- This auction has passed.
517 Acres US 42 Auction
April 5, 2016 @ 2:00 pm - 7:00 pm
517 Acres US 42 Sale Results
517 Acres Vacant Land
Four Tracts Sold Together
Whole Farm Sold For $4,050,000 = $7,835.92 per acre
517 Acres Delaware County
- Super grain farm
- 505 acres tillable
- Blount & Pewamo soils
- Flat black highly productive grain farm
- Selling in 4 tracts
- A rare opportunity to purchase a sizable parcel of land that is 96% tillable with highly productive soils
Down Payment: Purchaser required to pay Ten Percent (10%) down payment of the total bid on the day of the auction. The down payment may be paid in the form of cash, personal check or business check. Checks will be made payable to Wilson National Trust Account. Balance of purchase price due at closing.
Acceptance of Bid Prices: The successful bidder will be required to sign a Purchase Agreement at the Auction site immediately following the close of the Auction. This is a cash on delivery of deed sale. Your Bidding is not Conditional Upon Financing, so be sure you arranged financing, if needed, and are capable of paying cash at closing.
Closing: Closing shall occur on or before May 20th, 2016.
Possession: On closing date. Subject to tenant’s rights for the 2016 crop year.
Cash Rent: Buyer to receive all of the cash rent for 2016 which is $200 per acre on 505 acres. First installment on 1/2 of rent will be paid at closing. Second installment of other half payable December 1st, 2016.
Title: Property is selling with good marketable Title by Warranty Deed. Purchaser is responsible for Title insurance if desired.
Real Estate Taxes: Seller to pay 2015 taxes, buyer thereafter.
Agency: Wilson National, LLC. and its representatives are Exclusive Agents of the seller.
Survey: A new survey will be provided by seller. The survey will be at the Sellers expense and any issues regarding the survey will be at the Seller’s discretion. Combination purchases will receive a perimeter survey only. Acreage and purchase price will be adjusted to new surveyed acre if different from what is advertised..
Mineral Rights: All mineral rights owned by the Sellers will be conveyed to the Buyers.
Disclaimer & Absence of Warranties: All information contained in this brochure and all related materials are subject to the terms and conditions outlined in the agreement to purchase. Announcements made by the Auctioneer at the
auction podium during the time of sale will take precedence over any previously printed material or any other oral statements made. The property is sold on an “As Is, Where Is” basis and no warranty or representation, either expressed or implied, concerning the property is made by the seller or the auction company. Each potential bidder is responsible for conducting his or her own independent inspections, investigations, inquiries and due diligence concerning the property. The information contained in this brochure is believed to be accurate but is subject to verification by all parties relying on it. No liability for its accuracy, errors or omissions is assumed by the seller, the broker or the auction company. All sketches and dimensions in this brochure are approximate. Conduct of the auction and increments of bidding are at the direction and discretion of the Auctioneer. The seller, broker and auction company reserve the right to preclude any person from bidding if there is any questions to that person’s credentials, fitness, etc. All decisions of the Auctioneer are final.
New Data, Corrections, and Changes: Please arrive prior to scheduled auction time to inspect any changes, corrections or additions to the property information.