LACONIA REAL ESTATE AUCTION
395 ACRES-THREE TRACTS
EXCELLENT LIVESTOCK FARM
589,000 BOARD FEET OF TIMBER
AMAZING HUNTING/RECREATION
TWO HOMES-BARNS-CREEK FRONTAGE
ONLINE ONLY-ENDS MARCH 22
ADDRESS: 8515 Otterbein Rd SE, Laconia, IN 47135
Just 14 miles south of Corydon or 11 miles north of Brandenburg!
CLICK ON VIEW DOCUMENTS TAB ABOVE FOR AERIAL, PROP. ASSESS. TAX, TIMBER APPRAISAL INFO, ETC.
REAL ESTATE: A rare opportunity to purchase a historic 395+ contiguous acreage farm that has been family owned for 65+ years! Deer Haven Farm is located in southern Harrison County just 14 miles south of Corydon, or 38 miles west of Louisville! The land features: 395+ well-maintained acres, of which 203 +/- acres (per FSA) are gently rolling pasture/open land and 138.6 +/-acres of Classified Forest, estimated timber value of $198K (calculated 2/16), 4200’+ of Buck Creek frontage, 8300’+ of road frontage on Otterbein Rd, four ponds, natural cave/springs, 3 income producing natural gas wells, 5+ acre Pine forest, completely fenced acreage, & an abundance of wildlife. Highlights of the improvements include: 1993 built 3BR/2.5BA country farm house, an 1880 built 2-story farmhouse, 1997 built 30’x80’ shop with office, 1999 built Quonset 30' x 100’ building, 24’x36’ horse barn with stables, 25’x75’ open machinery shed, & multiple farm buildings. An excellent existing livestock farm or secluded recreational property!
FARM HISTORY: Originally established by the Reed & Roby Families in the mid 1800’s, it was then purchased by Mrs. Pearcy’s father in 1951. This farm was then used as a cattle feed lot operation, running 2000+ head of cattle per year. Due to the abundance of natural water, & combined with the large natural limestone floor feedlot, it suits itself very well to a large livestock operation.
HISTORICAL INFO: Property adjoins the well-known Squire Boone Caverns that was discovered by Daniel & Squire Boone in the late 1700’s. Also, on the northeast corner of this farm, the adjoining site of Frakes Mill was one of the Civil Wars Morgan’s Raiders first stop on July 8, 1863 on their way to the Historic Battle of Corydon. This property also includes the Reed Cemetery that was founded in the 1850’s. This farm was a combination of the Reed & Roby Farms as far back as the mid 1800’s.
TRACT #1: 41.3 +/- acres & improvements. Farm House features: 1993 custom built 1.5 story country farm house, 3BR/2.5BA, 2345 SF above ground, 1122 SF finished walkout basement, open layout, hardwood flooring, large custom kitchen with island, oak cabinetry, large sunroom with wood-burning stove, stone fireplace, security system, amazing wraparound porch, a low maintenance green metal roof, central air/heat fenced rear yard, & an underground LP fuel tank. Additional building features:security camera system for all buildings, ’97 built 30’x80’ shop (concrete floors, office, partial second floor), modern 24’x36’ horse barn (2 large stables & tack room), & a 25’x75’ open machinery shed. Land features: 19.9 +/- acres of pasture/open land (per FSA) with remainder in woods (of which 20 +/- acres are Classified Forest), 1700’+ of Buck Creek frontage, wood board fencing, large pond with aerator to keep water open all winter for wildlife, pond is stocked with Channel Catfish/Bass, and great views of surrounding farm land! Estimated timber value of $5075.
TRACT #2: 87.6 +/- acres & improvements. Farm House features: 1880 built two story farm house that was restored in the 1990’s, 1866 SF, 3BR/2BA, central air, LP forced air furnace, outdoor wood furnace. Additional building features: 22’x26’ detached garage, ’99 built 30’x100’ Quonset building, (3) small grain bins, (3) large concrete silo (1-solid & 2-staves). Land features: 55.8 +/- acres of pasture/open land (per FSA) with remainder in woods (of which 9 +/- acres are Classified Forest), 1150’+ of Buck Creek frontage, two ponds, completely fenced, & property lies on both sides of Otterbein Rd. Estimated timber value of $21,629.
TRACT #3: 266.7 +/- acres. Land features: 127.3 +/- acres of pasture/open land (per FSA), remainder of acreage is wooded (with 109.7 +/- acres Classified Forest), 1400’+ of Buck Creek frontage, 1900’+ of road frontage on Otterbein, well maintained rock roads throughout tract, & all land in tract #3 is located west of Otterbein. NOTE: no improvements on this tract. Estimated timber value of $172,092.
TIMBER APPRAISAL: Tract #1-21.8 acres with 19,200 board feet with estimated value of $5075. Tract #2-12.1 acres with 53,850 board feet with estimated value of $21,629. Tract #3- 117.8 acres with 516,060 board feet with estimated value of $172,092. NOTE: Click on “View Documents” tab for the complete Timber Inventory Appraisal.
ROAD FRONTAGE/ACCESS/POTENTIAL DIVISIONS: The property on the west side of Otterbein Rd has approx. 4500’+ of road frontage & the property on the east side of Otterbein Rd has approx. 3800’+ of road frontage. Property is eligible for multiple splits.
MINERAL RIGHTS: All mineral rights are included in this property, but are currently leased with Breitburn Operating LLP. New buyer will receive all royalties from said property. The site includes three income producing wells. Approximate 2015 income was $1989
SURVEY FEES: No survey fees apply if property is sold to a single buyer. If there are multiple buyers, the following survey fees apply for each tract: : Tract #1-$1700, Tract #2-$2750, Tract #3-$4900.
WILDLIFE/HUNTING INFO: This property is well suited for hunters and wildlife enthusiasts, daily viewing of turkey, squirrel, rabbit, quail, dove, and whitetail deer! Due to existing creek frontage, terrain of the land, and the efforts of Mr. & Mrs. Pearcy the abundance of wildlife and deer is amazing! Thus the farm name of “Deer Haven Farms”!
FSA INFO: 203.04 +/- cropland acres (Tract #1: 19.9 acres, Tract #2: 55.8 acres, Tract #3: 127.3 acres)
SOIL DATA SHEETS: Visit website under “view documents” tab for soil data maps.
POSSESSION/CLOSING INFO: Possession at closing on all real estate.
UTILITY PROVIDERS: Internet-Frontier, Electric-Harrison REMC & Water-South Harrison Water Corp
INSPECTION: Thurs. March 3 4-6 pm and Thurs. March 17 4-6 pm
PERSONAL PROPERTY AUCTION: Sat. March 5 10 AM-LIVE EVENT
LEGAL DESCRIPTION: PT E ½ SW ¼ 18-5-4 8.227 AC; SURVEY ON FILE 7-20-92, PT SW ¼ (95.455 REVISED CLASS FOR & WILDLANDS; 3-3-08) 18-5-4 286.451 S PT NW ¼ 18-5-4 19.33 (18.54; REVISED CLASS FOR & WILDLANDS 3-3-08) AC CHANGED; BY SURVEY 6-14-95, PT NW1/4 NW QR 19-5-4 74.253; (19.62 REVISED CLASS FOR & WILDLANDS 3-3-08); ACREAGE CHANGED BY SURVEY 6-14-95 TO 74.253 and PT SE QR 13-5-3 7.487; (4.985 REVISED CLASS FOR & WILDLANDS 3-3-08); SURVEY ON FILE 6-14-95
TAXES: $3192 per installment for entire property (based on current owner exemptions). See tax record (under” view documents” tab) for break-down of taxes per parcel ID number
PARCEL ID: 31-18-18-300-002.000-003, 31-18-18-300-001.000-003, 31-18-19-100-002.000-003 and 31-17-13-400-003.000-009
REFERENCE POINTS: Louisville KY-38 miles; Corydon, IN-14 miles; Brandenburg, KY-11 miles
DIRECTIONS: From Corydon, south on IN-135 9.6 miles, left on Watson Rd 2.2 miles, right on Union Chapel Rd 1 mile, right on Otterbein Rd to site; From Brandenburg, north on IN-135 8 miles, right on Watson Rd 2.2 miles, right on Union Chapel Rd 1 mile, right on Otterbein Rd; From Louisville, I64 West 22 miles to Exit 105, take IN-135 south 12 miles, left on Watson Rd 2.2 miles, right on Union Chapel Rd 1 mile, right on Otterbein Rd.
OWNER: Marian M. Pearcy
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Terms and Conditions of Online Only Reserve Real Estate Auction<br>
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1. Conditions of Sale: This online only auction is selling subject to owner’s confirmation and 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. Seller and Buyer(s) shall pay their share of the costs of closing. 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.<br>
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2. Closing: 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. If method of payment of the 10% earnest deposit is made by credit card, there will be a 3% fee charged. 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, seller will provide deed preparation.<br>
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3. 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.<br>
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4. 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.<br>
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5. Other Conditions: 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.<br>
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<br>
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.<br>
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.<br>
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6. 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.<br>
A one percent (1%) 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.<br>
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7. 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.<br>
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8. 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.<br>
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9. 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.<br>
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10. 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.<br>
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11. Survey Fees: No survey fees apply if property is sold to a single buyer. If there are multiple buyers, the following survey fees apply for each tract: Tract #1-$1700, Tract #2-$2750, Tract #3-$4900.<br>
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REVISED 12/21/2015