Jasper Co IN 135± Acres In 2 Tracts
Date | April 16, 2024, 1:00 pm (America/Chicago) |
---|---|
Tracts | 2 |
Status | Sold |
Type | Live with online bidding |
Terms | Reserve |
Auction Location | eMbers Venue, 230 W Washington St, Rensselaer, IN 47978 |
Entire Farm Description:
Here’s a nice income producing farm with tillable ground, woods, hunting, and possible future home sites that has been owned by the same family for over 125 years! This larger, 135-acre parcel is located in Jasper County, Indiana and has a Rensselaer mailing address. It’s in a convenient and desirable location just about 5 miles south of Wheatfield, Indiana and 10 miles north of downtown Rensselaer. Commuting to some of the larger shopping areas or to some nearby major cities is not that difficult with State Road 49 and US Highway 231 just minutes away and I-65 less than 10 miles away. With these travel options, a drive to Chicago is under 1.5 hours and to Indianapolis in less than 2.5 hours. This piece of land has many unique and desirable features and different uses so it could provide benefits to many different types of buyers. Clearly the 90 plus acres of tillable farm ground is the cornerstone of the property. Consisting of some sandy loam soils and drained muck soils it has been a consistent producer of corn and bean crops. A central drainage ditch and a low area on the north side may allow for some improved drainage of even a great pond site for water retention and as a desirable improvement to the property. The balance of the property supports a great mix of woods and mature timber including several species of oaks, hickory, cherry, walnut, and other hard and softwood trees. Much of the 2000+ feet of road frontage is all wooded with the timber stretching out into the farm fields with some attractive cuts and fingers. This could also be a good real estate investment with increased land values and residential building in this area. Many land buyers and home builders have sought out properties in quaint farming towns like this one for their future homesite. You get the privacy, seclusion and benefits that rural towns and county living offer but the convenience and amenities you can utilize in just a short drive and easy road access.
Tract 1 Description:
This 85 +/- acre tract is a perfect mix of good producing tillable farm ground, wide open spaces, and wooded acreage and future opportunities. With this you will have a property that offers a good balance in a multi-use or investment property. With almost 50 acres of tillable farm ground, it has been a reliable producer with consistent yields and steady income from cash rent or a nice addition to your current farming operation. It may also be some of the property's other features that you may find more appealing with the current or potential uses. In addition to the farm ground, the balance of the property consists of approximately 35 acres of timber and woods lining the 1300 feet of road frontage. It’s a mix of hardwood and softwood trees with varying age structure. With gently varying changes in the elevation and topography and several fingers and cuts where the woods reach out or recede in and out of the adjacent farm ground create some interesting and appealing natural features. Because of the diverse and natural habitat, the property is attractive to deer, turkey and other wildlife. It is also a great property for hunting and recreational use. Additionally, its location and the presence of some newer residential building in the area suggest that this property may also be a good place for your future home or hobby farms. It is not very often that a property of this size and so many potential opportunities and uses becomes available. If a larger or smaller piece of land fits your need better, there is also a 50-acre parcel with a farm ground and timber mix that could be purchased together with this one or by itself.
Tract 2 Description:
Offered for auction is a nice, 50 +/- acre, mixed-use property which offers a lot of opportunity and benefits to the future owner. The first of many is the FSA reported 45.68 acres of productive farm ground. Consisting of some loamy sand and drained muck soils, and Weighted Average Productivity Index (WAPI) of 131.1, it could add some additional acres to your current farming operation or be a source of consistent and reliable income for the new owner. Located in Jasper County, Rensselaer, Indiana and in an area of predominant farming with some existing rural residential homes as well as newer homes and hobby farms. With a nice mix of production farm ground, a section of mature timber and brush and a small wetland area, this property is suited for many purposes. Of course, farming or farming income is a big benefit but hunting, recreation, conservation or for a future homesite are also possible uses. It has excellent paved road frontage and good access and several spots that could be suitable building sites. Being split off of a larger 135-acre property, there is also a 85 acres tract available as well.
IN COOPERATION WITH WHITETAIL PROPERTIES REAL ESTATE LLC (RC51300040)
Dan Bates Jr, Ranch & Farm Auctions (RC52000047), Indiana Broker License # RB14027345
Joe Gizdic, Director, Ranch & Farm Auctions, 217.299.0332
Rob Styka, Indiana Land Specialist, Whitetail Properties Real Estate, LLC, 219.267.1966
Cody Lowderman, IN Auctioneer, AU11100014
Whitetail Properties Real Estate
Thank you for participating in this auction. Please familiarize yourself with the terms and conditions as all sales are final and irrevocable. The terms of sale are non-negotiable. Good luck and good bidding!
Registration at the auction (online and/or in person) finalizes each bidder's agreement to the terms and conditions of sale as stated in the Contract and its Addenda which are incorporated by reference into your bidding. Do not bid until you have read and agree to the terms and conditions. By bidding you are representing that you have read and agree to be bound by the terms and conditions for this sale as stated herein. DO NOT BID unless you have registered, received a Bidder's Card or paddle number and have read and agreed to be bound by the terms of sale in the Contract as they are enforceable against you upon becoming a high bidder. The successful bidder will be required to execute a Sales Agreement at the conclusion of the auction and submit the appropriate down payment in a timely manner as instructed by the Auctioneer.
All properties are sold "AS IS, WHERE IS" with no financing, inspection or other contingencies to sale. The Broker and Auction Company represent the seller only and do not inspect properties on the bidder's behalf. Read the Contract and Auction Day Notes to determine the existence of any disclosures, exclusions, representations and disclaimers. Do not bid if you have not inspected the property(ies). By bidding you agree to all disclosures.
Buyers receive a deed and Title Insurance Policy as provided by the Closer indicated in the Contract (any mobile/manufactured housing not legally affixed to the property shall only be conveyed by a Hold Harmless Agreement or Quitclaim Bill of Sale unless otherwise noted in the Disclosures). The current year's taxes are prorated through the day of closing as is customary unless otherwise noted or announced on sale day.
Or in abstract states, the seller shall provide a continuation of the abstract of title thru the date of sale for the buyer or buyers attorney to examine.
The sale of this property may be subject to a Buyer's Premium, which will be added to the high bid and included in the total purchase price. Please see the Auction Day Notes, The Contract for Sale, and/or the Auctioneer for specifics about the property you wish to bid on.
Tracts sold by the acre - The contract will indicate the current acreage, bid per acre and the high bid will be the current acreage multiplied by the high bid per acre. If a survey is required prior to closing that would result in a change to acreage, the contract will be adjusted to that acreage prior to closing and the purchase price will reflect that change in acreage.
If a survey is required, it is typically done immediately following the auction. The per acre bid at auction will then be multiplied by actual surveyed acres to determine the final sales price at closing. The purchase agreement and sales day announcements will identify the party responsible for survey cost.
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