293.2 +/- ACRES PRIME GIBSON COUNTY LAND

ABSOLUTE AUCTION


DESCRIPTION:

    • 293.2 Total Acres w/ 272.01 Tillable Acres
    • 3 Bedroom Farm House on the Hill
    • Total of 14,640 sq. ft. Space in Pole Buildings
    • Productive Tillable Land – 100+ Acres Evansville & Reesville Soils
    • Development Potential
    • US Hwy 41 Visibility

LIVE AUCTION
Began: 02/28/19 at 12:00 PM CST
Location: HAUBSTADT GYMNASIUM, 151 CR 50, HAUBSTADT, IN 47639
INSPECTION
Began: 02/06/19 at 12:00 PM CST
Ended: 02/06/19 at 1:00 PM CST
Location: 9088 S. 25 W., HAUBSTADT, IN 47639

INSPECTION
Began: 02/17/19 at 2:00 PM CST
Ended: 02/17/19 at 4:00 PM CST
Location: 9088 S. 25 W., HAUBSTADT, IN 47639


ABSOLUTE AUCTION

THURSDAY, FEBRUARY 28TH, 2019 AT 12 NOON CT

292+/- PRIME GIBSON COUNTY LAND

HAUBSTADT HIGH SCHOOL GYMNASIUM

 

William Wilson Auction & Realty, Inc. has been authorized to sell the real estate belonging to Dewig Brothers Farms, Inc.

DESCRIPTION:

  • 292 Total Acres w/ 272.01 Tillable Acres
  • 3 Bedroom Farm House on the Hill
  • Total of 14,640 sq. ft. Space in Pole Buildings
  • Productive Tillable Farmland – 100+ Acres Evansville & Reesville Soils
  • Development Potential
  • US Hwy 41 Visibility
  • 4,600 Feet of Road & Rail Frontage
  • Incredible Buying Opportunity
  • Offered in Tracts, Combinations, & the Entirety

 

INCREDIBLE BUYING OPPORTUNITY!

 

PROPERTY DESCRIPTION

Tracts 1-5: 138.9 Total Acres – Path of Progress Potential

With visibility from US-41, 4600 feet of road frontage, and access to public utilities these tracts represent significant development potential, exactly in the path of progress between two prosperous communities.

Tracts 2-9:   Approx. 272 Acres Cropland

For the farmland investor, the Dewig Bros farm is highly productive Gibson County farmland featuring Evansville, Birds, and Alford silt loams as the predominant soil type on these tracts. The farm also features a mix of Reesville, Uniontown, Hosmer, and Wakeland. These soils are known for strong production numbers in the modern cultivation of corn and soybeans.

  • Tracts 2-5 (east of CR 25): 128.2 Total Acres with 124.97 Cropland Acres
  • Tracts 6-9 (west of rail): 155.5 Total Acres with 147.04 Cropland Acres

Buyer will have farming rights for 2019. Please refer to website for FSA and soil information.

TRACT DESCRIPTIONS:

  • Tract 1: 10.7 ± ac 
  • Tract 2: 9.7 ± ac
  • Tract 3: 54.3 ± ac
  • Tract 4: 40.7 ± ac
  • Tract 5: 23.5 ± ac
  • Tract 6: 16.4 ± ac
  • Tract 7: 29.5 ± ac
  • Tract 8: 81 ± ac
  • Tract 9: 27.4 ± ac

Property Location: Located in Sections 24, 25, and 30 of Union Township, between Haubstadt and Ft. Branch on CR 25S

Auction Location: Haubstadt High School Gymnasium; 151 CR 50 (West Street), Haubstadt, IN 47639

INSPECTION DATES:
Wednesday, February 6 from 12-1 PM; Sunday, February 17, 2-4 PM

Meet a Wilson Representative on-site at the Farm

AUCTIONEERS NOTE: William Wilson Auction Realty is pleased to offer the Dewig Bros Farm, which has been in existence since 1902-This is an historic opportunity to own these important tracts.

FOR THE FARMLAND INVESTOR: The Dewig Farm represents highly productive tillable farmland with 100+ acres Evansville and Reesville soils and excellent road frontage with easy access to major roads for transport to grain terminals.

FOR THE DEVELOPER: Highly visible tracts with ample road frontage, access to public utilities, and conveniently located to the continually growing Tri- State manufacturing base– namely Toyota Motor Manufacturing Indiana.

OWNER: Dewig Bros. Farms, INC.

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 nine (9) 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 Real Estate is to be sold at Absolute Auction, regardless of price.

BUYER’S PREMIUM: A 5% Buyer’s Premium will be added to the high bid to determine the contract sale price.

DEED: Seller shall provide a Corporate 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 with farming rights for 2019

REAL ESTATE TAXES: The real estate taxes will be the responsibility of the buyer beginning with the taxes due and payable in November 2019 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: Seller will convey all minerals owned.

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.

Click “Documents” tab for detailed information with additional Due – Diligence Materials, including information such as: soil maps, tax information.

DIRECTIONS TO THE FARM: From US-41 at Fort Branch, turn West on Coal Mine Road to South on CR 25. Watch for signs.

DIRECTIONS TO AUCTION LOCATION: From US 41 at Haubstadt, turn West on CR 1025 S (Gibson Street) and proceed approx 1.5 miles then turn South on CR 50 (West Street). Watch for signs.

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