LAND AUCTION - 417+/- ACRES IN 9 TRACTS IN NEWTON COUNTY, INDIANA
Thu, Nov 3, 5:00 PM
Morocco, IN - Newton County, Indiana
Owner: Kathleen Y. Hewitt-Hanna, Successor Trustee Under The Testamentary Trust Of Louise M. Elijah
OPEN HOUSE/INSPECTION DATES
Wednesday, October 12 & Thursday October 20 from 3:00 - 5:00 PM Central
Meet a Schrader representative at the northeast corner of Tract 4 at the corner of 200 W and 350 S.
PROPERTY LOCATION
Part of Sections 22, 23 & 30, T29N, R9W (Beaver Twp.) Tract 1: From east of Morocco at the junction of U.S. 41 and St. Rd. 114, go east on St. Rd. 114 3/4 mile to property on the north side of the road. Tract 2: Approximately 1/4 mile east of the junction of U.S. 41 and St. Rd. 114 on St. Rd. 114. Property is on the north side of St. Rd. 114. Tract 3: From the junction of U.S. 41 and St. Rd. 114, go east on St. Rd. 114 approximately 1/4 mile to 200...
Part of Sections 22, 23 & 30, T29N, R9W (Beaver Twp.) Tract 1: From east of Morocco at the junction of U.S. 41 and St. Rd. 114, go east on St. Rd. 114 3/4 mile to property on the north side of the road. Tract 2: Approximately 1/4 mile east of the junction of U.S. 41 and St. Rd. 114 on St. Rd. 114. Property is on the north side of St. Rd. 114. Tract 3: From the junction of U.S. 41 and St. Rd. 114, go east on St. Rd. 114 approximately 1/4 mile to 200 W. Turn north (left) onto 200 W and go approximately 3/4 mile to the property on the east side of the road. Tracts 4-7: On both sides of U.S. 41, just a short distance north of the junction of U.S. 41 and St. Rd. 114. Tract 8: From the junction of U.S. 41 and St. Rd. 114, travel west on 400 S (Michigan Ave, in Morocco) for approximately .3 mile to the property on the north side of the road. Tract 9: From the junction of U.S. 41 and St. Rd. 114, travel west on 400 S approximately 2-3/4 to 500 W. Tract 9 is at the southwest corner of 400 S and 500 W.
AUCTION LOCATION
South Newton Elementary School Gymnasium, 13188 S. 50 E. Kentland, IN 47951. From U.S. 41 and U.S. 24 in Kentland, travel east on U.S. 24 for approximately 3 miles to County Road 50 E. Turn north (left) on 50 E. and travel approximately 2-3/4 miles to auction site on the left.
TRACT DESCRIPTIONS
Tract 1: 40 ac Productive soils with 39.19 tillable acres. State Highway 114 frontage.
Tract 2: 119 ac Productive soils with 114.74 tillable acres. Road frontage on State Highway 114 and County Road 200 W. A drainage ditch borders the northeast side of the back field. Access to the back field is via an easement on neighboring property as generally outlined on the tract map.
Tract 3: 20 ac Productive soils with 18.42 tillable acres. Frontage on County Roads 200 W and 300 S. Investigate possible home sites on this tract.
Tract 4: 37.5 ac Productive soils with 36.24 tillable acres. This tract fronts on U.S. 41 and may have an old curb cut from U.S. 41. This tract also has frontage on County Roads 350 S. and 200 W.
Tract 5: 33.5 ac Productive soils with 31.65 tillable acres. This tract fronts on U.S. 41, State Road 114 and 200 W.
Tract 6: 35.5 ac Productive soils with 34.93 tillable acres. This tract fronts on U.S. 41 and Michigan Avenue (400 S). Investigate development potential due to the proximity of municipal utilities, U.S. 41 and State Road 114.
Tract 7: 30.5 ac Productive soils with 28.75 tillable acres. Frontage on U.S. 41 and 350 S.
Tract 8: 49 ac Productive soils with 45.68 tillable acres. The south end of the farm fronts on Michigan Avenue (400 S) while the north end fronts on 350 S.
Tract 9: 39 ac Productive soils with 37.66 tillable acres. This tract has frontage on 400 S and 500 W. Investigate possible home sites on this tract.
Note: The total acreage of 417+/- acres is the approximate total of the acreages on the property record cards, less 3.962+/- acres with buildings not included in the auction out of tract 4. Tract acreages total 404+/- acres. Tract acreages are estimated net of U.S. 41 right of way. See Terms and Conditions for additional information.
REAL ESTATE TAXES: (2015 payable 2016) TR 1: $1,567.26; TR 2: $4,114.30; TR 3: $638.72; TR 4-8: $8,981.70 (Includes buildings and approximately 4+/- acres not included in auction); TR 9: $1,364.20
DRAINAGE ASSESSMENTS: TR 1: $40.00; TR 2: $119.26; TR 3: $20.00; TR 4-8: $569.32; TR 9: $296.80
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