45.7 ROLLING ACRES WITH HWY 66 FRONTAGE


DESCRIPTION:

    • 45.7 +/- Total Acres with FSA 44.1 +/- Tillable Acres
    • Productive Soils
    • 4600’+ Road Frontage Along 2 Sides
    • Outstanding Homesite Tracts and Development Potential
    • Conveniently Located
    • Offered in (5) Tracts, Combinations, and the Entirety

LIVE AUCTION
Began: 06/12/19 at 5:30 PM CDT
Location: THE AUCTION CENTER, 1026 GRANARY ST, NEW HARMONY, IN 47631
INSPECTION
Began: 06/03/19 at 5:00 PM CDT
Ended: 06/03/19 at 6:00 PM CDT
Location: On-Site,

INSPECTION
Began: 06/09/19 at 2:00 PM CDT
Ended: 06/09/19 at 3:00 PM CDT
Location: On-Site,


POSEY COUNTY LAND AUCTION

WEDNESDAY • JUNE 12, 2019 • 5:30 PM (CT)

THE AUCTION CENTER, NEW HARMONY, IN

45.7 ROLLING ACRES WITH HWY 66 FRONTAGE

(Offered in 5 Tracts, Combinations and the Entirety)

 

William Wilson Auction & Realty, Inc. has been authorized to sell the real estate belonging to Reis, et al. Located in Section 26 and 35 of Robinson Township, Posey County, IN.

DESCRIPTION:

  • 45.7 +/- Total Acres with FSA 44.1 +/- Tillable Acres
  • Productive Soils
  • 4600’+ Road Frontage Along 2 Sides
  • Outstanding Homesite Tracts and Development Potential
  • Conveniently Located
  • Offered in (5) Tracts, Combinations, and the Entirety
  • Tracts Ranging from 2.7 to 15.6 Acres

PROPERTY LOCATION: Located in Sections 26 and 35 of Robinson Township along Highway 66 and Downen Road just West of St. Philip Road.

AUCTION LOCATION: The Auction Center, 1026 Granary, St. New Harmony, IN

  • Wednesday, June 12, 2019 at 5:30 PM (CT)

 

PROPERTY DESCRIPTION:

  • For the Land Buyer: 45.7 Total Acres

These tracts feature over 4600 feet of frontage along Highway 66 (2800’+) and Downen Road (1800’+) with easy access. They represent ideal homesite potential conveniently located within Posey County but near major roads for commute.  

  • For the Farmland Investor: FSA 44.1 Acres Cropland

The Reis farm is productive Posey County farmland with good drainage, featuring Alford and Iona silt loam as the predominant soil types on these tracts. 

The 2018 crop was soybeans. Please refer to website for FSA and soil information.

TRACT DESCRIPTIONS:

  • Tract 1: 7.2 ± ac; nearly all tillable; fronting Hwy 66
  • Tract 2: 11.4 ± ac; nearly all tillable; fronting Downen Road; top of hillside
  • Tract 3: 15.6 ± ac; nearly all tillable; fronting Downen Road and Hwy 66
  • Tract 4: 8.8 ± ac; nearly all tillable; fronting Downen Road and Hwy 66
  • Tract 5: 2.7 ± ac; corner location; fronting Downen Road and Hwy 66

INSPECTIONS: Meet a Wilson Representative at the Property

  • Monday, June 3, 5 – 6 PM (CT)
  • Sunday, June 9, 2 – 3 PM (CT)

PROCEDURE: The real estate will be offered in five (5) 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.

BUYER’S PREMIUM: A 6% Buyer’s Premium will be added to the high bid to determine the contract sale 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 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, subject to Farm Tenants Rights. Seller will convey all lease payments for 2019 to the buyer.

REAL ESTATE TAXES: Buyer will pay taxes in November 2019 and all 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: 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.

OWNER: Reis, et al

All announcements the day of the auction take precedence over printed material or any other oral statements made.

Click “Documents” Tab for Detailed Information with additional Due-Diligence Materials, including information such as: soil maps, tax information

DIRECTIONS: Property is located just West of Rexing and St. Philip’s Roads intersection. Watch for signs.

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