Real Estate Sold for: $230,400
Thursday, August 25th at 2:00 PM
Auction to be conducted on-site
(see directions below)
• 30 +/- Tillable Acres
• 35+/- Wooded Acres• Acres
• 5,000+/- Feet of Ohio River Frontage
• Excellent Soil Types
• Ample Road Frontage
• Good Hunting Property with Income.
Great Location!!! Just 20 minutes from Newburgh, IN.
Just 15 minutes from Owensboro, KY.
Just 12 minutes from Reo, IN.
Tract Description: Located along the Ohio River in Spencer Co Indiana, this 72+/- acre tract offers approximately 30 acres of fertile tillable ground, with the predominant soil type being Huntington Silt Loam. The property fronts along River Rd. and has approximately 35 acres of woods. Additionally, it has over 5,000 feet of frontage along the Ohio River.
There is NO BUYER’S PREMIUM.
Terms and Conditions:
Terms for Real Estate: Buyer shall pay 10% of the purchase price as a down payment at the auction site at the conclusion of bidding. The balance is due with delivery of the deed on or before October 11th, 2022.
Evidence of Title: A title commitment is available for viewing on the Auctioneer’s website. The Buyer will be responsible for any fees associated with the owner’s title insurance policy if one is desired. Seller agrees to provide merchantable title to the property subject to matters of record, general conditions of title and similar related matters. All tracts are sold “AS IS”.
Real Estate Taxes: Seller shall pay the real estate tax installments due and payable in May and November 2022. The Buyer shall assume and pay the real estate taxes beginning with the installment due and payable in May 2023.
Closing: Closing shall occur on or before October 11th, 2022.
Mineral Rights: All mineral rights owned by the Seller, if any, shall be included with the sale of the land.
Possession: Possession shall be granted to the successful bidder at closing.
Farming Rights: Farming rights shall be granted to the Buyer after 2022 crop removal or December 1st, 2022, whichever comes first.
Acreage: All tract acreages and proposed boundaries are approximate and have been based off of legal descriptions, tax records, aerial maps and other documents.
Disclaimer: All information contained in this brochure and all related materials are subject to the terms and conditions outlined in the Purchase Agreement. ANNOUNCEMENTS MADE BY THE AUCTIONEER AT THE AUCTION PODIUM DURING THE TIME OF THE SALE WILL TAKE PRECEDENCE OVER ANY PREVIOUSLY PRINTED MATERIAL OR ANY OTHER ORAL STATEMENTS MADE. THE PROPERTY IS SOLD “AS IS, WHERE IS”. No warranty of representation, either express or implied, or arising by the operation of law concerning the Property is made by the Seller and the Auctioneers and are hereby expressly disclaimed. In no event shall the Seller or Auctioneer/Broker be liable for any consequential damages. The information contained herein is believed to be accurate but subject to verification by all parties relying on it. Seller and Auctioneers assume no liability for its accuracy, errors and omissions. All boundary lines and dimensions are approximate. Seller and Auctioneer reserve the right to preclude any person from the bidding if there is any question, in the sole judgment of the Seller and Auctioneers, as to such person’s creditworthiness, ability or willingness to close on the purchase of the property, credentials, fitness, etc. All decisions of the Auctioneer are final.
Seller: Evansville Boat, an Indiana General Partnership
Real Estate Purchase Agreement can be viewed under downloads at the bottom of the auction information screen below.
For more information, contact Jason Blue (Lic #:AU10800083) at 812-452-3191.
Directions to the Property: From IN SR 66 about 3.7 miles west of Reo, IN, take S CR 600W South for 4 miles to the property. From IN: SR-161 2.8 miles south of Reo, IN, take Patronville Rd. (200S) west for 3.3 miles to S CR 600W and turn left. Drive south for 1 mile to property.