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271.94 Acres in Miami County, IN |

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Sold. ...Sold. ...Sold The auction team was in Miami County tonight offering an excellent quality farm. A great crowd was on hand to compete for the opportunity to purchase all or part of this outstanding farm. With interest in various combinations and the whole farm, the price escalated very quickly. After several increases in the bid, the final selling price of $1,730,000 or $6,383 per acre was determined. Congratulations to all who attended the auction, and thanks to everyone who attended the auction.
  271.94 Acres
Erie Township, Miami County, IN
   Auction
  June 17, 2016 12:00 AM ET
Deveny Farm

General Info

General Information

Total Acres 271.94

Tracts 4

Type of Sale Auction

Farm Name Deveny Farm

Status closed

HLS Number AJJ - 11789

Key Features Excellent Quality Farmland

Location Erie Township, Miami County, IN


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Property Information

Farm Name Deveny Farm

Type of Operation Farm

Current Zoning Agricultural

School System Peru Community Schools

Annual Taxes $7,945.82

Topography Level

Soil Gessie Silt Loam, Shoals Silt Loam

Property Location

Region IN

General Location 5 miles east of Peru, IN

Legal Description 271.94 acres, more or less, located in Sections 19, 20, 21 & JB Richardville Reserve, all in T27N, R5E, Erie Twp, Miami County, State of Indiana.

Auction Info

Real Estate Auction Information

Start Auction Date July 14, 2016

Start Auction Time 6:30 PM ET

Open Houses

Open Houses

No Open Houses.

Acreage Info

Acreage Information

Tillable Acres 240.420

Non-Tillable Acres 27.020

Wooded Acres 3.000

Other Acres 1.500

Videos & Photos

Videos & Photos

Deveny Farm

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 July 14, 2016. At 6:30 PM, 271.94 acres, more or less, will be sold at the Miami County Fairgrounds Community Building, Peru, IN. This property will be offered as one single unit, in tracts or in combination. 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 AJ Jordan at 317-697-3086 or Larry Jordan at 765-473-5849 at least two days prior to the sale. ACREAGE: The acreages listed in this brochure 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 a tract or tracts, 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(s). If a survey is completed, the purchase price for the surveyed tract(s) 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 brochure. Combination purchases will receive a perimeter survey only. 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 bidders must execute purchase agreements on tracts exactly as they have been bid. Combo bids will not be split into separate purchase agreements. DEED: The Sellers will provide a 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. FARM INCOME: Buyer(s) will receive a credit at closing for $100 per tillable acre for half of the 2016 cash rent. CLOSING: The closing shall be on or about September 2, 2016. The Sellers have the choice to extend this date if necessary. POSSESSION: Possession of land will be as of the completion of the 2016 crop harvest. REAL ESTATE TAXES: Real estate taxes are $7,945.82. The Sellers will pay the 2015 taxes due and payable in 2016. Buyer(s) will be given a credit at closing for the spring installment of the 2016 taxes due and payable in 2017 and will therefore be responsible for the taxes when they become due in the spring. 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 Jordan
Larry Jordan
Farm Manager, Real Estate Agent, Certified General Appraiser
 
AJ Jordan
AJ Jordan
Farm Manager, Real Estate Agent, Certified General Appraiser
 

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