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78.86 Acres in Porter County, IN |

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  78.86 Acres
Portage Township, Porter County, IN
   Auction
  June 15, 2015 3:00 AM CT
SKJ Farm (First Merchants Bank)

General Info

General Information

Total Acres 78.86

Tracts 1

Type of Sale Auction

Farm Name SKJ Farm (First Merchants Bank)

Status closed

HLS Number LAS - 11598

Key Features Farmland Zoned R-2

Location Portage Township, Porter County, IN


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Property Information

Farm Name SKJ Farm (First Merchants Bank)

Type of Operation Transitional

Current Zoning R2

School System Portage Township Schools

Annual Taxes 2,546.05 Prorated Credit

Topography Level

Soil Whitaker Loam, Milford Silty Clay, Sebewa Loam, Del Rey Silt Loam

Building Description N/A

Property Location

Region IN

General Location Located east of McCool Rd, .25 mile north of CR 875 N.

Legal Description 78.86 acres, more or less, located in the SW 1/4 of S18 and part of the NW corner of S19, T36N, R6W, Portage Twp, Porter County, State of Indiana.

Auction Info

Real Estate Auction Information

Start Auction Date June 25, 2015

Start Auction Time 6:30 PM CT

Open Houses

Open Houses

No Open Houses.

Acreage Info

Acreage Information

Tillable Acres 36.000

Non-Tillable Acres 33.800

Wooded Acres 9.000

Videos & Photos

Videos & Photos

SKJ Farm (First Merchants Bank)

Terms

Terms & Conditions

Terms & Conditions METHOD OF SALE: Halderman Real Estate Services, Inc. (HRES, IN Auct. Lic. #AC69200019) will offer this property at public auction on June 25, 2015. At 6:30 PM CST, 78.86 acres, more or less, will be sold at the Woodland Park Inn, Portage, IN. This property will be offered as one single unit. Each bid shall constitute an offer to purchase and the final bid, if accepted by the Sellers, shall constitute a binding contract between the Buyer(s) and the Sellers. The auctioneer will settle any disputes as to bids and his decision will be final. To place a confidential phone, mail or wire bid, please contact Larry Smith at 219-362-4041, Julie Matthys at 574-310-5189, or Mike Gentry at 219-851-7672 at least two days prior to the sale. ACREAGE: The acreages listed in this sale bill are estimates taken from the county assessor’s records, FSA records and/or aerial photos. SURVEY: The Sellers reserve the right to determine the need for and type of survey provided. If an existing legal description is adequate for title insurance for the tract, no new survey will be completed. If the existing legal description is not sufficient to obtain title insurance, a survey will be completed, the cost of which will be shared 50/50 by the Sellers and the Buyer(s). The Sellers will choose the type of survey to be completed and warrant that it will be sufficient to provide an owner’s title insurance policy for the tract. If a survey is completed, the purchase price for the surveyed tract will be adjusted, up or down, to the exact surveyed acres. The price per acre will be the auction price bid for the tract, divided by the tract acreage estimated in the auction sale bill. DOWN PAYMENT: 10% of the accepted bid down on the day of the auction with the balance due at closing. The down payment must be in the form of personal check, cashier’s check, cash or corporate check. YOUR BIDDING IS NOT CONTINGENT UPON FINANCING. BE SURE YOU HAVE FINANCING ARRANGED, IF NECESSARY, AND ARE CAPABLE OF PAYING CASH AT CLOSING. APPROVAL OF BIDS: The Sellers reserve the right to accept or reject any and all bids. All successful bidders must enter into a purchase agreement the day of the auction, immediately following the conclusion of the bidding. Successful bidder must execute purchase agreements on tract exactly as it has been bid. DEED: The Sellers will provide a Special Warranty Deed at closing. EVIDENCE OF TITLE: The Sellers will provide an Owner’s Title Insurance Policy to the Buyer(s). Each Buyer is responsible for a Lender’s Policy, if needed. If the title is not marketable, then the purchase agreement(s) are null and void prior to the closing, and the Broker will return the Buyer’s earnest money. CLOSING: The closing shall be on or about July 31, 2015. The Sellers have the choice to extend this date if necessary. POSSESSION: Possession of land will be at closing subject to the current farm lease. FARM INCOME: The Seller will receive a $1,200 credit for the fall cash rent payment. REAL ESTATE TAXES: Real estate taxes are $4,599.08. The Seller will pay the real estate taxes prorated to the day of closing. The Buyer will pay taxes prorated from the date of closing and all taxes thereafter. MINERAL RIGHTS: All mineral rights owned by the Sellers will be conveyed to the Buyer(s). PROPERTY INSPECTION: Each potential Bidder is responsible for conducting, at their own risk, their own independent inspections, investigation, inquiries and due diligence concerning the property. Further, Sellers disclaim any and all responsibility for bidder’s safety during any physical inspections of the property. No party shall be deemed to be invited to the property by HRES or the Sellers. AGENCY: Halderman Real Estate Services Inc., Russell D. Harmeyer, Auctioneer, and their representatives, are exclusive agents of the Sellers. DISCLAIMER: All information contained in this brochure and all related materials are subject to the Terms and Conditions outlined in the purchase agreement. This information is subject to verification by all parties relying upon it. No liability for its accuracy, errors or omissions is assumed by the Sellers or HRES. All sketches and dimensions in this brochure are approximate. ANNOUNCEMENTS MADE BY HRES AND/OR THEIR AUCTIONEER AT THE AUCTION DURING THE TIME OF THE SALE TAKE PRECEDENCE OVER ANY PREVIOUSLY PRINTED MATERIALS OR ANY OTHER ORAL STATEMENTS MADE. The property is being sold on an “AS IS, WHERE IS” basis, and no warranty or representation, either express or implied, concerning the property is made by the Sellers or HRES. Each prospective bidder is responsible for conducting his/her independent inspections, investigations, inquiries and due diligence concerning the property. Except for any express warranties set forth in the sale documents, Buyer(s) accepts the property “AS IS,” and Buyer(s) assumes all risks thereof and acknowledges that in consideration of the other provisions contained in the sale documents, Sellers and HRES make no warranty or representation, express or implied or arising by operation of law, including any warranty for merchantability or fitness for a particular purpose of the property, or any part thereof, and in no event shall the Sellers or HRES be liable for any consequential damages. Conduction of the auction and increments of bidding are at the direction and discretion of HRES and/or the auctioneer. The Sellers and HRES 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 HRES and/or the auctioneer are final.

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Contact Information

Larry Smith
Larry Smith
Real Estate Agent
 

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