• 35+/- acres near Petersburg, IN • Hunting and Timber • Deer - Turkey • Homesite potential • Internal Trails
2 AUCTIONS - SAME DAY - 35+/- ACRES OFFERED IN 1 TRACT IN PIKE COUNTY, INDIANA
Petersburg, IN - Pike County, IN
Owner: Ruth D Marshall Tue, Jul 18, 2023 EASTERNAUCTION IS OVER
TOTAL SOLD: $149,350
| Tract(s): 1 | @ $149,350 | ($4,267/acre) |
OPEN HOUSE/INSPECTION DATES
Friday, July 7th from 2pm-4pm
PROPERTY LOCATION
From the Jct of St Rt 57 and 56 at the south edge of Petersburg, go south on St Rt 57 1.2 miles to Cart Rd turn west 3.2 miles to Co Rd 400 W turn south 1/2 mile to the property.
AUCTION LOCATION
Pike County Fairgrounds 4-H Bldg
1211 W SR 56, Petersburg, IN 47567
behind Hornady Park
TRACT DESCRIPTIONS
Tract 1: 35± ac Wooded Acres
TRACT MAP(S)
AREA MAP(S)
PROCEDURE: Each property will be offered as a single tract. There will be open bidding during the auction as determined by the Auctioneer.
BUYER'S PREMIUM: A 3% Buyer's Premium will be added to the final bid price and included in the contract purchase price.
DOWN PAYMENT: 10% down payment on the day of the 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: Seller shall provide Warranty Deed(s).
CLOSING: The targeted closing date will be approximately 30 days after the auction.
POSSESSION: Possession is at closing.
REAL ESTATE TAXES: Taxes Assessed for 2023 payable in 2024 shall be prorated to the date of closing.
MINERAL RIGHTS: Auction #1 - Orange County, Mineral Rights have been previously conveyed, therefore NO Mineral Rights shall be conveyed to the Buyer. Auction #2 - Pike County, Seller shall convey 100% of the mineral rights they own, however Seller makes NO warranty regarding any mineral rights owned.
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 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 the Seller's option and sufficient for providing title insurance.
AGENCY: Schrader Real Estate & Auction Company, Inc. and its representatives are exclusive agents of the Seller.
DISCLAIMER & 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.
STOCK PHOTOGRAPHY: Animal Photos are for illustrative purposes only and are not of the auction property.
