ABSOLUTE REAL ESTATE AUCTION
HENRYVILLE 194 +/- AC HORSE/CATTLE FARM
REMODELED FARM HOUSE-INDOOR ARENA
INTERNET ONLY
BIDDING ENDS NOV. 12 7 PM
ADDRESS: 1820 Old State Road, Henryville, IN 47126
(Just 3 miles from I-65 Henryville Exit #19)
FOR ADDITIONAL DETAILS CLICK ON THE FILES BUTTON ABOVE (AERIALS, APPRAISAL, ASSESSMENT & TAX INFO)! CLICK ON PHOTOS BUTTON ABOVE FOR 60 DETAILED PHOTOS!
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REAL ESTATE SUMMARY: A RARE opportunity to purchase large acreage that has been immaculately well-kept! This beautiful 194 +/- acres farm is located just three miles from I-65 and within 45 miles of four airports (local & international). The land features include: 125 +/- acres of manicured rolling pastures/hay fields; 60 +/- acres of woodlands; three large ponds & natural springs. Highlights of the improvements include a well-kept 1890’s style farm house that has been remodeled from top to bottom; 1 ½ story 3BR/3BA, 3386 sf wood frame/vinyl siding home with central heat/air, 2-car 28'x24' attached garage, 128’x60’ indoor arena, 60’x40’ barn, 24’x36’ implement shed, 30’x32’ shop, 20’x24’ barn, and white board vinyl fencing! An excellent horse/cattle farm that is secluded and private.
TRACT #1: All improvements and 37.5 +/- ac (20+/- ac pasture/farmland & 12 +/- ac of wooded acreage), includes 200’+ of road frontage on Old State Rd. Water-public on site, dug well, fenced pond
TRACT #2: No improvements and 111 +/- ac (79 +/- ac pasture/farmland & 30+/- ac of wooded acreage), includes approx. 1100’+ of road frontage on Old State Rd. Water-developed spring, fenced pond, public water along Old State Rd, & stream running through woods
TRACT #3: No improvements and 45.5 +/- ac (26.5 +/- ac pasture/farmland & 18 +/- ac of wooded acreage), with access via a 50’ wide easement from Cedar Creek Drive, per restrictions on this tracts-no more than three homes can be built on this tract. Water-fenced pond
FARM/BUILDING DETAILS:
- Indoor Arena 128’x60’ with 12’x128’ overhang, steel framed, 4” sand base, totally insulated, washroom with hot/cold water, heated tack room & 75’ of mirrors, unlimited potential usage, full bath, two stalls, steel security bars on windows, made by KY Steel Truss Co and engineered for wind/snow load, designed to fully utilize the outdoor arena as well as easy egress to the pastures
- Steel framed 30’x32’ shop with self-supporting 11’ overhangs on two sides, loft, steel security bars on windows, insulated, & 11’ overhead door, made by KY Steel Truss Co
- Hay/storage barn 40’x60’ with new trusses and roof, three rubber matted pens
- 24’x36’ equipment shed with new roof
- 20’x24’ equipment shed with new roof
- Electric in ALL buildings
- City Water, one dug well, developed spring/1,000 gallon tank and available water in all pastures and paddocks
- Outdoor riding arena approx. 170'x130' with lime/sand base
- Three paddocks and dry lot with horse fencing
- Corral/holding pen with run-ins designed to handle livestock
- Three ponds
- Perimeter completely fenced with nine divisible fields
- Four fenced hay fields featuring Alfalfa, Brome grass, Timothy Grass, Orchard Grass, & Birdsfoot Trefoil
- Several miles of trails in woods, 2 miles from Clark State Forest
- Two pond with large and smallmouth bass, bluegill, red ear, crappie and channel catfish
- All field gaps have underground electric – culverts at drive-thrus; rock at all drive-thrus for erosion prevention
- Timber professional managed cut in 1990
HOUSE DETAILS:
- Total of 3386 sf +/-; 3BR/3BA; attention to detail was foremost in the owners mind of this remodel!
- Three bedrooms w/hardwood floors and area carpets
- Three baths w/hardwood floors, two tiles showers, two claw foot tubs and one foot tub
- Living Room with fireplace, marble hearth and custom stained glass entry
- Theater Room with carpet, wood stove and separate HVAC
- Office with hardwood floors and roof windows
- Dining Room open to living room, hardwood floors, pass-thru window and triple patio door
- Kitchen w/stainless high-end appliances, granite countertops and tile
- Pantry
- Laundry
- Numerous closets, two 7x11 walk-ins in Master Bedroom
- 2.5 car garage with water, sink, shelves, cabinetry and two overhead keyless entry doors
- Patio and porch
- House updated with new lighting, water heater, water line to property and three new HVAC units all within last four years
- Yard beautifully landscaped
- Propane tank – 1,000 gallon tank owner owned
- New dual heat pump in summer 2010
- New water line from road in 2010
- Home and farm on two separate electric meters
- Cistern under back patio of home
- Three zoned HVAC systems
- Centralized utility closet includes: hot water heater, water shut-off, electrical panel, cable, phone, satellite
- Dumbwaiter system
- Media center equipment, TV, surround sound system, appliances stay with home
- Includes existing tornado shelter in the yard with walls 2 blocks thick, concrete floor with drain, concrete ceiling and 3‘ steel door
CURRENT APPRAISAL: See website for May 2013 property appraisal-$1,300,000
TIMBER APPRAISAL: See website for October 2013 timber appraisal-estimated average of $1570/ac or total value of $98,910 (based on 63 acres of commercial size timber).
ROAD FRONTAGE/ACCESS/POTENTIAL DIVISIONS: Property has approx. 1385’ of road frontage on Old State Road and has an access easement from Cedar Creek Drive on northeast property corner. Property is eligible for multiple divisions.
SURVEY FEES: No survey fees apply is property is sold to a single buyer. But if there are multiple buyers, then the following surveys fees apply for each tract: Tract #1 - $1,286.00, Tract #2 - $3,553.00 and Tract #3 - $1,286.00.
WILDLIFE/TRAILS INFO: This property is well suited for hunters and photographers, daily viewing of turkey, squirrel, rabbit, quail, dove, and whitetail deer! Throughout the wooded areas there are multiple trails for horses or ATV enthusiasts, only one half mile from the Henryville Forestry.
FSA INFO: 128 +/- acres currently in pasture/hay production (potentially tillable); 59 +/- acres of wooded ground
POSSESSION/CLOSING INFO: Possession at closing, but closing must occur between December 1 and December 27, 2013. NO EXCEPTIONS!
UTILITY PROVIDERS: REMC Electric & Strucker Ford Water
OPEN HOUSE: Tues. Oct. 29 3-5 pm & Mon. Nov. 4 3-5 pm
LEGAL DESCRIPTION: GTS 284-285 191.976 AC BY DEED and GT.285 2.474 AC
TAXES: $2459/per installment. Seller to pay all of 2013 property taxes due in 2014.
PARCEL ID: 10-06-28-500-003.000-027 and 10-06-28-500-002.000-027
POINTS OF REFERENCE/INTEREST: 3 miles from I-65 Exit #19; 20 miles north of Louisville; 90 miles south of Indianapolis; 100 mile SW of Cincinnati; 130 miles NE of Evansville. Just 95 NW of Lexington Horse Park & only 2 miles west of Wooded Glen Retreat Center. Also, 0.7 miles from Cathedral Gardens & 4.4 miles from CountryLake Christian Retreat.
DIRECTIONS: From I-65 Henryville Exit #19, east on Hwy 160 0.4 miles, left (north) on SR 31 0.9 miles, right on Hebron Church Rd 0.9 miles, & left on Old State Rd 0.7 miles to site.
OWNER: Larry E. & D. Elaine Risk
1. Conditions of Sale: This online only auction is absolute with no reserve and is a cash sale not contingent on or subject to financing, appraisal, survey, or inspections of any kind, as agreed to by bidders at registration prior to bidding and specified in the attached Agreement to Purchase Real Estate. Seller and Buyer(s) shall pay their share of the costs of closing. Buyer acknowledges they are buying property �as-is�, �where-is�, without inspections or contingencies. Buyer(s) will rely on his/her own judgment and inspection. By signing an offer, Buyer(s) will be waiving the 10-day lead based paint test.
2. Closing Info: A Buyer�s Premium of 10% is added to the high bid. Please take this into consideration when bidding. At the close of the auction, the successful Bidder will be emailed an Agreement to Purchase Contract to be executed and returned to Beckort Auctions, LLC within twenty-four (24) hours of the completion of the auction along with 10% deposit of the total contract price. If method of payment of the 10% earnest deposit is made by credit card, there will be a 3% fee charged. The entirety of the remaining balance is due at closing on or before Thirty (30) days from Auction Day. Purchaser will be responsible for all wire transfers. Per the Contract, time is of the essence; you should proceed to closing within Thirty (30) days. Possession shall be given to the successful Buyer(s) at closing, seller will provide deed preparation.
3. Liquidated Damages: Successful Bidders not executing and returning their Contract with Earnest Money deposit within Forty Eight (48) hours of the conclusion of the auction will be considered in default. If your closing is delayed for any reason, by you, as purchaser, or other parties working on your behalf, including any lender you involve, you may be declared in breach of this contract, forfeit all deposits made and could additionally be liable for any and all costs incurred by Seller and Beckort Auctions, LLC incurred in a subsequent resale of the property. If such action occurs, Beckort Auctions LLC hereby has the right to disperse the deposit as stated in the listing agreement and the buyer has no claims to such money or property being sold. Liquidated damages are to cover cost of auction, cost incurred by seller, labor cost and additional cost of auction as not defined in this agreement. These liquidated damages do not restrict the seller from suing the buyer for performance damages and/or any additional damages the seller suffers by the default of the buyer.
4. Back-Up Bids: If you are not the successful bidder on the real estate and wish to make a back-up bid in case of default by the high bidder, please see Brian Beckort to receive a Back-Up Bidder Form.
5. Other Conditions: Buyer(s) must be prepared to make a cash offer. There are no contingencies to this sale (i.e., financing, appraisal, repairs, or inspections). Therefore, you should be pre-qualified by a lender prior to bidding if you require financing. This property is being sold for cash �as-is, where-is� with a closing deadline.
Beckort Auctions, LLC reserves the right to remove or cancel the bids and or bidding rights and privileges of any party at any time deemed not to be in the best interest of the seller. The identity of all bidders will be verified, bidding rights are provisional, and if complete verification is not possible, Beckort Auctions LLC will reject the registration, and bidding activity will be terminated.
All Beckort Auctions, LLC Online Only Real Estate Auctions are timed events that have an auto-extend feature. Any bid placed within 10 minutes of the auction ending will automatically extend the auction for 10 minutes from the time the bid is placed. Example: If an auction scheduled to end at 6:00 p.m. receives a bid at 5:59 p.m., the close time of the auction automatically extends to 6:10 p.m. The auto-extend feature remains active until no further bids are received within the 10 minute time frame.
6. Real Estate Brokerage Services Disclosure: Beckort Auctions LLC and their representatives are Exclusive Agents of the Seller(s). We do not represent the buyer(s) in any manner and we must be completely loyal and faithful to our client. Beckort Auctions LLC has an exclusive right to sell listing for this transaction. All negotiations must be conducted through Beckort Auctions LLC.
A two percent (2% variable) bid price commission, not to include any buyer�s premium if applicable, is available to properly registered Brokers/Agents. You must pre-register your Buyers with Beckort Auctions, LLC twenty-four (24) hours before the end of the auction by filling out and recording with Beckort Auctions a Broker Registration Form. Agents who fail to pre-register their Buyer will not be recognized as Buyer Agents and will not be entitled to a co-op commission. Broker/Agent cannot act as a Buyer and Broker/Agent on the same transaction. Please review the Broker Registration form for eligibility.
7. Beckort Auctions LLC Involvement in this Contract: The seller and buyer hereby agree that Beckort Auctions LLC is a part of this contract and shall receive compensation as stated in the agreement hereto or as stated in the listing agreement hereby made a part of.
8. Restrictions: Real Estate is sold subject to any and all existing matter of record, and all easements, building use or zoning laws and regulations. Taxes and assessments will be pro-rated to the closing date.
9. Additional Auction Information: All information published, announced or contained herein was derived from sources believed to be correct; however, it is not guaranteed by the seller or the auctioneers. Personal on-site inspection of all property is recommended. The failure of any bidder to inspect, or to be fully informed as to the condition of the property, will not constitute grounds for any claim or demand for adjustment or withdrawal of bid, offer or deposit money after its opening tender. This includes but is not limited to public information such as easements, restrictions, zoning, right-of-ways, or any other information that can be obtained as public record in the appropriate county court house concerning subject properties.
10. Technical Issues: In the event there are technical difficulties related to the server, software, internet or any other online auction-related technologies, Beckort Auctions, LLC reserves the right to extend bidding, continue the bidding or close the bidding. Neither the company providing the software, nor Beckort Auctions, LLC, shall be held responsible for the failure of the software to function properly for any reason.