Auction Information
Auctioneer Scheerer McCulloch Auctioneers, Inc. 260-441-8636
Auction Date Aug 17 Auction
4372 W 500 N
Portland, IN
Time 11:00AM
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Auction Listing
AuctionZip Auctioneer ID# 12474
Scheerer McCulloch Auctioneers, Inc.

Date: Saturday, August 17th, 2019

Auction Start Time: 11:00 am

4372 W 500 N  PortlandIN 47371

53+/- Acre Hog Farm Multi-Tract Real Estate Auction
5 BR Home, Barns and Silo on 5+/- Acres | 3 BR Home, Greenhouse, and Outbuildings on 4+/- Acres | 2 Hog Barns, Grain feeders, Water tank on 44+/- Acers | ’82 GMC Field Gymmy Honey Wagon & ’02 Ford Excursion

Rare opportunity to by at auction 53 acres of beautiful Jay County, highly productive farmland with 2 homes, 2 hog barns, pond, including 35 acres of tillable ground.
Real Estate sells at 11AM.  Farm equipment and personal property sells immediately after the real estate sells.

Open Houses:
Sat. Aug. 3rd Noon-1:30
Mon. Aug. 12th 5-6:30

Directions: Jay County, northwest of Portland.  Take US 27 north 5.4 miles to E500 N turn left and look for auction sings on your right in 4.7 miles.

Property Features

  • Tract 1- 5 BR Home, Barns and Silo on 5+/- Acres, newer replacement windows.

    Kitchen 9x13 hardwood floors.
    Dining room 14x12 hardwood floors.
    Pantry 3x6, 4x5 hardwood floors.
    Mud room 14x 9, 10.5 ceiling, concrete floors, exterior door.
    Living room 21x17, 10x21, hardwood floors.
    1st floor bedroom 13x16, 8x12, hard wood floors.
    Laundry room 12x17, hardwood floors.
    Shower room 6x11, concrete floors, door to basement.
    Basement 1,556 square feet of unfinished poured concrete walls, dry concrete floors and many partitian walls. Additional 504 square feet of crawl space.
    Upstairs detail:
    Bedroom 13x14 hardwood floors.
    Hall and common area 7.5x27, 13.5x14 hardwood floors.
    Bedroom 13x16 Plywood floors.
    Bedroom 17x13, 12x13 half hardwood, half plywood floors.
    Bedroom 13.5x14 hardwood floors.
    Bedroom 13.5x14 hardwood floors.
    Attic; Floored and insulated for storage.
    Other features:
    200 amp electric service, outhouse, well.
    Note: Should this tract sell separate from Tract 3 a well easement use and maintenance agreement will be granted from Tract 3.
    Taxes: $6,536.84

  • Tract 2- 3 BR Home, Greenhouse, and Outbuildings on 4+/- Acres

    Handyman Special Potential Income Property
    Kitchen/Dining area 10x25 hardwood floors.
    Living room 12x15 hardwood floors.
    Bedroom 11x12 hardwood floors
    3 season porch 6x19 
    Laundry room 9x7
    Mud room 12x15
    Common area 10x3
    Walk in closet 6x8
    Bedroom 11x12
    Bedroom 9x10
    Bedroom 10x12
    Basement 26x26
    No electric, outhouse, well.
    Note: Should this tract sell separate from tract 3 a well easement use and maintenance agreement will be granted from Tract 3.
    Taxes: Included in Tract 1.

  • Tract 3- 43+/- acres with 50’ road frontage, 2 hog barns

    9,020 SF built in 2011 and 8,610 SF built in 2006 each with auto feed grain bins. 2 - 4 “wells * with large water storage tank, windmill pump and electric motor backup. 
    Hog barns under contract for $6,000 per month and subject to Tenants Rights. (See attached agreement).
    35 Acres of tillable land is currently under lease for $225 per acre and is subject to Tenants Rights. (See attached agreement)
    Note: Should this tract sell separate from Tract 1 a new electric service and meter will have to be set by the new owner on the day of closing at the expense of the new owner. A utility Easement will be granted for the existing underground line drop.
    Taxes Included in Tract 1.

Personal Property

  • ’02 Ford Excursion

    VIN: 1FMSU43F02EA53691
    Miles: 325,809

  • ’82 GMC Field Gymmy Honey Wagon

    Model: 2000
    Hours: 23,369

  • Misc

    Large wooden child’s8 wagon, Fiberglass shower tub combo, Clothes dryer, water softener, refrigerator, Large band saw, 89 gallon electric water heater, cast iron wood stove, cast iron BBQ grill, pair of Honda 5 hp gas engines, 2 cylinder Deutz diesel air cooled engine with pto transmission.

Real Estate Terms

Buyer Brokers welcome (contact auctioneer for details). Deposit- For each tract, the greater of; 10% of the winning bid, or $3,000. Buyer(s) to pay winning accepted bid price plus a 2.5% buyers premium (2.5% of winning bid) due at closing. Property sold subject to confirmation of the owner. Property sold as-is, where-is. Property sold for cash. (The sale of this property may be financed; however, the sale of this property IS NOT CONTINGENT to financing approval). The information stated in this brochure are the opinions of the sellers, Scheerer McCulloch Auctioneers, Inc. and its agents, however, the decision to bid on the real estate property is entirely up to the individual bidders based on their own individual inspections, research and opinions. All statements, measurements, zoning and tax information are from reliable sources, however, are not guaranteed to be accurate. Statements made day of auction takes precedence over any and all previous oral or written matter. Real estate closing within 30 days of auction. *Real estate taxes: Real estate tax information stated indicates what the current owner is required to pay and is merely a guideline (the new buyer’s real estate taxes may or may not be the same as what the current owners is required to pay). Real estate taxes prorated to date of closing. 

Auctioneer License Information: AU19300036

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