• Excellent Quality Soils • Excellent Location • Highly Tillable • State Road 218 Frontage
LAND AUCTION IN 194.6+/- ACRES OFFERED IN 2 TRACTS IN CARROLL COUNTY, INDIANA
Camden, IN - Carroll County, IN
Owner: Robert E. Scott Farm and its Heirs Tue, Aug 15, 2023 EASTERNAUCTION IS OVER
TOTAL SOLD: $3,440,000
| Tract(s): 1+2 | @ $3,440,000 | ($17,677/acre) |
#117 Scott Family Drain Reconstruction was constructed in the fall of 2014. The Scott Family Farm installed a farm tile starting just east of CR400E, over CR500E and across to SR 218. The tile starts out as a 15"-18" to 24" at the intersection of CR500E and SR 218. The family has stated to us that the tile cost in 2014 was $100,000.
OPEN HOUSE/INSPECTION DATES
Thursday, July 20th from 3-5:00 PM EST
PROPERTY LOCATION
From Logansport, IN, take SR 29 approx. 8.5+/- miles south to SR 218, then take SR 218 approx. 2 miles west to the 2 tracts on the north side of SR 218.
AUCTION LOCATION
Wabash & Erie Canal Center in Delphi, IN.
From the intersection of US 421, SR 18 & SR 39. Take N Washington St. approximately 10 blocks northwest to 1030 N. Washington St.
TRACT DESCRIPTIONS
Tract 1: 80± ac of land with 75.4 acres tillable and approx 4.3+/- acres in woods and balance in road frontage. This tract has excellent soils and is highly tillable.
Tract 2: 114.6± ac parcel of land with 108.45 tillable. This tract has approx. 5.75 acres in woods and the balance in road frontage.
TRACT MAP(S)
AREA MAP(S)
PROCEDURE: The property will be offered in 2 individual tracts, any combination of tracts and as a total 194.6+/- acre unit. There will be open bidding on all tracts and combinations during the auction as determined by the Auctioneer. The auction will be offered in individual tracts, combinations of tracts and as a whole.
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 final prices are subject to Sellers' acceptance or rejection. All successful bidders will be required to enter into Purchase Agreements at the auction site immediately following the close of the auction.
DEED: Seller shall provide a Trustee Deed(s) and/or Warranty Deed(s) sufficient to convey insurance title to the real estate. Real Estate is sold subject to all rights of way, legal highways, leases, easements of public record, and all other matters of public record.
EVIDENCE OF TITLE: Seller shall provide a preliminary title insurance commitment for review prior to auction. Seller agrees to furnish Buyer(s), at Sellers' expense, an updated title commitment prior to closing. The cost of providing an Owner's Title Policy shall be paid for by Sellers at closing.
CLOSING: The balance of the purchase price is due at closing, which will take place on or before November 1, 2023 as applicable closing documents are completed by the Sellers. Costs for an administered closing shall be shared 50:50 between Buyer(s) and Sellers. All lender costs shall be paid by the Buyer(s).
POSSESSION: Possession is at closing subject to tenant's rights for the 2023 crop.
REAL ESTATE TAXES: Sellers shall pay 2023 real estate taxes due and payable in 2024. Buyer shall assume any taxes thereafter. Buyer shall assume any ditch and drainage assessments due after closing.
ACREAGE: All tract acreages, dimensions and proposed boundaries are approximate and have been estimated based on county tax parcel data, county GIS, survey and/or aerial mapping.
SURVEY: A new survey will only be provided if needed for good title. The cost of a new survey(s) will be split 50/50.
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.
EASEMENTS: Subject to any and all existing easements.
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.
