Lot # : 2 - Tract #2: 39.5 Acres North Side of Mertens Road

Bidding Ends: THURSDAY SEPTEMBER 5th at 7:00 PM (Staggered Soft Close)

POSEY COUNTY LAND AUCTION PRIME 85+/- ACRES in MT VERNON, IN! Bidding Ends: THURSDAY SEPTEMBER 5th at 7:00 PM (Staggered Soft Close) Bidding Link: www.SohnAndAssociates.HiBid.com Property Location: Caborn & Mertens Roads in Marrs Twp Posey County, IN Auction will include 2 Nice Farms Nearly Adjacent to Each Other! Directions: From IN-62 W (Lloyd Expressway), go North on Ford Rd, to Left on Upper Mt Vernon Rd, to Right on Stierley (CR 850 E), to Left on Mertens Rd, to Caborn Rd; OR, From IN-66 in Blairsville, go South on Stierley Rd to Right on Mertens Rd, to Caborn (Watch for Signs) Attention Farmers, Investors or Individuals looking for the perfect place to build your Dream Home. This amazing property deserves your full attention! - Super Convenient to Evansville, St Phillip, Mt Vernon, Wadesville & Parker Settlement! - High Quality Tillable Soils! - 4 Acres of Classified Forest! - Some Oil Income on Tract 1! - Farming Rights Starting 2025! - Beautiful Potential Building Site(s)! - Lots of Road Frontage! - Land Owners Total 2023 Farm Income Was Approximately $32,105.00! - Guaranteed Good Title & Up to 60 Days to Close! - No Buyer's Premium! "The best investment on Earth is earth." - Louis Glickman, Famous Investor Tract #1: 45.5 Acres Located on West Side of Caborn Rd (Just South of 2245 Caborn Road N) This very nice acreage lies along the west side of Caborn and offers lots of road frontage. It consists of a gently rolling 45.5+/- acres. There are 4.01 acres currently in the Classified Forest program. The balance is nearly all tillable. Soils consist mainly of very productive Uniontown and Wakeland Silt Loams. A gravel oil road runs through the property and gives easy access to the wooded area. There is currently one active well on the property, and the buyer will receive all oil proceeds distributed after the closing. The 2023 annual oil income was approximately $1,319.00 Please note that the buyer will have farming rights that start with the 2025 crop year. - Lot Size: 45.5+/- Acres - Approx '23 Pay '24 Taxes: $1,237.54 + $10.06 Per Year - Parcel #'s: 65-13-18-100-011.000-019; 65-13-18-100-010.002-019 - Brief Legal Description: SE NE 18-6-12 45.175A 4.01 FOREST; PT SE NE 18-6-12 .325A - Zoning: Agriculture - Flood Zone: Approximately 19.5 Acres are in Flood Zone A (See Map) Tract #2: 39.5 Acres Located on North Side of Mertens Rd (Just East of Caborn Rd & 7427 Mertens Rd) This outstanding tract consists of approximately 39.5 acres of gently rolling land with lots of frontage on Mertens Rd. There is approximately 1.3 wooded acres at the Northwest corner of the property. The balance is nearly all tillable and consists of highly productive Alford and Wakeland Silt Loams. - Lot Size: 39.5+/- Acres - Approx '23 Pay '24 Taxes: $1,229.88 Per Year - Parcel #: 65-13-17-100-005.000-019 - Brief Legal Description: SW SE & SW COR NE 17-6-12 39.5 ACRES - Zoning: Agriculture - Flood Zone: None Public Viewing: An Auction Representative will be onsite WEDNESDAY AUGUST 28th from 4:00-6:00 PM; or call for an appointment. Please make your plans now to bid your price on this amazing opportunity! Note: If you do not wish to bid online, call 812-467-0227, and we will be happy to make alternate arrangements. Terms: (Please read complete terms & conditions online prior to bidding). No Buyer's Premium will be charged. The successful online bidder(s) will be required within 24 hours after auction close to sign a standard form purchase agreement and submit a 10% deposit. This deposit may be in the form of a personal or business check. The balance will be due & payable at closing within 60 days. While this does give you plenty of time to complete any financing that you may be considering, the sale is not "subject to" financing. Buyer(s) will be guaranteed good merchantable title and will assume the real estate taxes starting with the Spring 2025 installment. Possession will be immediate upon closing, subject to the tenant farmer's right to harvest the 2024 crops. Sellers to retain all their share of the 2024 crop proceeds. Buyer(s) will receive all mineral rights owned. The buyer of Tract 1 will receive all oil proceed payments distributed after closing. The property is selling on an AS IS basis. 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 this brochure and related materials is believed to be accurate but is subject to verification by all parties relying on it. No liability for its accuracy, errors or omissions is assumed by the seller or the auction company. Sohn & Associates, Ltd and its representatives are agents of the seller(s). Please note, anyone participating in this auction is personally responsible for any bids placed on the auction site, whether bidding on behalf of their personal account or on behalf of a corporation or other third party. If you are bidding on behalf of a third party, you are responsible for obtaining the necessary documentation authorizing you to bid on behalf of the third party. Sohn & Associates, Ltd will look to the herein registered bidder for performance on any bid placed on this auction if you are the successful high bidder. Seller: Egli Family Farm, LLC; Etal Auction Id: 1915