The Region's 1st Choice For Auctions!

The Region's 1st Choice For Auctions!

FLOYD COUNTY (STARLIGHT) 62+ ACRE REAL ESTATE ONLINE ONLY AUCTION

by Beckort Auctions, LLC

When

May 16, 2017 - BIDDING ENDS 6 PM! Eastern

Where

B&B AGRA ENTERPRISES, INC
8154 Starlight Road
Floyds Knobs, IN 47119

How

Online Only Auction

Notes

Includes: 62 +/- acres of very desirable acreage in Starlight Indiana! Seldom does land become available in this area, take advantage of this RARE opportunity! Will be offered in two tracts, large amount of tillable acreage & road frontage. Ideal for estate type homes, residential development, or small farm!

Inspection: Wed May 10 5-6 PM

Share this Auction

Conducted By

Beckort Auctions, LLC

115 E. Chestnut St.
Corydon, IN 47112

812-738-9476

http://www.beckortauctions.com

Auction Listing

STARLIGHT REAL ESTATE AUCTION
FLOYD COUNTY-RARE OPPORTUNITY
62 ACRES SELLS IN TWO TRACTS
GREAT HOME SITES-SMALL LAKE
ONLINE ONLY-BIDDING ENDS MAY 16


ADDRESS: 8154 Starlight Rd., Floyds Knobs, IN  47119 (Floyd County)
Just 5 miles north of Floyds Knobs or 20 miles north of Louisville!


CLICK ON “VIEW DOCUMENTS” ABOVE FOR AERIALS, SOIL DATA, TAX INFO, ETC.

REAL ESTATE INFO: An outstanding offering of 62 +/- contiguous acres of highly desirable land in Starlight (Floyd County) Indiana! Seldom does land become available in this area, better yet 62+ acres, take advantage of this RARE opportunity! Property highlights include: 31 +/- tillable acres, large amount of road frontage, small lake, & excellent building sites. Property will be offered in two tracts. Ideal for estate type homes, residential development, or a small farm!

TRACT #1: 29.94 +/- acres & no improvements. Land features: 14 +/- acres of farm/open land (per FSA), remainder 16 +/- acres is wooded, includes 960.89' of road frontage on Starlight Road, & was farmed in 2016 but is not leased for 2017 year. Property has multiple great building sites throughout! 

TRACT #2: 32.12 +/- acres & all improvements. Land features: 17 +/- acres of farm/open land (per FSA), remainder 15 +/- acres is wooded, includes 1071.80' of road frontage on Starlight Road, small lake, & was farmed in 2016 but is not leased for 2017 year. Home features: 1929 built 2-story farm house, 2BR/1BA, 1676 +/- SF, & partial basement. Home has been a rental to same tenants for 20+ years. Also includes a 1929 built timber frame 30x40 barn. Property has multiple great building sites throughout!

INSPECTION: Wed. May 10 5-6 pm

SURVEY: Prepared March 2017, see “View Documents” section survey. 

MINERAL RIGHTS: Includes sellers’ interest in mineral rights.

FSA INFO: 31 +/- cropland acres (Tract #1: 14 +/- acres, Tract #2: 17 +/- acres)

POSSESSION/CLOSING INFO: Possession at closing on all real estate, planting rights will be granted upon signed purchase agreement.

UTILITY PROVIDERS: Electric-Clark Co REMC & Water-Rural Water Corp. Borden

SOIL DATA SHEETS: Visit “view documents” section for soil data maps. 

TIMBER APPRAISAL: Prepared November 2016, see “view documents” section for timber appraisal.

SCHOOLS: NAFC School Corporation

LEGAL DESCRIPTION:  S ¾ E ½ SE ¼; 30-1-6; 59 AC

TAXES:  $1330.44 +/- per installment. (Based on current owner exemptions.)

PARCEL ID:  22-04-03-000-013.000-006

REFERENCE POINTS: Floyds Knobs-5 miles north; Greenville-7 miles east; New Albany-10 miles north; Sellersburg-12 miles west; Louisville-20 miles north

DIRECTIONS: From I64 Exit #119, north on Hwy 150 4 miles, right on Stiller Rd 1.3 miles, right on Fertig Creek Rd 1.5 miles, then continue on  Starlight Rd 1.6 miles to site.

OWNER: B & B Agra Enterprises, LLC


Exhibit A Beckort Auctions Real Estate On-Line Only Auction - Terms and Conditions

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. Buyer(s) shall pay costs of closing with exception of deed preparation. 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: 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. The down payment may be made in the form of cash, cashier’s check, personal check, or corporate check. 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: 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.
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 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.

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.

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.

REVISED 05/21/2013
VIEW MAP
From I64 Exit 119 continue on US 150 West 3.5 miles, turn right on Stiller Rd 1.3 miles, right on Fertig Creek Rd 1.5 miles, continue on Starlight Rd 1.6 miles to site.