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COURT ORDERED CORYDON I-64 COMMERCIAL 57 AC LAND ONLINE AUCTION

by Beckort Auctions, LLC

When

May 22, 2018 - BIDDING ENDS 2:00 PM! Eastern

Where

Estate of Hazel Mueller and Mary Swank
Quarry Road NW
Corydon, IN 47112

How

Online Only Auction

Notes

Highlights include: 57.4 +/- acres of vacant land currently used as tillable acreage. Property includes frontage on I-64, Quarry Rd, & John Anthony Lane. Will be offered in three tracts.

Inspection: Vacant land, view any time.

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Conducted By

Beckort Auctions, LLC

115 E. Chestnut St.
Corydon, IN 47112

812-738-9476

http://www.beckortauctions.com

Auction Listing

 
COURT ORDERED REAL ESTATE AUCTION
CORYDON EXIT #105 - I-64 FRONTAGE 
57 +/- ACRES – 3 TRACTS-COMMERCIAL
ROAD FRONTAGE-TILLABLE ACREAGE
ONLINE ONLY-BIDDING ENDS MAY 22
ADDRESS: Quarry Road, Corydon, IN  47112
Located on northwest corner of I-64 Corydon Exit #105, next to Corydon Industrial Park!

CLICK ON “VIEW DOCUMENTS” ABOVE FOR AERIALS, SOIL DATA, TAX INFO, ETC.
 
REAL ESTATE INFO: A rare opportunity to purchase 57 +/- acres of PRIME commercial/industrial property located near the I-64 Corydon Exit with frontage on Interstate 64! Land is located just 2400’ +/- from IN-35, includes 500’ +/- frontage on Quarry Road, & 1700’+ of I-64 highly visible road frontage! Nearly all land is currently being farmed and has no improvements. Property is split by private road-John Anthony Lane. 
 
TRACT #1: Includes 4.644 +/- acres. Frontage: 499’ +/ on Quarry Road & 404’ +/- on John Anthony Lane. Property has good visibility from Quarry and is nearly all tillable acreage.

TRACT #2: Includes 28.048 +/- acres. Frontage: 719’ +/- on Interstate 64 & 484’ +/- on John Anthony Lane. All acreage lies on west side on John Anthony Lane and is nearly all tillable acreage. Access is via John Anthony Lane. NOTE: two existing gas well located on this tract. 

TRACT #3: Includes 24.285 +/- acres. Frontage: 942’ +/- on Interstate 64 & 525’ +/- on John Anthony Lane. Access is via John Anthony Lane. All acreage lies on east side on John Anthony Lane and is nearly all tillable acreage.

CURRENT ZONING: B2-NOTE: See “View Documents” for zoning details & specifics.
 
UTILITIES: Sewer provided by Town of Corydon-runs along John Anthony Lane; Water provided by Town of Corydon-10” line running along John Anthony Lane; electric provided by Harrison REMC; & natural gas available through Indiana Utilities. 
 
FSA/SOIL INFO:  Per FSA 56 +/- tillable acres. Soils consist of Crider & Vertrees varieties. NOTE: See “View Documents” for soil specifics.
 
JOHN ANTHONY LANE ROADWAY AGREEEMENTS: See "View Documents" for specifics.
 
INSPECTION: Vacant land, view any time.
 
SURVEY: Completed March 2018, all fees paid by seller. NOTE: see “View Documents” for PDF version.
 
POSSESSION INFO: Possession at closing, but sells subject to existing farm lease on tillable acreage. NOTE: all 2018 farm lease payments to be paid to seller. 
 
GAS/MINERAL/OIL RIGHTS: Includes sellers’ interest in mineral rights on the 57.59 +/- acres. Mineral rights are currently leased & receiving royalties less than $1000/annually for the 2017 year. Property does include two existing gas wells on Tract #2 and existing pipeline easement.
 
LEGAL DESCRIPTION:  PT NE1/4; 24-3-3; 29.90 AC; NW1/4 24-3-3; 38.8278 AC (NOTE: See new survey for revised acreages.)
 
TAXES:  $734.26+/- per installment (based on current exemptions).
 
PARCEL ID:  31-09-24-126-003.000-007
 
REFERENCE POINTS: Louisville KY I-64 Sherman Minton Bridge-19 miles; Elizabethtown KY-48 miles; Evansville-95 miles; Cincinnati OH-122 miles; Indianapolis-130 miles
 
DIRECTIONS: From I-64 Corydon/Palmyra Exit 105, north on Hwy 135 to first left, turn on Quarry Road 0.5 miles to site on left.
 
OWNER: Estate of Hazel Mueller and Mary D. Swank

ONLINE ONLY REAL ESTATE AUCTION – COURT ORDERED – EXHIBIT A: TERMS & CONDITIONS

1. Conditions of Sale: This online only auction is 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. Buyer(s) shall pay all costs of closing with the exception of deed preparation paid by seller. 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. All real estate will be sold subject to the acceptance of the Court System.

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. The down payment may be made in the form of cash, cashier’s check, personal check, or corporate check. 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.

3. Lead Based Paint Disclosure: Buyers of any interest in residential real property with a residential dwelling built prior to 1978 are notified that such property may present exposure to lead from lead-based paint. The Seller(s) of such property is required to provide the Buyer(s) with any information on lead-based paint hazards from risk assessments or inspections while in the Seller(s) possession and notify the Buyer(s) of any unknown lead-based paint hazards. Any inspections and assessments for the presence of lead-based paint and/or hazards by a buyer(s) must be made prior to auction; otherwise, buyer(s) waives the 10-day opportunity to conduct such risk assessment/inspection and shall acknowledge receipt of lead-based paint disclosure form.

4. 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.

5. 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.

6. 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.

7. 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%) 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.

8. 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.

9. 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.

10. 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.

11. 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.

REVISED 06/07/2016
BECKORT AUCTIONS, LLC - 117 ½ E. CHESTNUT STREET - CORYDON, IN 47112 - 812-738-9476 - WWW.BECKORTAUCTIONS.COM
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From I-64 Corydon/Palmyra Exit 105, north on Hwy 135 to first left, turn on Quarry Road 0.5 miles to site on left.