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SOLD! $132,835.00

34.81 Acres m/l; 23.05 Tillable/Turchi/Newport

Frank L. Turchi, will offer for sale at Auction the following Real Estate located East of State Road 63 and South of Hilltop Dr., Newport, Indiana, Vermillion County, Vermillion Township.

Wed., Jan. 21, 2015@ 2:00 PM

DIRECTIONS: From SR 63 and Old SR 63 (at the flashing light); Travel east on Old SR 63; Turn south (right) onto Market St.; Turn right onto South St.; Property will be on the left. WATCH FOR JOHNNY’S SIGNS!!


34.81 Acres m/l; 23.05 Tillable

Newport, Indiana, Vermillion County    



Wed., Jan. 21, 2015@ 2:00 PM Auction

Location: Newport Lions

NOTE: This property may be purchased prior to Auction by contacting the Auctioneer with an offer and the

Seller will act on the offer. The deadline for making this offer is: Tues., Jan. 20, 2015 at 12:00 Noon

First Accepted Offer Buys!

Please call prior to Auction to see if property has sold!


REAL ESTATE: This Real Estate consists of 34.81 acres m/l with 23.05 acres tillable and over 1/2 mile road frontage on Hwy 63. The west side of the property has a woven wire fence. There are also woods, building sites and a 2 acre pond. There is electric available. The farmland soil types are as good as it gets.

SOIL TYPES: Ra (Ragsdale) and ReA (Reesville)

Parcel Numbers: 83-06-34-110-001.000-012; 83-06-34-110-002.000-012
Legal Description: 012-020-0006-00 W 1/2 IN NE 1/4 NE 1/4 34-17-9 18.42 AC (OL 45); 011-016-0034-01 PT SE 1/4 NE 1/4 34-17-9 16.39AC
Real Estate Taxes: Approx. $28.85 per acre, per year and will be pro-rated at closing.

Terms: The Successful Bidder will deposit 10% of the contract purchase price (minimum $1,000, except for exempt entities) at the Auction in the form of cash, cashier’s check, approved personal check or company check with bank letter of guarantee (no bank drafts). The Buyers 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 Buyers 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 Buyers shall pay the mortgage policy and recording of 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 on day of sale or during the sale take precedence over any oral or written heretofore.

Buyers Premium: The Buyer's will pay 6% Buyer’s Premium which will be added to the bid price to arrive at the contract price.

Possession: At closing and not before.

Mineral Rights: All coal, fireclay, gas and underlying minerals owned by the Seller will be transferred to the Buyer(s). Seller will not warrant title to underlying minerals.

Survey: Buyer will pay for survey, if one is needed.

Email: auctions@jswalls.com
FOR PRIVATE SHOWING CALL: 812-249-5090 or 1-877-696-5099

AGENCY: Johnny Swalls Auction, Inc. and it's Representatives are Excluve Agents of the Seller.

AUCTIONEER/BROKER: Col. Johnny Swalls, CAI, GPPA, CAGA, CREA, AU1026257, RB14033902, AC30700074.

1,037 Real Estate Parcels Sold of the last 1,044 Listed!!

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