IN-62, Boonville, IN 47601 - Warrick County

SOUTHERN INDIANA PUBLIC REAL ESTATE AUCTION

76+/- ACRES WEST of BOONVILLE, IN; 16+/- ACRES in NEWBURGH, IN; & A SPENCER COUNTY LOT BY THE FRENCH ISLAND MARINA BOAT CLUB - ALL OFFERED in 9 TRACTS & COMBINATIONS!

HIGH QUALITY FARMLAND; POTENTIAL DEVELOPMENT / BUILDING OPPORTUNITIES for INVESTOR or END USER!

Live Auction Date: THURSDAY MARCH 20th at 6:00 PM

Live Auction Location: Warrick Co. 4H Center; 133 Degonia Road, Boonville, IN 47601; (Alcoa Building)

Online Pre-Bidding Available!

Auctioneers Note: Sohn & Associates is very pleased to offer this amazing opportunity! If you are a Farmer, Investor, Developer, Builder, or just someone looking for the perfect place to buy or build your Dream Home, you must investigate this fantastic opportunity!

Tract 5) 17.5+/- Acres Fronting on IN-62 in Boon Twp Warrick Co., IN

Property Location: This property fronts on the South side of IN-62 (W Main St) between State Roads 261 & 61 at the West edge of Boonville, IN.

- Productive Tillable Farmland 17.44 Cropland Acres Per FSA!

- Convenient Location Just West of Boonville!

- No Buyers Premium & 60 Days to Close!

Tract #5: This 17.5 acre tract offers productive tillable soils including Birds and Wakeland Silt Loams. The entirety of this tract is located in a flood plain.

Note: This tract consists of Warrick Co Parcel #s 87-09-34-200-005.000-003 and 87-09-34-200-027.000-003 and is Parcel 1 in the Commitment for Title Insurance.

PUBLIC SHOWINGS: An auction representative will be at each auction site THURSDAY MARCH 13th from 12 NOON to 2:00 PM or call our office to schedule an appointment.

Live Auction Procedure: The property will be offered using our Select Tract Auction Method. Each tract will be offered individually and in any combinations the bidders desire. All bidders will have the opportunity to bid on any individual tract or combination, including the entirety, at any time throughout the auction. The sale will conclude when all the competitive bidding has been exhausted.

Online & Absentee Bidding: If you cannot attend the live auction, please call our office to arrange a live phone bid or absentee bid. You may also leave pre-bids online. Please note that online bidding will only be for individual tracts or entirety combinations. Call or visit the bidding site for complete details.

Auction Terms & Conditions:

No Buyer's Premium! Whatever you bid is the final contract price, no premium will be added.

Down Payment: A 10% deposit will be required from all successful bidders at the conclusion of the auction. This may be in the form of a personal or business check.

Closing: The balance of the purchase price will be due and payable at closing within 60 days after the auction date, or within 21 days after the completion of any necessary survey/subdivision work, whichever is later. A survey will be required only if you are purchasing a parcel of property for which no discrete legal description already exists. The survey in such instance shall be arranged for and paid for by seller.

Financing: Your bidding is not conditional upon financing, so be sure you have arranged financing, if needed, & are capable of paying cash at closing.

Evidence Of Title: Preliminary Title Commitments have already been completed and are available for review. The cost of the actual title insurance will be the responsibility of the purchaser(s). Purchaser(s) shall accept title to the Property subject to all exceptions listed in Schedule B, Part II of the Preliminary Title Commitment for the property.

Taxes: The purchaser(s) will assume the taxes starting with the Fall 2025 installments.

Possession: Possession of Tracts 1, 2, 3, 4 and 5 will be subject to the rights of the tenant farmer to harvest their spring crops - but will be no later than 08/01/2025. Possession of Tracts 6, 7, 8 and 9 will be immediate upon closing.

Mineral Rights: All the mineral rights owned by the seller, if any, will be conveyed to new purchaser(s).

Approval Of Bid Prices: All successful bidders will be required to enter into purchase agreements immediately upon conclusion of the auction. The final auction bids are subject to the acceptance or rejection by the seller.

DISCLAIMER AND ABSENCE OF WARRANTIES: All information contained in this brochure and all related materials are subject to the terms and conditions outlined in the purchase agreement. The purchase agreement has been, or will be, made available at your request. Announcements made by the auctioneer during the time of the sale will take precedence over any previously printed material or any other oral statements made. The property is being sold on an "as-is, where-is" basis, and no warranty or representation, either express 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 including, but without limitations to fitness for a particular use, physical condition, any specific zoning classification, title, location of utilities or easements, assurance of building permits, driveway permits, or water and septic permits. In some instances, additional engineering may be required to be filed with the Area Plan Commission for getting final building site approval. All sketches and dimensions in this brochure and related materials are approximate. 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 or the auction company.

Acreage & Tracts: All acreages shown in the auction advertising materials are approximate and have been estimated based on existing legal descriptions and/or aerial photographs. If a survey is required to convey title and the actual difference between the advertised acreage and the surveyed acreage is greater than 5%, an adjustment will be made on the purchase price by applying the per acre purchase price as bid to the actual acres as surveyed.

Agency: Sohn & Associates, Ltd. and its employees and representatives are agents of the seller.

Sellers: Baker Corporation & Stasey A. Chapman

Auctioneer: Trent Sohn #AU19700067; AC#30000226