summers estate - country homes, farms, ranches for …€¦ · · 2010-03-19• large yard 43...
TRANSCRIPT
Summers EstateSpencer (Carp), Indiana
Hobby farm with a beautiful country setting located on a paved main highway with a great view.
www.UnitedCountryIN.com
1
Executive Summary Property Description 2
Property Profile 3
State Map 4
Local Map 5
Aerial Map 6
Legal Description 7
Land Survey 9
Contacts Contacts 11
County / City Information County Information 12
The information contained herein has been obtained from other third party sources. We have not veri�ed its accuracy. Seller and United Country Co�ey Realty & Auction make no guarantee, representation, or warranty whatsoever concerning any of the materials or information contained herein. It is the sole responsibility of anyone reviewing this material to evaluate the accuracy, completeness, and usefulness of all information contained herein. The Seller and United Country Co�ey Realty & Auction make no express or implied warranties, representations, or endorsements whatsoever concerning the material presented or the proposed transaction referenced in herein, including without limitation any warranties of title, non-infringement, merchantability, or �tness for a particular purpose, and Seller and United Country Co�ey Realty & Auction shall in no event be liable for any damages whatsoever resulting from the use of or reliance on any information contained herein.
Property Name
Table ofContents
Table of Contents
Summers EstateExecutive Summary Property Description ..................................................2 State Map ..................................................................3 Local Map ..................................................................4 Aerial Map .................................................................5 Legal Description ...................................................... 6
Contacts Contacts ....................................................................7
County/City Information County Information ................................................... 8
Additional Information County Assesment ..................................................10 Contract ..................................................................14 Terms ......................................................................17 BidCertification.......................................................19 Auction Advantages ................................................20
Executive Summary
Summers Estate
The Estate of R. William Summers Spencer (Carp), IndianaHobby farm with a beautiful country setting located on a paved main highway with a great view.
•24.5 +/- acre Hobby Farm• 4 barns (outbuildings)• 1,200 square foot all brick ranch style 2 bedroom/1 1/2 bath home with full basement• 2 car attached garage• Plenty of pasture space• Large yard
43 Miles from Indianapolis, Indiana 9 Miles from Hwy 7010 Miles from Spencer, Indiana18 Miles from Ellettsville, Indiana25 Miles from Bloomington, Indiana
COUNTYOwen
ACRES24.5 +/-
ZONINGAgricultural
Property Description
Executive Summary
Summers Estate
Indiana State Map
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MileByMi le .comFree Indiana Maps &Indiana Road Map Travel Guides
Copyr ight 2005
SPENCERSPENCER
Executive Summary
Summers Estate
Local Map
Executive Summary
Summers Estate
Aerial Map
Executive Summary
Summers Estate
The west half of the southwest quarter of section 16, Town-ship 11 north, Range 3 west.
EXCEPT: Commencing at the northwest corner of the southwest quarter of section 16, township 11 north, range 3 west, running thence east 80 rods, thence south 60 rods, thence west 80 rods, thence north 60 rods to the place of beginning, containing 30 acres, more or less, except the following part of the said real estate heretofore deeded to the Bethany Presbyterian Church and described as fol-lows: Commencing at the northwest corner of the south-west quarter of said section 16, township 11 north, range 3 west, thence east 10 rods, thence south 8 rods, thence west 10 rods, thence north 8 rods to the place of begin-ning.
Subject to all legal highways, easements and restrictions of record.
ALSO EXCEPT: In the South of the Northwest corner of the Southwest Quarter of section 16, Township 11 North, range 3 West, thence East 1320.0 feet to a point; thence South 825.0 feet to a point, thence West 1320.0 feet to a point; thence North 825.0 feet to the point of beginning, containing 25 acres, more or less.
Legal Description
Contacts
Summers Estate
Property Related ContactsUnited Country Coffey Realty & AuctionJimmie Dean Coffey, CAI, AARE, [email protected]
CountyAssessor CountyExtensionOffice812.829.4165 812.829.5020
County Surveyor Auditor812.829.4165 812.829.5000
Treasurer 812.829.5011
County Police Department812.829.4874
State Police Department812.332.4411
Chamber of Commerce812.829.3245
Economic Developmenthttp://www.owencountyindiana.org/
DNR Fish & Wildlifehttp://www.in.gov/dnr/water/3844.htm
Websites of interesthttp://www.owencounty.in.gov/html/http://www.owencountyindiana.org/
Estate Attorney Hickam & Lorenz Attorneys at Law Jack R. Woodruff(812)829-2221
CountyInformation
Summers EstateOwen CountyCounty Overview
a. Carp is a community or populated place (Class Code U6) lo-cated in Owen County at latitude 39.385 and longitude -86.761 (Carp Panoramio Photos). The elevation is 722 feet. Carp ap-pears on the Cataract U.S. Geological Survey Map. Owen Coun-ty is in the Eastern time zone (GMT -5). Observes DST? Yes
b. Spencer: Spencer is nestled along the banks of the White River in eastern Owen County. As the county seat, the Owen County Courthouse lies on the square in downtown Spencer. Located 55 miles southwest of Indianapolis, it is flanked by Bloomington to the east and Terre Haute to the west. To the south you will find Freedom, Worthington and Switz City. It is situated in a valley along the north bank of the West Fork of the White River. The surrounding area is known as Owen Valley. Owen Valley is also the same name as the county-wide consoli-dated high school that is located on the westside of Spencer.
Composed of a vintage residential community, Spencer offers diversity in housing ranging from modest single family homes to apartments to homes of distinct, mostly Victorian, architectural design located along Hillside Avenue and Main Street.
Spencer is recognized for its tree-lined streets, excellent school system and outstanding city services. Along with a downtown area that is currently being revitalized, you will find a new public library, an old Carnegie Library, a YMCA, Cooper Park along the river, and many other interesting and historic building located throughout the town.
Morgan Street, the main east-west road through town, is the convergence of three major highways: US 231, SR67, SR46. In 1920, Spencer was the Center of Population for the United States. Because of that, the nickname for the athletic teams of Spencer High School was the COPS.
Spencer offers all the amenities of city living and the charm of a small town. With Bloomington, home of Indiana University just 20 minutes away, you can enjoy the pleasure of a relaxing rural community and be just minutes away from a Broadway play, a world-class music recital or opera, or any number of nationally known artists and actors.
CountyInformation
Summers EstateStatistics(sources: STATS Indiana and US Census Bureau)
· Founded: 1820, Named for Captain Spier Spencer who was killed on November 11, 1811 in the Battle of Tippecanoe.
· Location: 39° 17′ 13″ N, 86° 45′ 51″ W
· Elevation: 561 feet/171 meters
· Temperature:
o Average 54
o Range - 27° in January to 76° in July
· Precipitation: 43 inches (yearly average)
· Population: 2,481 (2007 est.)
o In 1920, Spencer was
· Average age: 38.7 (Owen County, 2005)
· Median Household Income: $28,684 (1999)
· Employment (top five, 2000):
o Manufacturing - 31.6%
o Retail Trade – 13.9%
o Education, Health and Social Services – 10.7%
o Construction – 8.8%
o Professional, Scientific, Management – 5.5%
· Employers (top five):
o Boston Scientific Corporation
o Spencer Owen Community School Corporation
o Cook Urological, Inc.
o Owen County
o Babbs Supermarket, Inc.
County Assesment
Summers Estate
County Assesment
Summers Estate
County Assesment
Summers Estate
County Assesment
Summers Estate
sampleContract
UNITED COUNTRY, COFFEY REALTY & AUCTION6391 S. Old SR 37, Bloomington, IN
(812) 824-6000 phone ~ [email protected]
AUCTION SALES CONTRACT
This Contract of sale made and entered this 8th day of April 2010, by and between Estate of R. William Summers hereinafter called the Seller(s) and hereinafter called the Buyer(s):
The Buyer hereby agrees to purchase, the Seller hereby agrees to sell this property in “As is” condition (except conditions stated in statement of sale)Located at and commonly known as: 6532 N. US Highway 231 in the City of Spencer, County of Owen, and State of Indiana.
Legally described as: W ½ SW S16 T11 R3; 24.50A
Buyer herewith agrees to deposit with United Country, Coffey Realty & Auction, $ 9,000.00 dollars, as non-refundable earnest money deposit, and the balance of the purchase price will be due on delivery of clear title.
Seller(s) agrees to furnish a Personal Representatives Deed and good and marketable title free from all encum-brances, and a Preliminary Title Insurance Commitment. If the seller is unable to convey clear and marketable title the buyer’s down payment can be refunded.
_______ Buyer chooses to purchase an Owners Policy of Title Insurance at his or her expense.The seller will o pay all taxes up to and including the spring installment of the 2009 taxes due and payable spring 2010 (based on current tax rates). The Buyer will be responsible for the fall 2009 taxes due and payable in November 2010 and all subsequent real estate taxes and assessments thereafter.
Closing shall take place on Friday April 30, 2010. Closing fee will be paid by buyer. Possession is to be given day of final closing.
Buyer agrees to pay all cost of obtaining a loan to include preparing and recording Deed & note, Title Opinion if desired.
Title is to be conveyed subject to all restrictions, easement and covenants of record, subject to zoning ordinance or laws of any governmental authority. These premises are to be in the same condition as they are as of the date of this contract, ordinary wear and tear excepted. Seller is expected to bear risk of loss through the date of deed. In the event the premises are wholly or partially destroyed before the consummation of the transaction or delivery of the final papers, the Buyer shall elect or choose whether or not he will go through with the transactions, and in the event he chooses to go through with it, all insurance damages collectible as a result of the damage or destruction shall be assigned to him, the Buyer. If he chooses not to go through with the transaction, any earnest money held in escrow will be refunded in full.
Time being of the essence of this agreement, if the Buyer shall fail or refuse to perform this agreement of Buyer’s part, and the Seller shall be ready and willing to perform, the Seller shall be entitled to retain the entire down pay-ment / earnest money as liquidated damages for the breach of this agreement.
sample
“All successful bidders will be required to sign a note for the deposit amount. Note shall become null and void when undersigned shall complete all requirements for closing as set out in this contract.”
Per the terms & conditions as contained herein and announced in “statement of sale”, the property sells as shown below. This contract is subject to clearance of any check presented to United Country, Coffey Realty & Auction payable to JDC Group, Inc.
High Bid Selling Price $ .00Plus 10% Buyer’s Premium $ .00
Total Purchase Price $ .00Less Down Payment $
Total Due at Closing $ .00This offer will expire if not accepted on or before:
Purchased By:
Date Buyer Phone PrintedBuyer Address: City State Zip
Date Buyer Phone PrintedBuyer Address: City State Zip
Date Buyer’s Agent Phone PrintedAgent Address: City State Zip
Names for Deed:
Accepted By:
Date Seller Time: Printed
Date Seller Printed
samplePROMISSORY NOTE
6532 N. US Highway 231 ~ Spencer, IN
$ 9,000.00 April 8, 2010 Amount Date
FOR VALUE RECEIVED, the undersigned promises to pay to the Order of:JDC Group, Inc. dba United Country, Coffey Realty & Auction
6391 S. Old 37Bloomington, Indiana 47401
The Sum of Nine-Thousand-------------------------------------- dollars
($9,000.00), as a deposit for the purchase of real estate described in Contract of even date herewith and attached hereto executed the undersigned, payable at the closing of said Contract.
This promissory note shall bear no interest until the date of closing of the Contract; thereafter it shall bear interest at the highest rate allowable by law.
This Note shall become null and void if and when the undersigned shall complete all requirements for closing as set out in the attached Contract. If said requirements are not fulfilled this Note shall be fully enforceable at law.
If this Note is placed in the hands of an attorney for collection, by suite or otherwise, the undersigned agree to pay all costs of collection and litigation together with a reasonable attorney’s fee.
Signature Date
Signature Date
Terms
Summers EstateTERMS & CONDITIONS
R. William Summers - Real Estate Auction
6532 N US Highway 231, Montgomery TownshipOwen County, Spencer, IN
The property will be sold upon the bid reaching or exceeding $136,500.00Buyers Premium
On-site bidderso : A 10% buyer’s premium will be added to the final bid and charged to the buyer, the final bid plus the 10% buyer’s premium will establish the final sales price.Online bidderso : An 11% buyer’s premium will be added to the final bid and charged to the buyer, the final bid plus the 11% buyer’s premium will establish the final sales price.
Example : $1,000.00 bid + 10% buyer’s premium $100.00 = $1,100.00 final sale price
A $9,000.00 down payment at the close of auction will be required as non-refundable down payment deposit. Cash, cashier’s check or a personal or corporate check immediately negotiable with a bank letter of credit is satisfactory for the down payment. The down payment deposit will be non-refundable; your bidding is not conditional upon financing, so be sure you have arranged financing, if needed, and that you are capable of paying cash at closing. The balance of the purchase price will be due on delivery of clear title on Friday April 30, 2010.
A promissory note will be signed along with the down o payment check.
Final closing is NOT contingent upon financing.Auction Registration will begin one hour prior to the sale. The following will be required for bidders to become registered to bid at the auction.
A picture IDo Proof of down paymento A written opening bido
The property will be conveyed by a Personal Representatives Deed.The seller agrees to furnish buyer(s) with evidence of a marketable title in the form of a Preliminary Title Insurance Commitment.
Buyer(s) may purchase an Owner’s Policy of Title Insurance o at his or her expense.
The seller will pay all taxes up to and including the spring installment of the 2009 taxes due and payable spring 2010 (based on current tax rates).
Terms
Summers EstateThe Buyer will be responsible for the fall 2009 taxes due o and payable in November 2010 and all subsequent real estate taxes and assessments thereafter.
Closing shall take place at the office of Languall’s Abstract & Title Co., 1 N. Main St., Spencer, IN.
Closing fee will be paid by the buyer.o Closings will be held on o Friday, April 30, 2010 at 10:00am.
Possession will be granted at final closing.The successful Bidder shall execute an “Auction Real Estate Sales Contract” for the property immediately after being declared the Successful Bidder by the Auctioneer.Each potential Bidder is responsible for conducting at their own risk, their own independent inspections, investigations, and due diligence concerning the property.
Further; Property sells as-is with no warranties expressed or o implied
JDC Group, INC dba United Country Coffey Realty and Auction and their representatives are exclusive agents of the Seller.All announcements made at the Auction take precedence over all advertising, oral or printed material.All information was gathered from reliable sources and is believed to be correct as of the date this brochure is published; however the seller or auctioneers have not independently verified this information. Auction plats and drawings are not to be relied on and are for representation purposes only. Its accuracy is not warranted in any way. There is no obligation on the part of the sellers or auctioneer to update this information. Broker Participation is Invited & Encouraged: A Buyer Broker Commission will be paid to the properly licensed broker whose prospective buyer purchases and closes on the real estate. Broker or Agent must contact the office of United Country Coffey Realty & Auction for a “Buyer Broker” registration form which must be filled out and returned by Tuesday April 6, 2010 5:00pm EST.
SALE SITE: On-Site Thursday April 8, 2009 at 6:00pm EDT – registration starts at 3:00pm.
VIEWING INSTRUCTIONS: Auction preview Dates: Sunday, March 21st from 2:00pm to 4:00pm – Monday March 22nd from 5:00pm to 7:00pm or by appointment.
For questions call United Country Coffey Realty & Auction or your REALTOR.
Bid Certification
Summers Estate
BID CERTIFICATIONI acknowledge this is a confirmation auction and that my offer will be subject to the Trustee’s approval.
By signing this certification and returning it to the offices of United Country – Coffey Realty & Auction, or an employee therein. I hereby certify that:
I acknowledge that I have received a complete bid package.1. I have read the auction rules and bidding format as set out by the Auctioneers and 2. contained in the bid package and I completely understand them.I understand that the terms and rules of the auction will be strictly enforced and 3. that there will be no exceptions.I currently have sufficient funds to meet the “Deposit” and “Further sum” 4. requirements as called for by the agreement of purchase and sale.I have examined the proposed agreement of purchase and sale given to me as part 5. of the bid package and understand that it is a legally binding contract and is not contingent upon financing or anything else.I understand that if I am the successful bidder, I will be required to sign the 6. agreement of purchase and sale immediately upon notice of being the successful bidder. I agree to complete and sign the agreement of purchase and sale immediately upon such transmitted notice.I understand that a 10% Buyers Premium will be added to my final bid and is due 7. in addition to my final bid to complete the final purchase price.I understand that the Auctioneers are working for the Seller and there is no 8. relationship of dual agency.I understand that my registration for the auction will not be accepted without 9. providing an opening bid (on the space provided on the form) and that this constitutes a binding bid.
Property: 6532 N US Highway 231, Spencer, IN
Opening Bid Amount: $ (plus 10% Buyers Premium)
Signature:
Printed Name:
Witness Signature:
Address:
Phone:
Email Address:
Date of Signatures:
Buyer – Broker:
Auction Advantages
Summers Estate
Auction AdvantagesBuyerBenefits•Purchase property at fair market value•Eliminatesometimeslongnegotiationperiods•Reducetimetopurchaseproperty•Gainconfidenceastheycompete•Donothavetoworryaboutcontingenciesbecausepur chasing and closing dates are known•Feelbetteraboutapurchase±justknowingthereisa contending bid just one increment under purchase price•Buyersknowpropertyownersaremotivatedtosell•Buyersknowpropertyownerssellatlowestpricepos sible•Buyerscanreceivefavorablefinancing•Buyerssettheirownpurchaseprice
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