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Auction Information
Auctioneer Schrader Real Estate & Auction of Fort Wayne LLC 866-340-0445
Auction Date Nov 30 Auction
Location
359+/- ACRES IN 2 FARMS IN EAST ALLEN CO., INDIANA & PAULDING CO., OHIO
Monroeville, IN
Time 06:00PM
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Auction Listing
AuctionZip Auctioneer ID# 26828
    Property Address    
Monroeville Park Pavilion, 421 Monroe Street,
Monroeville, IN 46773

PROPERTY LOCATION

Indiana Farm Location: 7800 Block of Morgan Road in Jackson Township. Farm is located between Baldin and Rosswurm Roads, Just one mile North of U.S. Highway 30 and 1/2 mile West of the Ohio State Line.

Ohio Farm Location: Rd. 48, Paulding Ohio. Farm is located at the Southeast Corner of State Line Road and Road 48 in Benton Township. This Farm is approximately 1.5 miles North of the Indiana Farm.

AUCTION LOCATION

Monroeville Park Pavilion, 421 Monroe Street, Monroeville, Indiana

TRACT DESCRIPTIONS

Tract 1: 40.4± ac 
INDIANA FARM OFFERED IN 6 TRACTS OR COMBINATIONS
TRACT 1: 40.43+/- ACRES
 This tract is all tillable. It has over 1300 feet of road frontage along Morgan Road and also along Baldwin Road. The soils are Hoytville silty clay. There is an AEP tower line with a 130 ft. easement going west to east through this tract. The easement begins 432 ft. from Baldwin Road. The J. Leininger Tile comes to a point near the center of this tract on the west boundary line.

Tract 2: 40.4± ac This tract is all tillable. It has over 1300 feet of road frontage along Baldwin Road. The soils are Hoytville silty clay. The AEP tower line also runs west to east across the same dimensions as Tract 1. The J. Leininger Tile runs north to south on this tract near the west boundary.

Tract 3: 50.4± ac This tract is mostly tillable and runs south to the Sorgen drain. It has over 1300 feet of road frontage along Baldwin Road. The soils are all Hoytville silty clay. Drainage installed in 2014; 42 strings of 4 in. tile on 40 ft. centers and run to a new outlet tile. The outlet tile starts as 6 in. on the north at Baldwin Road and extends south to 8 in. then south to 10 in. to the Sorgen drain. The outlet tile is on Tract 3 and is approximately 70 ft. west of Tract 4.

Tract 4: 53.9± ac This tract is mostly tillable and also runs south to the Sorgen drain. Then, the Sorgen drain also runs along most of the eastern border of this tract. There is over 1300 feet of road frontage along Baldwin Road. The soils are mostly Hoytville silty clay with some Nappanee and some Lenawee silty clay loam. Drainage installed in 2010; 47 strings of 4 in. tile on 40 ft. centers and run to the 10 in. outlet tile to the east and into the Sorgen drain. The outlet tile on the east runs from the Baldwin road to the south approximately 740 feet to the outlet in the ditch and also runs from the south to the north approximately 570 ft. to the outlet in the ditch.

Tract 5: 27.1± ac This tract is mostly tillable. It has over 1300 feet of road frontage along Rossworm Road. It ft.s north border is the Sorgen drain, and the west border is the H.O. White drain. The soils on this tract are mostly Lenawee silty clay loam with a few acres of Hoytville. This tract offers an excellent potential for a small mini farm or estate site!

Tract 6: 67.2± ac This tract is mostly tillable with some grassy areas along the Sorgen Drain to the northwest. The northern border of this tract is the Sorgen drain. The easter border is the H.O. White drain.

Tract 7: 80± ac 
OHIO FARM OFFERED AS A TOTAL OF 80 ACRES AND CANNOT BE COMBINED WITH INDIANA FARM
TRACT 7: 80+/- ACRES
 Paulding County, Benton Township, 80+/- acres located at the Southeast corner of State Line Road and Road 48. This tract is mostly tillable except for approximately 9.8+/- acres of wooded ditch area. There is approximately 59+/- acres tillable north of the ditch and 10.13+/- acres tillable on the south of the ditch.

Terms for Ohio Farm: 10% down on day of sale, balance of purchase price subject to seller financing in the form of a note and mortgage in favor of seller, with payment terms of 15% in December, 2017, with three equal payments of the remaining principal made to Seller in each of the next 3 Decembers, annually, together with interest on the remaining principal balance at the fixed rate of 4% until paid in full, with note and mortgage terms to include such additional customary terms as would be typical of a farm financing transaction.




Auctioneer License Information: SP05464128

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