• ***This property has been sold prior to auction*** • 172+/- Acres offered in 4 Tracts • Unbelievable Property • Top-Tier Hunting Property Historically used by Professional Outfitters • Established Food Plots & Trail System • Heavy Whitetail and Turkey Population • Established Business Moores Lodge with Impressive Income Potential • Great Mix of Recreational Land w/Income Producing Tillable Acres • 51+/- FSA Crop Acres, 2021 Crop Rights to Buyer • 14 Miles Southwest of Richmond, IN • 12 Miles Northwest of Liberty, IN • 101+/- Acres of Indiana Classified Forest • This is a must see for the Hunter, Outdoorsman & Recreationalist • 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 Schrader Auction Company at 800-451-2709.
***SOLD PRIOR TO AUCTION*** LAND AUCTION - 172+/- ACRES OFFERED IN 4 TRACTS IN UNION & WAYNE COUNTY, INDIANA
Brownsville, Indiana - Union & Wayne County, Indiana - Eastern Indiana
Owner: David A. and Cheri L. Moore Tue, Apr 6, 2021 EASTERNAUCTION IS OVER
TOTAL SOLD: $1,100,000
| Tract(s): 1-4 | @ $1,100,000 | ($6,395/acre) |
OPEN HOUSE/INSPECTION DATES
Wednesday, March 10 from 10AM-Noon
Wednesday, March 17 from 10AM-Noon
Wednesday, March 31 from 10AM-Noon
PROPERTY LOCATION
3352 West Union Co. Line Rd, Brownsville, IN 47325
From Richmond Travel south on US 27 for 10 miles. Then right on Pottershop Rd for 2 miles to the 4-way stop in Abington. Then left 1 mile to West Union Co. Line Rd / CR 615 N. Right 1 mile to property.
From Liberty Travel north on US 27 for 7 miles. Then left on Pottershop Rd for 2 miles to the 4-way stop in Abington. Then left 1 mile to West Union Co. Line Rd / CR 615 N. Right 1 mile to property.
AUCTION LOCATION
Union County Fairgrounds (Community Building), 411 Patriot Blvd., Liberty, IN
TRACT DESCRIPTIONS
Tract 1: 83± ac with 45± acres currently in crop rotation along with 7.91± CRP acres. This is a tremendous combination of tillable land and wildlife habitat. Features 31.5± acres of Classified forestland. There is an impressive trail system through the farm and great sites for hunting blinds overlooking established food plots. This property has been leased for several years by professional hunting outfitters. Quite simply put… this is about as good as it gets for Indiana whitetail hunting.
Tract 2: 33± ac with a mix of open tillable land and classified forest. This is another great hunting and recreation tract. This can be purchased as a stand-alone tract or consider combining with Tract 1, 3, or 4. Come check this out on the inspection day and you will discover the tremendous wildlife pressure this property features.
Tract 3:
12± ac
including Moores Lodge, an impressive event center frequently used for weddings, reunions, and parties of all types. Great income potential along with an impeccable reputation (Current variance is not transferable and will need to be re-applied for by new owner). This tract has a fully stocked pond that was completed in 2018 along with a sand beach, shelter area and dock. The main building consists of 8,400+/- sf that currently is set-up with a gourmet kitchen area, master bedroom, open concept main room and 3.5 bathrooms. The main structure, built in 2005, has a large open section used for the event area. This is a MUST SEE! Additional features include:
Great Rental Potential. Contact agent for details about 2020 actual incomes and the potential for seasonal lease from prominent hunting outfitter.
Tract 4:
44± ac
mostly wooded and enrolled in the Indiana classified forest program. Located in both Wayne and Union County. This tract has a rolling terrain with ample trails throughout. There is frontage along Union County Line Road where there is 4+/- acres of open tillable land leading to the woods. It is very hard to find this type of land for sale. Come examine all of the possibilities.
STATEMENT FROM THE OWNER: We completed a timber stand improvement on the entire woods. We also completed a 3-year contract on bush management and were very successful in killing most of the bush honeysuckle and other unwanted species. The woods has a mix of hardwoods leaning heavy to walnut with several mature trees that could be harvested now. An expected value would range between $30,000-$40,000, but there is super potential down the road.
TRACT MAP(S)
AREA MAP(S)
PROCEDURES: The property will be offered in 4 individual tracts, any combination of tracts, or as the total 172+/- acre unit. There will be open bidding on all tracts and combinations during the auction as determined by the Auctioneer.
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: Seller(s) shall provide a Warranty Deed.
CLOSING: The balance of the real estate purchase price is due at closing, which will take place on or before May 5th, 2021.
POSSESSION: Possession will be delivered at closing. Buyer to receive 2021 CROP RIGHTS!
REAL ESTATE TAXES / ASSESSMENTS: Seller to pay taxes for the 2020 period due and payable in 2021. All 2021 taxes payable in 2022 will be the responsibility of the Buyer.
ACREAGE: All boundaries are approximate and have been estimated based on current legal descriptions.
SURVEY: Surveys will be created 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 if improvements are not included.
EASEMENTS & LEASES: Sale of the property is subject to any and all easements of record.
ZONING CLASSIFICATION VARIANCE: All of the property is zoned agriculture. The improvements on Auction Tract 3 (Moores Lodge) is being operated with a variance. The variance is NOT TRANSFERABLE and will need to be reapplied for through the State of Indiana and Union County. Auction Tracts 1, 2, & 4 would need county approval prior to constructing improvements.
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 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. AUCTION COMPANY OR OWNER NOT RESPONSIBLE FOR ACCIDENTS.
