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Call Stephanie Spiros:
217.304.0404
Call Travis Selby:
217.304.1686
Call Brok Isaac:
217.841.2712
Serving
Illinois & Indiana

Call Stephanie Spiros: 217.304.0404

Call Travis Selby: 217.304.1686

Call Brok Isaac: 217.841.2712

AUCTION +/- 240 Acres, 3 Tracts, Center TWP. Benton County, IN. 3 PM, Sept 12th

CLICK HERE TO BID NOW >
Contract Pending
CLICK HERE TO BID NOW >

Property Details

  • Price:AUCTION 3 PM, Monday, Sept 12th
  • Acres:240
  • Status:Contract Pending
  • Type:Farms, Land Auctions
  • Zip:47944
  • Price Per Acre:n/a
  • City:Fowler
  • State:Indiana
  • County:Benton

Travis Selby

Illinois and Indiana Land Specialist, Broker and Auctioneer Phone:
217.304.1686
Email:
travis@agexchange.com
Read More

Property Description

SOLD AT AUCTION

FARMLAND AUCTION
+/- 240 Acres offered in 3 Tracts
NE quarter and the E half of the NW fractional quarter, section 31, T25N R8W
Center TWP. Benton County, IN.

3 PM, Monday, September 12th

Auction Location has been moved to:
Benton County Annex Building,
410 S Adeway Rd, Fowler, IN 47944

Excellent Farmland Investment Opportunity.
Open Farm Tenancy for 2023.
Two, 1.65 MW Wind Turbines; 2022 minimum payment of $6,506 per turbine.
+/- 219.79 Cropland Acres
+/- 211.29 Effective DCP Cropland Acres, 72.4 NCCPI
+/- 8.5 CRP Acres paying $203.95/ac ($1,734.00 annually). Expiring fall of 2030.

ONLINE BIDDING AVAILABLE! Online pre-bidding begins Monday, September 5th, 2022, at 8:00 AM. Bidding will end Monday, September 12th, 2022, at the close of the live event.

Farm is located 2.5 miles south and 2 miles west of Fowler IN.
3.5 miles North of Boswell, IN. Road frontage on West 200 S Rd.
GPS coordinates: 40.5744, -87.3672.

Legal Description:
NE quarter and the E half of the NW fractional quarter, section 31, T25N R8W Center TWP. Benton County, IN

Assessor PIN: # 04-08-31-500-001.000-003
Real Estate Tax: 2021 payable 2022: $4,021.40

Final Tract acreage to be determined by survey. Survey cost split equally between buyer and seller.
Seller receives 100% of the CRP payment issued September of 2022.
Seller receives 100% of the 2022 cash rent proceeds.
Seller credits buyer the 2022 payable 2023 real estate taxes at closing using the 2021 payable 2022 figures.
Seller receives 100% of the wind turbine payments issued in 2022.

3 Tract, Multi Parcel Bidding.

T1: +/- 80.66 Acres, +/- 69.25 Tillable Acres, 67.5 NCCPI
+/- 4.6 CRP Acres paying $938.17 annually.
1.65 MW TURBINE, 2022 minimum payment of $6,506.

T2: +/- 80.66 Acres, +/- 75.50 Tillable Acres, 75.7 NCCPI
+/- 1.95 CRP Acres paying $397.70 annually.
1.65 MW TURBINE, 2022 minimum payment of $6,506.

T3: +/- 80.66 Acres, +/- 68 Tillable Acres, 73.6 NCCPI
+/- 1.95 CRP Acres paying $397.70 annually.

Travis Selby
Land Broker and Auctioneer
IN Lic # AU10700091
Mobile Phone: 217.304.1686

Auction terms and conditions:
Procedure:  3 Tract, Multi Parcel Bidding.
ONLINE BIDDING AVAILABLE! Online pre-bidding begins Monday, September 5th, 2022, at 8:00 AM. Bidding will end Monday, September 12th, 2022, at the close of the live event.

BIDDING IS NOT CONDITIONAL UPON FINANCING.
This sale is subject to Owner’s confirmation.  Owner reserves the right to accept or reject any and all bids.
Sale is subject to the current CRP contracts and wind turbine leases.
Seller receives 100% of the 2022 cash rent proceeds.
Seller receives 100% of the CRP payment issued September of 2022.
Buyer receives 100% of the CRP contracts issued the fall of 2023 and beyond.
Seller receives 100% of the wind turbine payments issued in 2022.

Acceptance of Bid Prices/Contracts: All successful bidders will sign a sale contract at the auction site immediately following the close of the bidding. Copies of such contracts are available for review at the office of the auctioneer.

Down Payment: A 10% earnest money deposit of the total contract purchase price will be due immediately after being declared the buyer. The down payment may be paid in the form of a personal check, business check, or cashier’s check. The balance of the contract purchase price is due at closing.

Closing: Closing shall take place 32 days after auction day, or as soon thereafter as applicable closing documents are completed.  Anticipated closing date is on or before October 14th, 2022Possession: Possession will be given to buyer at closing subject to the 2022 farm tenancy.

Survey: A new survey shall be provided where there is no existing legal description.  Any need for a new survey shall be determined solely by the seller.  The cost of a new survey will be split equally between buyer and seller. The type of survey performed shall be at the seller’s option and sufficient for providing title insurance.

Title:  Sellers shall provide an Owner’s Policy of Title Insurance in the amount of the purchase price and shall execute a trustee’s deed conveying to the buyer(s). Sellers shall pay the premium for the Title Insurance Policy and the sellers’ search charges. Commitments for Title Insurance will be available for review at the office of the auctioneer and at the auction site. Bidders shall be deemed to have reviewed and approved the Title Commitments by submitting bids.

Real Estate Taxes and Assessments:   Seller shall credit buyer for the 2022 payable 2023 real estate taxes at closing using the 2021 payable 2022 figures in the amount of $4,021.40.

Mineral Rights: The sale of the property shall include all mineral rights owned by the seller, if any.

Agency:  Ag Exchange Inc. and its representatives are Exclusive Agents of the Seller.

Disclaimer and Absence of Warranties:  All information contained in this brochure and all related materials are subject to the terms and conditions outlined in the sales contract.

ANNOUNCEMENTS MADE BY THE AUCTIONEER AT THE AUCTION PODIUM DURING THE TIME OF THE SALE WILL TAKE PRECEDENCE OVER ANY PREVIOUSLY PRINTED MATERIAL OR ANY OTHER ORAL STATEMENTS MADE.

The property is being sold on an “as is” basis, and no warranty or representation either expressed or implied, concerning the condition of the property is made by the seller or the auction company. Each potential bidder is responsible for conducting his or her own independent inspections, investigations, inquiries, and due diligence concerning this property.  The information contained in this brochure is believed to be accurate but is subject to verification by all parties relying on it. No liability for its accuracy, errors or omissions is assumed by the sellers or the auction company. All sketches and dimensions in this brochure are approximate. Photographs are used for illustrative purposes only. Conduct at the auction and increments of the bidding are at the discretion of the auctioneer. The sellers and the auction company reserve the right to preclude any person from bidding and to remove any person from the auction if there is any question as to the person’s credentials, fitness, conduct, etc. All decisions of the auctioneer are final.   Seller:  Scott Eells, Trustee of the Baier Geraldine Trust #1.

 

Useful Documents

Property Map / Directions

NE quarter and the E half of the NW fractional quarter, section 31, T25N R8W Center TWP. Benton County, IN Farm is located 2.5 miles south and 2 miles west of Fowler IN. 3.5 miles North of Boswell, IN. Road frontage on West 200 S Rd. GPS coordinates: 40.5744, -87.3672. Contact Travis Selby 217.304.1686

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