PRIME LAND AUCTION - 234.5+/- ACRES OFFERED IN 6 TRACTS IN FRANKLIN COUNTY, INDIANA
Wed, Feb 12, 11:00 AM
Bath, Indiana - Franklin County - Springfield Twp.
Owner: Marjorie R. Finch Trust, Stephen Finch and Carol Downard Co-Trustees
• 234.5+/- Acres offered in 6 Tracts • 204+/- FSA Crop Acres • 2020 Crop Rights to BUYER • TOP SOILS - Whole Farm Corn Index of 164.2 • 3 Miles to the Indiana/Ohio State Line • Great Location in Top Agricultural Area! • (2) Country Homes including Farmstead with multiple barns • Potential Wooded Building Site • 10 minutes to Oxford, OHIO • 10 minutes to Brookville, IN • 30 minutes to Cincinnati, OH • Come examine all of the possibilities this property has to offer! • ONLINE BIDDING AVAILABLE You may bid online during the auction at www.schraderauction.com. You must be registered One Week in Advance of the Auction to bid online. For online bidding information, call Schrader Auction Company at 800-451-2709.
OPEN HOUSE/INSPECTION DATES
Wednesday, Jan. 15th from 11:00 AM - Noon
Wednesday, Jan. 29th from 11:00 AM - Noon
Wednesday, Feb. 5th from 11:00 AM - Noon
Meet Agent at Tract 4
3063 Oxford Pike, BATH, IN 47010.
From Brookville, IN: Travel north on IN 101 for 2 miles and turn right on Cooley Rd. Travel 500 ft. and turn left on Oxford Pike and continue for 7 miles to the farm.
From Oxford, OH: Take Fairfield Rd. (turns into Bath Rd.) west for 6 miles. Turn south at the Bath State Bank on Springfield Rd. and travel 2.5 miles to the Farm.
Union County 4-H Community Building in Liberty, IN. From the intersection (north of the courthouse) of Hwy. 27 and Hwy. 44, travel east on Union St. to the dead end, Community Building is on the left. Located at 411 Patriot Blvd., Liberty, IN.
Tract 1: 50± ac nearly all tillable. Frontage on Springfield Rd. This is a rectangular and nearly level field for ease of operation. Quality Cyclone, Fincastle and Xenia soils. Excellent investment opportunity here.
Tract 2: 41± ac with 39+/- tillable acres per FSA. Frontage on Springfield Rd. Established lane along the north line of this tract traveling back to the original 1800 ft.s farmstead site. Approximately 2+/- acres of wooded area with older barns including one with hewn / pinned beams and a drive-thru corn crib.
Consider combining this with Tract 1 for a nice 91+/- ac contiguous field.
Tract 3: 93± ac with 74+/- tillable acres per FSA. This is a great combination tract with 20+/- ac of mature woods for hunting or recreation. Easy access with frontage on Oxford Pike and Springfield Road. Quality soils.
Tract 4: 5.5± ac with farmstead featuring:
PROCEDURES: The property will be offered in 6 individual tracts, any combination of tracts, or as the total 234.5+/- acre unit. There will be open bidding on all tracts and combinations during the auction as determined by the Auctioneer.
DOWN PAYMENT: Real Estate 10% down payment on the day of the auction with the balance in cash at closing. The down payment may be made in the form of cash, cashiers check, personal check or corporate check. Your bidding is not conditional upon financing, so be sure you have arranged financing, if needed and are capable of paying cash at closing.
ACCEPTANCE OF BID PRICES: Successful bidder(s) will be required to enter into a purchase agreement at the auction site immediately following the close of the auction. All final bid prices are subject to the Sellers acceptance or rejection.
EVIDENCE OF TITLE: Sellers shall provide an owners title insurance policy in the amount of the purchase price.
DEED: Seller(s) shall provide a Warranty Deed.
CLOSING: The balance of the real estate purchase price is due at closing, which will take place on or before March 13th, 2020.
POSSESSION: Possession will be delivered at closing on ALL crop land. TRACT 5: home will be delivered at closing. TRACT 4: Possession of the Grain bin will be delivered on or before June 15, 2020. The home on Tract 4 will be delivered 30 days after closing. Buyer to receive 2020 CROP RIGHTS!
REAL ESTATE TAXES / ASSESSMENTS: Seller to pay taxes for the 2019 period due and payable in 2020 by giving the buyer(s) a credit at closing.
ACREAGE: All boundaries are approximate and have been estimated based on current legal descriptions.
SURVEY: A new survey will be made where there is no existing legal description or where new boundaries are created by the tract divisions in this auction. Buyer(s) and Seller will share survey expense 50:50. Combination purchases will receive a perimeter survey only. Closing prices will be adjusted to reflect any differences between advertised and surveyed acreages.
EASEMENTS & LEASES: Sale of the property is subject to any and all easements of record.
MINERAL RIGHTS: The sale shall include 100% of the mineral rights owned by the Seller.
AGENCY: Schrader Real Estate and Auction Company, Inc. and its representatives are exclusive agents of the seller.
DISCLAIMER AND ABSENCE OF WARRANTIES: All information contained in this brochure and all related materials are subject to the Terms and Conditions outlined in the Purchase Agreement. The property is being sold on AS IS, WHERE IS basis, and no warranty or representation, either express or implied, concerning the property is made by the seller or the auction company. Each potential bidder is responsible for conducting his or her own independent inspections, investigations, inquiries, and due diligence concerning the property. The information contained in this brochure is subject to verification by all parties relying on it. No liability for its accuracy, errors or omissions is assumed by the Sellers or the Auction Company. Conduct of the auction and increments of bidding are at the direction and discretion of the Auctioneer. The Sellers and Selling Agents reserve the right to preclude any person from bidding if there is any question as the persons credentials, fitness, etc. All decisions of the Auctioneer are final.
ANY ANNOUNCEMENTS MADE THE DAY OF THE SALE TAKE PRECEDENCE OVER PRINTED MATERIAL OR ANY OTHER ORAL STATEMENTS MADE. AUCTION COMPANY OR OWNER NOT RESPONSIBLE FOR ACCIDENTS.