336 +/- ACRES OFFERED IN (5) TRACTS
POSTPONED UNTIL FURTHER NOTICE
Due to current health concerns, the auction dates have been postponed until further notice.
Tract 1: 80 ± ac; wooded; fronting CR 350 N
Tract 2: 129 ± ac; mostly tillable; fronting White River
Tract 3: 55 ± ac; mix of tillable and wooded acreage; fronting CR 350 N
Tract 4: 54 ± ac; mostly wooded; fronting CR 700 W
Tract 5: 10 ± ac; nearly all tillable
Tract 1: 83 Total Acres, 70.84 Acres Cropland
For the farmland buyer, this tract has frontage along CR 350 N and features Vincennes silt loam as the predominant soil type.
Tracts 2-4: 238 Total Acres, 140.91 Acres Cropland
For the farmland or recreational buyer, these tracts have good qualities for investment featuring Elkinsville and Armiesburg as the predominant soil types. Frontage on CR 350 to the south, CR 700 to the East, and CR 400 that dissects the property on the North, allows for good access.
Tract 5: 10 Total Acres, Approx. 8.91 Acres Cropland
For the farmland investor, this tract is productive Gibson County farmland featuring Wilhite silty clay and Steff silt loam as the predominant soil types.
Please refer to website for FSA and soil information.
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.
BUYER’S PREMIUM: A 3.5% Buyer’s Premium will be added to the high bid to determine the contract sale price.
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.
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 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. Buyer will have farming rights for 2020.
REAL ESTATE TAXES: Buyer will pay taxes in November 2020 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 retain 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.
Gibson County Fairgrounds, Toyota Events Center – 709 N Embree St, Princeton IN 47670
DIRECTIONS TO FARM:
From Hwy 64 West of Princeton, turn North on CR 950 at East Mt. Carmel across from Duke Energy Gibson Plant, then North on CR 875, then East on CR 350 to reach the south end of the farm and Tract 1 — or to reach the north end of the farm, proceed north on CR875 to East on CR 400. Watch for signs.