SPENCER COUNTY LAND AUCTION
SPENCER COUNTY LAND AUCTION
WEDNESDAY, OCTOBER 24, 2018 ● 5 PM CT
101+/- ACRES ● SPENCER COUNTY LAND TRACTS
William Wilson Auction & Realty, Inc. has been authorized to sell the real estate belonging to the Ben Varner Estate, located in Sections 16 and 21 of North Hammond Township, Spencer County, Indiana.
Tract 1: 25 ± ac; all tillable; fronting 245 and CR 700
Tract 2: 26 ± ac; all tillable; fronting 245 and CR 700
Tract 3: 50 ± ac; partially wooded and pasture ground; fronting 245
Tracts 1 and 2: 51 Total Acres, Tillable Spencer County Tracts
- For the farmland buyer, these tracts feature approximately 50.87 tillable acres with ample road frontage along 245 and CR 700 which provides for easy access. Predominant soil types include Zipp silty clay loam, Henshaw silt loam, and Markland silty clay loam.
- The 2018 crop is soybeans. Please refer to website for FSA and soil information.
Tract 3: 50-Acre Pasture and Barnyard
- 1800’s barn, feed bins, and fencing in place this tract features road frontage along 245 and represents a quality pasture and barnyard, easy to access and centrally located between surrounding communities. City water available.
Property Location: Located in Sections 16 and 21 of Hammond Township, 4.2 miles northeast of Grandview and 1-miles south of 70; 4 miles east of US-231, centrally located between Rockport, Tell City, and Santa Claus; GPS LOCATOR: 37.983014 -86.964304
DIRECTIONS: From US-231; turn East on SR 70, then South on 245, and proceed approximately 1-mile. Watch for signs.
Auction Location: Spencer Co. Youth & Community Center (4-H Fairgrounds)
1101 E CR 800 N, Chrisney IN 47611
INSPECTION DATE: October 11, 12-1 PM (CT)
AUCTIONEERS NOTE: William Wilson Auction Realty is pleased to offer the Varner Estate Farm at public auction. This farm features good quality tillable tracts and a unique pasture and barnyard in an easy to access location.
PROCEDURE: The real estate will be offered in (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.
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.
DEED: Seller shall provide a sufficient 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 the farm tenants rights.
REAL ESTATE TAXES: Buyer shall pay the May 2019 taxes and all subsequent taxes.
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: Seller will retain 50% of the mineral interests owned for 20 years.
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.
OWNER: The Estate of Ben Varner
All announcements the day of the auction take precedence over printed material or any other oral statements made.
DIRECTIONS: From US-231 turn East on SR 70 then South on 245 and proceed approximately 1-mile. Watch for signs.