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548.17 Acres in Hendricks County, IN |

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Bids DUE Monday, June 17, 2024 by 5 pm ET to the Halderman Real Estate, 1700 N Cass Street, Wabash, IN 46992. To request a bidder's packet, please contact Todd Litten at 812-327-2466 or toddl@halderman.com.
  548.17 Acres
Franklin Township, Hendricks County, IN
   Auction
Simmons/Hopkins/Ray

General Info

General Information

Total Acres 548.17

Tracts 4

Type of Sale Auction

Farm Name Simmons/Hopkins/Ray

Status new

HLS Number TML - 13008

Key Features Tract 1: Nice home in private setting overlooking lake, excellent cropland, quality pasture, large barn and grain storage. Tracts 2-4: Quality farm land located just north of Stilesville; nice home in rural setting yet close to town and HWY 40.

Location Franklin Township, Hendricks County, IN


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Property Information

Farm Name Simmons/Hopkins/Ray

Current Zoning A1_Agricultural

School System Mill Creek Community Schools

Annual Taxes 2023 pay 2024 for the Corporation (Tract 1): 2023 pay 2024 for the Trusts (Tracts 2-4):

Topography Level To Gently Rolling

Soil Crosby silt loam, Treaty silty clay loam, Miami silt loam, Fincastle silt loam; PI 156.9 Trusts: Genessee silt loam, Shoals silt loam: PI 129

Building Description Corporation (Tract 1): Located at 4656 Tudor Rd, Stilesville: lake with boathouse; 1½ story frame home approx. 3,876 sf; 3 bedroom, 3 bath, 2 car attached garage (built ~ 1977), ~ 96' x 150' pole barn, 5 grain bins. Trusts (2-4): Located at 7584 S CR 550 W, Stilesville, IN 1,776 sf frame home with unfinished basement; 3 bedrooms, 2 baths, LP gas heat, central air, well & septic. There is also a 32' x60' pole barn (built ~ 1960), and a 48' x 106' pole barn (built ~1975).

Property Location

Property Address 7584 S CR 550 W, Stilesville, IN 46180

Region IN

General Location Tract 1: is in 2 locations, part of 4656 Tudor Road, Stilesville, IN 46180 and part north of Hwy 40 on S CR 625 W. Tracts 2-4: north of Hwy 40 at 7584 S CR 550 W, Stilesville, IN 46180

Legal Description The James & Wanda Ray Farms, Inc. corporation land located in part of the NE¼NE¼ of Section 24, in part of the N½NE¼ Section 35, and in Section 26 (Street address is 4656 Tudor Road, Stilesville); and the Karen J. Simmons and Kristie A. Hopkins Trusts ~203.77 acres, located in part of the SW¼ of Section 15 and in the E½SE¼ of Section 16, (street address is 7584 S CR 550 W, Stilesville), all in T14N, R2W; Franklin Township, Hendricks County, Indiana

Auction Info

Real Estate Auction Information

Start Auction Date June 17, 2024

Start Auction Time 5:00 PM ET

Open Houses

Open Houses

Date May 29, 2024

Time 4:00 PM ET - 6:00 PM ET

Date June 10, 2024

Time 4:00 PM ET - 6:00 PM ET

Acreage Info

Acreage Information

Tillable Acres 434.450

Non-Tillable Acres 4.400

Wooded Acres 40.000

Pond / Lake Acres 9.000

Home Acres 2.000

Pasture Acres 46.500

Building Site Acres 2.750

Other Acres 9.000

Other Acres Notes Consists of waterways, grass, tree lines, field edges, creek

Videos & Photos

Videos & Photos

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Terms

Terms & Conditions

Terms & Conditions PLEASE READ AND REVIEW THE REAL ESTATE TERMS THOROUGHLY PRIOR TO BIDDING ON ANY PROPERTY. IF YOU HAVE NOT READ OR DO NOT UNDERSTAND THESE TERMS, DO NOT BID. BY BIDDING ON THE PROPERTY, BUYER AGREES TO ALL TERMS AND CONDITIONS SET FORTH AND ENTERS INTO A CONTRACTUAL AGREEMENT TO PURCHASE THE PROPERTY UNDER THE FOLLOWING TERMS AND CONDITIONS: METHOD OF SALE: Halderman Real Estate Services, Inc. (HRES, IN Auct. Lic. #AC69200019) will offer two farms totaling 548.17 total acres in Hendricks County at Dual Sealed Bid Auctions. James & Wanda Ray Farms, Inc. will offer their corporate stock shares. The corporation owns 344.4 acres more or less, and will be offered in one (1) tract. Additionally, 203.77 acres more or less, will be offered in three tracts (Tracts 2-4) by the Karen J. Simmons Trust and Kristie A. Hopkins Trust. Bids for these sealed bid auctions must be received no later than June 17, 2024 at 5:00 PM EST. Each bid shall constitute an offer to purchase and the final bid, if accepted by the Seller, shall constitute a binding contract between the Buyer(s) and the Seller. HRES will offer these parcels as individual tracts only, there will be no combinations. BID OFF: The sellers reserve the right to offer the top two bidders the opportunity to raise their bid, in hopes to be the high bidder, via communication with the selling broker. Final sale decisions will be made and successful bidders will be notified by 12:00 PM EST on Friday June 21, 2024. The auctioneer will settle any disputes as to bids and their decision will be final. BID FORMAT: Bid packets will be provided upon request outlining the procedures and will include a purchase agreement. All bids must be received (not postmarked) by US MAIL to PO Box 297, Wabash, IN 46992; hand delivered to Todd Litten at 8259 N Mt Tabor Road, Ellettsville, IN 47429-9206; or emailed to haldermanauction@halderman.com. If emailed, ask for confirmation of receipt. All bids must be received by 5:00 PM EST on June 17, 2024. TRACT BREAKDOWN: Tract 1 is in 2 locations, part at 4656 Tudor Road, Stilesville and part north of Highway 40 on S County Road 625 W. Tracts 2-4 are located north of Highway 40 at 7584 S County Road 550 W, Stilesville, IN. ACREAGE: The acreages listed in this brochure are estimates taken from the county assessor’s records, FSA records and/or aerial photos. SURVEY: There will be no survey unless required for clear title. If the existing legal description is not sufficient to obtain marketable title, a survey will be completed, the cost of which will be shared equally between the Buyer and the Seller. The Seller will choose the type of survey to be completed and warrant that it will be sufficient to provide marketable title 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 brochure. TERMS OF SALE: 10% of the bid down upon acceptance of the bid with the balance due at closing. The down payment must be in the form of personal check, cashier’s check, corporate check or wire. 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 Seller reserves the right to accept or reject any and all bids for any reason. All persons submitting a sealed bid must be at least 18 years of age or older and have full authority to bid on the property either solely or as a representative of the bidding entity. The successful bidder(s) will enter into a purchase agreement immediately upon acceptance of their sealed bid. CLOSING: The closing shall be on or before July 31, 2024. The Seller has the choice to extend this date if necessary. POSSESSION: Possession of the buildings will be at closing. Possession of the land will be at closing, subject to the tenant’s rights to the 2024 crop. FARM INCOME: The fall cropland rental payment for the James & Wanda Ray Farms, Inc. (Tract 1) due November 1, 2024 will go to the buyer of the corporation. There is no pasture rental income. The buyer of Tracts 2 and 3 will receive a prorated share of the 2024 farm income. The buyer of Tract 4 will not receive any farm income. REAL ESTATE TAXES: The Sellers will pay 2023 taxes due and payable in 2024. 2024 taxes due and payable in 2025 will be prorated to the day of closing. DITCH ASSESSMENT: 2024 ditch assessments will be prorated to the day of closing. OPEN HOUSES: Wednesday, May 29 from 4:00 PM – 6:00 PM and Monday, June 10, 2024 from 4:00 PM – 6:00 PM NO CONTINGENCIES: This Real Estate contract is not contingent on or subject to Buyer’s financing, appraisal, survey or inspections of any kind or any other contingencies. Transfer Documents: The Seller will provide a transfer of shareholder stock certificates for the James & Wanda Ray Farms, Inc. (Tract 1) at closing. Buyer(s) of Tracts 2-4 will receive a Trustee’s Deed at closing. TITLE: The Seller will provide an Owner’s Title Insurance Policy for Tracts 2 - 4 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. The buyer of the James & Wanda Ray Farms, Inc. (Tract 1) , will receive the results of a title search ZONING AND EASEMENTS: Property is being sold subject to any and all easements of record. Property is subject to all state and local zoning ordinances. MINERAL RIGHTS: All mineral rights owned by the Seller will be conveyed to the Buyer(s). PERSONAL PROPERTY: No personal property is included in the sale of the real estate. AGENCY: Halderman Real Estate Services and their representatives, are exclusive agents of the Seller. CONDITION OF PROPERTY: Property is sold in 'AS IS, WHERE IS' condition. Halderman Real Estate Services, Inc, the Seller nor their representatives, agents, or employees make no express or implied warranties or representations of any kind. Each potential bidder is responsible for conducting his or her own independent inspections, investigations, inquiries, and due diligence concerning the property prior to bidding on the subject property. Further, Seller disclaims any and all responsibility for prospects safety during any physical inspection of the property. No party shall be deemed an invitee by virtue of the offer of the property for sale. All information presented in the brochure, website, and all other mediums is subject to verification by all parties relying on it. All sketches and dimensions are approximate. No liability for its accuracy, errors, or omissions is assumed by the Seller, Halderman Real Estate Services, Inc. or their Agents or Representatives. Buyer and or Bidder agrees to hold harmless and indemnify Halderman Real Estate Services, Inc. and their Agents and their Representatives from any and all claims, damages or suits including but not limited to awards, judgments, costs, fees, etc. BID RIGGING: Bid Rigging is a Federal Felony. Auctioneer will report illegal activity by any person to the FBI for investigation and prosecution. Title 15, Section 1 of the U.S. Code makes any agreement amongst potential bidders not to bid against one another, or to otherwise dampen bidding, illegal. The law provides for fines up to $100,000,000 for a corporate offender and $1,000,000 for an individual, plus imprisonment of up to 10 years. Don’t take the chance. AERIAL PHOTOS, IMAGES AND DRAWINGS: For illustration purposes only and not surveyed boundary lines unless specified. DISCLAIMER: All information included herein was derived from sources believed to be correct, but is not guaranteed. NEW DATA, CORRECTIONS, and CHANGES: Please check for updated information prior to scheduled auction time to inspect any changes, corrections, or additions to the property information. YOUR BID ON THIS AUCTION INDICATES BOTH AN UNDERSTANDING AND AN ACCEPTANCE OF THE TERMS OF THIS CONTRACTUAL AGREEMENT BETWEEN YOU, THE SELLER AND HALDERMAN REAL ESTATE SERVICES, INC. AND THAT YOU, AS THE BIDDER, ARE PREPARED TO PURCHASE THE PROPERTY UNDER THE TERMS AND CONDITIONS OF THIS AUCTION.

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Contact Information

Todd Litten
Todd Litten
Farm Manager, Real Estate Agent
 

Download Brochures / Forms

Other Documents

Soils Map - Tract 1 South
Soils Map - Tract 1 North
Soils Map - Tract 2
Soils Map - Tract 3
Soils Map - Tract 4
Tract Map
 

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