Upcoming239.921 +/- Acres Offered In 5 Tracts In Miami Co, IN - 239.921 Acres

AuctionUpcoming
Auction Date6December

239.921 Acres / Miami County, IN

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Auction Location:101 Park Road, Galveston, IN 46932

Auction Type:Reserve

Auction starts in:02 months, 00 days 04 hours 05 minutes

Auction Date:

Auction Date: 12/06/2022, Auction Time: 11:00 AM EDT

Auction Location: Galveston Community Center, 101 Park Road, Galveston, IN 46932

Entire Farm Description:

A rare opportunity to own this multitrack, multigenerational farm. At 239.921+/- acres, this prime tillable ground could be a great addition to your existing farming operation or investment portfolio. Located in southern Miami County just 8 miles northeast of Kokomo, this farm will be offered in 5 different tracts which include mostly tillable land, a barn/bin site and potential building locations. All 5 of these properties lay within 3 miles of one another and have great county road frontage for easy access with large farm equipment. With an average NCCPI of 72.05 with the primary soil types being silty clay loam and silt loam, these farms are highly productive cropland and are currently in a corn/soybean crop rotation.

Tract 1 Description

This 36.99+/- acre tract is located on the north side of County Road E 1000 S. 35.4+/- acres of tillable ground with an average NCCPI of 68.89 featuring Pewamo Silty Clay Loam, Blount Silt Loam and Glynwood Silt Loam soils. This smaller tract would make a nice addition to an existing farming operation. Klise Ditch splits the property down the middle. There is established access across the ditch located in the middle of the property. Also, located on the southern portion of the farm is an established and well-maintained grass waterway. This farm offers nearly 900ft of county road frontage which provides great access for farm equipment.

Details:

Tract #: 1

Deeded acres: 36.99+/-

FSA Farmland Acres: 40.30

DCP Cropland Acres: 35.77

Soil Types: Pewamo Silty Clay Loam, Blount Silt Loam & Glynwood Silt Loam

Soil PI/NCCPI/CSR2: NCCPI 72.1

Base acres: Corn base acres 17.6 acres/soybean base acres 17.6 acres

CRP Acres/payment: N/A

Taxes: $561.16

Lease Status: Open tenancy for 2023 crop year

Possession: Immediate possession subject to current tenants’ rights for 2022

Survey needed: No survey is needed

Brief Legal: 004-09618-00 PT SW1/4 10-25-04 36.99 ACRES

PIDs: 52-14-10-300-006.000-004

Lat/Lon: 40.6235 / -86.0689



Tract 2 Description

This 79.36 +/- acre tract is located on the west side of S Strawtown Pike where it bends to head back north. Climer Cemetery sits at the far northeast corner of the property. 76.53+/- tillable acres with an average NCCPI of 66.46 featuring Blount Silt Loam, Pewamo Silty Clay Loam and Glynwood Silt Loam soils. This large farm would make a great addition to your existing farming operation or investment portfolio. Shrock Ditch runs through the eastern portion of the farm, but there are established accesses located in the middle of the field to access the western tillable acreage of the property. Access to this farm is located at the far northeast corner, next to the cemetery where S Strawtown Pike makes a curve in the road.

Details:

Tract #: 2

Deeded acres: 79.36

FSA Farmland Acres: 80.32

DCP Cropland Acres: 76.72

Soil Types: Blount Silt Loam, Pewamo Silty Clay Loam, Glynwood Silt Loam

Soil PI/NCCPI/CSR2: NCCPI 71.2

Base acres: Corn base acres 38.2 acres/soybean base acres 37.9 acres

CRP Acres/payment: N/A

Taxes: $1274.58

Lease Status: Open tenancy for 2023 crop year

Possession: Immediate possession subject to current tenants’ rights for 2022

Survey needed: No survey is needed

Brief Legal: 004-22403-00 N1/2 NE1/4 22-25-04 79.36

PIDs: 52-14-22-100-001.000-004

Lat/Lon: 40.6054 / -86.0568



Tract 3 Description:

This 44.461+/- acre tract is located near State Road 18 and Strawtown Pike. This farm sits just a half mile north of Wawpecong. 44.461+/- tillable acres with an average NCCPI of 66.09 featuring Blount Silt Loam, Pewamo Silty Clay Loam and Glynwood Silt Loam soils. This tract lays next to tract 4, which includes 3 bins and a small storage barn. There are three access points to this property. You can access this farm on the south side from State Road 18, at the far northeast corner from Strawtown Pike or from tract 4 where the bin site is located.


Details:

Tract #: 3

Deeded acres: 44.461+/-

FSA Farmland Acres: 50.75

DCP Cropland Acres: 43.01

Soil Types: Blount Silt Loam, Pewamo Silty Clay Loam, Glynwood Silt Loam

Soil PI/NCCPI/CSR2: NCCPI 71.1

Base acres: Corn base acres 23.8 acres/soybean base acres 19.2 acres

CRP Acres/payment: N/A

Taxes: $765.62

Lease Status: Open Tenancy for 2023 crop year

Possession: Immediate possession subject to current tenant's rights for 2022

Survey needed: No survey is needed

Brief Legal: 004-28807-00 PT SW PT NW 1/4 26-25-4 17.789 ACRES & 004-28805-00 PT NW ¼ 26-25-04 25.6263 ACRES & 004-29008-50 KUNTZ ESTATES NOT A BUILDING SITE BETWEEN LOT 8 & 9 07 290 00850

PIDs: 52-14-26-200-008.000-004 & 52-14-26-200-007.000-004 & 52-14-26-201-009.000-004

Lat/Lon: 40.5875 / -86.0472



Tract 4 Description:

This 1.14 +/- acre tract is located at the corner of State Road 18 and Strawtown Pike a half mile north of Wawpecong. This parcel sits next to tract 3. On this tract sits 3 grain bins, a 40’ x 24’ pole barn with a concrete floor and a 50’ x 35’ cement pad where a barn once stood. This would be a great addition to your current farm storage and would provide offsite grain and equipment storage. This property has great access for grain trucks and semis since you can access it from the south and east side from State Road 18 and Strawtown Pike. This property has an established driveway around the entire property making it easier for your trucks, tractors and augers to maneuver around the site.

Details:

Tract #: 4

Deeded acres: 1.14+/-

Taxes: $587.26

Lease Status: Open Tenancy for 2023

Possession: Immediate

Survey needed: No survey is needed

Brief Legal: 004-28807-00 SW CRNR NW ¼ 26-25-4 1.14 ACRES DA 624 07 288 00704

PIDs: 52-14-26-200-008.001-004

Lat/Lon: 40.5858 / -86.0441


Tract 5 Description:

This 77.96 +/- acre tract is located on the south side of county road E 1300 S. This tract is the southernmost tract out of all the tracts offered. 75.26+/- tillable acres with an average NCCPI of 82.7 featuring Treaty Silt Loam, Fincastle Silt Loam, Ockley Silt Loam, Pewamo Silty Clay Loam and Blount Silt Loam soils. This large farm would make a great addition to your existing farming operation or investment portfolio. An established and well-maintained grassed waterway runs the entire length of the northern portion of the farm. This farm has nearly 1800ft of county road frontage providing great access to the entire field for large farm equipment.


Details:

Tract #: 5

Deeded acres: 77.96+/-

FSA Farmland Acres: 78.80

DCP Cropland Acres: 75.11

Soil Types: Treaty Silt Loam, Fincastle Silt Loam, Ockley Silt Loam, Pewamo Silty Clay Loam, Blount Silt Loam

Soil PI/NCCPI/CSR2: NCCPI 80.1

Base acres: Corn base acres 38.3 acres/soybean base acres 36.76 acres

CRP Acres/payment: N/A

Taxes: $1615.34

Lease Status: Open Tenancy for 2023 crop year

Possession: Immediate possession subject to current tenants’ rights for 2022

Survey needed?: No survey is needed

Brief Legal: 004-38407-00 PT NE ¼ 34-25-4 77.96 ACRES

PIDs: 52-14-34-100-004.000-004

Lat/Lon: 40.5759 / -86.0573



  • Bidders may participate in the auction on-site or online at Ranchandfarmauctions.com

  • Onsite bidders should bring a government-issued ID

  • 10% down payment immediately after auction - cash, personal, or business checks accepted

  • If the winning bid is online, you will be immediately contacted to make arrangements for the 10% down payment and a purchase contract will be sent via DocuSign

  • High bidder has 30 days to close unless otherwise noted

  • Announcements on auction day will take precedence over any prior announcements

  • This is a no contingency sale and is not subject to financing or additional inspections

  • Possession at closing, subject to tenant’s rights, if any

  • If a survey is needed it will be done following the auction and the total purchase price will be adjusted to the surveyed acres

  • All information provided is derived from sources believed correct but is not guaranteed or warranted - Bidders shall rely entirely on their own information and judgments

  • 4 great nearly all tillable tracts

  • 239.92 +/- total acres

  • 4 tillable tracts ranging from 36.99 +/- acres to 79.36 +/- acres

  • Productive tillable soils

  • Tract 4 is a bin site with a pole barn

  • Great road frontage to all tracts

  • 8 +/- miles NE of Kokomo, IN

Auction Documents

Real Estate Auction Terms and Conditions

Terms Of Sale

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 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.

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 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(s). 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). Current year's taxes are prorated through the day of closing as is customary. 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 results in a change to acreage, the contract will be adjusted to that acreage prior to closing and 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 final sales price at closing. The purchase agreement and sales day announcements will identify the party responsible for survey cost.

Each high bidder must sign a purchase agreement and make a 10% non-refundable deposit immediately following auction to the Title Company or escrow agent noted on the Purchase Agreement. Cash, wire transfers, cashier's checks, personal checks and business checks (electronically processed) are accepted. For online only auctions, wire transfers are the preferred method for deposits. Wire instructions will be sent with the Purchase Agreement thru DocuSign. The balance of the purchase price and all closing costs are due within 30 days.

Bidding starts at the nominal Opening Bid(s) indicated and is open to the public. The Auctioneer reserves the right to group, add to, delete, withdraw, consolidate or break down lots and/or quantities offered, to sell out of scheduled sequence, to reject any bid which is only a fraction advance over the preceding bid, to regulate bidding, to accept or reject any or all bids, and to cancel or reschedule an auction. The Auctioneer will call the sale and control any increments of bidding. To make a bid, raise your hand or Bid Card to be recognized. The bidding happens quickly. Absentee bids may be accepted at the discretion of the Auctioneer. The Auctioneer reserves the right to enter bids on behalf of absentee bidders. Any mistakes during bidding as to who has the high bid and/or at what price may be called to the Auctioneer's attention and corrected. The Auctioneer is the sole arbiter and controller of the conduct of the auction and shall be the final and absolute authority without liability to any party.

For online only sales, click the “Bid Now” button to enter your bid. Be sure to create an account and sign in early so you do not miss the opportunity to bid. You can also enter a maximum bid to allow for bids to be increased by the noted increments up to your high bid. If you cannot log in, feel free to call (217)-922-0811 to reach customer service to register and bid by phone.

Your inspection of the property(ies) and attendance at this auction are at your own risk. Broker and Seller, their agents and employees, expressly disclaim any "invitee" relationship and shall not be liable to any person for damage to their person or property while in, on or about these properties, nor shall they be liable for any defects, dangers or conditions on the property(ies). All persons enter the property(ies) and attend the auction at their own risk and shall defend, indemnify, and save harmless Broker and Seller, their agents and employees, from any and all liability attendant thereto.

All auctions are subject to court or seller approval unless otherwise noted as “Absolute”. Most sales are approved within 2 business days. Buyers are not allowed possession until Closing and filing of the deed, at which time the property should be re-keyed if required. If for any reason the court or Seller approval is not granted, the Down Payment shall be returned in its entirety to the high bidder. "Showing" requests from Buyers after the auction may not be able to be accommodated.

If more than one property is being auctioned, the Auctioneer may choose to offer a group of the properties for auction at the same time. This is called "BUYER'S CHOICE" and is to accommodate buyers who have an interest in more than one property and/or have 2nd and 3rd choices if they are out bid for a favorite property. Upon winning the bid, please choose which property, or properties, you want. You pay the high bid price for each property selected. Each sale is final and stands alone. Remaining properties are then offered in another round of bidding. Anyone may bid at any time, including prior High Bidders.

Ranch & Farms Auctions, LLC, Whitetail Properties Real Estate, LLC and the Seller expressly disclaim any liability for errors, omissions or changes regarding any information provided for these sales. Please read the Contract and Auction Day Notes for a full and complete understanding of any and all disclaimers. Bidders are strongly urged to rely solely upon their own inspections and opinions in preparing to purchase property and are expressly advised to not rely on any representations made by the Seller or their agents and employees. Property information may change without notice and potential purchasers should investigate all data fully before relying upon it.

The information contained within is believed to be accurate but seller and Auction Company do not warrant any information contained within the description. All lines on maps are approximate and buyers should verify the information. All sale day announcements will take precedence over any prior advertising or announcements.

LEGAL DESCRIPTIONS AND ACREAGE FIGURES:
All stated Measurements including but not limited to acreage, sq footage, map dimensions, and/or sketches are stated for marketing purpose only unless it is stated that the measurements are verified by an independent surveyor or other source. All measurements shall be assumed to be approximate or more or less and obtained from sources to be considered reliable such as; government tax records, mapping software, assessors office records or FSA maps. Legal descriptions may be subject to existing fence/field boundaries. No warranty is expressed or implied as to exact acreages of property. The purchase price based on these measurements entered on the purchase agreement is final unless buyer and seller have agreed otherwise in writing prior to signing. If exact acreage or square footage is a concern, the Property should be independently measured.

Broker Participation

Buyers Agents who register a winning bidder at this auction may receive a Buyer Broker Participation Fee. Please call for more details. Be advised, not all auctions offer a Buyer Broker Participation Fee.

Licensing

IN COOPERATION WITH WHITETAIL PROPERTIES REAL ESTATE LLC (RC51300040)

Bill Minor, Ranch & Farm Auctions (RC52000047), Indiana Broker License # RB14046825

Joe Gizdic, Director, Ranch & Farm Auctions, 217.299.0332

Andrew Malott, Indiana Land Specialist, Whitetail Properties Real Estate, LLC, 574.225.2699

Justin Griffin, Indiana Land Specialist, Whitetail Properties Real Estate, LLC, 260.223.5861

Cody Lowderman, IN Auctioneer, AU11100014


Auction Type

Subject To Seller Confirmation

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