|
REAL ESTATE-
The real estate consists of 400 acres m/l, and 2 homes offered in 9
tracts. There are 190 tillable acres.
TRACT ONE:
This is a brick 3 bedroom, 1 bath home with a basement on 1.5 acres
located at 12212 Stockton Road, Coal City, Indiana. Leading up to the
home is an asphalt circle drive and concrete entrance to a 2 car
attached garage with new doors. The kitchen has wood cabinets, electric range, range
hood, refrigerator and vinyl flooring. There are very nice hardwood
floors throughout the home; 2 bedrooms are carpeted and have pocket
closet doors. There is a built in china cabinet with storage, a drop
down stair to the attic, smoke alarms and a laundry chute from the
bathroom down to the basement. The basement is ceramic brick and has a
shower, automatic washer and electric dryer. The home has a new roof
and a gas forced air furnace with backup wood heat and central air.
There is also a 1 car detached garage. Real Estate taxes
are $475 per year.
TRACT TWO:
58 acres m/l and is on the south side of Stockton Road with 26 acres
tillable.
TRACT THREE:
5 acres m/l and is located on the west side of 1200 West or Rea Cemetery
Road for a nice building site overlooking the pond on this property.
TRACT FOUR:
55 acres m/l and is located on the west side of 1200 West or Rea
Cemetery Road with 47 acres tillable.
TRACT FIVE:
15 acres m/l, a 2 bedroom, 2.5 bath loft home with horse stalls beneath,
2 barns with new metal roofs and a pond. There is a 28' grain bin with
fan, stirrator and drying floor. This would be a great hunting lodge in an elevated
rustic setting. The lodge has a gas forced air furnace and central air.
Real estate taxes are $440 per
year.
TRACT SIX:
65 acres m/l and is located on the east side of 1200 West or Rea
Cemetery Road with 31 tillable acres and a pond. There will be a 30 foot
easement to serve Tract 7.
TRACT SEVEN:
80 acres m/l and is located on the east side of 1200 West or Rea
Cemetery Road with 36 tillable acres and 44 acres are wooded. A 30 foot
easement from Tract 6 will provide ingress/egress for Tract 7.
TRACT EIGHT:
50 acres m/l and is located on the east side of 1200 West or Rea
Cemetery Road with 46 acres tillable.
TRACT NINE:
70 acres m/l and is located on the east side of 1200 West or Rea
Cemetery Road with 25 acres pasture, a pond and 40 acres of woods.
NOTE: Tract 7 & Tract 9 have timber value.
According to county records,
taxes are approximately $7.00 per acre, per year on all tracts except
One and Five.
THERE WILL BE A
SHOWING OF THE PROPERTY ON JANUARY 23, 2008 AT 4:00 PM STARTING AT TRACT
ONE-12212 STOCKTON ROAD, COAL CITY, INDIANA.
PARCEL NUMBERS:
60-15-08-200-060.000-020; 60-15-05-100-050.000-020;
60-15-05-100-020.000-020; 60-15-04-200-050.000-020;
60-15-04-300-060.000-020; 60-15-05-400-140.000-020;
60-15-05-203-080.000-020.
LEGALS: W 1/2 E 1/2 NW S8 T9 R5
40 A IN NW NW S8 T9 R5. 1A; S 1/2 NE S5 T9 R5 40.86; PT NE S5 T9 R5
39.14A; W 1/2 NW S4 T9 R5 80 A; IN W 1/2 SW S4 T9 R5 40A; N 1/2 SW S5 T9
R5 80A; N 1/2 NE SW S5 T9 R5 20A SE NW S5 T9 R5 40A.
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.
MINERAL RIGHTS: Any underlying
mineral rights, fire clay, coal, methane gas, etc., owned by the Seller
will be transferred to the Buyer.
POSSESSION: At Closing
SURVEY: Any survey needed will be
completed after closing at the expense of the Buyer.
AGENCY:
Johnny Swalls Auction, Inc. and its Representatives are Exclusive Agents
of the Seller.
FOR PRIVATE SHOWING
CALL: Sale Coordinator PJ Bezy at 812-495-6119
SALE LOCATION:
CLAY CITY FIREHOUSE, 403 W. 7th St.,
Clay City, Indiana. |
