•
Productive Tillable Farmland
•
Tremendous Hunting Opportunities
•
Diversified Income Potential
•
ONLINE BIDDING AVAILABLE You may bid online during the auction at bid.schraderauction.com. You must be registered One Week in Advance of the Auction to bid online. Contact Schrader Auction Company at 800-451-2709 with questions.
LAND AUCTION 190.5+/- ACRES OFFERED IN 4 TRACTS IN MIAMI COUNTY, INDIANA
Macy, IN - Miami County, IN
Owner: William M. Hamilton Estate Wed, Jan 25, 2023 EASTERNAUCTION IS OVER
TOTAL SOLD: $2,175,000
| Tract(s): 1-4 | @ $2,175,000 | ($11,387/acre) |
OPEN HOUSE/INSPECTION DATES
Thursday, January 5 and 19 from 3pm-5pm
Meet Schrader representatives at Tract 2.
PROPERTY LOCATION
Approximately 13 miles North of Peru, IN on US 31 to CR 1350N. Take CR 1350N east 2 miles to S. McKee St., in Macy. Follow S. McKee St. south to the Macy Gilead Rd then head south on N 100 W. The property is at the intersection of N 100 W and W 1200 N.
AUCTION LOCATION
Akron Community Center, 815 Rural St, Akron, IN 46810
Located at the center of St Rd 14 & East Rural Street on the East side of Akron.
PROPERTY DESCRIPTION
The Hamilton Miami County farm is an outstanding opportunity to acquire tillable farmland and woodland in northern Miami County. The farm contain a variety of soils including Metea loamy fine sand, Rensselaer loam, and Gilford sandy loam. Power lines running across a portion of the farm create for diversified income such as possible solar leases which have been active in the local area. The farm has potential for drainage improvements with a ditch running along the east end of the farm. Be sure to inspect this tremendous farm yourself!
TRACT DESCRIPTIONS
Tract 1: 61.5± ac of majority productive tillable farmland. This tract includes some loamier soil types, and would be an excellent tract in combination with tract 2 creating for a large 135+/- acre field. This tract has power lines running through it creating for diversified income potential such as solar.
Tract 2: 72.5± ac comprised of nearly 100% tillable farmland. This tract has also power lines running through it creating for diversified income potential such as solar. Accessibility is great with road frontage to the west and south ends of the property.
Tract 3: 23.5± ac Hunters look in! A tremendous hunting tract with seclusion and woodland. Portions of the property are also tillable allowing for cash rent income or food plots.
Tract 4: 33± ac of a diversified tract offering beautiful scenery and woods along with productive tillable farmland. There is a drainage outlet on the east side of the property. Consider combining with tract 3 for an excellent recreational property!
TRACT MAP(S)
AREA MAP(S)
TILE MAP
TILE MAP
TILE MAP
TILE MAP
PROCEDURE: The Miami County property will be offered in 4 individual tracts, any combination of tracts, and as a total 190.5+/- acre unit. DOWN PAYMENT: 10% down payment on the day of auction. The down payment may be made in the form of cashier's 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 PRICE: The successful bidder will be required to enter into a Purchase Agreement at the auction site immediately following the close of the auction. The final bid price is subject to the Seller's acceptance or rejection.
EVIDENCE OF TITLE: Seller shall provide an owner's title insurance policy in the amount of the purchase price.
DEED: Seller shall provide Warranty Deed.
CLOSING: The targeted closing date will be 45 days after the auction.
POSSESSION: Possession is at closing.
REAL ESTATE TAXES: Seller shall pay 2022 real estate taxes due and payable in 2023. Buyer shall assume any taxes thereafter. Buyer shall assume any ditch and drainage assessments due after closing.
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 has been scheduled and will be staffed with auction personnel. Further, Seller disclaims any and all responsibility for Bidder's 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 acreages, dimensions and proposed boundaries are approximate and have been estimated based on current legal description and/or aerial photos.
SURVEY: Any need for a new survey shall be determined solely by the Seller.
AGENCY: Schrader Real Estate & 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 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 person's 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.
