ABSOLUTE SPRIESTERSBACH LAND AUCTION
206 ACRES – 3 TRACTS
INCOME PRODUCING FARMLAND-COMMERICAL FRONTAGE
SELLS TO HIGHEST BIDDER - NO RESERVE
FAMILY OWNED SINCE 1831-FIRST TIME ON MARKET
ON LINE ONLY-BIDDING ENDS TUES. DECEMBER 4 AT 7 PM
OFF-SITE BIDDING AVAILABE-DEC. 4 AT CLARK CO FAIRGROUNDS
ADDRESS: 7602 High Jackson Rd, Charlestown, IN
Frontage on SR 62-across road from Clark Co. Fairgrounds!
Located just 1.5 miles south of Charlestown or 5.5 miles north of I-265
206 ACRES – 3 TRACTS
INCOME PRODUCING FARMLAND-COMMERICAL FRONTAGE
SELLS TO HIGHEST BIDDER - NO RESERVE
FAMILY OWNED SINCE 1831-FIRST TIME ON MARKET
ON LINE ONLY-BIDDING ENDS TUES. DECEMBER 4 AT 7 PM
OFF-SITE BIDDING AVAILABE-DEC. 4 AT CLARK CO FAIRGROUNDS
ADDRESS: 7602 High Jackson Rd, Charlestown, IN
Frontage on SR 62-across road from Clark Co. Fairgrounds!
Located just 1.5 miles south of Charlestown or 5.5 miles north of I-265
CLICK ON "FILES" TAB TO VIEW ADDITIONAL INFO (SURVEY, AERIALS, ETC)
REAL ESTATE FEATURES: An outstanding offering-one of the most appealing pieces of real estate we’ve ever sold! This property is everything one could ask for, 200+ picturesque acres of untouched farm land & wooded acreage. A once in a lifetime offering of land and history, this being the first time it’s been offered for sale in nearly 200 years. Secluded and private, but located just five miles from I-265 and just minutes away from new Amazon Warehouse in the River Ridge Development.
1800’S HOUSE/BUILDINGS INFO: Known as “The Cedars” as far back as the first and second quarter of the 19th century, this homestead was second to none! The existing Federal Style home sits atop one of the highest points of the property and oversees the gently rolling acreage. Records show the home was built in 1855, but most believe it to be earlier, and proudly boasts its original brick structure and distinctive chimneys. It features 2500+ square feet of living space with four bedrooms, two floors, & large partial porch. While the home is in need of major repairs, its extraordinary character is in no doubt completely intact!
Surrounding the home are remnants of such buildings as the smoke house, summer kitchen, & machine sheds. Located near the stream is the original stone built spring house. Then lays two magnificent original 100+ year old hand-hewn log barns, both in overall good condition. One hay barn includes an early primitive work shop with “D. LUTZ” burned into the door & Burley Tobacco still hanging in the tiers.
BRIEF FAMILY HISTORY: David Lutz, Jr. acquired the property and other surrounding lands after having married in 1831 to Barbara Fry. The farm then became known as the "Lutz Farm." Their son, George Fry Lutz, born 1833, lived on the farm until his death in 1882. His wife and daughters continued to live there. The farm was referred to as "The Cedars". One of his two daughters was Mattie Ellen Lutz. Mattie Lutz, and her husband George Julius Spriestersbach, took ownership of the Lutz Farm, where they were married in 1906. Their son Louis J. Spriestersbach, born in 1918, owned and managed the farm after his father’s death in 1954. Louis lived there until his passing in 2008.
SPRIESTERSBACH FARM CORP INTENT & PURPOSE: The Spriestersbach Farm Corporation is a 501(c) (3) charitable foundation whose purpose is to support educational opportunities related to agriculture for youth and the general public. Funds raised by the foundation through the sale of the farm donated by Louis Spriestersbach will help provide scholarships for youth and grants for educational programs aimed at youth, educators and the general public in perpetuity. Supported programs will foster a more thorough understanding of farming life, our food production system and our agricultural heritage.
TRACT #1:
Features: 194.25 +/- acres, access is from High Jackson Road and via a 60’ wide easement from SR 62. Per FSA, 139 tillable acres (61 currently in corn production, with remainder 78 in pasture land-see FSA attached aerials). Includes two potential home sites (see Conservation Easement for specifics). Tract #1 includes all improvements & 1997 modular house.
Zoning: A-1 Agricultural
Legal Description: Gt 94; 135 Ac; dis annex from 18-74-07(06/07) and Gt 72: 65.84 Ac; Dis Annex from 18-68-14 (06/07)
Parcel ID: 10-03-09-400-196.000-003 & 10-03-07-200-018.000-003
Taxes: $2,260.61/installment
TRACT #2:
Features: 8.66 +/- acres, access is from SR 62, includes approx. 1200’ of road frontage on SR 62 & backs up to CSX Railway. Per FSA, approx. 5.0 acres are tillable with remainder being wooded.
Zoning: B-1 Commercial
Legal Description: Gt72: 65.84 Ac; Dis Annex from 18-68-14 (06/07)
Parcel ID: 10-03-07-200-018.000-003
Taxes: $699.92/installment
TRACT #3:
Features: 3.59 +/- acres, access is from SR 62, includes approx. 730’ of road frontage on SR 62 & backs up to CSX Railway. Tract is entirely wooded.
Zoning: B-1 Commercial
Legal Description: Gt72; 0.72 Ac; Dis Annex from 18-68-15 (06/07)
Taxes: $13.60/installment
Parcel ID: 10-03-07-200-073.000-003
INSPECTION: Tues Nov. 6 3-5 pm & Tues Nov. 20 3-5 pm
INSPECTION INFO: Visit Tract #1 to speak with Auction Company representative to receive property information packets. Guided tours with utility type vehicles will be offered during this time. Enter Tract #1 via SR 62 entrance (watch for open house signs). Note-if inclement weather conditions exist, inspection may be rescheduled for your convenience. If questionable, please call 812.738.9476.
OFF SITE BIDDING: Available at Clark Co Fairgrounds on Dec. 4 beginning at 4 pm to end of auction!
ON-LINE BIDDING: Bidding opens Oct. 23!
CONSERVATION EASEMENT/LEASE INFO: Watch for upcoming details & specifics concerning this document. This easement only affects Tract #1! The easement will be posted in its entirety on-line. All real estate will be sold with mineral rights in place. There are no existing leases on any tracts.
OWNER: Spriestersbach Farm Corp
DIRECTIONS: From Charlestown, south on SR 62 1.5 miles to site. From I-65 & I-265, east on I-265 2.8 miles, then north on SR 62 5.8 miles to site.
Exhibit 'A' Terms and Conditions of Online Only Absolute Real Estate Auction
1. Conditions of Sale: This online only auction is absolute with no reserve and is a cash sale 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.
2. Closing Info: A Buyer's Premium of 3% 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.
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.
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.
5. 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.
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.
A two percent (2% variable) 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. 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.
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.
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.
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.
1. Conditions of Sale: This online only auction is absolute with no reserve and is a cash sale 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.
2. Closing Info: A Buyer's Premium of 3% 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.
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.
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.
5. 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.
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.
A two percent (2% variable) 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. 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.
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.
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.
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.