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16 ACRE LAND AUCTION |
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Bill & April Holloway will offer for sale, at Auction, 16 acres in Sandcut, Indiana. The property is located on the Rio Grande Avenue across from Rio Grande School. Please contact Johnny or PJ for more information! Watch for Johnny's signs!! |
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WEDNESDAY, OCTOBER 17, 2007 3:00 P.M. (SHARP!) SALE LOCATION: Best Western Inn, Terre Haute, Indiana (NW Corner of I-70 & US 41) OWNERS: BILL AND APRIL HOLLOWAY Note: This property may be bought 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 Tuesday, October 16, 2007 at 12:00 Noon. First Accepted Offer Buys! |
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CONTINUE TO CHECK OUR WEBSITE FOR PICTURES AND UPDATES!!! |
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| REAL ESTATE: The property has been surveyed and platted for subdivision development, but will sell as 1 tract consisting of 16 acres. There is city water and city sewer available. This property is perfect for a one family homestead, development property for builders or just as 16 tillable acres. A detailed copy of the original subdivision design will be provided to the Buyer at no charge. The design presently consists of a layout for 51 building sites but can be modified to fit any developer’s needs. This property offers a country like setting, however it is within walking distance of Rio Grande Elementary School, and is only minutes away from Terre Haute. |
| PARCEL NUMBER: 84-03-17-351-002.000-012 |
| LEGAL: HOLLOW WAY SUB 16.00 AC LOT 1 17-13-8 |
| REAL ESTATE TAXES: The real estate taxes are approximately $11.31 per acre, 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 sing 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: A copy of the survey will be provided to the Buyer at no cost. |
| POSSESSION: Possession after removal of 2007 crops. |
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AGENCY: Johnny Swalls Auction, Inc. and its Representatives are Exclusive Agents of the Seller. FOR PRIVATE SHOWING CALL: Sale Coordinator, P.J. Bezy 812-495-6119 PHONE: 812-495-6119 FAX: 812-696-5090 E-MAIL: johnnyswalls@joink.com AUCTIONEER: Col. Johnny Swalls CAI, AARE, GPPA, CAGA, CREA IN# AU01026257 |
jswalls.com |
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