1,414 +/- ACRES GREATHOUSE ISLAND
WEDNESDAY, FEBRUARY 14, 2018 • 12:00 NOON CT
1,414 +/- ACRES GREATHOUSE ISLAND
AUCTION LOCATION: The Auction Center • 1026 Granary St, New Harmony IN 47631
William Wilson Auction & Realty, Inc. has been authorized to sell the Greathouse Island real estate located in Sections 7, 11, 12, 13, 14 and 18 of Southwest Black Township, Posey County, Indiana.
ATTENTION FARMERS, HUNTERS, AND INVESTORS!!
- 1,414 +/- Total Acres with FSA 725 +/- Tillable Acres
- Productive Tillable Farmland
- Over One Mile Wabash River Frontage
- Outstanding Recreational Tracts and Wildlife Habitat
- Close Proximity to Grain Terminals
- Offered in (11) Tracts, Combinations, and the Entirety
- Tracts Ranging from 22 to 312 Acres
PROPERTY LOCATION: Located in Sections 7, 11, 12, 13, 14 and 18 of Black Township, 10 miles west of Mt. Vernon, IN [GPS LOCATOR: 37.925888, -88.033505]
AUCTION LOCATION: The Auction Center, 1026 Granary St, New Harmony, IN 47631 • Wednesday, February 14, 2018 • 12 NOON CT
Saturday, February 3, 12-3 PM CT and Wednesday, February 7, 12-2 PM CT
Meet a Wilson Representative on CR 1700 at the entrance to the Island.
Tract 1: 132 ± ac; wooded; fronting Wabash River
Tract 2: 126 ± ac; wooded
Tract 3: 142 ± ac; wooded; fronting Old Channel
Tract 4: 59 ± ac; wooded; fronting Old Channel
Tract 5: 39 ± ac; wooded; fronting Old Channel
Tract 6: 40 ± ac; wooded; fronting Old Channel
Tract 7: 54 ± ac; wooded; near entrance to Island
Tract 8: 192 ± ac; tillable acreage: 164 ± ac
Tract 9: 312 ± ac; tillable acreage: 258 ± ac
Tract 10: 296 ± ac; tillable acreage FSA: 285 ± ac
Tract 11: 22 ± ac
PROPERTY DESCRIPTION – Large Contiguous Tract of Farm and Recreational Land
Tracts 1-7: 592 Total Acres, Wooded and Recreational Tracts
For the recreational land buyer, these tracts feature over a mile of frontage along the Wabash River with easy access, lowland sloughs, and tree lines with the Old Channel cutting off access from the west. They represent ideal wildlife habitat and have consistently yielded large whitetail deer.
Tracts 8-10: 800 Total Acres; approx. 725 Acres Cropland
For the farmland investor, the Greathouse Island farm is productive Posey County farmland featuring Newark, Stonelick, and Genesee as the predominant soil types on these tracts with long rows and open fields.
The 2017 crop was soybeans. Please refer to website for FSA and soil information.
Tract 11 consists of approximately 22 acres on the east side of the Wabash River with easy access via Herman Island Road. The tract would be appealing as a quality recreational tract fronting the Wabash River on the Indiana side.
AUCTIONEERS NOTE: William Wilson Auction Realty is pleased to offer the legendary Greathouse Island at public auction. This is an historic opportunity to own this large land mass, held together for nearly 200 years!
FOR THE FARMLAND INVESTOR: This farm represents large contiguous tillable tracts with productive soils, and features mile-long rows.
FOR THE RECREATIONAL BUYER: Located just north of the confluence of the Ohio and Wabash Rivers, this tract is in the flyway for migratory waterfowl and certainly features all the qualities for whitetail deer and turkey. Many trophy deer have been harvested from Greathouse Island.
Click “Documents” Tab for Detailed Information with additional Due-Diligence Materials including information such as soil maps, tax information.
PROCEDURE: The real estate will be offered in (11) tracts, in combinations and in the entirety. 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.
BUYER’S PREMIUM: A 6% Buyer’s Premium will be added to the high bid to determine the contract sale price.
DEED: Seller shall provide a sufficient deed(s) 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.
REAL ESTATE TAXES: The real estate taxes will be the responsibility of the buyer beginning with the taxes due and payable in November 2018 and thereafter.
MINERALS: Sellers will convey all minerals owned.
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.
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.
From IL-141 just west of the Wabash River Bridge, turn south on CR 1700 and proceed to the Island. Watch for signs.