Real Estate Information Sheet for the
Real Estate Public Auction of
60 -Acre Fayette County Farm
Nearly All Tillable - Offered in 1 Parcel
12 Miles Northeast of Rushville, IN
5 Miles North of Glenwood, IN
1 Mile North of Falmouth, IN
On the Fayette -Rush County Line w/ frontage on CR 500N & 850W, Fayette County, IN
Located in Section 34 (T15N, 11E), in Fairview Township Fayette Co., IN
Offered in One Rectangular Parcel of 60 Acres
Auction will be held on location at Falmouth Farm Supply
4378 N Co Rd 850 W, Falmouth, IN
Saturday, March 29 - 2025 10:00 AM
County Government Information:
* All tracts are in the A-1 (Prime Agriculture) zoning designation. Property is subject to
the regulations of the Fayette County Area Planning Commission, located at 401 N
Central Avenue, Connersville, Indiana. Director: Bill MacDaniel. Tele # 765-827-
4352. (bmacdaniel@co.fayette.in.us
* Any new driveway must obtain permission from the Fayette County Highway
Department. To inquire as to the possibilities of entrances, contact the Fayette
County Highway, at 1931 S SR 121, Connersville, Indiana Tele # 765-825-5981.
Chris Gettinger Highway Supervisor.
* Any new homes built on these properties will need septic approval from the Fayette
County Health Department, located at 401 Central Avenue, Connersville, Indiana. Health Officer Dr. Wayne White. Tele # 765-825-4013
* All tracts are in the Fayette County School Corporation at 1401 Spartan Drive, Connersville IN 47331. Tele # 765-825-2178. fcscconnect@fayette.k12.in.us
* Property has a Falmouth, Indiana (46127) mailing address
Property Information:
* 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.
* No municipal sewer, gas or water is currently available in this area.
* Duke Energy provides electric service in this area. To inquire about electric service, contact them at 1-800-521-2232.
* Any existing easements will remain in with the property.
One Tract - 60 Acres No buildings No Wooded Land
The buyers will agree and acknowledge:
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.
Seller will transfer title with a warranty deed. Any OWNERS TITLE
INSURANCE POLICY necessary will be the financial responsibility of the buyer.
Payment to be made as follows: 10% of the sales price down on the day of sale, and the balance within 45 days.
There is an existing LandlordTenant Farm Lease Contract for the 2025-2026-2027 growing seasons between the current owners (landlord) & Drew Dora (tenant). The annual rental per acre price is based on the annual Purdue University Land Value & Cash Rent Survey. The cash Rent payment for this farm is based on the top tillable category for farmland plus $15.00 per acre. (Example: 2023 Cash Rent according to Purdue University was $ 295.00 per acre plus the agreed amount of $15.00 per acre additional payment or a total of $ 310.00 per acre).
Payments for the cash rental contract are to be paid on 2 equal payments due on April 15 & November 15 of each year (½ in the spring &½ in the fall).
This contract will be transferred to the new owner for the 2025-2026 & 2027 seasons.
Real Estate Taxes due in the spring & fall of 2025 are to be paid by the buyer as well as all taxes thereafter. (Buyer may elect to have the seller pay the Spring Real Estate Taxes and reimburse the sellers for that amount from the spring farm rental payment).
Real Estate closings will be handled by SE IN Title Inc., 1048 SR 46 E,
Batesville, IN. 47006. Doug Amberger Attorney, 812-934-3208
Order of Auction - ONE PARCEL ONLY
A) This Parcel will be auctioned by the acre as determined by the existing Deed
B) After auction has been concluded, the owner will confirm (or reject) the sale.
Karen Durrant & Kristin Klapper OWNERS
Cooperating Broker - United Real Estate
Kenny Aulbach 317-509-3420
Auctioneers Note: THIS IS AN EXCELLENT FARM IN A PRIME LOCATION A VERY RARE OPPORTUNITY!
DAVE WHITE Brookville, In. 765-265-3883 - AUCTIONEER (In, AUO1015949, Oh, 57199772539, Ky. RP 07139) - & REAL ESTATE BROKER (In. IB51239082, & Oh, 20040001184)
Live Auction
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