143 +/- ACRES GIBSON COUNTY FARMLAND
REAL ESTATE AUCTION
WEDNESDAY, JANUARY 3, 2018 • 12 NOON CT
143 +/- ACRES PRODUCTIVE GIBSON COUNTY FARMLAND
William Wilson Auction & Realty, Inc. has been authorized to sell the real estate belonging to Kathy Hobbs and Betty Altheide, located in Section 27 of SW Patoka Township, Gibson County, Indiana.
• 143 +/- Total Acres with FSA 134 +/- Tillable Acres
• Highly Productive Tillable Farmland
• 27+ Acres Ragsdale and Reesville Soils
• Road Frontage on 2 Sides
• 5 miles west of US-41at Toyota Motor Manufacturing Indiana
• Offered in (5) Tracts, Combinations and the Entirety
PROPERTY LOCATION: The farm is located in Section 27 of SW Patoka Township; 5.5 miles SW of Princeton, IN; 6 miles NW of Fort Branch, IN; 5 miles west of US-41 at Toyota Motor Manufacturing Indiana; GPS LOCATOR: [38.311584, -87.613941]
FOR THE FARMLAND INVESTOR: The Hobbs-Altheide farm represents quality soils with a history of strong production just west of US-41, with easy access to roads for transport to grain terminals.
PROPERTY DESCRIPTION – 143.88 +/- Total Acres; approx. 134 Acres Cropland
Productive Gibson County farmland featuring 27+ acres of Ragsdale and Reesville soils. The topography of the tracts is level to rolling with good drainage. Sections of the farm ground are tiled. The tracts have frontage along CR 250W and CR 300S, allowing for easy access.
The 2017 crop was soybeans. Please refer to website for FSA and soil information.
AUCTION LOCATION: The auction will take place at Straub Brothers Event Center, 7700 Nisbet Road, Haubstadt, IN 47639 at 12 NOON on Wednesday, January 3, 2018.
INSPECTION: On-site at the Gibson County Farm – GPS Locator: [38.311584, -87.613941]; CR 300 S and CR 250 W, Princeton, IN 47670 on Thursday, December 21, 2017 – 12-2:00 PM CT
AUCTIONEER’S NOTE: Outstanding Gibson County farmstead. Spectacular views from the hill. Highly productive farmland. Great road frontage.
OWNER: Kathy Hobbs and Betty Altheide
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 (5) 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.
BUYER’S PREMIUM: A 5% Buyer’s Premium will be added to the high bid to determine the contract sales price.
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. The down payment is non-refundable. Should a buyer default, the down payment shall be divided as follows: 20% to William Wilson Auction Realty; 80% to the owner.
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: Buyer will receive possession to the property at closing. Buyer will have farming rights for 2018.
REAL ESTATE TAXES: The real estate taxes will be prorated to the date of closing.
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 AUCTION LOCATION – Straub Brothers Event Center – 7700 Nisbet Road, Haubstadt, IN 47639: From I-64 take exit 18 for IN-65 toward Cynthiana/Evansville. Go south onto IN-65/Big Cynthiana Rd. Turn east onto Nisbet Rd. Watch for signs.
DIRECTIONS TO FARM – use GPS Locator: [38.311584, -87.613941]