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Auction Date: 04/03/2023 Auction Time: 11:00 AM EST
Auction Location: Bainbridge Community Center, 201 US-36, Bainbridge, IN 46105
Entire Farm Description:
Nice sized productive tillable tract of ground in a convenient area of Putnam Co. Property has a good road frontage with multiple building site possibilities along with easy access for farm equipment.
60.44+/- total acres with 48.99 productive tillable acres according to the FSA. The overall NCPPI rating is 78.2 and is primarily composed of Reesville, Xenia and Russell silt loams. If you're looking for a solid land investment, a 1031 exchange possibility or just to simply diversify your wealth portfolio, this is an excellent option. With approximately 2700 feet of road frontage from the south and east, there are multiple ideal areas for building sites. The property is in a great location with...
60.44+/- total acres with 48.99 productive tillable acres according to the FSA. The overall NCPPI rating is 78.2 and is primarily composed of Reesville, Xenia and Russell silt loams. If you're looking for a solid land investment, a 1031 exchange possibility or just to simply diversify your wealth portfolio, this is an excellent option. With approximately 2700 feet of road frontage from the south and east, there are multiple ideal areas for building sites. The property is in a great location within the county, only 15 minutes to downtown Greencastle, 45 minutes to Indianapolis and 1 mile west of Bainbridge.
Details:
Tract #: 1Deeded acres: 60.44Soil Types: Reesville silt loam, Xenia silt loam, Russell silt loam, Miami clay loamSoil PI/NCCPI/CSR2: NCCPI 78.2CRP Acres/payment: .9 acres paying $270.80/acre expires 9/24Taxes: $1,157 for the whole year.Lease Status: Open Tenancy for the 2023 crop year after the wheat harvestPossession: Immediate possession subject to current tenant's rights for 2022 wheatSurvey needed?: No survey neededBrief Legal: E1/2 Ne S10 T15N R4W 60.34a Putnam Co, INPIDs: 670510100008000013Lat/Lon: 39.7548, -86.8341Zip Code: 46105
Property Features:
- Bidders may participate in the auction on-site or online at Ranchandfarmauctions.com
- Onsite bidders should bring a government-issued ID
- 10% down payment immediately after auction - cash, personal, or business checks accepted
- If the winning bid is online, you will be immediately contacted to make arrangements for the 10% down payment and a purchase contract will be sent via DocuSign
- High bidder has 30 days to close unless otherwise noted
- Announcements on auction day will take precedence over any prior announcements
- This is a no contingency sale and is not subject to financing or additional inspections
- Possession at closing, subject to tenant’s rights, if any
- If a survey is needed it will be done following the auction and the total purchase price will be adjusted to the surveyed acres
- All information provided is derived from sources believed correct but is not guaranteed or warranted - Bidders shall rely entirely on their own information and judgments
- Great area, 15 minutes to downtown Greencastle and 45 minutes to Indianapolis
- NCCPI rating of 78.2
- Great option for 1031 exchange
- Lots of road frontage
- Easy access for farm equipment
- Several building site possibilities
- 1 mile west of Bainbridge near US 36
- Open tenancy upon removal of current wheat crop
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