SOLD  $601,020.00  THANK YOU!!!!!

 

 

 

338.00 ACRE LAND AUCTION w/ 4 LAKES

 

   9 TRACTS 

                      

WEST TERRE HAUTE, INDIANA

VIGO COUNTY

jswalls.com

 

REAL ESTATE TO BE SOLD IN TRACTS, ANY COMBINATION, OR AS A WHOLE

James O. McDonald, Attorney in his capacity as Court Appointed Commissioner, will sell the following real estate located on

N. Sherburne Pl., W. Terre Haute, IN.  From the intersection of US 41 and St. Rd. 63, Terre Haute, go north 8 miles

on State Road 63  then turn left onto W. Trinity Ave.  Go 1/2 mile to N. Sherburne Pl.

Watch for Johnny’s Signs!!

 

 

Thursday, March 12, 2009

  2:00 PM SHARP!!

 

SALE LOCATION:

 Best Western Inn

 Terre Haute, Indiana

 

Owners:  Herbert Gossett Heirs

 

 

  

 

 

REAL ESTATE:  The real estate consists of 338 Acres m/l located in Vigo County, IN.  There are four different lakes in total.  This property will sell in 8 Tracts, any combination, or as a whole.

Tract One:  Consists of 72.387 Acres m/l.  Trinity Road (111 Ave.) borders the northern part of this tract and Range Line Place boarders the west.  This track includes most of the north west lake.

 

Tract Two:  Consists of  37.301 Acres m/l w/ improvements.  Range Line Place (Rd.) borders the west and  W. Wilholt Ave. the south.

 

Tract Three: Consists of 90.284 Acres m/l.  This tract has access to W. Wilholt Ave. on the south and N. Sherburne Pl. on the east. This tract will include the se corner of the north west lake and will have riparian rights.

 

Tract Four:  Consists of 41.464 Acres m//l.  This tract has one exclusive lake and access to another lake with riparian rights. Trinity Road borders the north and Sherburne Rd. the east.

 

Tract Five:  Consists of 17.33 Acres m/l.  This tract will own a portion of 2 lakes with riparian rights. Trinity Road borders the north.

 

Tract Six:  Consists of 21.67 Acres m/l.  This tract will own a major portion of a large lake with riparian rights.  Trinity Road borders the north.

  

Tract Seven:  Consists of 43.886 Acres m/l of farmland & woods (34.82 tillable) on Sherburne Pl., which borders the west. This tract has a garage and another building that need repair.

 

Tract Eight:  Consists of 7.53 Acres with improvements on the north side of Hutchinson Pl.

 

Tract Nine:  Consists of 5.41 Acres m/l of mostly woodland.  Access from W. Wilholt Ave.

 

PARCEL NUMBERS:  To be determined at closing.         LEGAL:  S 1/2  Sec6, T13N,R9W; Pt of NW Qtr of Sec8, T13N,R9W; Pt of  SW 1/4 of NW 1/4  of Sec8, T13N,R9W; S & E SIDE SW SW of Sec5, T13N,R9W.

 

REAL ESTATE TAXES:  The real estate taxes are approx. $12 acre, per year and will be pro-rated at closing.

   

TERMS OF SALE:  The Successful Bidder will deposit 10% of the contract purchase price 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 statements made 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 Sellers choosing the Surveyor.

POSSESSION:  Possession of tillable acres upon paying 10% down on day of sale.  Possession of non tillable at closing.

 

MINERAL RIGHTS: We are selling surface only.

 

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

COMMISSIONER/ATTORNEY: James O. McDonald.

 

FOR PRIVATE SHOWING CALL:  812-495-6119 or 812-696-5099

SALE LOCATION:  Best Western Inn, Terre Haute IN.

 

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 

       

  

 

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