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REAL ESTATE:
The real estate consists of 202.01 m/l acres on Felling Avenue,
Seelyville, Indiana. The property offers recreational land,
potential cropland, portion of a beautiful recreational lake and
grassland. This property is being offered as 2 tracts and may be
purchased as single tracts or as a whole.
Tract One:
consists of 82.01 acres located in Clay County east of Felling
Ave on County Road 600 North.
A great recreational tract with
cropland potential and many other farm type opportunities. It is
located in
Posey Township on the south side of Co Rd 600 North.
CURRENT PARCEL NUMBER:
11-03-19-200-007.000-011
LEGAL:
PT W1/2 19-12-7 82.01A
REAL ESTATE TAXES:
Approximately $24.31 per acre per year.
The taxes will be pro-rated at closing.
Tract Two:
120 m/l acres in Vigo County on the south side of Felling Ave.
in Lost Creek Township.
This property has a great view, portion
of a beautiful lake, rolling grassland and versatile to legumes
or for a bean crop.
CURRENT PARCEL NUMBERS:
84-07-24-400-003.000-007;
84-07-24-200-003.000-007
LEGAL:
NE SE D-428-960/961 & 20013032 24-12-8 40.00 AC; E-1/2 NE
D-428/960/961 & 20013032 24-12-8 80.00 AC
REAL ESTATE TAXES:
Approximately $21.83 per acre per year.
The taxes will be pro-rated at closing.
NOTE: This property was formerly coal
mined and reclaimed.
TERMS OF SALE:
The Successful Bidder will deposit 10% of the contract
purchase price
(except for exempt entities) at the auction in
the form of cash, cashier’s check or approved personal
check or
company check with bank letter of guarantee (no bank drafts).
The Buyer will sign a non-contingent
real estate contract with
the balance due in 30 days or thereafter within 5 days of
presentation of
insurable title.
The
closing agent fees are to be shared equally (half) by the Buyers
and (half) by the Sellers. The Real Estate
will be sold “AS
IS/WHERE IS” with no warranty, expressed or implied, but will be
free and clear of any liens or
encumbrances.
An ALTA 2006 Title Insurance Commitment in the amount of
the contract price will be
supplied to the Buyer by the Seller,
and Seller shall pay for title search, premium for owner’s
policy and cost to
correct any title defects.
If obtaining a loan, the Buyer shall pay the mortgage
policy and recording necessary documents.
The Auction will conclude when the Auctioneer determines
that all buyers have made their best and final offers.
Anyone desiring to bid must be approved prior to sale by
Johnny Swalls. Any
statements made by
the Auctioneer day of sale or during the sale
take precedence over any oral or written heretofore.
This real estate sale must be approved by the Clay County
Circuit Court.
SHOWING: Anyone may look at the property by themselves, at their
own risk. Call for a private showing.
BUYER’S PREMIUM:
The Buyer will pay a 6% Buyer’s Premium which will be added to
the bid price to
arrive at the contract price.
The Buyer is only required to pay 10%
down, of the contract price, day of sale (See
Terms of Sale).
MINERAL RIGHTS:
All underlying mineral rights owned by the Sellers will be
conveyed to the Buyers.
Title to the real estate will be
conveyed subject to prior conveyances to Meadowlark Farms, Inc.
of coal and other minerals and mining rights.
SURVEY:
The survey cost will be split 50/50 between Buyer &
Seller if required to cure title defects. Otherwise there will
be no
survey by Sellers. If Buyer desires a Survey it shall be paid by
the Buyer and not delay closing.
POSSESSION:
Possession of the real estate shall be given at closing and not
before.
Note: This Real Estate was in part or all involved in a surface
coal mine and Sellers have
no information as to
activities that may or may not constitute
an environmental danger.
Sale Location:
Wabash Valley Family Sports Center
Inclement weather date: Please call the office.
EMAIL: auctions@jswalls.com
Call: 812-495-6119, 812-249-5090 or Toll Free 1-877-696-5099
AUCTIONEER/BROKER: Col.
Johnny Swalls, CAI, AARE, GPPA, CAGA, CREA,
IN AU01026257 PB20803178
704 Real Estate Parcels sold of the last 714. A
Full Time Certified Auction Service!
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