80 +/- ACRE POSEY COUNTY FARMSTEAD
REAL ESTATE AUCTION
WEDNESDAY, DECEMBER 13, 2017 • 5:30 PM CT
80 +/- ACRE POSEY COUNTY FARMSTEAD
William Wilson Auction & Realty, Inc. has been authorized to sell the real estate belonging to ICR Farm LLC, located in Section 24 of Robb Township, Posey County, Indiana.
• 80 +/- Total Acres with FSA 76.16 +/- Tillable Acres
• Highly Productive Tillable Farmland
• 37+ Acres Ragsdale and Reesville Soils
• Road Frontage on 2 Sides
• Iconic 1900’s Farmhouse on the Hill
• Brand New 48′ x 56′ Pole Building
• Outstanding Buying Opportunity Just Outside Poseyville, IN
• Offered in (3) Tracts, Combinations and the Entirety
PROPERTY LOCATION: The farm is located in Section 24 of Robb Township, on Highway 68, just west of Poseyville, IN.
FOR THE FARMLAND INVESTOR: This farm represents high quality soils with a history of strong production just west of Poseyville, with easy access to roads for transport to grain terminals.
PROPERTY DESCRIPTION –
Tract 1: Iconic 1900’s Farmhouse on the Hill
- 3.49 +/- Acres
- 1,692 Square Feet
- New Windows, Siding, Carpet
- Updated HVAC
- Brand New 48′ x 56′ Pole Building
- Great Location just off Highway 68
Tracts 2-3: 80 +/- Total Acres; Approx. 76.16 Acres Cropland
Productive Posey County farmland featuring 37+ Acres of Ragsdale and Reesville as the predominant soil types on these tracts. The topography of the tracts is level to rolling with good drainage. The tracts have frontage along Hwy 68, allowing for easy access.
The 2017 crop was corn and soybeans. Please refer to website for FSA and soil information.
AUCTION LOCATION: The auction will take place at The Auction Center, 1026 Granary St, New Harmony, IN 47631 at 5:30 PM on Wednesday, December 13, 2017.
INSPECTIONS – On-site at 5455 Hwy 68, Poseyville, IN 47633:
Sunday, December 3 – 2-3:00 PM CT
Sunday, December 10 – 2-3:00 PM CT
AUCTIONEER’S NOTE: Outstanding Posey County farmstead. Spectacular views from the hill. Highly productive farmland. Great road frontage.
OWNER: ICR Farm, LLC
All announcements the day of the auction take precedence over printed material or any other oral statements made.
PROCEDURE: The real estate will be offered in three (3) tracts. There will be open bidding during the auction as determined by the Auctioneer. Conduct of the auction and increments of bidding are at the discretion of the auctioneer. All decisions of the Auctioneer are final.
DOWN PAYMENT: A 10% down payment is due on the day of the auction with the balance due at closing. The down payment may be in the form of cash, cashier’s check, personal check or corporate check. Bidding is not conditional upon financing. Bidders should arrange for financing, if needed, and be capable of paying cash at closing.
ACCEPTANCE OF BID: Successful bidder will be required to enter into a Purchase Agreement at the auction site immediately following the close of the auction. The final bid price is subject to the seller’s acceptance or rejection.
DEED: Seller shall provide a Warranty Deed conveying title to the property.
CLOSING: The balance of the purchase price is due at closing, which will take place within 30 days of the presentation of insurable title.
POSSESSION: Buyers will receive possession to the property at closing. Buyer will have farming rights for 2018.
REAL ESTATE TAXES: The real estate taxes will be the responsibility of the buyer beginning with the taxes due and payable in May 2018 and thereafter.
ACREAGE: All tract acreages, dimensions, and proposed boundaries outlined on the auction plat and all advertising are approximate and are estimated based on current legal descriptions and/or aerial photos. Purchaser should make his/her own independent determination of acreage prior to bidding.
MINERALS: Sellers will convey all minerals they own.
SURVEY: If a survey is deemed necessary to establish a new legal description, the cost of the survey will be shared 50/50 between the seller and buyer.
DISCLAIMER AND ABSENCE OF WARRANTIES: All information contained in this ad and all related materials are subject to the terms and conditions outlined in the Purchase Agreement, which shall take precedence. 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 WILLIAM WILSON AUCTION & REALTY, INC., including, but without limitations to fitness for a particular use, physical condition, any specific zoning classification, title, location of utilities, assurance of building permits, driveway permits, or water and septic permits. All sketches and dimensions are approximate. Each potential bidder is responsible for conducting his or her own independent inspections, investigations, inquiries, and due diligence concerning the property.
DIRECTIONS TO FARM – 5455 Hwy 68, Poseyville, IN 47633:
From SR-165 south of Poseyville, turn west onto SR-68. Proceed approximately 1.5 miles. Watch for signs.
DIRECTIONS TO AUCTION CENTER – 1026 Granary St, New Harmony, IN 47633:
From I-64 take Exit 4 to New Harmony. Turn south onto the Thomas F. Mumford Highway (Highway 69 Bypass) and follow to the first exit to New Harmony. “The Auction Center” is located on the north side of Church Street. From Hwy 69, take the north exit to New Harmony and follow to “The Auction Center”.