• 4 Miles West of Cambridge City, IN (adjacent to the town of Dublin) • 2024 Crop Rights to Buyer • Frontage on 3 Roads (Hunnicut, Golay, & Foundry Roads) • Quality Soil Mix of Crosby & Losantville Loams • Nearly all FSA Cropland (Less Road Right of Way) • Hard-to-Find Smaller Tracts • Potential Country Building Sites
LAND AUCTION - 60+/- ACRES OFFERED IN 3 TRACTS IN WAYNE COUNTY, INDIANA
1955 Golay Rd, Cambridge City, IN 47327 - Wayne County, IN
Owner: Charles & Lori Golliher Wed, Apr 10, 2024 EASTERNAUCTION IS OVER
TOTAL SOLD: $490,000
| Tract(s): 1-3 | @ $490,000 | ($8,166/acre) |
OPEN HOUSE/INSPECTION DATES
Tuesday March 19th from 10AM-11AM
Tuesday April 2nd from 10AM-11AM
PROPERTY LOCATION
From US 40 in Dublin, turn south on Foundry Rd. Travel 1/2 mile south to Hunnicut Rd, then right. Continue to the west boundary of the farm with frontage on Golay Rd.
For GPS, near 1955 Golay Rd, Cambridge City, IN 47327
AUCTION LOCATION
Golay Community Center
1007 E Main St, Cambridge City
Located at the intersection of US 40 and St Rd 1 on the northwest corner.
TRACT DESCRIPTIONS
Tract 1: 29± ac nearly all tillable. Frontage on Hunnicut Rd & Golay Rd. Nearly level cropland with 15+/- acres of growing wheat. Great place to build your mini-farm.
Tract 2: 25.5± ac nearly all cropland. Frontage on Foundry Rd. Consider combining this tract with Tract 1 and/or Tract 3. Tracts of this size are hard-to-find in the marketplace. Come bid your price.
Tract 3: 5.5± ac nearly all cropland with 40ft owned access strip to Foundry Rd.
TRACT MAP(S)
Tracts 1-3
AREA MAP(S)
PROCEDURES: The property will be offered in 3 individual tracts, any combination of tracts, or as a total 60+/- 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 the auction with the balance in cash at closing. The down
payment may be made in the form of cash, cashiers 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: Successful bidder(s) will be required to enter into a purchase agreement at the
auction site immediately following the close of the auction. All final bid prices are subject to the Seller's acceptance or rejection.
EVIDENCE OF TITLE: Sellers shall provide an owner's title insurance policy in the amount of the purchase price.
DEED: Sellers shall provide Warranty Deed.
CLOSING: The targeted closing date will be approximately 30 days after the auction. The balance of the real estate
purchase price is due at closing.
POSSESSION: At closing.
REAL ESTATE TAXES: Seller to pay 2023 taxes payable 2024 at closing.
ACREAGE: All boundaries are approximate and have been estimated based on current legal descriptions.
SURVEY: A new survey will be made where there is no existing legal description or where new boundaries are created by the tract divisions in this auction. Buyer(s) and Seller will share survey expense 50:50. Combination
purchases will receive a perimeter survey only. Closing prices will be adjusted to reflect any differences between
advertised and surveyed acreage's.
FSA INFORMATION: See Agent.
EASEMENTS: Sale of the property is subject to any and all easements of record.
MINERAL RIGHTS: The sale shall include 100% of the mineral rights owned by the Seller.
AGENCY: Schrader Real Estate and 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 "AS IS, WHERE IS" basis, and no warranty or representation, either express or implied, concerning the property is made by the seller or the auction company. 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 Sellers or the Auction Company. Conduct of the auction and increments of bidding are at the direction and discretion of the Auctioneer. The Sellers and Selling Agents reserve the right to preclude any person from bidding if there is any question as the person's credentials, fitness, etc. All decision of the Auctioneer is final.
ANY ANNOUNCEMENTS MADE THE DAY OF THE SALE TAKE PRECEDENCE OVER PRINTED MATERIAL OR ANY OTHER ORAL STATEMENTS MADE. AUCTION COMPANY OR OWNER NOT RESPONSIBLE FOR ACCIDENTS.
