100 W North St, Kokomo, IN 46901 - Howard County

SEALED BID AUCTION

Bids are due by 3/17/23 at 5:00 PM EDT

Bidders can place bids on the Sealed Bid Form or online thru the Secure Online Portal

A rare opportunity to own this large, productive tillable farm. At 73.14+/- acres, this prime tillable ground could be a great addition to your existing farming operation or investment portfolio. Located in western Howard County just 4.5 miles east of Burlington and 9.5 miles west of Kokomo, this farm will be offered for sale as one tract which includes mostly all tillable land and several potential building sites. This property has great county road frontage where you can enter the field with large farm equipment and also a recorded easement from State Road 22 which also provides easy access. There are two strings of tile that run a good length of the field which helps with field drainage. With an average NCCPI of 77.97 and the primary soil types being Brookston Silty Clay, Fincastle Silt Loam, Russell Silt Loam, this tillable tract is highly productive cropland and currently in a corn/soybean crop rotation. This farm is currently cash rented through 2023 with open tenancy for the crop year 2024. If you have any questions, please call Ranch & Farm Land Specialist Andrew Malott at (574) 225-2699 or Joe Gizdic at (217) 299-0332.

*Buyer will receive 2023 cash rent*

Details:

Tract # 1: 73.14+/-

Deeded acres: TBD By Survey

FSA Farmland Acres: 70.62+/-

Soil Types: Brookston Silty Clay, Fincastle Silt Loam, Russell Silt Loam

Soil PI/NCCPI/CSR2: 81.6 NCCPI

CRP Acres/payment: N/A

Taxes: $1,259.34

Lease Status: Open Tenancy for 2024 crop year (Farm lease agreement in place until year-end 2023)

Possession: Immediate possession subject to current tenant's rights for 2023

Survey needed?: Survey needed

Brief Legal: W2 NW4 33-24N-2E 74.87 AC

Lat/Lon: 40.4851 / -86.3165

Property Features:

- Bidders may participate in the sealed bid auction online at Ranchandfarmauctions.com

- Onsite bidders should bring a government-issued ID

- 10% down payment immediately after auction - cash, personal, or business checks accepted

- If the winning bid is online, you will be immediately contacted to make arrangements for the 10% down payment and a purchase contract will be sent via DocuSign

- High bidder has 30 days to close unless otherwise noted

- Announcements on auction day will take precedence over any prior announcements

- This is a no contingency sale and is not subject to financing or additional inspections

- Possession at closing, subject to tenant’s rights, if any

- If a survey is needed it will be done following the auction and the total purchase price will be adjusted to the surveyed acres

- All information provided is derived from sources believed correct but is not guaranteed or warranted - Bidders shall rely entirely on their own information and judgments