Mayo Auction & Realty - Pownell

Browse Bid and Win


by Halderman Real Estate Services, Inc.


Jan 17, 2017 - 6:30 PM Eastern


Walton Public Library
110 N Main Street
Walton, IN


Live Auction


Sold. . . . Sold. . . . Sold
The auction team was in Cass County tonight offering an outstanding farm. A nice crowd was on hand to compete for the opportunity to purchase this excellent farm. With all interest in the whole farm the bidding was active and quickly pushed the bid to the final selling price of $350,000 or $7,865 per acre. Congratulations to the successful bidders and thanks to everyone who attended the auction.

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Conducted By

Halderman Real Estate Services, Inc.

PO Box 297
Wabash, IN 46992


Ending Time

Jan 17, 2017 11:00 PM

Auction Listing

General Information

-Total Acres:44.50
-Tipton Township - Cass County, IN

-Type of Sale: Auction
-Good Farmland
-Status: New
Real Estate Auction Information

Auction Date: January 17, 2017
Auction Time: 6:30 PM
Auction Location: Walton Public Library: 110 N Main Street, Walton, IN 46994
Contact Information

Area Manager:
Peru, IN
Area Manager:
Peru, IN
Open Houses

No Open Houses.
Property Information

Type Of Operation: Farm

Current Zoning: Agricultural

School System: Lewis-Cass

Building Description:

Annual Taxes: 1,559.80

Ditch Assessment:

Topography: ^Gently_Rolling_to_Rolling^
Soil: Fincastle silt loam, Tipton Till Plain; Cyclone silt loam; Russell silt loam

Farm Name: Pownell, Ronald & Lucinda
Property Location

Property Address: 950 E 450 S, Walton, IN
Region: IN

General Location: North edge of Onward, IN; 4 miles northeast of Walton, IN

Specifics - Auction Terms
METHOD OF SALE: Halderman Real Estate Services, Inc. (HRES, IN Auct. Lic. #AC69200019) will offer this property at public auction on January 17, 2017. At 6:30 PM, 44.5 acres, more or less, will be sold at the Walton Public Library, 110 N. Main Street, Walton, IN. This property will be offered as a single unit. Each bid shall constitute an offer to purchase and the final bid, if accepted by the Sellers, shall constitute a binding contract between the Buyer and the Sellers. The auctioneer will settle any disputes as to bids and his decision will be final. To place a confidential phone, mail or wire bid, please contact Larry Jordan at 765-473-5849 or AJ Jordan at 317-697-3086 at least two days prior to the sale.
ACREAGE: The acreages listed in this brochure are estimates taken from the county assessor’s records, FSA records and/or aerial photos.
SURVEY: The Sellers reserve the right to determine the need for and type of survey provided. If an existing legal description is adequate for title insurance for the tract, no new survey will be completed. If the existing legal description is not sufficient to obtain title insurance, a survey will be completed, the cost of which will be shared 50/50 by the Sellers and the Buyer. The Sellers will choose the type of survey to be completed and warrant that it will be sufficient to provide an owner’s title insurance policy for the tract. If a survey is completed, the purchase price for the surveyed tract will be adjusted, up or down, to the exact surveyed acres. The price per acre will be the auction price bid for the tract, divided by the tract acreage estimated in the auction brochure.
DOWN PAYMENT: 10% of the accepted bid down on the day of the auction with the balance due at closing. The down payment must be in the form of personal check, cashier’s check, cash or corporate check. YOUR BIDDING IS NOT CONTINGENT UPON FINANCING. BE SURE YOU HAVE FINANCING ARRANGED, IF NECESSARY, AND ARE CAPABLE OF PAYING CASH AT CLOSING.
APPROVAL OF BIDS: The Sellers reserve the right to accept or reject any and all bids. All successful bidders must enter into a purchase agreement the day of the auction, immediately following the conclusion of the bidding. Successful bidders must execute purchase agreements on tracts exactly as they have been bid.
DEED: The Sellers will provide a Warranty Deed at closing.
EVIDENCE OF TITLE: The Sellers will provide an Owner’s Title Insurance Policy to the Buyer. The Buyer is responsible for a Lender’s Policy, if needed. If the title is not marketable, then the purchase agreement is null and void prior to the closing, and the Broker will return the Buyer’s earnest money.
CLOSING: The closing shall be on or about February 17, 2017. The Sellers have the choice to extend this date if necessary.
POSSESSION: Possession of land will be at closing.
REAL ESTATE TAXES: Real estate taxes paid in 2016 were $1,559.80. The Sellers will pay real estate taxes for 2016 due 2017. Buyer will be given a credit at closing for the 2016 real estate taxes due 2017 and will pay all taxes beginning with the spring 2017 installment and all taxes thereafter.
MINERAL RIGHTS: All mineral rights owned by the Sellers will be conveyed to the Buyer(s).
PROPERTY INSPECTION: Each potential Bidder is responsible for conducting, at their own risk, their own independent inspections, investigation, inquiries and due diligence concerning the property. Further, Sellers disclaim any and all responsibility for bidder’s safety during any physical inspections of the property. No party shall be deemed to be invited to the property by HRES or the Sellers.
AGENCY: Halderman Real Estate Services Inc., Russell D. Harmeyer, Auctioneer, and their representatives, are exclusive agents of the Sellers.
DISCLAIMER: All information contained in this brochure and all related materials are subject to the Terms and Conditions outlined in the purchase agreement. This information is subject to verification by all parties relying upon it. No liability for its accuracy, errors or omissions is assumed by the Sellers or HRES. All sketches and dimensions in this brochure are approximate. ANNOUNCEMENTS MADE BY HRES AND/OR THEIR AUCTIONEER AT THE AUCTION DURING THE TIME OF THE SALE TAKE PRECEDENCE OVER ANY PREVIOUSLY PRINTED MATERIALS OR ANY OTHER ORAL STATEMENTS MADE. The property is being sold on an “AS IS, WHERE IS” basis, and no warranty or representation, either express or implied, concerning the property is made by the Sellers or HRES. Each prospective bidder is responsible for conducting his/her independent inspections, investigations, inquiries and due diligence concerning the property. Except for any express warranties set forth in the sale documents, Buyer accepts the property “AS IS,” and Buyer assumes all risks thereof and acknowledges that in consideration of the other provisions contained in the sale documents, Sellers and HRES make no warranty or representation, express or implied or arising by operation of law, including any warranty for merchantability or fitness for a particular purpose of the property, or any part thereof, and in no event shall the Sellers or HRES be liable for any consequential damages. Conduction of the auction and increments of bidding are at the direction and discretion of HRES and/or the auctioneer. The Sellers and HRES reserve the right to preclude any person from bidding if there is any question as to the person’s credentials, fitness, etc. All decisions of HRES and/or the auctioneer are final.
Walton Public Library: 110 N Main Street, Walton, IN 46994

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