James A. & Ruth E. Benefiel Trust Auction

Real Estate

Location: 753 E 900 S, Warren, IN

Land is located approx. 5 miles southeast of Warren, IN and is further described as being located in Sections 10 & 11, T25N•R10E, Jackson Township, Wells County, IN. Directions: From Warren, IN at the intersection of ST. RD. 218 & ST. RD. 5, take 218 east approximately 3.7 miles ST. RD. 3, then turn right (south) 1.5 miles to Tracts 1-4. Tracts 5 & 6 are located on CR 750 S approximately 1/2 mile west of the main farm. Watch for presale directional signs.

6 p.m. Wednesday, November 20th, 2019
Farm represents pasture with buildings, tillable acres, excellent hunting/recreational land along Salamonie River, abundant wildlife, potential building sites w/ beautiful views & more! Walk over inspections welcome at your own risk. Please be respectful of growing crops and mindful that hunting season will be open Oct thru auction day!
For this auction's sale bill, catalog or poster, CLICK HERE
Click on thumbnails to see larger photos and descriptions
Photo #1 Photo #2 Photo #3

This listing posted on 10-24-19, for more photos and updates CLICK HERE.

 

Inspection Dates:

Sat., October 26th • 1:00 – 4:00 pm

Mon., November 4th • 2:00 – 4:00 pm

Or call auction manager for private showing

Tract 1 – 27 Acres± (Subject to Survey)

• Beautiful pasture tract with good fences and shade trees

• This tract is improved with a 65’x 40′ machine shed w/ 27′ lean-to, 2-story wood-frame barn with metal siding & roof, and an open front cattle shed w/ a concrete lot

• This tract also offers potential building sites with its own well water & electric

• Access is along the west side by State Rd 3

 

Tract 2 – 112 Acres± (Subject to Survey)

• FSA figures indicate 97.25 acres of cropland currently in row crop production

• The balance of the farm represents timber & wooded draws along Salamonie River which provide excellent hunting & recreational possibilities

• There is also an Artesian Well located on this tract

• Access is along the west side by State Rd 3

Tract 3 – 17 Acres± (Subject to Survey)

• This tract is nearly 100% cropland and is currently in hay production

• Potential for row crop, pasture or building sites

• Access is along the west side by State Rd 3

 

Tract 4 – 17 Acres± (Subject to Survey)

• This tract would make for an outstanding hunting/recreational piece for hunters or campers

• FSA figures indicate 5.98 acres of cropland

• Access is along the west side by State Rd 3

 

Tract 5 – 33 Acres± (Subject to Survey)

• FSA figures indicate 25.44 acres of cropland currently in row crop production

• There is an additional 1 acre of cropland that has recently expired (September 2019) from a CRP waterway

• The balance of the farm represents timber & draws which offer hunting/recreational opportunities

• Salamonie River runs along the north side of this property

• Access is along the south side by W 750S

 

Tract 6 – 18 Acres± (Subject to Survey)

• FSA figures indicate 13.76 acres of cropland currently in row crop production

• There is an additional 1.3 acres of cropland that has recently expired (September 2019) from a CRP waterway

• The balance of the farm represents timber & draws which offer hunting/recreational opportunities

• Salamonie River runs along the north side of this property

• Access is along the south side by W 750S

 

METHOD & TERMS
METHOD:
The property will be offered in 6 tracts. All 6 tracts will be sold on a price per acre basis. All tracts will be offered through the marketing method of “Buyer’s Choice,” whereas the high bidder can elect, in any order, any or all tracts for their high bid. Buyer’s Choice auctioning will continue until all 6 tracts have all been elected. The tracts will not be offered in their entirety or any other combinations at the conclusion of the auction. Each sale will be final.

SURVEY: Survey cost will be split 50/50 between buyer and seller. Survey is currently ordered and field work has begun.

PURCHASE AGREEMENT: The purchase agreement will control the terms of the sale and purchase of the real estate and any conflict between the purchase agreement and statements made at the auction.

DOWN PAYMENT: The successful bidder must pay a 10% down payment with the execution of the purchase agreement the day of the auction, with the balance due at closing. The down payment must be in the form of a personal check, cashiers check or corporate check. YOUR BIDDING IS NOT CONTINGENT UPON FINANCING. Please be sure you have arranged financing, if necessary, and are capable of paying cash at closing.

DEED: Seller shall provide an appropriate deed at closing.

EVIDENCE OF TITLE: Seller shall provide an owner’s title insurance policy to the successful bidder(s) in the amount of the purchase price.

CLOSING: The balance of the purchase price is due at closing, which shall take place on or before December 31, 2019. Any closing fee charged by the closing agent shall be shared (50/50) between buyer(s) and seller.

POSSESSION: Possession will be given at closing, subject to a cash rent lease for the 2019 crop year only.

TAXES: The 2019 taxes will be paid by the seller, as they are retaining the 2019 cash rent. The 2020 taxes will be paid by the new buyer(s).

AGENCY: Sullivan Auctioneers, LLC and its representatives are exclusive agents of the seller.

DISCLAIMER OF ERRORS AND OMISSIONS: All information contained in this brochure and all other printed material are subject to the terms and conditions outlined in the purchase agreement. All announcements sale day shall take precedence over any prior advertising either written or oral. The information in this brochure is believed to be accurate; however, no liability for its accuracy, errors or omissions is assumed. All lines drawn on maps, photographs, etc. are approximate. Buyers should verify the information to their satisfaction. There are no expressed or implied warranties pertaining to the property. This real estate is being sold “as is”.

James A. & Ruth E. Benefiel Trust


 

James A. & Ruth E. Benefiel Trust Auction

For more information, call:
Auction Manager: Zach Hiner (260) 437-2771


Also Visit: Auctioneer's Website
Questions about this auction? Phone 217.847.2160 or email our office at [email protected].

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Sullivan Auctioneers, LLC

[email protected]

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