Would you like to receive updates on other auctions in this area? Join our free mailing list! (Already on the list? Change your settings)

FARMLAND AUCTION - 75+/- ACRES IN 1 TRACT IN WAYNE COUNTY, INDIANA
Wed, Oct 5, 6:00 PM
Fountain City, Indiana - Wayne, County, Indiana - New Garden Twp.

Owner: Dennis L. Andrews and Cheryl S. Hinshaw

SOLD FOR $430,000

• 75+/- Acres offered in 1 Tract • 71.47+/- FSA Cropland Acres • 2017 Crop Rights to Buyer • Level to gently rolling - Farmed as 1 field • 2.2+/- Acres of Improved - CRP waterways • Productive Treaty, Crosby & Celina Soils • 10 Miles north of Richmond, IN • 7 miles south of Lynn, IN • Great Income Producing Tract. Come examine the possibilities! • Online Bidding Available

OPEN HOUSE/INSPECTION DATES
Wednesday September 14th, 9-10 am
Wednesday September 28th, 9-10 am

PROPERTY LOCATION
Part of Section 35 of New Garden Township, Wayne County, IN with frontage on Davis Meyers Rd. From US 27 in FOUNTAIN CITY, IN travel north 1 mile to Davis Meyers Rd., then left (west) 1/4 mile to the property on the north side of the road. Or From US 27 and SR 36 in LYNN, IN travel south 7 miles to Davis Meyers Rd. then right to the property.

AUCTION LOCATION
Fountain City Lions Club Building, 600 W. Main St., Fountain City, IN 47341. From the flashing light on US 27 in the center of Fountain City, take Main Street west 6 blocks to the auction site.

TRACT DESCRIPTIONS
Tract 1: 75± ac Wayne County, New Garden Township, Section 35
75+/- Acres with 71.47 FSA cropland acres. 685 ft. of combined frontage on Davis Meyers Rd. The farm consists of productive Crosby, Celina, and Treaty soils and is currently farmed as one field. Improved drainage practices include 2.2+/- acres of CRP waterways. There is 2.5+/- acres of woodland at the far northeast corner of this tract. Add this land to your farming operation or consider it for an income producing investment. Northeastern-Wayne Schools. Full 2017 crop rights to the BUYER!


SOIL INFORMATION

• 
  (Click to enlarge)

PROCEDURES: The property will be offered as (1) individual tract. There will be open bidding on the tract as determined by the Auctioneer.

DOWN PAYMENT: Real Estate 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 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 Sellers acceptance or rejection.

EVIDENCE OF TITLE: The Seller will provide a Preliminary Title Commitment and Title policy in the amount of the Purchase Price.

DEED: Seller(s) shall provide a Warranty Deed.

CLOSING: The balance of the real estate purchase price is due at closing, which will take place on or before November 8, 2016.

POSSESSION: Possession will be delivered at closing subject to the 2016 crop lease. Buyer to receive 2017 CROP RIGHTS!

REAL ESTATE TAXES / ASSESSMENTS: Seller will pay all 2016 taxes due in 2017 by giving the buyer a credit 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. If a survey is needed, Buyer(s) and Seller will share survey expense 50:50. It is assumed that the current legal description will be sufficient for legal transfer.

EASEMENTS & LEASES: 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 persons 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.