LAND AUCTION, DEKALB COUNTY, IN

Dekalb County, IN Franklin Township Sections 33 & 34

Wednesday, December 18th @ 6pm

165+/- acres of land including 156+/- acres of productive tillable land and 9+/- acres of woods * Excellent road frontage and access * Potential building sites

Jared Sipe

Phone: 260-750-1553

Email: [javascript protected email address]

Click picture to view all

OWNER

D&H Farms LLC


Auction Date

Wednesday, December 18th @ 6pm


Inspection Date

Tuesday, December 3rd from 4pm-5pm

Thursday, December 12th from 4pm-5pm


Property Location

Located in Dekalb County, IN Franklin Township Sections 33 & 34. Located at the intersection of CR 22 and CR 59, just Northwest of Butler, IN.


Auction Location

International Monster Truck Museum, 541 W Main St, Butler, IN 46793


Property Description

Tract 1: 57+/- ACRES of mostly tillable farmland with mostly Blount Loam soils, including 9+/- acres of recreational land. The tract has excellent road frontage and access along CR 22. Look in for a potential building site!

Tract 2: 7.8+/- ACRES of flat tillable farmland containing mostly Blount Loam soils. The tract has excellent road frontage and access along CR 59 and CR 22. Potential building site.

Tract 3: 40+/- ACRES of flat tillable farmland with with mostly Blount Loam soils. The tract has excellent road frontage and access along CR 59 and CR 22. There is a county tile on the South end. This tract also contains an old schoolhouse building on the Northwest corner.

Tract 4: 40+/- ACRES of flat tillable farmland with mostly Blount Loam soils. This tract has excellent road frontage and access along CR 24 and CR 59. There is a county tile that runs through most of the tract.

Tract 5: 20+/- ACRES of flat tillable farmland with mostly Blount Loam soils. This tract has excellent road front-
age and access along CR 24. Property offers a great potential build site as well.


Terms & Conditions:

PROCEDURE: The property will be offered in 5 individual tracts, combination of tracts, and as a total 165+/-acres.
There will be open bidding on each individual tract, as well as combination of tracts.
Buyer’s Premium: A 2% buyer’s premium will be added to the final bid price and
included in the contract purchase price.

DOWN PAYMENT: 10% down payment on the day of the auction for individual tracts
or combinations of tracts. The down payment may be made in the form of cashier’s
check, personal check, or corporate check. YOUR BIDDING IS NOT CONDITIONAL
UPON FINANCING, so be sure you have arranged financing, if needed, and are capable
of paying cash at closing.

ACCEPTANCE OF BID PRICES: All successful bidders will be required to enter into
Purchase Agreements at the auction site immediately following the close of the auction.
All final bid prices are subject to the representation of the Sellers’ acceptance or
rejection.

DEED: Seller shall provide Warranty Deed(s).
CLOSING: The balance of the real estate purchase price is due at closing, which will
take place on or before 30 days after auction, or as soon thereafter as applicable closing
documents are completed by seller.

POSSESSION: Possession is at closing.

FARMING RIGHTS: Buyer will have all 2025 farming rights.

REAL ESTATE TAXES: Real estate taxes will be pro-rated to the date of closing.
Survey: The Seller shall provide a new survey where there is no existing legal
description or where new boundaries are created by the tract divisions in this auction.
Any need for a new survey shall be determined solely by the Seller. Seller & successful
bidder shall each pay half (50:50) of the cost of the survey. The type of survey performed
shall be at the Sellers option & sufficient for providing title insurance. Combination
purchases will receive a perimeter survey only.

BUILDING SITES: For purpose of building sites, it is the buyer’s responsibility to check
with the Dekalb County Planning Commission and Health Departments.

PROPERTY INSPECTION: Each potential Bidder is responsible for conducting, at their
own risk, their own independent inspections, investigations, inquiries and due diligence
concerning the property. Inspection dates have been scheduled and will be staffed with
auction personnel. Further, Seller disclaims any and all responsibility for Bidder’s safety
during any physical inspection of the property. No party shall be deemed an invitee of
the property by virtue of the offering of the property for sale.

ACREAGE: All tract acreages, dimensions, and proposed boundaries are approximate
and have been estimated based on current legal descriptions and/or aerial photos.
AGENCY: Schrader Real Estate & Auction Company, 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
Purchase Agreement. The property is being sold on an “AS IS, WHERE IS” basis, and
no warranty or representation, either expressed or implied, concerning the property is
made by the Seller or the Auction Company. All sketches and dimensions in the
brochure are approximate. Each potential bidder is responsible for conducting his or her
own independent inspections, investigations, inquiries, and due diligence concerning the
property. The information contained in this brochure is subject to verification by all
parties relying on it. No liability for its accuracy, errors, or omissions is assumed by the
Seller or the Auction Company. Conduct of the auction and increments of bidding are at
the direction and discretion of the Auctioneer. The Seller and Selling Agents reserve the
right to preclude any person from bidding if there is any question as to the person’s
credentials, fitness, etc. All decisions of the Auctioneer are final.
ANY ANNOUNCEMENTS MADE THE DAY OF THE SALE TAKE PRECEDENCE
OVER PRINTED MATERIAL OR ANY OTHER ORAL STATEMENTS MADE.

auction-brochure Click to Download