La Porte, IN 46350 - LaPorte County

LAPORTE COUNTY, IN LAND AUCTION - P&M

Thursday, December 17, 2024 - 10:00 AM Central

Auction to be conducted as a virtual, online auction. If you need assistance with internet bidding, please contact our office at (844) 847-2161

LOCATION

LaPorte County, Indiana

The P & M Investments, LLC property is located approximately 4 miles northeast of La Porte, Indiana and is further described as being located in Section 17, T37N-R2W, Kankakee Township, LaPorte County, Indiana.

SELLER

P&M Investments, LLC

MANAGED BY

David Smith (217) 841-0821

Ken Maguire (317) 385-7415

GENERAL INFORMATION

39.375 taxable acres 1 tract

The real estate contains 39.375 acres and will be sold in one tract. Home builders, farmers and outdoor enthusiasts, be sure to check out this conveniently located property that has something to offer for everyone!

TRACT INFORMATION

39.375 taxable acres

FSA figures indicate 8.95 NHEL cropland acres

Balance of the property represents timber providing excellent outdoor recreational opportunities

Soil types include Hanna, Sebewa, Palms and Tracy

Access along the west off N Fail Rd.

METHOD & TERMS

The P & M Investments, LLC real estate will be sold as one tract and on a price per acre basis, based on 39.375 taxable acres.

Immediately following the auction, the successful buyer will be required to sign a real estate sales contract and pay ten percent (10%) of the purchase price as a non-refundable down payment which will be held in escrow until closing. The balance of the purchase price will be due at closing which will take place on or before Tuesday, January 21, 2025.

The seller will provide title insurance in the full amount of the purchase price. Seller will retain all of the 2024 crop income and will pay all the 2024 real estate taxes, due and payable in 2025, through a credit at closing. Possession at closing subject to an existing lease for the 2024 crop year only. Open lease for 2025 crop year and beyond.

Bidding is NOT subject to any contingencies, including but not limited to financing, an appraisal or inspection of the property.

All announcements made sale day take precedence over prior advertising either written or oral. The information in our brochure, in our advertisements and on our website is believed to be accurate; however, no liability for its accuracy, errors or omissions is assumed. All lines drawn on maps, photographs, drone video, etc. are approximate. Buyers should verify the information to their satisfaction. There are no expressed or implied warranties made by the seller or Sullivan Auctioneers, a BigIron company, pertaining to this property. Real estate is being sold AS IS.

P&M Investments, LLC

Closing & Title Work:

Meridian Title Corporation

1000 W. State Road 2, La Porte, IN 46350 | (219) 362-3228

Auction Managers:

David Smith (217) 841-0821

Ken Maguire (317) 385-7415