84+/- ACRES GIBSON COUNTY LAND AUCTION

NICE BRICK RANCH HOME


    • 84+/- ACRES JUST NORTH OF OWENSVILLE
    • 1,364 SF BRICK RANCH HOME w/ ATTACHED GARAGE
    • 7 +/- TILLABLE ACRES
    • SMALL, STOCKED POND
    • AWESOME RECREATIONAL HABITAT
    • EASY ACCESS, JUST WEST OF SR 65
    • OFFERED IN (3) TRACTS, COMBINATIONS & ENTIRETY

LIVE AUCTION
Began: 04/11/18 at 5:00 PM CDT
Location: REH Center, 205 W Walnut St, Owensville, IN 47665
INSPECTION
Began: 03/31/18 at 12:00 PM EDT
Ended: 03/31/18 at 2:00 PM EDT
Location: On-site, 7093 W 250 S, Owensville, IN 47665

INSPECTION
Began: 04/08/18 at 2:00 PM CDT
Ended: 04/08/18 at 3:00 PM CDT
Location: On-site, 7093 W 250 S, Owensville, IN 47665


REAL ESTATE AUCTION

WEDNESDAY, APRIL 11, 2018 • 5:00 PM CT

84+/- ACRES

AUCTION LOCATION: REH Center • 205 W. Walnut St, Owensville, IN 47665

William Wilson Auction & Realty, Inc. has been authorized to sell the real estate belonging to John Higgins, located at 7093 W. 250 S. Owensville, IN and approximately 84 acres in Section 25 of North Central Montgomery Township, Gibson County, Indiana.

DESCRIPTION:

  • 84+/- ACRES JUST NORTH OF OWENSVILLE
  • 1,364 SF BRICK RANCH HOME w/ ATTACHED GARAGE
  • DETACHED STORAGE SHED
  • 7 +/- TILLABLE ACRES
  • SMALL, STOCKED POND
  • TRAILS & BRIDGES IN PLACE
  • AWESOME RECREATIONAL HABITAT
  • EASY ACCESS, JUST WEST OF SR 65
  • OFFERED IN (3) TRACTS, COMBINATIONS & ENTIRETY

PROPERTY LOCATION: The property is located in Section 25 of NC Montgomery Township on CR 250 S, just west of State Road 65 and 2.5 miles south of State Road 64.

PROPERTY DESCRIPTION

Tract 1: Brick Ranch Home with Spectacular View

  • Surveyed 3.0 +/- Acres
  • 1,364 Square Feet
  • New Windows, Siding, Carpet
  • Updated HVAC
  • Detached Shed
  • Great Location just off Highway 65

Tract 2: 7 +/- Acres Tillable Farmland

  • Road Frontage and Easy Access
  • Maplehill Silt Loam Soils

Tract 3: 74 +/- Total Acres

Outstanding tract already established for hunting and recreation, this tract is nearly all wooded with a small pond perfect for catching fish. Trails and bridges are in place for placing your hunting stands and blinds, riding your ATV, or running your dogs.

AUCTION LOCATION: The auction will take place at REH Center, 205 W. Walnut St, Owensville, IN 47665 on Wednesday, April 11, at 5:00 PM CT.

INSPECTIONS – On-site at 7093 W 250 S, Owensville, IN 47665:

• Saturday, March 31,12-2:00 PM CT

• Sunday, April 8, 2-3:00 PM CT

AUCTIONEER’S NOTE: Unique property with an excellent location, these tracts are already established for hunting and recreation.  The house and 3 acres could be a perfect getaway or starter home that is easy to get to and from.  Plan to attend this auction.

OWNER: John Higgins             

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, combinations and 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. 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.

BUYER’S PREMIUM: A 6% Buyer’s Premium will be added to the high bid to determine the contract sales price.

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 General 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, subject to tenants’ rights on the tillable land.

REAL ESTATE TAXES: Buyer will pay taxes in November 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: Owners will convey what 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 PROPERTY:

From I-64 at Poseyville, follow SR 165N for 10.5 miles; turn left onto CR 250S.  From SR 64 turn south on SR 65, proceed to CR 250S and turn west. Watch for signs.

DIRECTIONS TO REH CENTER – 205 W. Walnut St, Owensville, IN 47665:

From I-64 at Poseyville, follow SR 165N for 12 miles, turn right onto S. Mill St then turn right onto W. Walnut St.  Watch for signs.

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