ABSOLUTE AUCTION 136+/- AC PIKE AND GIBSON COUNTIES

ONLINE ONLY AUCTION


  • PIKE COUNTY FARM with FSA 40 +/- Tillable Acres
  • GIBSON COUNTY FARM with FSA 96 +/- Tillable Acres
  • Offered in (2) tracts

ONLINE BIDDING ONLY
Began: 04/06/20 at 12:00 PM CDT
Ended: 04/23/20 at 5:30 PM CDT
INSPECTION
Began: 04/17/20 at 12:00 PM CDT
Ended: 04/17/20 at 1:00 PM CDT
Location: Gibson County,


ABSOLUTE LAND AUCTION

136 +/- ACRES OFFERED IN (2) TRACTS

 

PIKE COUNTY FARM with FSA 40 +/- Tillable Acres • GIBSON COUNTY FARM with FSA 93 +/- Tillable Acres • Offered in (2) tracts

PROPERTY LOCATION: Located in Section 34 of Monroe Township, Pike County, with access from Haul Road [GPS LOCATOR: 38.302343, -87.289483] and Section 29 of Barton Township, just off Petersburg Road with frontage to the North along CR 850S [GPS LOCATOR: 38.231609, -87.319230]

TRACT DESCRIPTION:

Tract 1: 40 +/- Acres off Haul Road in Monroe Township, Pike County, Indiana, Southeast of Oakland City
Tract 2: 96 +/- Acres off CR 850 and Petersburg Road in Section 29 of Barton Township, Gibson County, Indiana

PROPERTY DESCRIPTION:

Tract 1: 40 +/- Acre Tract. For the farmland buyer, this tract features access from Haul Road just Southeast of Oakland City. The tract represents quality farmland featuring Belknap,  Hosmer soils as the predominant soil types.

Tract 2: 96.32 Acre Tract.  Approx. 93 acres cropland. For the farmland investor, this farm features Swanwick as the predominant soil type. Nearby access off of Old Petersburg Road and E CR 850 S.

Please refer to website for FSA and soil information.

INSPECTION: Friday, April 17, 2020, 12-1 PM (CT) at Tract 1, Pike County Farm

OWNER: Joe and Amy Silva

PROCEDURE: The real estate will be offered in two (2) tracts ONLINE ONLY. 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 5% 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 properties will be sold at Absolute Auction, regardless of price.

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 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. 

PROPERTY LOCATION: Located in Section 34 of Monroe Township, Pike County, with access from Haul Road [GPS LOCATOR: 38.302343, -87.289483] and Section 29 of Barton Township, just off Petersburg Road with frontage to the North along CR 850S [GPS LOCATOR: 38.231609, -87.319230]

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TRACT 2

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