• Potential Residential or Commercial Development • Access to Two Major US Highways near I-65 Interchange • Productive Soils • Highly Tillable Tracts • Absolute Auction - No Minimums/No Reserves
DEVELOPMENT LAND ABSOLUTE AUCTION - 55+/- ACRES OFFERED IN 2 TRACTS IN JACKSON COUNTY, INDIANA
Seymour, IN - Jackson County, IN
Owner: Kasting, Samples, Sullivan and Shupe Families Fri, Dec 1, 2023 EASTERNAUCTION IS OVER
TOTAL SOLD: $1,300,000
| Tract(s): 1+2 | @ $1,300,000 | ($23,761/acre) |
OPEN HOUSE/INSPECTION DATES
Monday, November 6th from 10-Noon
Meet a Schrader Representative at the Property
PROPERTY LOCATION
Exit 50 from I-65 onto US 50 east at Seymour, IN. Then East 1/2 mile to US 31 and then left/North, 0.2 mi to the property on the left.
AUCTION LOCATION
Holiday Inn Express & Suites
249 N. Sandy Creek Dr. Seymour, IN 47274
0.2 mi W of intersection of I-65 & US 50 then N 0.3 mi to Auction site.
TRACT DESCRIPTIONS
Tract 1: 35.7± ac all tillable with road frontage on 3 sides: US 31 to the east, CR 560 N to the north, and Tanger Blvd in a small area on the south side at the intersection with Steven's Way. This tract is located just 1/2 mile east of I-65. Consider the development opportunity this tract offers.
Tract 2: 19.0± ac mostly tillable with 3+/- acres of woods on the east side. Frontage on CR 560 N to the south and CR 1075 E on the west side of the property. Consider the residential opportunities close to the Muscatatuck National Wildlife Refuge.
TRACT MAP(S)
PROCEDURE: The property will be offered in 2 individual tracts and as a total 55+/- acre unit. There will be open bidding on tracts and the whole during the auction as determined by the Auctioneer.
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.
ABSOLUTE AUCTION: All tracts are offered absolute and will be sold to the high bidder(s), without reserve and regardless of price.
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, subject to the harvest of the 2023 crop.
REAL ESTATE TAXES: Real estate taxes will be the responsibility of the Buyer(s) beginning with 2024 taxes due in 2025 and thereafter.
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. Certain tracts in this auction may require new surveys on existing parcels. Contact Auction Manager with questions.
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.
