Total Acres 625.86

Tracts 15

Type of Sale Auction

Farm Name Harshman Family Farms

Status pending

HLS Number CCP - 13045

Price Sold For $6,800,000.00

Key Features Productive Cropland, Timber, Recreational Land, and Potential Building Sites

Location Harrison Township, Delaware County, IN


View Map

Farm Name Harshman Family Farms

Type of Operation Farm

Current Zoning Agricultural

School System Harrison-Washington Community School Corporation

Annual Taxes $17,311.44

Ditch Assessment $639.86

Topography Level To Gently Rolling

Soil Please see Soils Maps

Property Address US 35, Gaston, IN, 47342

Region IN

General Location Tracts 1-5, 8-15: Along both sides of US-35/E 600 N and near I-69 along N CR 600 W (Tracts 9-14). Tracts 6-7: at the intersection of W 700 N and N 675 W.

Legal Description Approximately 625.86 acres more or less in Sections 7, 8, 9, 16, 17, and 18, Township 21 N, Range 9 E, Harrison Township, Delaware County, IN

Start Auction Date November 07, 2024

Start Auction Time 6:30 PM ET

Auction Location Delaware County Fairgrounds Heartland Hall: 1210 North Wheeling Avenue, Muncie, IN 47308

Tillable Acres 557.130

Wooded Acres 53.585

Other Acres 6.300

Other Acres Notes Additional Other Acres = 8.845 as follows: 5.22 Other Acres = Road and Waste 1 Other Acre = Lane 2.625 Other Acres = Ditch

Terms & Conditions METHOD OF SALE: Halderman Real Estate Services, Inc. (HRES, IN Auct. Lic. #AC69200019) will offer this property at public auction on November 7, 2024, at 6:30 PM, 625.86 acres, more or less, will be sold at the Heartland Hall; Delaware County Fairgrounds; 1210 North Wheeling Avenue, Muncie, IN 47308. This property will be offered in (15) fifteen tracts as individual units or in combination. Each bid shall constitute an offer to purchase and the final bid, if accepted by the Sellers, shall constitute a binding contract between the Buyer(s) and the Sellers. The auctioneer will settle any disputes as to bids and his decision will be final. To place a confidential phone, mail or wire bid, please contact Chris Peacock at 765-546-0592 or Lauren Peacock at 765-546-7359 at least two days prior to the sale. ACREAGE: The acreages listed in this brochure are estimates taken from the county assessor’s records, FSA records and/or aerial photos. SURVEY: A survey will be required if tracts 4,7,10,11,13, and 14 are sold separately. The Sellers reserve the right to determine the type of survey provided, the cost of which will be shared 50/50 by the Sellers and the Buyer(s). If an existing legal description is adequate for title insurance for the tract, no new survey will be completed. If the existing legal description is not sufficient to obtain title insurance, a survey will be completed, the cost of which will be shared 50/50 by the Sellers and the Buyer(s). The Sellers will choose the type of survey to be completed and warrant that it will be sufficient to provide an owner’s title insurance policy for the tract. If a survey is completed, the purchase price for the surveyed tract will be adjusted, up or down, to the exact surveyed acres. The price per acre will be the auction price bid for the tract, divided by the tract acreage estimated in the auction brochure. DOWN PAYMENT: 10% of the accepted bid down on the day of the auction with the balance due at closing. The down payment must be in the form of personal check, cashier’s check, cash or corporate check. YOUR BIDDING IS NOT CONTINGENT UPON FINANCING. BE SURE YOU HAVE FINANCING ARRANGED, IF NECESSARY, AND ARE CAPABLE OF PAYING CASH AT CLOSING. APPROVAL OF BIDS: The Sellers reserve the right to accept or reject any and all bids. All successful bidders must enter into a purchase agreement the day of the auction, immediately following the conclusion of the bidding. Successful bidders must execute purchase agreements on tracts exactly as they have been bid. DEED: The Sellers will provide a General Warranty Deed at closing. EVIDENCE OF TITLE: The Sellers will provide an Owner’s Title Insurance Policy to the Buyer(s). Each Buyer is responsible for a Lender’s Policy, if needed. If the title is not marketable, then the purchase agreement(s) are null and void prior to the closing, and the Broker will return the Buyer’s earnest money. BUYER’S PREMIUM: The buyer’s premium is 1% of the purchase price. CLOSING: The closing shall be on or before December 31, 2024. The Sellers have the choice to extend this date if necessary. OPEN HOUSES: Farm will be shown by appointment only. Contact Chris Peacock at 765-546-0592 or Lauren Peacock at 765-546-7359 to make an appointment. POSSESSION: Possession will be at closing, subject to the tenant’s rights to the 2024 harvest. REAL ESTATE TAXES: Real Estate Taxes will be prorated to the date of closing. DITCH ASSESSMENTS: Ditch assessments will be prorated to the day of closing. MINERAL RIGHTS: All mineral rights owned by the Sellers will be conveyed to the Buyer(s). PROPERTY INSPECTION: Each potential Bidder is responsible for conducting, at their own risk, their own independent inspections, investigation, inquiries and due diligence concerning the property. Further, Sellers disclaim any and all responsibility for bidder’s safety during any physical inspections of the property. No party shall be deemed to be invited to the property by HRES or the Sellers. AGENCY: Halderman Real Estate Services Inc., Russell D. Harmeyer, Auctioneer, and their representatives, are exclusive agents of the Sellers. PLEASE NOTE: There are several owners of the Harshman Family Farms. One or two of those members may wish to bid on certain tracts offered tonight. If they are the successful bidder, they are subject to all the terms and conditions required of other bidders. BID RIGGING: Bid Rigging is a Federal Felony. Auctioneer will report illegal activity by any person to the FBI for investigation and prosecution. Title 15, Section 1 of the U.S. Code makes any agreement amongst potential bidders not to bid against one another, or to otherwise dampen bidding illegal. The law provides for fines of up to $100,000,000 for a corporate offender and $1,000,000 for an individual, plus imprisonment for up to 10 years. DISCLAIMER: All information contained in this brochure and all related materials are subject to the Terms and Conditions outlined in the purchase agreement. This information is subject to verification by all parties relying upon it. No liability for its accuracy, errors or omissions is assumed by the Sellers or HRES. All sketches and dimensions in this brochure are approximate. ANNOUNCEMENTS MADE BY HRES AND/OR THEIR AUCTIONEER AT THE AUCTION DURING THE TIME OF THE SALE TAKE PRECEDENCE OVER ANY PREVIOUSLY PRINTED MATERIALS OR ANY OTHER ORAL STATEMENTS MADE. The property is being sold on an “AS IS, WHERE IS” basis, and no warranty or representation, either express or implied, concerning the property is made by the Sellers or HRES. Each prospective bidder is responsible for conducting his/her independent inspections, investigations, inquiries and due diligence concerning the property. Except for any express warranties set forth in the sale documents, Buyer(s) accepts the property “AS IS,” and Buyer(s) assumes all risks thereof and acknowledges that in consideration of the other provisions contained in the sale documents, Sellers and HRES make no warranty or representation, express or implied or arising by operation of law, including any warranty for merchantability or fitness for a particular purpose of the property, or any part thereof, and in no event shall the Sellers or HRES be liable for any consequential damages. Conduction of the auction and increments of bidding are at the direction and discretion of HRES and/or the auctioneer. The Sellers and HRES reserve the right to preclude any person from bidding if there is any question as to the person’s credentials, fitness, etc. All decisions of HRES and/or the auctioneer are final.