Lot # : 1 - Tract 1: 2.5 Acres Vacant Land

Online Only Auction
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Price Realized:
16,960.00 USD
Shipping Not Available
Reserve Met
Farmersburg, IN 47850
Date(s)
1/13/2023 - 2/15/2023
AUCTIONEER INFORMATION
Catalog
Bidding Notice:

YOU MUST READ ALL TERMS AND CONDITIONS PRIOR TO BIDDING! IF YOU CANNOT COMPLY WITH ALL OF THE TERMS AND CONDITIONS, DO NOT BID! BUYER'S PREMIUM IS 6% OF TOTAL BID PRICE! PLEASE NOTE: BIDS ARE FOR TOTAL NOT PER ACRE! YOU MAY PLACE A MAX BID!

Auction Notice:

AUCTIONEER WILL CONTACT WINNING BIDDER AT CLOSE OF AUCTION TO SIGN THE OFFER TO PURCHASE AND COLLECT 10% EARNEST MONEY! YOU MAY PLACE A MAX BID!

Information
Lot # 1
Group - Category Real Estate - Ag / Farm Land
Lead Tract 1: 2.5 Acres Vacant Land
Description
Directions: From Lewis, IN go East 3 Miles to 500W; then South to 4789 W County Road 1150 S Jasonville, IN. The property is on the North Side of the Road. Watch for Johnny's Signs
Name Phipps Auction
Auctioneer
Johnny Swalls Auction, Inc.
Type Online-Only Auction
Date(s) 1/13/2023 - 2/15/2023
Auction Date/Time Info
INTERNET ONLY AUCTION BIDDING WILL START ON 1/13/2023 AND END ON 2/15/2023
Preview Date/Time PLEASE CALL 812-249-5090 FOR A PRIVATE SHOWING
Checkout Date/Time FEBRUARY 15, 2023
Location
111 W Main Street
Farmersburg, IN 47850
Buyer Premium 6% will be added to the total bid price
Description
James A. Phipps, Personal Representative & James E. Deal, Attorney for the Norma L. Phipps Estate will offer for sale: 4 Tracts Tract 1: 2.5 Acres Vacant Land Tract 2: 15 Acres (All Woods but 1 Acre Tillable) Tract 3: Home & Garage on 2.5 Acres Tract 4: 20 Acres Farmland Auction Ending Date: Wednesday, February 15, 2023 @ 2:00 PM
Auction begins January 13, 2023 @ 12:00 PM EST and will Close on February 15, 2023 @ 2:00 PM EST. DO NOT BID IF YOU CANNOT COMPLY WITH ALL OF OUR TERMS. This property is being sold AS IS. There are no guarantees or warranties of any kind! Bidders are encouraged to inspect the property in person. PLEASE NOTE: BIDS ARE FOR THE TOTAL NOT PER ACRE! Please Call 812-249-5090 to schedule a showing. BUYER'S PREMIUM: Buyer will pay 6% on top of the Bid Price to arrive at the final Contract Price. POSSESSION: At closing and not before. TERMS OF REAL ESTATE: The Successful Bidder will deposit 10% of the contract purchase price (minimum $1,000, except for exempt entities) at the Auction in the form of cash, cashier’s check, approved personal check or company check with bank letter of guarantee (no bank drafts). The Buyers will sign a non-contingent real estate contract with the balance due in 30 days or thereafter within 5 days of presentation of insurable title. The Real Estate will be sold “AS-IS” with no warranty, expressed or implied, but will be free and clear of any liens or encumbrances. An ALTA 2006 Title Insurance Commitment in the amount of the contract price will be supplied to the Buyers by the Seller and Seller shall pay for title search, premium for owner’s policy and cost to correct any title defects. If obtaining a loan, the Buyers shall pay the mortgage policy and recording of necessary documents. Please Call Johnny with any questions: 812-249-5090
Your bid must adhere to the bid increment schedule.
Bid Amount Bid Increment
0.00 - 10,000.00 1,000.00 USD
10,000.01 - 1,000,000.00 1,000.00 USD
1,000,000.01 - 9,999,999.99 10,000.00 USD
Currency USD
Buyer Premium 6% will be added to the total bid price
Payment Terms
PLEASE CALL 812-249-5090 FOR MORE INFORAMTION
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