St, Butler, IN 46721
Located on US 6 on the west side of Butler.
TRACT DESCRIPTIONS
Tract 1:
30.8± ac
FARM A: 91+/- Acres in 3 Tracts
Tract 1: 31+/- acres with 27+/- acres tillable. Mostly Pewamo and Rawson soils. Road frontage on CR 61.
Tract 2: 20± ac with 17+/- acres tillable. Rawson, Pewamo, and Blount soils and frontage on CR 61.
Tract 3:
40± ac
with frontage on CR 61 and 34. 37+/- acres tillable. Mostly Pewamo and Blount soils.
Tract 4:
40.3± ac
FARM B- 40+/- acres
Tract 4: 40+/- acres with 33+/- acres productive tillable with 6+/- acres woods. Mostly Blount and Pewamo soils. Road frontage on CR 63.
Tract 5:
92± ac
FARM C: 136+/- acres
Tract 5: 93+/- acres in 2 tracts with 69+/- acres productive tillable. Combined road frontage on SR 1 and SR 8. Mostly Glynwood and Blount.
Tract 6:
43.1± ac
mostly wooded. 60 ft. road frontage on SR 8. Great hunting, recreation and potential building site.
Auctioneer's Note: Tract 6 with approximately 60' of road frontage is being offered in its current use as a non-buildable recreational tract. Any Building Permit for this tract would require a variance to comply with current Dekalb County Zoning Ordinance. Property is not being sold subject to any future use.
Tract 7:
43± ac
FARM D: 142+/- Acres in 2 Tracts
Tract 7: 43+/- acres with 25+/- acres tillable and 10+/- acres of woods. Productive Glynwood and Blount soils. Frontage on CR 60 and CR 55.
Tract 8:
98.9± ac
including 82+/- acres tillable and 14+/- acres woods. Frontage on CR 60. Primarily Glynwood and Pewamo soils.
Tract 9:
35± ac
FARM E: 80+/- Acres in 3 Tracts
Tract 9: 34+/- acres with all tillable. Frontage on CR 19. Includes potential income from billboard along I-69. Primarily Blount, Pewamo and Rawson soils.
Tract 10: 6.2± ac including 3-bedroom home, plus 24x40 pole barn, 32x64 pole barn, and several sheds. Consider the potential rental income! Includes fenced pasture area for small animals. Address: 6757 CR 19, Auburn, IN.
Tract 11:
40± ac
including 29+/- acres tillable and 8+/- acres woods. Road frontage on CR 19.
ONLINE BIDDING AVAILABLE: You may bid online during the auction at www.schraderauction.com. You must be registered One Week in Advance of the Auction to bid online. For online bidding information, call Kevin Jordan at Schrader Auction Co. - 800-451-2709.
AREA MAP
TRACT MAP(S)
Farm A
Farm B
Farm C
Farm D
Farm E
SOIL INFORMATION
Farm A
Farm B
Farm C
Farm D
Farm E
PLAT MAP(S)
Farm A-C
Farm D
Farm E
AREA MAP(S)
PROCEDURE: The property will be offered in individual tracts, any combination of tracts and as a total 489+/- 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: 10% down payment on the day of auction for individual tracts or combinations of tracts. The down payment may be made in the form of 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: 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.
EVIDENCE OF TITLE: Seller shall provide an owners title insurance policy in the amount of the purchase price.
DEED: Seller shall provide a Warranty Deed(s).
PLANNING APPROVAL: Any development or construction on the property will require obtaining applicable local governmental approvals. Buyer assumes all responsibility and risk in connection with any applicable requirements to obtain any applicable governmental approvals. Properties are sold as is with the existing zoning. Zoning info per the Dekalb County GIS website.
CLOSING: The balance of the purchase price is due at closing, which will take place within 15 days after Sellers closing documents are prepared (estimated to be on or before June 1, 2014). Costs for an insured closing shall be shared 50:50 between Buyer(s) and Seller.
POSSESSION: Possession is at closing subject to tenants rights for the remainder of the 2014 crop year.
REAL ESTATE TAXES: Buyer shall assume the 2014 real estate taxes due in 2015.
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. No party shall be deemed an invitee of the property by virtue of the offering of the property for sale.
ACREAGE: All tract acreages, dimensions, and proposed boundaries are approximate and have been estimated based on current legal descriptions, aerial photos, and/or DeKalb County GIS.
SURVEY: The Seller shall provide a new survey where there is no existing legal description or where new boundaries are created by the tract divisions in this auction. Any need for a new survey shall be determined solely by the Seller. Seller and successful bidder shall each pay half (50:50) of the cost of the survey. The type of survey performed shall be at the Sellers option and sufficient for providing title insurance. Combination purchases will receive a perimeter survey only.
FARM INCOME: Buyer shall be credited at closing the amount of the 2014 cash rent due to Seller.
SOIL INDEX: Soil index information provided by Agri Data Inc. All acreages are approximate.
AGENCY: Schrader Real Estate & Auction Company, Inc. and its representatives are exclusive agents of the Seller.
STOCK PHOTOGRAPHY: Wildlife and crop photos are for illustrative purposes only and were not taken on the property.
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 STATEMENT MADE.
