POVERTY RIDGE FARM AND WOODED ACREAGE
THURSDAY, SEPTEMBER 24, 2020 • 5:30 PM CT
115 +/- ACRES OFFERED IN (4) TRACTS
POVERTY RIDGE FARM AND WOODED ACREAGE
William Wilson Auction & Realty, Inc. has been authorized to sell the real estate belonging to the Estate of K. Richard Hawley and Kathleen Briggs, Trustee, located in Sections 10 and 11 of SW Black Township, Posey County, Indiana.
115 +/- Total Acres with FSA 46.86 +/- Tillable Acres • Excellent Highway and Road Frontage with Easy Access • Home Site Potential • Outstanding Recreational Tracts and Wildlife Habitat with .65 AC Pond • Offered in (4) Tracts, Combinations, and the Entirety • Tracts Ranging from 20 to 36 Acres
PROPERTY LOCATION: Located in Sections 10 and 11 of SW Black Township, 3.5 miles West of Mt. Vernon, Indiana, on SR-62.
Tract 1: 30 ± AC mostly wooded with .65/AC pond; pole building for storage; 1000’ frontage along SR-62
Tract 2: 30 ± AC; fronting SR-62 with easement access from Bald Knob Rd
Tract 3: 20 ± AC; 16.65 AC tillable; corner tract; billboard income
Tract 4: 36 ± AC; 31.21 AC tillable; 7.5 AC with corner visibility
TRACTS 1 & 2: Approx. 60 Acres Woodland with .65-Acre Pond, Trails, and Pole Building
For the recreational land buyer, these tracts are outstanding. They represent ideal wildlife habitat, and have consistently yielded large whitetail deer and turkey. With mowed trails throughout, the property features an abundance of timber with an excellent shaded fishing pond. A barbecue area was constructed near the lake many years ago, and a small pole building provides adequate equipment storage but could be expanded to include living quarters for hunting or family recreational weekends at the property.
For the homesite buyer, this property has utilities available to the property, including water, gas, and electric. Tract 1 has (2) curb cuts off of SR-62 allowing for easy access. And the property has unique locations and good privacy to build your dream home.
TRACTS 3 & 4: 46.86 Tillable Acres
For the farmland investor, these tracts are productive Posey County farmland featuring Elkinsville, Evansville, and Armiesburg as the predominant soil types with easy access. These tracts also offer small billboard income, increasing the cash flow potential.
The 2020 crop is corn. Please refer to the website for FSA and soil information.
AUCTIONEERS NOTE: Poverty Ridge was assembled in the early 1980’s by the late K. Richard Hawley and the late Clifford Briggs as a recreational paradise close to home for their friends and families.
The property has features which are becoming harder and harder to find, and prospective buyers will quickly understand that this is a special property. With easy access off of the highway just west of Mt. Vernon, plan to attend one of the inspections or schedule time to walk the property and take it all in.
INSPECTIONS: Meet a Wilson Representative at Tract 1 on the property:
Sunday, September 13, 2-4 PM CT
Thursday, September 17, 5-6 PM CT
AUCTION LOCATION: September 24, 5:30 PM CT at
The Auction Center
1026 Granary St • New Harmony, IN 47631
OWNER: Estate of K. Richard Hawley; Kathleen Briggs, Trustee
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 four (4) tracts, combinations, and the entirety. Bids on individual tracts and combinations 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 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.
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.
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: Buyers will receive possession to the property at closing, subject to Farm Tenants rights. Seller will retain all lease payments for 2020. Buyer(s) will have farming rights for the 2021 crop year.
REAL ESTATE TAXES: Buyer will pay taxes in May 2021 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: Seller will convey all minerals owned. Tract is communitized with surrounding tracts. Buyer(s) will be responsible for transferring division order.
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.
DIRECTIONS TO FARM: From Mt. Vernon, IN, proceed West on SR-62 approx. 3.5 miles. Watch for signs.