3676 Steubenville Road, Coal City, IN 47427 - Owen County

REAL ESTATE: Discover the endless possibilities with this special 484 +/- acre property, offering a mix of gently sloping pastures, rolling hills, and wooded areas across six unique tracts. Whether you are looking for a beautiful building site for your dream home, a homestead with barns for a farming operation or a rustic cabin retreat to simply enjoy the peaceful natural setting, there is a tract for you in this auction! The 484 +/- acres consists of apx. 196.5 +/- acres of cropland that is currently enrolled in the USDA CRP program. The balance of the acreage is wooded and would be ideal for outdoor enthusiasts. With old logging roads and trails, the wooded areas can be used for hunting, fishing and exploring by ATV or horseback. The forests are not only beautiful; but could also be profitable, as marketable timber in several areas has not been harvested in over 30 years. With a mix of open fields and picturesque woods, this land provides the perfect setting for a variety of uses. Although the tracts are located in three cities according to county records, they are in very close proximity only a few minutes apart. Whether you are looking for land for farming, hunting and recreation, as an investment or a site for your brand-new home, you wont want to miss this rare chance to bid on your ideal tract!

Tract 1: consists of 80 +/- acres commonly known as 3676 Steubenville Road in Freedom, IN. This parcel is improved with a 936 sf, 2 bedroom, 1 bath wood-sided home with a full, unfinished basement. In need of some repair and updating, the home has a metal roof, enclosed back porch, wood-burning stove for heat, window air conditioning, a well for water and a septic system, where the line from the house to the tank has been repaired. Once used for farming and a horse and mule operation, this parcel has numerous other improvements including:

Barn measurements: 50 x 60, 40 x 80, 50 x 80 & (2) 21 x 48

Shed measurements: 26 x 36, 12 x 35, 20 x 70, 30 x 40, 30 x 36 & 10 x 40

This tract has fields, woods and even a stocked pond! FSA records state there are 36.71 cropland acres and 16.51 CRP acres. The Indiana State Parcel ID number is 60-15-10-102-030.000-020 and the 2024 real estate taxes totaled $2,668.64.

Room Dimensions of Home:

Living room - 14' 3" x 23' 7"

Kitchen - 10' 10" x 11'

Bedroom - 11' 10" x 10' 2"

Bedroom - 11' 7" x 10' 2"

Enclosed back porch 10 x 26

Tract 2: consists of 199 +/- acres with frontage on Steubenville Road, just south of Stockton Road in Freedom, IN. This tract is composed of two parcels: a 160 +/- acre parcel and a 40 +/- acre parcel that does not have road frontage and joins the 160 +/- acres on the west side. Consisting of fields and woods, this tract is improved with a 480 sq ft rustic cabin with an 8 x 20 covered area for shade or hanging game. Converted from an old corn crib, the wood-sided structure has a metal roof, no electricity or indoor plumbing, except for a lofted water tank that is used for a shower. The cabin has bunks for sleeping, a wood burning stove for heat and cooking and a generator can be used to run the window a/c unit and for electricity. With a working well from a former home and electric at Steubenville Road, this tract would make a beautiful building site. FSA records state there are 96.34 cropland acres and 70.7 CRP acres. The Indiana State Parcel ID numbers are 60-15-10-203-080.000-020 & 60-15-09-400-170.000-020 and the 2024 real estate taxes are $2,757.42.

Tracts 3 & 4: combined, these two tracts are Indiana State Parcel ID number 60-15-09-102-030.000-020 in Spencer, IN. FSA records state there are 78.3 cropland acres and 78.3 CRP acres between these two parcels and the real estate taxes are $1,066.60. With an abundance of woods, these tracts have good income potential from marketable timber. They are also perfect for outdoor recreation and have wonderful building sites.

Tract 3: consists of 108 +/- acres with road frontage on both sides of Stockton Road and the west side of Fiscus Cemetery Road.

Tract 4: consists of 33 +/- acres in the northeast corner of the Stockton Road / Fiscus Cemetery Road intersection.

Tracts 5 & 6: combined, these two tracts are Indiana State Parcel ID number 60-15-17-100-010.000-020 in Coal City, IN. FSA records state there are 25.63 cropland acres and 23.6 CRP acres between these two parcels and the 2024 real estate taxes are $539.64. These tracts are perfect for someone who is looking for a smaller number of acres for recreation or a homesite.

Tract 5: consists of 23 +/- acres located on Fiscus Cemetery Road on the east side of Wells Road and is a mix of woods and fields.

Tract 6: consists of 41 +/- acres located on Fiscus Cemetery Road on the west side of Wells Road. Mostly wooded, this tract is improved with a 30 x 40 pole barn in poor condition and has a stocked pond.

USDA CRP PROGRAM: Generating $117.13 to $135.20 per acre annually, the 196.5 +/- acres currently enrolled in the program has good quality grass that has been maintained by mowing each year. The CRP contracts were recently renewed and will expire in 2031 and 2032. The successful purchaser(s) of the tracts with CRP acreage will be required to assume the contract(s) and will receive payments starting in 2025. The land can be removed from the program, but the successful purchaser will be responsible for any fees and/or penalties if they choose to remove the land from the program.

MARKETABLE TIMBER: There is marketable timber primarily located on Tracts #3 and #4. Species of trees present include hard maple, black, red and white oak, poplar, cherry and hickory. A timber cruise conducted by a professional forester is in process and the summary report will be posted when available.

MINERAL RIGHTS: The sellers do not believe they own any mineral rights, so they will not convey with the real estate.

SURVEY: A survey will only be required if a new legal description is needed to convey the property. Consequently, if Tracts 3 & 4 or Tracts 5 & 6 sell to different buyers, a survey will be required and the cost of each survey will be paid by the individual tract buyers on a pro-rated basis. If the surveyed acreage differs from the advertised acreage, the purchase price will be adjusted on a per acre basis.