40+ Years in Business - Your Auction & Real Estate Experts.
40+ Years in Business - Your Auction & Real Estate Experts.
NEW HARMONY IN
VIRTUAL ONLINE REAL ESTATE AUCTION TUESDAY, SEPTEMBER 12, 5:30 PM (CT) SPACIOUS 1900’s FARMHOUSE AND BARNS OFFERED IN (11) TRACTS, COMBINATIONS, AND ENTIRETY William Wilson Auction & Realty, Inc. has been authorized to sell the real estate belonging to The Robert A. and Patricia M. Johnson Trusts located in Posey County, Indiana. DESCRIPTION: 454 +/- Total Acres with FSA 360.71 +/- Tillable Acres • Spacious 1900’s Farmhouse and Barns • Over 1-mile of State Highway Road Frontage • Wooded, Recreational, and Homesite Tracts • Offered in (11) tracts, combinations, and the entirety PROPERTY LOCATION: Tract 1: Located adjacent to Interstate 64 southeast of Griffin, Indiana along Wilsey Road. Tracts 2-3: Located along Old Evansville Road, 1-mile north of Indiana State Road 66, and west of Goodman Road. Tracts 4-11: These tracts offer over 1-mile of road frontage along Indiana State Road 66 and Goodman Roads in North Central Posey County, 5–miles east of New Harmony and 5-miles west of Wadesville. PROPERTY DESCRIPTION: 454 Total Acres; 360.71 FSA Tillable Acres For the farmland investor, these tracts offer a good balance of soil types with ample road frontage for transport to grain terminals. Tract 1 features 74.28 tillable acres with the highly responsive Evansville and Vincennes silts as the predominant soil types and access off Wilsey Road, just 1.5 miles north of Indiana State Road 69. Tracts 2-3 feature a combined 115.55 tillable acres with Alford and Sylvan silt loams as the predominant soil types and access off Old Evansville Road. Tracts 5-11 include 168.20 tillable acres with frontage along Indiana State Road 66 and Goodman Roads. Tract 5 boasts high quality soils including Ragsdale and Reesville with good topography and drainage. Tract 10 features 53.73 tillable acres with a good balance of soil types, good drainage, and convenient access along Indiana State Road 66 with a farmhouse and barn on the hill. Please refer to the website for FSA and soil information on these tracts. For the homesite buyer, tracts 4, 6, 7, 8 9, and 11 are located along Indiana State Road 66 and Goodman with convenient access. With rolling topography and a mix of wooded and open tracts, these represent ideal homesites to build your dream home in Posey County. For the recreational land buyer, these tracts combine for more than 60 wooded acres, including the notable Nash’s Woods timber stand along Indiana State Road 66. Tracts 4, 6, 7, 8 and 9 represent an ideal wildlife habitat. TRACT DESCRIPTIONS: Tract 1: 80 ± AC; 74.28 tillable acres; wooded acreage; frontage along Wilsey Road Tract 2: 43.5 ± AC; 41.23 tillable acres; frontage along Old Evansville Road Tract 3: 82.5 ± AC; 74.32 tillable acres; access off Old Evansville Road Tract 4: 28 ± AC; Nash’s Woods acreage; frontage along Indiana State Road 66 Tract 5: 97 ± AC; tillable acreage; frontage along Indiana State Road 66 and Goodman Road Tract 6: 8.5 ± AC; wooded acreage; frontage along Indiana State Road 66 and Goodman Road Tract 7: 6 ± AC; wooded and tillable acreage; frontage along Goodman Road Tract 8: 6 ± AC; wooded and tillable acreage; frontage along Goodman Road Tract 9: 40 ± AC; 21.82 tillable acres; frontage along Indiana State Road 66; easement access Tract 10: 59 ± AC; 53.73 tillable acres; frontage along Indiana State Road 66 Tract 11: 2.5 ± AC; 1900’s Farmhouse and Barns; 3005 Highway 66, New Harmony, Indiana Please note: Tracts 1-3 can be combined Tracts 4-9 can be combined Tracts 10-11 can be combined However these tract sets cannot be combined together, given their separate and distinct ownership AUCTION LOCATION: This auction will be conducted virtual online from our Auction Offices. All bidding will be conducted online with the Auctioneer appearing virtually during the final bidding process. INSPECTION: A Wilson Representative will be onsite at Tract 11 August 27, 2-3 PM; September 5, 5-6PM and September 10, 2-3PM to answer questions about the property. OWNER: Robert A. and Patricia M. Johnson Trusts All announcements the day of the auction take precedence over printed material or any other oral statements made.
454 +/- AC
TILLABLE AND RECREATIONAL ACREAGE
PROCEDURE: The real estate will be offered in 11 tract(s), combinations of tracts, and the entirety via online only bidding. 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. 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 immediately following the close of the auction. The Real Estate is being sold subject to the approval of the Seller. 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 subject to farm tenants' rights for the 2023 crop year, with buyer having farming rights for 2024. Seller will retain crop payments for 2023. REAL ESTATE TAXES: The real estate taxes will be the responsibility of the buyer beginning MAY 2024, and 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. 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. BIDDING AND REGISTRATION INFORMATION BIDDER VERIFICATION: Bidding rights are provisional, and if identity verification is questionable, William Wilson Auction Realty, Inc. has the right to reject the registration, and bidding activity will be terminated. The Seller and William Wilson Auction Realty, Inc. reserves the right to preclude any person from bidding if there is any question as to the person's credentials, mental fitness, etc. Bidders agree to keep their username and password confidential as they are responsible for ANY and ALL activity involving their account. If the registered bidder's user name is offensive to William Wilson Auction Realty, Inc. or in their sole opinion detrimental to Bidding Activity, then William Wilson Auction Realty, Inc. reserves the right to delete the bidder from bidding or unilaterally change the username with notification to the Bidder. When using the website you must obey any and all local, state, and federal laws. Violations will result in the termination of website use privileges. **AUCTION END TIMES: William Wilson Auction Realty, Inc. online only auctions are timed events and all bidding will close at the specified time. However, our auctions also have what is called an 'Auto Extend' feature. Any bid placed within the final 5 minutes of auction results in the auction automatically extending to 5 additional minutes. The bidding will extend in 5-minute increments from the time the last bid is placed until there are no more bids, and the lots sit idle for 5 minutes. Therefore, the auction will not close until all bidding parties are satisfied and no one can be outbid at the last second without having another opportunity to bid again. TECHNICAL ISSUES: In the event, there are technical difficulties related to the server, software, internet, or any other online auction-related technologies, William Wilson Auction Realty, Inc. reserves the right to extend bidding, continue the bidding, or close the bidding. Neither the company providing the software nor William Wilson Auction Realty, Inc. shall be held responsible for a missed bid or the failure of the software to function properly for any reason.
