4262 N Salem Rd

Decatur, IN 46733

Saturday, Jan 22 2022 @ 10:00am

Overview

Land & Real Estate Auction

SOLD! SOLD!! SOLD!!

Saturday, January 22nd @ 10am

4262 N Salem Rd Decatur, IN 46733

Auction will be held at: Krueckeberg Auction Complex 815 Adams Street Decatur, IN

House, Detached Garage, & 136.199 +/- Acres Total offered in 3 Tracts!
Land located in Adams County, Indiana Washington Township, Section 12

Open House: Saturday January 8th 1:00-3:00 PM

Click HERE for Full Packet Information!

Tract 1: 4262 N Salem Rd. 3 Bedroom, 2 Full Bath 1,952 SQ. Feet Home, Partially Finished Basement, 32' x 50' 3 Car Detached Garage, Sitting on 4.049 +/- Acres
Tract 2: 108.750 +/- Acres Total Located Across From Tract 1 On N Salem Road 8.27 Acres of CPR Filter Strips until 2030 & 2.1 Acres Until 2027 paying approx $1,971 a year. New Buyer will receive 2022 CPR Program Check Payable In October 2022
Tract 3: 23.4 +/- Acres Located on 10.7+/- Acres on North & 12.7 +/- Acres on South Sides of N US HWY 33 East of Salem Road.

CPR Program pays approx $2,474 Per year. Contract for 4.26 acres renews in 2023 and 8.12 Acres renews in 2026, These are 10 year contract periods.New Buyer will receive 2022 CPR Program Check Payable In October 2022 Cell phone tower lease started in 2000 and the duration of the lease is 55 years and is renewable in 5 year increments, Currently pays $840.32 per month or $10,083.84 per year in lease payments. The successful bidder will be awarded a Contract subject to the right of the Cell Tower operator to exercise the right of first refusal in accordance with the terms of the Lease. If they choose not to exercise the Right of First Refusal after 30 days, the matter will proceed to closing with the successful bidder. Buyer must close within 45 days after first right is denied.

Additional Information

Auction Terms & Conditions: 10% nonrefundable downpayment on each tract due at close of auction with balance due upon delivery of deed and title policy. Closing to be within 45 days of auction. Title search and title policy in the ammount of the purchase price will be provided at the sellers expense. A staked survey will be provided with the cost split 50/50 between buyer and seller. Taxes are prorated to the date of closing.(Tract 1:$1,763.82 w/ Exemptions Tract 2:$1,573.52 Tract 3:$486.46) Possession of tract 1 upon final closing, Possession on tract 2 will be given day of auction excluding the Fenced in area approximently 38 acres which will be given March 1st 2022. Possession on tract 3 upon final closing. Property Sold AS-IS And Not Sold Subject to Inspections, Please have inspections done prior to day of auction. Sold subject to confirmation of sellers. Not responsible for accidents. Auctioneers Note: Any statements made day of sale takes precedence over any written or oral statements. Auctioneers License: Josh Krueckeberg (AU19800008 AC31500055)

Owners, Jimmy D. Price Estate & Family - First Merchants Bank, PR