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30.11 ACRE LAND AUCTION 4 TRACTS The Manuel A. Cacdac Trust will offer for Sale, at Auction, 30.11 Acres in 4 Tracts located in Vigo County, Terre Haute, Indiana. From the I-70 & Highway 41 intersection, travel south on Highway 41 to Johnson Avenue. Turn right (west) on Johnson Avenue, go west to Union Road, turn left (south) on Union Road to Jones Road, turn right (west) on Jones Road. The property is located on the right (north) side of Jones Road. WATCH FOR JOHNNY'S SIGNS!! |
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MARCH 6, 2008 3:00 PM (SHARP!) OWNER: MANUEL A. CACDAC TRUST SALE LOCATION: BEST WESTERN INN NOTE: This property may be purchased prior to auction by contacting Johnny Swalls with an offer and the Seller will act on the offer. The deadline for making this offer is Wednesday, March 5, 2008 at 12:00 Noon. First accepted Offer Buys. |
Click on this map to enlarge |
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Looking East from Hwy 63 |
Looking East from Hwy 63 |
View of entire length of property from West end at
Highway 63 looking East. |
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| REAL ESTATE: The property
is ideal for commercial development and is located in a prime retail
area (Honey Creek Mall Southwest). The land does not need built up
(elevated) for
development or any other purpose. The land is currently being used for
agricultural purposes and zoned agri vacant land. Jones Road is located on the south
side of the property and is newly paved. Public utilities are available.
Soil types are Elston sandy loam (E1A and E1B). The property was surveyed as of May 11, 2006
and measures 30.11 acres.
PARCEL NUMBER: 84-09-05-400-005.000-004 LEGAL DESCRIPTION: MID SE 1.03 AC SUBJ CO RD 27.40 AC SECTION 5, TOWNSHIP 11, RANGE 9. REAL ESTATE TAXES: The real estate taxes are approximately $7.98 per acre per year and will be pro-rated at closing. TERMS OF REAL ESTATE: The Successful Bidder will deposit 5% 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 Real Estate will be sold “AS-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. The Buyer will pay for the recording of his/her 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. BROKER PARTICIPATION: If Buyer pays Broker fee. 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 5% down, of the contract price, day of sale. SURVEY: As per the Survey, there is access to State Road 63. A copy of the Survey will be provided to the Buyer at no charge. MINERAL RIGHTS: All Underlying Minerals, Coal, Fire Clay, Methane Gas etc., owned by the Seller will be transferred to the Buyer. POSSESSION: Possession at closing. AGENCY: Johnny Swalls Auction, Inc. and its Representatives are Exclusive Agents of the Seller. FOR PRIVATE SHOWING CALL: Sale Coordinator, P.J. Bezy 812-696-5099 SALE LOCATION: Best Western Inn, 3053 S. US Hwy 41, ( Northwest corner of I-70 & US Highway 41),Terre Haute, IN 47802. PLEASE CALL TO MAKE SURE THE PROPERTY HAS NOT SOLD. |
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PHONE: 812-495-6119 FAX: 812-696-5090 E-MAIL: auctions@jswalls.com AUCTIONEER: Col. Johnny Swalls CAI, AARE, GPPA, CAGA, CREA IN #AU01026257 |
jswalls.com |
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