68 Acre Harrison County Land Multipar Online Auction
SOLD
Real Estate — $409,200
Tract 1 — $74,800
Tract 2 — $166,100
Tract 3 + 4 — $168,300
Premium Included
2:00 PM
Saturday, November 25 2023
2600 Block Fogel Road SE
Corydon, IN 47112
* Harritt Group Multipar Account Required
Need Assistance? Call, Text or Email Ben
502-592-4001 | ben@harrittgroup.com
Buyer's Premium
10% Buyer’s Premium added to the hammer bid price to determine the final purchase price.
Real Estate Terms
A non-refundable down payment, 10% of the Purchase Price (Final Bid + Buyer’s Premium), in the form of cash, check, or wired funds in USD are due within 24 hours following the auction, balance due in 40 days. Buyer to receive clear title. Taxes – If property sells in individual or combination tracts the buyers will assume 2024 taxes due 2025. If the property sells as a whole to one buyer, the taxes will be prorated to the day of closing. Selling as is without contingencies, all inspections welcomed prior to auction. If you choose to obtain financing, not subject to approval or appraisal. All closing costs are the buyer’s expense. Possession at closing. See full details in the Auction Bid Packet.
Inspection
Tuesday, November 28, 1:00 PM – 3:00 PM
Or contact us for a private showing.
Seller
Eric K. Gibson
Selling online a 68-acre farm in beautiful Harrison County owned by the Gibson Family for over 60 years. Offered in 4 tracts ranging in size from 1.5 Acres to 32 Acres with 836 feet of road frontage located off Corydon New Middletown Road just 3 miles south of St. Rd. 62. Easy access to Lanesville, Corydon and I-64. Great opportunity to purchase individually or in combinations utilizing the multipar method.
PROPERTY HIGHLIGHTS
- 68 Open & Wooded Acres in Harrison County
- Offered in 4 Tracts Multipar
- Tract 1 — 5.20 Acres – 250’ Frontage
- Tract 2 — 32.84 Acres – 253’ Frontage
- Tract 3 — 1.57 Acres – 150’ Frontage
- Tract 4 — 28.57 Acres – 182’ Frontage
- Agricultural Land – Building Sites – Recreational Land
- Water & Electric Available at Street
- Newly Paved Fogel Road
- Restrictive Covenants
- Current Survey by Ruckman Land Surveyors
- South Harrison School District
- 5 Miles to Downtown Corydon
- 8 Miles to Downtown Lanesville
- Easy Access to I-64
68.18 ACRES – 4 TRACTS – HARRISON COUNTY
The Gibson farm will be offered in 4 individual tracts and then in a series of combinations with the auction not being over until prospective purchasers no longer want to increase their bid. The combination that realized the highest total bid will determine the final sales price, subject to seller confirmation. The multipar method allows buyers to maintain control of a single tract or any combination of tracts throughout the auction.
TRACT 1 — 5.20 ACRES
- Open Agricultural, Partially Wooded
- 250’ Road Frontage
TRACT 2 — 32.84 ACRES
- Open Agricultural, Partially Wooded
- 253.70’ Road Frontage
TRACT 3 — 1.57 ACRES
- Open Agricultural
- 150’ Road Frontage
TRACT 4 — 28.57 ACRES
- Open Agricultural, Partially Wooded
- 182.46’ Road Frontage
PROTECTIVE COVENANTS & RESTRICTIONS
- No mobile home, double wide, modular home, trailer, basement, tent or shack erected shall be used at any time as a residence (temporarily or permanently) nor shall any structure of a temporary character be used as a residence.
- No junk or inoperative vehicles shall be allowed upon the premises except in enclosed structures where the same shall not be visible to adjoining property owners or from the public right of way.
- No noxious or offensive trade or activity shall be carried on upon the real estate, nor shall anything be done thereon which may be or may become an annoyance and/or a nuisance to the neighbor. Normal agricultural activities, including livestock and farming, are allowed.
- The real estate shall not be used or maintained as a dumping ground for rubbish, etc. Trash, garbage, or other waste shall not be kept except in sanitary containers. All incinerators or other equipment for the storage or disposal of such material shall be kept in a clean and sanitary condition.
- Individual sewage disposal systems shall be located, and constructed in accordance with governmental requirements, standards, and recommendations installed shall be obtained from such authority.
Final bid price is subject to the seller’s confirmation. When the bidding has met the reserve, a notification will be posted and the auction will become absolute and sell to the highest bidder.
Harrison County REMC
South Harrison Water Corporation
Tap In Fee — $2,000
Membership Fee — $100
Webster Township (Annual) — $461.72
FEMA records indicate that the property is not in a flood zone.
PT W 1/2 NE QR 16-4-4 68.18 Acres Per Survey
Parcel #31-14-16-200-001.000-022
Parcel #31-14-16-200-002.000-022
Current survey provided by Ruckman Land Surveyors.
South Harrison Community School Corporation
Old Capital Golf Club
Turtle Run Winery
Indiana Caverns
Hayswood Nature Reserve
Directions
I-64 to Lanesville Exit 113. South 2.3 miles to right on IN-62. West 6 1/2 miles to left on Corydon-New Middletown Rd. 3 miles to right on Fogel Road. Property on left.
The MULTIPAR AUCTION METHOD is used to sell multiple parcels (tracts) of real estate at auction – first offering each tract individually, and then in combination. The final sales price is determined by the combination which realizes the highest bid.
- Combination bids allowed after all individual lots have a bid.
- For a new bid on a single lot or combination, the overall total must increase by a minimum of $1,000.
EXTENDED BIDDING
- If a bid is placed in the last 10 minutes, the auction will remain open for an additional 10 minutes.
- If any further bidding occurs, the extension timer will reset to 10 minutes.
- If no further bidding occurs, the lots close when the timer runs out.
- Don’t wait until the end; prices will not go down.
- Bid only on the lot(s) that you want to own.
- Any posted bid is considered active and could be back in winning position any time during the auction.
- Before the auction, determine your auction strategy — what you want to buy and how much you can bid.
- Consult with Harritt Group staff to help with bidding strategy before or during the auction.
Open Inspection
- Tuesday, November 28, 1PM – 3PM
* Located at 2600 BLOCK FOGEL ROAD SE, CORYDON, IN 47112
Contact Ben Harritt to Schedule Private Demo — ben@harrittgroup.com | 502-592-4001