THIS IS A COMPLETED SALE
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View current listings by this company
Gibson - Jarvas L.P. - 200 Ac in 5 Tracts - Metamora, IN
Listing ID#: 1376722
Auction Location |
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Brookville, IN 47012 |
Auction Dates and Times |
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Saturday Mar 12, 2022 Completed |
Auction Type |
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Company Information |
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White's Auctions est. 1922 Website: www.whiteswebsite.com GoToAuction.com ID#: 4845 View company information and listings |
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Listing Terms and Conditions |
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Real Estate Information Sheet for the
Real Estate Public Auction of
200 Acres of Vacant Land - Offered in 5 Parcels
2 1/2 Miles West of Metamora, IN
1/2 mile West of US 52 & SR 121 Intersection
All Parcels have Frontage on US 52
Located in Sections 28 & 32 (T12N R12E), of Laurel Township Franklin Co., IN
Offered in 5 Parcels from 10.9 to 72.8 Acres Each
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Auction will be held at Whites Realty Office at White's Farm
6032 Holland Road, Brookville, IN
Saturday, March 12 - 2022 10:00 AM
County Government Information:
* All tracts are in the A-2 (Agriculture) zoning designation. All parcels are subject to the regulations of the Franklin County Area Planning Commission, located in the New Government Center at 1010 Franklin Ave. Brookville, Indiana. Director: Cindy Orschell. Tele # 765-647-5731.
* Any new driveway must obtain permission from the Indiana State Highway Department. To inquire as to the possibilities of entrances, contact the Seymour District located at 185 Agrico Lane, Seymour IN 47274. Telephone 855-463-6848 or the Aurora Sub-district located at 8074 US Hwy 50, Aurora, IN 47001. Telephone 812-954-4206. Contact person: Diana Salsbury.
* The Franklin County Area Planning Commission must approve any further division of these parcels.
Property Information:
* Since 1938, nearly all of this property is in the Classified Forest and Wild Land Tax designation resulting in a greatly reduced tax rate. To inquire about specific program regulations, contact Jayson Waterman in District 15 of the Indiana DNR. His office is in Richmond 765-935-9415. It is our understanding that the new buyer may opt out (partially or entirely) of this tax classification by paying the back tax deficit over the last 10-year period. If any potential buyer is considering removing a portion (or the entire parcel) of the property from this tax classification, we (the Owners & Auctioneers) suggest that the prospective buyers contact the proper authorities concerning any specific tax reclassification.
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* No Percolation Tests have been done on any of the vacant parcels. Any potential buyer
may have these tests done at their own expense prior to the day of sale if they so choose.
* No Appraisal has been done on any of the individual parcels offered in this auction. Any potential buyer may have these appraisals done at their own expense prior to the day of sale if they feel the need for such appraisals.
* Property has a Laurel Indiana (47024) mailing address.
* All tracts are in the Franklin County Community School District located on Oxford
Pike, Brookville, IN. Tele # 765-647-2732.
* Rush-Shelby Energy provides electric service in this area. of To inquire about
electric service, contact them at 1-800-521-2232.
* No municipal water, sewer or gas is currently available in this area.
*Any existing easements will remain in with the property. There is a known existing easement on the South side of US 52 from US 52 to the property currently owned by Thomas Brooks, 90 Country Estates Terrace, Santa Cruse, California 95060. This is a recorded easement, granting unrestricted Ingress and Egress for that property. Additionally, the current driveway will be used as a shared driveway access for Tract # 1 & Tract # 2.
* There is an existing (very old) concrete passage under US 52 from Tract # 1 to Tract # 5. It was used (we assume) to transfer cattle from the North portion of the property to the South portion.
* As part of the Restrictive Covenants to protect existing and future neighbors, No Mobile Homes will be allowed on any of these parcels. Also, all dwellings on any of these parcels must contain a minimum of 1200 square feet of living area.
* At the time of sale, the buyer of adjoining tracts will have the right to request the adjoining tracts to be transferred as one parcel (with one legal description) or as the multiple tracts as offered during the auction.
* Possession to be given at closing, upon final payment.
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Tract # 1 Approx. 10.9 acres of vacant wooded land w/ Frontage on the south side of US 52
Tract # 2 Approx. 25 acres of vacant wooded land w/ frontage on the south side of US 52
(Tracts # 1 & # 2 will have a shared Driveway off of US 52 which is also access for the adjoining property to the south of Tracts # 1 & #2))
Tract # 3 Approx. 18.6 acres of vacant wooded land w/ frontage on the north side of US 52
Tract # 4 Approx. 72.8 acres of vacant wooded land w/ frontage on the north side of US 52
Tract # 5 Approx. 72.4 acres of vacant wooded land w/ frontage on the north side of US 52
(Tracts # 4 & # 5 will have a shared Driveway off of US 52)
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The buyers will agree and acknowledge:
To accept the property "AS-IS" in the condition that it exists on the day of sale. As
was customary several years ago, ravines were used as dumps for agricultural items used on the farms. This practice may have been used on this farm. The auction company wants all prospective buyers to know that if any such items are left on any of the tracts, (whatever and wherever they may be), the buyer will accept them without question or recourse.
2) Real Estate Taxes due in 2022 are to be paid by the seller, the buyer will assume and
agree to pay the taxes due in the spring of 2023 and all taxes thereafter.
3) To purchase the sale acreage as an estimated acreage and agree to pay the purchase price per acre multiplied by the final survey acreage to determine the final sales price.
4) This sale is not contingent upon any appraisals or subject to approval of any type of financing. The buyer will agree to purchase the real estate as is and if in any event chooses not to close this real estate transaction, they will forfeit the down payment to the sellers.
6) Seller will transfer title with a warranty deed. Any OWNERS TITLE INSURANCE POLICY necessary will be the financial responsibility of the buyer.
7) Payment on all tracts will be made as follows: 10% of the estimated final sales price down on the day of sale, and the balance within 30 days.
8) Possession to be given at closing, upon final payment.
9) Real Estate closings will be handled by Mullin, McMillin & McMillin, LLP, 814 Main Street, Brookville, IN. 47012. Tele # 765-647-4105. Amber McMillin Orozco Attorney for the Gibson-Jarvis LP
10) Survey parcel division expense will be paid by the seller and completed by Andy
Murray of Meyer & Murray Land Surveyors located at 420 Court Street, Brookville, IN 47012. Telephone 765-647-4725.
PARCELS WILL NOT BE COMBINED AND OFFERED AS A WHOLE.
If the buyer wishes to purchase the entire property, they must begin bidding when
first parcel is offered.
Order of Auction:
CHOICE OF ALL TRACTS will be auctioned by the acre. The high bidder will have the option of taking his or her choice of any of the tracts (or any combination of the tracts). The bid price per acre will be multiplied by the estimated acreage of the total of all tracts taken to determine the estimated sales price.
If the high bidder selects only one or two of these tracts, the remaining tracts will
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be offered in the same manner. This process will continue until all of tracts have been taken.
After all of the tracts have been offered, the owners will confirm (or reject) the sale of the property.
Gibson-Jarvis LP OWNERS
DAVE WHITE Brookville, In. 765-647-5360 - AUCTIONEER (In, AUO1015949, Oh, 57199772539, Ky. RP 07139) - & REAL ESTATE BROKER (In. IB51239082, & Oh, 20040001184)
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Listing Information |
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Public Auction
200-Acres of Vacant Wooded Land
2 1/2 Miles West of Metamora, IN
1/2 mile West of US 52 & SR 121 Intersection on US 52
Located in Sections 28 & 33(T12N R12E), of Laurel Township Franklin Co., IN
Offered in 5 Parcels from 10.9 to 72.8 Acres Each
All with Road Frontage on US 52
Auction will be held at Whites Realty Office at White's Farm
6032 Holland Road, Brookville, IN
Saturday, March 12 - 2022 10:00 AM
Tract # 1 Approx. 10.9 acres of vacant wooded land w/ Frontage on the south side of US 52
Tract # 2 Approx. 25 acres of vacant wooded land w/ frontage on the south side of US 52
Tract # 3 Approx. 18.6 acres of vacant wooded land w/ frontage on the north side of US 52
Tract # 4 Approx. 72.8 acres of vacant wooded land w/ frontage on the north side of US 52
Tract # 5 Approx. 72.4 acres of vacant wooded land w/ frontage on the north side of US 52
Terms & Conditions listed on the information sheet listed online.
Open House on Site: Sunday, February 27 - 1-3 PM
AUCTIONEERS NOTE: Most of this property is in Classified Forest & Wild lands, Tax designation that results in a greatly reduced tax rate.
THIS IS AN OUTDOORSMANS & HUNTERS PARADISE COME OUT & TAKE A LOOK!
Call White's Auctions & Realty for more information - 765-265-3883
Gibson Jarvis L.P. OWNERS
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