Auction Information
Auctioneer Krueckeberg Auction & Realty 260-724-7402
Auction Date Jul 24 Auction
Location
10794 N SR 1
Ossian, IN
Time 06:00PM
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Auction Listing
AuctionZip Auctioneer ID# 7764

Public Auction

Tuesday, July 24th, 2018 @ 6pm


Held at Lighted Gardens: 10794 N SR 1 Ossian, IN 46777


128 +/- Acres to be offered in multiple tracts


Sections #19, #25 & #30

Jefferson Township - Wells County, Indiana

TRACT #1: Has approx. 23.80 +/- acres of tillable farm ground.

ROAD FRONTAGE: 1,292 +/- ft. on 600 E.

FARM LOCATION: From Hwy. 1, go east on 800 N to 600 E. Turn north on 600 E and the farm is located on the east side of the road.

TRACT #2: Has approx. 23.81 +/- acres of tillable farm ground.

ROAD FRONTAGE: 1,019 +/- ft. on 600 E, and 419 +/- ft. on 800 N.

FARM LOCATION: From Hwy. 1, go east on 800 N to 600 E. Turn north on 600 E and the farm is located on the east side of the road.

 TRACT #3: Has approx. 5.60 +/- wooded acres.

2 ROAD FRONTAGES: 590 +/- ft. on 800 N and 400 +/- ft. on 600 E.

FARM LOCATION: From Hwy. 1, go east on 800 N to 600 E. Farm is on the corner of 600 E and 800 N on the south side of the road.

 TRACT #4: Has approx. 4.82 +/- acres of tillable farm ground.

ROAD FRONTAGE: 337.5 +/- ft. on 600 E.

FARM LOCATION: From Hwy. 1, go east on 800 N to 600 E. Turn south on 600 E and the farm is located on the east side of the road.

 TRACT #5: Has approx. 8.97 +/- acres.

ROAD FRONTAGE: 503 +/- ft. on 800 N.

FARM LOCATION: From Hwy 1, go east on 800 N to 600 E. Turn south on 600 E and the farm is located on the east side of the road.

TRACT #6: Has approx. 61 +/- acres of tillable farm ground.

ROAD FRONTAGE: 971 +/- ft. on 600E.

FARM LOCATION: Tract #6 is located between 700 N and 800 N on 600 E. From Hwy. 1 go east on 800 N to 600 E. Turn south on 600 E and the farm is located on the west side of the road. 

Terms and Conditions:

Auction Procedure: The property will be offered in 6 individual Real Estate tracts, any combination of tracts or the whole property can be assembled. There will be open bidding on all tracts and combinations during the auction as determined by the Auctioneer. Bids on tracts, tract combinations and the total property may compete.

Financing: The property will be sold for cash. (The sale of this property can be financed; however, the sale of this property is not subject to lender approval, appraisals, or inspections). Any financing, appraisals, or inspections should be done prior to the auction.

Deed/Owner’s Policy: Seller will provide the Buyer a General Warranty Deed and an Owner’s Policy of Title in the amount of the purchase price. If the Buyer finances the property they will be responsible for the Mortgage Policy of Title. The Seller will select the title insurance company to issue the title insurance policy.

Written Purchase Agreement: The successful bidder will be required to enter into a written Purchase Agreement immediately after the conclusion of the auction.

Down Payment: A non-refundable $10,000 down payment will be required on Tract #1. A non-refundable $10,000 down payment will be required on Tract #2. A non-refundable $5,000 down payment will be required on Tract # 3. A non-refundable $5,000 down payment will be required on Tract #4. A non-refundable $25,000 down payment will be required on Tract #6.

Survey: A boundary survey has been completed on each of the tracts by Miller Land Surveying, Monroe, Indiana. The cost of the survey will be split 50/50 between the Seller and the Buyer.

Closing: Closing will be within 45 days after the sale. The closing agent fee will be paid by the Buyer.

Possession: Possession will be given after the 2018 crops are harvested. Buyer will receive cash rent for the 2018 crop year at $190 per acre harvested.

Taxes: The annual property taxes: Tract #1 and Tract #2 $1,169.42; Tract #3, Tract #4 and Tract #5 $352.54; Tact #6 $1,229.80. The property taxes will be prorated until the day of closing.

Agency: BKM Auction Company along with Krueckeberg Auction & Realty and its representatives are exclusive agents of the Seller.

Disclaimer: All information contained in the auction flyer is subject to the terms and conditions outlined in the Purchase Agreement. The property is being sold as-is where-is with no warranties expressed or implied by neither BKM Auction Company/Krueckeberg Auction & Realty nor the Seller. Each potential bidder is responsible for conducting his or her own inspections, inquiries, and due diligence concerning this property. All information in this flyer is thought to be accurate but it is the responsibility of all potential bidders to verify the accuracy of all information within. Neither the Seller nor BKM Auction Company nor Krueckeberg Auction & Realty shall be held liable for its accuracy, errors, or omissions. Increments of bidding are at the direction and discretion of the Auctioneer. BKM Auction Company and Krueckeberg Auction & Realty or the Seller can accept or reject any bid. All decisions of the Auctioneer are final. Statements made day of sale take precedence over printed material.


Grewe Family, Owners

 

1030 S. 13th St. Decatur, IN 46733 www.kjauction.com

3501 Fairfield Ave. Fort Wayne, IN 46807

Call us at 260-724-7402 or 1-877-591-8756

Josh Krueckeberg (AU19800008) Licensed & Bonded IN/OH 




Auctioneer License Information: AU19800008

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