SOLD     $134,376   THANK YOU!!     SOLD

38.50 ACRE LAND AND IMPROVEMENTS        

AUCTION

REAL ESTATE TO BE SOLD IN TRACTS OR AS A WHOLE

Ceres Solutions, LLP will offer for sale the following real estate located in Section 4, Township 11N, Range 6W, Sugar Ridge Twp., Centerpoint, Indiana.  From intersection of I-70 and Hwy 59, travel south on Hwy 59.  Turn left (east) on 200N to the “T” then left (north) 1/2 mile on Co. Rd. 200E (Just north of Centerpoint).

WATCH FOR JOHNNY’S SIGNS

BUYER MAY PURCHASE REAL ESTATE PRIOR TO AUCTION

PLEASE CALL TO MAKE SURE THE PROPERTY HAS NOT SOLD PRIOR TO AUCTION.

REAL ESTATE: The real estate consists of 38.50 Acres m/l located in Clay County 1/2 mile N. of Centerpoint on County Road 200E.  The property has two building sites, farm land, woods, metal covered insulated building, large home and/or office building. You could live here and have a separate office building, with plenty of room in each.  The property will sell in 5 tracts, any combination, or as a whole.

Tract One:  Consists of 1.34 Acres m/l and includes a large building that can be used as a home and/or office building.  The building has a large crawl space (Approx. 3’ tall with Pea Gravel) under the front office area and a full basement under the rear/living area w/ an exhaust fan  on the S. wall in the basement.  The office area is wired for telephone and electric & has electric forced air furnace w/ central air. There is a “Like New” oil forced air furnace and central air in the rear/living area.  The rear area has a large kitchen w/ oak cabinets & patio doors, fireplace in the living room, lots of closets, 2 baths, large bedroom upstairs, and large bedroom downstairs.  The home and office have city water and septic.  THIS HOME /OFFICE MUST BE VIEWED TO APPRECIATE!  There is also a very nice insulated STEEL BUILDING w/ insulated over head door and door opener.  The steel building has halogen lighting, 200 Amp. Breaker Box, concrete floor and a hanging air conditioner.  Next to the building are two semi van/box type storage trailers.  This Tract will give an easement to Tract Two and Tract Five via a white rock driveway.

Tract Two:  Consists of 1.61 Acres m/l and has a concrete dike (drain water/oil separator) and concrete slab.  The dike has an electrical control panel.  The Tract will have an easement from Tract One and will also give an easement to Tract Five via the white rock driveway.

Tract Three:  Consists of 5.59 Acres m/l of which 3.21 Acres m/l are tillable. Tract Three is accessible from County Road 200E.  At  this time, this Tract is a hayfield. 

Tract Four:  Consists of 10.1 Acres m/l of which 8.20 Acres m/l are tillable and the remainder is woods.  Tract Four is accessible from County Road 200E.  This  Tract is presently a bean field and woods.  This is a nice building site.

Tract Five:   Consists of 19.95 Acres m/l of which 8.83 Acres m/l are tillable and the remainder is woods.  Tract Five will receive an easement from Tracts One and Two.  This Tract is presently a bean field and woods.  There are 11.12 Acres of woods to hunt and/or build a home.

PARCEL NUMBER FOR 38.50 ACRES:  013-00020-00                     LEGAL: NW/4  SW/4  3-11-6

REAL ESTATE TAXES:  The real estate taxes are approximately $ 5,793.50 per year and will be pro-rated at closing.

TERMS OF REAL ESTATE:  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 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.

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.

SURVEY:  The Buyer will pay for the Survey, if one is needed, with the Seller choosing the Surveyor.

POSSESSION:  At Closing. Crops stay with the Seller and Tenant Farmer.

MINERAL RIGHTS: All Underlying Minerals, Coal, Fire Clay, Methane Gas etc., owned by the Seller will be transferred to the Buyer.

 AGENCY: Johnny Swalls Auction, Inc. and its Representatives are Exclusive Agents of the Seller.

FOR PRIVATE SHOWING CALL:  812-495-6119

SALE LOCATION:  2380 N. County Road 200 E., Centerpoint, Indiana.

AUCTIONEER’S PHONE: 812-495-6119 or 812-696-5099

FAX:  812-696-5090  E-MAIL:  auctions@jswalls.com

AUCTIONEER:  Col. Johnny Swalls, CAI, AARE, GPPA, CAGA, CREA 

IN #AU01026257   James R. Swalls IN # AU09200044