• Productive Tillable Farmland • Excellent Soil Quality • Outstanding Hunting Opportunity • Tracts ranging in size from 2.86+/- acres to 55+/- acres
LAND AUCTION - 241.74+/- ACRES OFFERED IN 8 TRACTS IN WHITLEY COUNTY, INDIANA
Columbia City, IN - Whitley County, IN
Owner: Richard W. Meinika and Cheryl L. Meinika, and the Cheryl Pilgrim Fulk Trust Tue, Dec 5, 2023 EASTERNAUCTION IS OVER
TOTAL SOLD: $3,645,000
| Tract(s): 1-3 | @ $1,400,000 | ($15,176/acre) |
| Tract(s): 4+5 | @ $760,000 | ($14,615/acre) |
| Tract(s): 6-8 | @ $1,485,000 | ($15,268/acre) |
OPEN HOUSE/INSPECTION DATES
Tuesday, November 14th from 3pm-5pm
Monday, November 27th from 3pm-5pm
PROPERTY LOCATION
Property Locations:
Tracts 1-3: Located approximately 1.5 miles west of the intersection of Washington Road and W 800 S.
Tracts 4 and 5: Located a quarter mile north of the intersection of Washington Road and W 800 S.
Tracts 6-8: Located at Washington Center at the intersection of S Washington Rd and W 800 S.
Directions to Properties: From the intersection of SR 14 and SR 9 take SR 14 west for 2 miles. Then turn south on S Washington Rd. The properties will be in approximately 2 miles.
AUCTION LOCATION
Whitley County 4-H Community Center
680 W Squawbuck Rd., Columbia City, IN 46725
TRACT DESCRIPTIONS
Tract 1: 50± ac of high-quality soils and includes existing surface drainage.
Tract 2: 27± ac of nearly 100% tillable farmland. This tract also includes an existing grassway for surface drainage.
Tract 3: 15.2± ac that would be a great add on to an existing farming operation or could be a beautiful area for someone looking to build a home on acreage.
Tract 4: 36± ac of quality farmland. Consider combining with tract 5 to create a diverse hunting piece.
Tract 5: 16± ac Recreational enthusiasts look in! This tract contains a secluded woods off the road for ample hunting opportunities.
Tract 6: 40± ac A beautiful tillable tract with a great 2023 crop on it.
Tract 7: 54.6± ac of productive farmland. Consider combining with tract 6 for 95+/- acres of contiguous farmland.
Tract 8: 2.9± ac that deserves a look if you are in the market for a small rural lot to build a home on!
TRACT MAP(S)
Tracts 1-3
Tracts 4-8
AREA MAP(S)
PROCEDURE: The property will be offered in 8 individual tracts, any combination of tracts and as a total 241.74+/- 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 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).
TRACT 5 POTENTIAL DRIVEWAY: If the buyer wants to construct a permanent driveway it will need Drainage Board consent since it is within the legal drain easement. It will also need DNR approval since it is within the flood way. The floodplain extends about 150-200ft south from the ditch, while the flood way is 100ft. The access strip shall be a minimum of 50ft wide.
PERIMETER DRAIN TILE EASEMENT: Easement access will be provided over tracts in this property for perimeter drain tile outlets if perimeter drain tile outlets beyond each individual tract are required by the Whitley County Health Department.
CLOSING: The targeted closing date will be approximately 30 days after the auction.
POSSESSION: Possession is at closing subject to harvest of 2023 crop.
REAL ESTATE TAXES: Real estate taxes will be the responsibility of the Buyer(s) beginning with 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.
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.
