To bid online during the LIVE auction please do the following:
Click This Button To Join The Live Auction Audio/Video
DO NOT PLACE YOUR BIDS VIA THE CHATBOX
THEN
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We are currently in first-round bidding, meaning you can only bid on individual tracts.
During the LIVE auction, the auctioneer will establish a bid for each tract in the first round.
The auctioneer will then open second-round bidding, where the bidder(s) will be able to place combination bids of up to the entirety
(tracts 1-8, as tract 9 is not offered in combination.)
At that time a bidder may raise their bid on any individual tract to stay in a winning position.
If you have any problems placing bids call
812-474-6100, 812-457-2446, or 812-774-3306
145+/- Acres of Agricultural, Residential, & Recreational Land
Offered in 9 Tracts & Combinations
Live Simulcast Real Estate Auction
Mt. Vernon, Posey County, IN
Live Auction with Online Bidding Option:
Thurs., Oct. 21st starting at 6 PM
at the Mt. Vernon Legion Post 5
203 Walnut St Mt. Vernon, IN
Real Estate Showing:
An Auction Representative will be located at Tract 1 on
Tues., Oct. 12th from 4-6 PM
Showings at other times can be scheduled by calling
the auctioneer, Jake McGennis, at 812-307-4414.
REAL ESTATE INFO:
AUCTIONEERS NOTE: Curran Miller Auction/Realty is honored to offer 145+/- acres of land from the James F. Davis Land Trust. Posey County land with these types of residential, recreational, and agricultural opportunities are rarely available to the public. This is certainly an auction you don’t want to miss!
PROPERTY LOCATIONS: Section 19, Marrs Township Posey County, IN fronting Caborn Rd and Upper Mount Vernon Rd; Sections 14 & 21, Black Township Posey County, IN fronting Cox Rd North & Raben Rd.
AGRICULTURAL BUYERS: There are 95.35+/- acres of tillable land between the 3 parcels of land. Comprised of Alford, Henshaw, Patton, Wakeland, and Newark soil these acres offer a good mix of productive soil types.
TRACTS 1-5: Features 33.3+/- acres with 30.11+/- acres tillable. These tracts have excellent road frontage along Caborn Rd and Upper Mount Vernon Rd. The primary soil type of these tracts is Alford and the 2021 crop is/was soybeans. There is an active oil production lease, with active wells located on tract 2.
TRACTS 6-8: Features 35.52+/- acres with 32.63+/- acres tillable. These tracts have excellent blacktop road frontage on Cox Rd North. The primary soil types of these tracts are Henshaw, Uniontown, & Patton. The 2021 crop is/was soybeans. There is an active oil production lease, with an oil tank battery located on tract 6.
TRACT 9: Features 76.64+/- acres, with 18.62+/- acres tillable. This tract of land fronts Raben Rd. The primary soil types of this tract are Wakeland & Newark. The 2021 crop is/was soybeans. A portion of this tract, 24.5+/- acres, is enrolled in the USDA NRCS wetland reserve easement in perpetuity. Tract 9 will not be offered in combination with tracts 1-8.
HOME BUILDERS & DEVELOPERS: Tracts 1-8 provide an excellent range of opportunities for potential buyers looking to purchase land to build their dream rural Posey County Home. Tracts 1 and 2 provide an excellent building opportunity and are part of the plated Seifert Estates Subdivision. Tracts 3-5 offer ideal 2+/- acre lots for building are part of the plated Caborn Meadows Subdivision. Nearly identical, tracts 6 & 7 provide excellent building sites with ample road frontage on Cox Rd N. Tract 8 offers development opportunity of 4 building lots and one outlot via the previously platted West Meadows subdivision.
TRACT INFO
TRACT 1: 3.8+/- acres, all tillable; 305’ Upper Mt. Vernon Rd frontage; Excellent home site potential
TRACT 2: 23.3+/- acres, mostly tillable; 555’ Upper Mt. Vernon Rd Frontage
TRACT 3: 2.2+/- acres, all tillable; 118’ Upper Mt. Vernon Rd & 217’ Caborn Rd Frontage; Excellent home site potential
TRACT 4: 2+/- acres, all tillable; 194’ Caborn Rd frontage
TRACT 5: 2+/- acres, all tillable; 194’ Caborn Rd Frontage; Excellent home site potential
TRACT 6: 12.5 acres, mostly tillable; 400’ Cox Rd N Frontage; Excellent home site potential
TRACT 7: 12.5 acres, mostly tillable; 400’ Cox Rd N Frontage; Excellent home site potential
TRACT 8: 10+/- acres, mostly tillable; 183’ Cox Rd N Frontage; Consists of 4 plated building lots with an outlot.
TRACT 9: 76.64+/- acres, 18.62+/- tillable; Raben Rd N; 24.5+/- acres enrolled in USDA NRCS wetland reserve easement in perpetuity; Tract 9 will not be offered in combination; Excellent recreational opportunities
AUCTION TERMS
SIMULCAST AUCTION PROCESS: The real estate will be offered in a simulcast auction, which is a live, on-site auction with real-time online bidding. Potential buyers can bid in the manner that is most convenient for them: either on-site at the live auction or online at www.curranmiller.com.
EARNEST MONEY: A 5% earnest money deposit is due on auction day for on-site bidders, within 24 hours of auction conclusion for online bidders, with the balance due within 45 days.
REAL ESTATE TAXES: Purchaser shall assume the real estate taxes due & payable in May 2022.
CLOSING & POSSESSION: Possession shall be at final closing subject to the farm tenant’s rights to the fall 2021 soybean crop. Any fee charged by a title company or escrow agent to close the transaction (typically $250 to $300) shall be split evenly between buyer & seller. This live auction is not contingent on or subject to financing, appraisal, survey, or inspections of any kind, as agreed to by Bidder and or Buyers at registration prior to bidding. Real estate shall sell subject to owners’ approval.
MINERALS, EASEMENTS, & ZONING: The seller will convey any and all mineral interests. The sale of this property is subject to any and all easements of record. The sale of this property is subject to all state and local zoning ordinances.
SURVEY: If a particular parcel of the real estate does not sell in its entirety to a sole bidder, a survey will be provided to the buyers to establish the new legal descriptions. This cost, if needed, will be covered by the seller. Parcel dimensions and acreages are based on legal descriptions & public records
Aerial photos are for illustration purposes only and not surveyed boundary lines.
INSPECTION, DUE DILIGENCE, ABSENCE OF WARRANTIES, & MISC. TERMS: Curran Miller Auction / Realty, Inc., Agents and Representatives are agents of the Seller. Buyer and or Bidder agrees to hold harmless and indemnify Curran Miller Auction / Realty, Inc. and its Agents and its Representatives from any and all claims, damages, or suits including but not limited to awards, judgments, costs, fees, etc. Please check for updated information prior to scheduled auction time to inspect any changes, corrections, or additions to the property information. All information contained in this information packet and all related materials are subject to the terms and conditions outlined in the Contract for Sale of Real Estate agreement. The property is being sold on an “AS IS, WHERE IS” basis, and no warranty or representation either expressed or implied, concerning the property is made by the Seller or Curran Miller Auction / Realty, Inc., Agents or Representatives. Each potential bidder is responsible for conducting his or her own independent inspections, investigations, inquiries, and due diligence concerning the property. The information contained in the brochure and on the website is subject to verification by all parties relying on it. No liability for its accuracy, errors, or omissions is assumed by the Seller(s), Curran Miller Auction/Realty, Inc., Agents, or Representatives. Conduct of the auction and increments of bidding are at the direction and discretion of the Auctioneer. All decisions of Curran Miller Auction / Realty, Inc. are final. Any dispute between Curran Miller Auction / Realty, Inc., its Agents or Representatives, and the Buyer(s) will be tried in a court of jurisdiction in Vanderburgh County, Indiana. By bidding on the property, the buyer agrees to all terms and conditions set forth. Buyer and or Bidder agrees to hold harmless and indemnify Curran Miller Auction / Realty, Inc. and its Agents, Owners, Directors, Employees, and its Representatives from any and all claims, damages, or suits including but not limited to awards, judgments, costs, fees, etc.
Any and all announcements made day of auction take precedence over previously stated terms.
Seller: James F. Davis Trust