96.5+/- ACRES WITH HOME, OUTBUILDINGS, & PONDS
OFFERED IN 2 TRACTS & ENTIRETY
2555 STATE ROAD 62E – BOONVILLE, IN
LIVE AUCTION with online bidding option:
Wed., Oct. 27th at 6 PM
AUCTION LOCATION: Funxion Events, located at 112 E. Main St., Boonville, IN.
SHOWING: Sunday, October 17th from 1 to 3 pm.
Showings at other times can be scheduled by calling the auction company at (812) 474-6100.
PROPERTY DIRECTIONS: The property is located on State Road 62, east of downtown Boonville.
The real estate will be offered in 2 tracts as follows:
Tract #1: Consists of a highly desirable rural residential lot with nice shade trees and containing 4.5 +/- acres improved with a 1,680 sf modular home with a crawl space foundation that was built in 1999. The 3 bedroom, 2 bath home is in very poor condition. This tract is further improved with 2 grain bins & several outbuildings, including a 30’ x 45’ x 12’ metal barn with dirt floor. This tract also has 2 small ponds, a septic system, city water & gas. This tract is conveniently located east of Boonville, IN.
Tract #2: Consists of 92 + /- acres. Exact FSA tillable acreage information is unavailable, but the vast majority of the tract is tillable. The parcel is further improved with a pole barn that is in poor condition. The soils are primarily Hosmer, Markland silt & Wakeland.
SIMULCAST AUCTION PROCESS: The real estate will be offered in a simulcast auction, which is a live, on-site auction with real time online bidding. Potential buyers can bid in the manner that is most convenient for them: either on-site at the live auction or online at www.curranmiller.com.
ABBREVIATED TERMS: The real estate shall sell subject to the owner’s approval. A 6% Buyer’s Premium will be added to the high bid to establish the contract purchase price. A 5% earnest money deposit is due on auction day for on-site bidders and within 24 hours of auction conclusion for online bidders with the balance due within 45 days. The purchaser shall assume the real estate taxes due and payable in May 2022. Possession will be given at final closing, subject to the current tenant’s farm rights. The purchaser shall receive the 2021 cash rent. The seller will convey any mineral rights she owns. Any fee (typically $250 - $300) charged by a title company or escrow agent to close the transaction will be split evenly between buyer & seller. See the terms tab above for complete terms.
SELLER: Ms. Dawn Scales
EARNEST MONEY:
• A 5% earnest money deposit is due on auction day for on-site bidders and within 24 hours of auction conclusion for online bidders with the balance due within 45 days.
BUYERS PREMIUM:
• A 6% Buyer’s Premium will be added to the high bid to establish the contract purchase price.
REAL ESTATE TAXES:
• Purchaser shall assume the real estate taxes due & payable in May, 2022.
CLOSING & POSSESSION:
• Possession will be given at final closing, subject to the current tenant’s farm rights.
• Any fee charged by a title company or escrow agent to close the transaction (typically $250 to $300) shall be split evenly between buyer & seller.
• This live auction is not contingent on or subject to financing, appraisal, survey or inspections of any kind, as agreed to by Bidder and or Buyers at registration prior to bidding.
• Real estate shall sell subject to owners’ approval.
• The purchaser shall receive the 2021 cash rent.
MINERALS, EASEMENTS, & ZONING:
• The seller will convey any mineral rights she owns.
• The sale of this property is subject to any and all easements of record.
• The sale of this property is subject to all state and local zoning ordinances.
SURVEY:
• If the real estate does not sell in its entirety to a sole bidder, a survey will be provided to the buyers to establish the new legal descriptions. This cost, if needed, will be covered by the seller.
• Parcel dimensions and acreages are based on legal descriptions & public records
• Aerial photos are for illustration purposes only and not surveyed boundary lines.
INSPECTION, DUE DILIGENCE, ABSENCE OF WARRANTIES, & MISC. TERMS:
• Curran Miller Auction / Realty, Inc., Agents and Representatives are agents of the Seller. Buyer and or Bidder agrees to hold harmless and indemnify Curran Miller Auction / Realty, Inc. and its Agents and its Representatives from any and all claims, damages or suits including but not limited to awards, judgments, costs, fees, etc.
• Please check for updated information prior to scheduled auction time to inspect any changes, corrections, or additions to the property information. All information contained in this information packet and all related materials are subject to the terms and conditions outlined in the Contract for Sale of Real Estate 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 Curran Miller Auction / Realty, Inc., Agents or Representatives. 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 the brochure and on the website is subject to verification by all parties relying on it. No liability for its accuracy, errors, or omissions is assumed by the Seller, Curran Miller Auction / Realty, Inc., Agents or Representatives. Conduct of the auction and increments of bidding are at the direction and discretion of the Auctioneer. All decisions of Curran Miller Auction / Realty, Inc. are final. Any dispute between Curran Miller Auction / Realty, Inc., its Agents or Representatives and the Buyer(s) will be tried in a court of jurisdiction in Vanderburgh County, Indiana. By bidding on the property, buyer agrees to all terms and conditions set forth.
• Buyer and or Bidder agrees to hold harmless and indemnify Curran Miller Auction / Realty, Inc. and its Agents, Owners, Directors, Employees and its Representatives from any and all claims, damages or suits including but not limited to awards, judgments, costs, fees, etc.
• Any and all announcements made day of auction take precedence over previously stated terms.
SELLER: Ms. Dawn Scales