ABSOLUTE AUCTION 106.5 +/- ACRES
POSEY AND VANDERBURGH COUNTIES
William Wilson Auction & Realty, Inc. has been authorized to sell the real estate belonging to Straub Family Farms, located in Vanderburgh and Posey Counties.
VANDERBURGH COUNTY MARX ROAD ACREAGE – TRACTS 1-7:
- 51 +/- Total Acres with FSA 41.57 +/- Tillable Acres, Zoned A-Agricultural
- Just East of University Parkway
- Over 1,000 Feet of Road Frontage
- Outstanding Homesite Tracts
- Offered in (7) Tracts, Combinations, and the Entirety
- Tracts Ranging from 3.75 to 11.5 Acres
Property Location: Section 8 of German Township, Vanderburgh County, 1-mile east of University Parkway
POSEY COUNTY ST. PHILIP ROAD ACREAGE – TRACTS 8-12:
55.5 +/- Total Acres with FSA 48.68 +/- Tillable Acres, Zoned Agricultural
- Just South of Copperline Road
- Over 1,775 Feet of Road Frontage
- Outstanding Homesite Tracts
- Offered in (5) Tracts, Combinations, and the Entirety
- Tracts Ranging from 7.5 to 25 Acres
Property Location: Section 1 of Robinson Township, Posey County, 1.5 miles south of Hwy 66
Tract 1: 10 ± ac
Tract 2: 11.5 ± ac
Tract 3: 7.25 ± ac
Tract 4: 7.25 ± ac
Tract 5: 5.5 ± ac
Tract 6: 5.75 ± ac
Tract 7: 3.75 ± ac
Tract 8: 3.5 ± ac
Tract 9: 5.5 ± ac
Tract 10: 14 ± ac
Tract 11: 7.5 ± ac
Tract 12: 25 ± ac
FOR THE FARMLAND INVESTOR: These farms represent quality tillable tracts with productive soils and good access.
FOR THE BUILDER/INVESTOR: With only 4.2 miles between these land tracts, builders and investors have good options. Individuals seeking a quality spot to build their dream home should take a look at both of these tracts and plan to attend this auction.
AUCTIONEERS NOTE: William Wilson Auction Realty is pleased to offer both of these unique land tracts at ABSOLUTE AUCTION. The locations of each of these land tracts are exceptional, splitting University Parkway and the County Line in an area poised for high growth and residential construction.
OWNERS: Straub Family Farms LLC; Susan Straub
PROCEDURE: Auction Company shall endeavor to maximize the value of the real estate. The real estate will be offered in multiple tracts. Bids on any individual tract, combination of tracts, or the entirety may compete. There will be open bidding during the auction as determined by the Auctioneer. Conduct of the auction and increments of bidding are at the direction and discretion of the Auctioneer. All decisions of the Auctioneer are final.
BUYER’S PREMIUM: A 5% Buyer’s Premium will be added to the high bid to determine the contract sale price.
DOWN PAYMENT: A 10% down payment will be required from the successful bidder on the day of the auction with the balance due at closing. The down payment may be in the form of c ash, cashier’s check, personal check or corporate check. Bidding is not conditional upon financing. The down payment is non-refundable. Should a buyer default, the downpayment shall be divided as follows: 20% to William Wilson Auction Realty; 80% to the Seller.
ACCEPTANCE OF BID PRICES: All successful bidders will be requried to enter into Purchase Agreements at the auction site immediately following the close of the auction. The real estate will sell at Absolute Auction, regardless of price.
TITLE AND DEED: Seller agrees to furnish an owner’s title insurance policy brought down to date showing good and merchantable title for the sale of the Real Estate, and agree to execute and deliver to purchaser(s) a sufficient Deed for sale of real estate.
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: Posession to the real estate shall be delivered to buyers 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 2020 and therafter.
MINERALS: Seller will convey all mineral interests owned.
SURVEY: If a survey is deemed necessary to establish new legal descriptions, the costs of the survey shall be split 50/50 between 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 University Parkway, turn East on Marx Road and proceed approx. 1-mile to the VANDERBURGH COUNTY ACREAGE.
From University Parkway, turn West on Marx Road, continuing on Copperline Road proceed approx. 2-miles to North on St. Philip Road to the POSEY COUNTY ACREAGE. From Hwy 66, turn South on St. Philip Road and proceed approx. 1.5-miles. Watch for signs.