• Tillable Cropland • Pattern Tiling • 1031 Exchange Opportunity • Quality Soils • 2023 Crop Rights will be available
LAND AUCTION - 167+/- ACRES OFFERED IN 3 TRACTS IN MADISON COUNTY, INDIANA
Alexandria, IN - Madison County, IN
Owner: Mark Hosier Estate, Dena Hosier Personal Rep., Micha Buffington Attorney Wed, Mar 29, 2023 EASTERNAUCTION IS OVER
TOTAL SOLD: $2,600,000
| Tract(s): 1-3 | @ $2,600,000 | ($15,568/acre) |
OPEN HOUSE/INSPECTION DATES
Saturday, February 25th from 9AM-11AM
Saturday, March 11th from 9AM-11AM
Meet a Schrader Rep. at 12344 N. 300 W., Alexandria, IN 46001 (Tract 1)
PROPERTY LOCATION
From the intersection of SR 9/SR 28 in Alexandria:
Tract 1: Go West on SR 28 for 3 miles to CR 300 W., turn right (North) and go 1/4 mile to the property on the West side of the road.
Tract 2: Go West on SR 28 for 2 miles to CR 200 W, turn left (South) and go 1/2 mile to the property.
Tract 3: Go West on SR 28 for 2 miles to CR 200 W, turn left (South) and go 1.7 miles to the property.
AUCTION LOCATION
Alexandria Community Center
315 S Harrison St., Alexandria, IN 46001
TRACT DESCRIPTIONS
Tract 1: 70± ac nearly all tillable cropland with road frontage on CR 300 W. The predominate soil types are Cyclone Silty Clay Loam and Crosby Silt Loam. The WAPI is 166.2 for corn. This tract was partially pattern tiled in 2018, call auction manager for a detailed tile map.
Tract 2: 73± ac with approx. 58 tillable and the balance in woods. This tract features Brookston, Crosby & Miami soils. Drainage tile improvements were made, call for a detailed map.
Tract 3: 24± ac All tillable productive cropland. This tract features road frontage on both CR 200 W. and CR 1025 N.
TRACT MAP(S)
Tract 1
Tract 2
Tract 3
AREA MAP(S)
PROCEDURE: The property will be offered in 3 individual tracts, any combination of tracts and as a total 167+/- 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 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 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 owner's title insurance policy in the amount of the purchase price.
DEED: Warranty Deed and/or Personal Representative's Deed to be furnished by Seller.
CLOSING: The targeted closing date will be approximately 30 days after the auction.
POSSESSION: Possession is at closing.
PRE-CLOSING ACCESS: Immediate access will be available prior to closing for normal spring crop farming activities. If Buyer elects to have access prior to closing, Buyer must deliver an additional 10% down payment (for a total of 20%) and sign a Pre-Closing Access Addendum.
REAL ESTATE TAXES: Buyers will pay the 2023 Real Estate Taxes due in 2024. And any Ditch assessments due in 2023.
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 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 tract acreages, dimensions, and proposed boundaries are approximate and have been estimated based on current legal descriptions and/or aerial photos.
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 Seller's option and sufficient for providing title insurance. Combination purchases will receive a perimeter survey only.
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.
