• HOME WITH POND • PRODUCTIVE TILLABLE LAND • WOODS FOR HUNTING
REAL ESTATE AUCTION - 160.5+/- ACRES OFFERED IN 7 TRACTS OR COMBINATIONS IN DEKALB COUNTY INDIANA
2975 CR 57 Butler IN 46721 - Dekalb County Indiana
Owner: Jordan Max Baughman, Mary Jo Baughman & LuAnn Leighty-Fosnaugh Mon, Apr 28, 6:00 PM EASTERN
On the Tillable parcels, the tenant farmer has the right to farm for the 2025 crop year. The Buyer(s) will receive the Seller share of the 2025 crops.
OPEN HOUSE/INSPECTION DATES
Saturday April 19, 2025 from 12-2pm
Wednesday April 23, 2025 from 4-5:30pm
PROPERTY LOCATION
2975 CR 57 Butler IN 46721
Wilmington Township,
Butler, IN - 2975 CR 57 Butler, IN 46721 & CR 59
AUCTION LOCATION
International Monster Truck Museum
541 W Main St Butler IN 46721
PROPERTY DESCRIPTION
160.5+/- Acres of tillable farmland with a 1,448+/-sq ft home along with a pond and woods for hunting.
TRACT DESCRIPTIONS
Tract 1: 4± ac Located at 2975 CR 57, this tract features a wellmaintained 1,448+/- sq. ft. brick-front home w/ aluminum siding & 8-9 year old roof. The home features 3 bedrooms, 1 full bathroom & 1 half bathroom. The spacious living room includes a fireplace & vaulted ceiling, creating a warm & inviting atmosphere. The large kitchen features a pantry & lots of cabinets for storage. A beautiful bay window that looks out to the pond. The property also boasts a picturesque pond, rolling hillside & a scenic woodland backdrop - an ideal setting w/ natural beauty & privacy. Geothermal heating & cooling system was installed in 2009.
Tract 2: 13± ac Prime hunting land located off CR 57. This mostly wooded parcel provides an excellent wildlife habitat. The woods was recently timbered, & w/ the tree tops still down, it creates an ideal hunting or recreational property. Surrounding woodlands serve as a natural travel corridor for wildlife.
Tract 3: 22± ac (SWING TRACT) This tract can be bid on only by an adjoining property owner or in combination w/ tracts 2, 4 or 6. There will be a 25' owned access from Tract 2 to Tract 3. This tract offers approximately 18+/- acres of great hunting woodlands, w/ the remaining acreage consisting of tillable ground. The soil is predominantly Blount loam, offering excellent potential for row crops or a well-planned food plot.
Tract 4: 19± ac Highly productive tillable land w/ Pewamo silty clay soils, known for their moisture retention & fertility. The tract also includes approximately 3+/- acres of woodland, adding diversity & potential for recreational use. Owned access will be from CR 59 along the Lateral Drain. There is a 75' easement along the Lateral Drain. Per Dekalb County Surveyor office, a variance would be needed for a concrete or asphalt drive, but would not be necessary if a gravel drive is installed.
Tract 5: 36± ac Prime quality tillable land w/ excellent road frontage off CR 59. The soil composition includes Pewamo silty clay, Glynwood loam & Bono silty clay. There is 1+/- acre of woodlands in the southwest corner.
Tract 6: 41± ac High-quality, productive tillable acreage w/ a deeded easement off SR 6 w/ an asphalt road over the railroad tracks. The land features well-balanced soil types, primarily Blount loam, w/ some Pewamo silty clay & Bono silty clay, making it an ideal row crop production.
Tract 7: 25.5± ac A premium agricultural tract offering road frontage off CR 57. The soils are predominantly Blount loam & Pewamo silty clay. A great piece of level land by itself or add w/ other tracts.
TRACT MAP(S)
AREA MAP(S)
PROCEDURE: The property will be offered in SEVEN (7) individual tracts, any combination of tracts & as a total 160.5+/- acre unit, subject to Swing Tract rules. There will be open bidding on all tracts & the combinations during the auction as determined by the Auctioneer. Bids on tracts, tract combinations & the total property may compete. The property will be bid in a manner resulting in the highest total sale price.
DOWN PAYMENT: 10% down payment at close 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, & 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. The terms of this agreement & any addendum are non-negotiable.
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 balance of the real estate purchase price is due at closing, which is targeted to take place on or before MAY 30TH, 2025.
POSSESSION: Buyer(s) shall receive possession of the home & wooded property at closing. On the Tillable parcels, the tenant farmer has the right to farm for the 2025 crop year. The Buyer(s) will receive the Seller share of the 2025 crops.
REAL ESTATE TAXES: Real estate taxes will be pro-rated to the date of closing.
DITCH ASSESSMENTS: Buyer shall pay all ditch assessments due after closing.
PROPERTY INSPECTION: Each potential Bidder is responsible for conducting, at their own risk, their own independent inspections, investigations, inquiries, & due diligence concerning the property. Inspection dates have been scheduled & will be staffed w/ auction personnel. Further, Seller disclaims any & 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.
TRACT MAP(S) & ACREAGE: All tract map(s), tract acreage, dimensions & proposed boundaries are approximate & have been estimated based on current legal descriptions and/or aerial photos. They are not provided as survey products & are not intended to depict or establish authoritative boundaries or locations.
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 & 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 & sufficient for providing title insurance. Combination purchases will receive a perimeter survey only.
EASEMENTS: All real estate is being sold subject to any existing recorded easements.
AGENCY: Schrader Real Estate & Auction of Fort Wayne, LLC & its representatives are exclusive agents of the Seller.
DISCLAIMER & ABSENCE OF WARRANTIES: All information contained in this brochure & all related materials are subject to the terms & conditions outlined in the Purchase Agreement. The property is being sold on an "AS IS, WHERE IS" basis, & no warranty or representation, either expressed or implied, concerning the property is made by the Seller or the Auction Company. All sketches & dimensions in the brochure are approximate. Each potential bidder is responsible for conducting his or her own independent inspections, investigations, inquiries, & 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 & increments of bidding are at the direction & discretion of the Auctioneer. The Seller & 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.
