LIVE In-Person and Online on Thursday, March 12th @ Approx. 1 PM EST
Location: 5705 W 1300 N Elwood, IN 46036
Open House for Real Estate & Farm Equipment: Tuesday, March 10th from 2 PM to 6 PM
Join us for this fantastic Multi Auction Retirement. A total of 3 auctions to complete this entire farm retirement.
Here is Auction 3 – LIVE In-Person and Online on Thursday, March 12th @ Approx. 1 PM EST.
This auction will follow the conclusion of the Farm Equipment. – An exceptional offering of Real Estate. A total of 80 +/- acres being offered in two tracts.
Tract 1 – 10 Acres with a full list of great features including the 3 Bedroom / 2 Bathroom 2,092 sqft home! Downstairs is over a 1,000 sqft basement that was used for storage, utilities, and extra space! Large primary bedroom with walk in closet and bathroom. Spacious family room just off the kitchen. Stainless appliances with a newer LP Gas Stove and a newer microwave. Spare dining room and an office space just outside 2 other bedrooms. Multiple new upgrades! Within last two years this home has had all new windows and a new roof! The water softener is owned and was upgraded to a quality system in last few years. New vinyl plank flooring throughout part of the house. New carpet in primary bedroom. The list goes on! The home has a detached 2+ car garage with a large open porch that was used for relaxing and seeing over the large yard and firepit area.
Tract 1 comes with over 80,000 bushels of grain storage! 4 Brock Grain Bins and an additional 2,000 bushel holding bin. The bins are 40,000 Bushels, 20,000 Bushels,12,000 Bushels, and 12,000 Bushels. All 4 bins have air tubes on them currently. There is no shortage of farm storage on this property as well! 2 Morton Barns – 1 has a 36×54 heated shop and 54×63 storage area. The second Morton Barn measures 69×71 – Featuring a loading dock setup and a 17×26 insulated vegetable cooler! There is also a 29×45 Pole Barn and a 24×29 block building.
If Tract 1 and 2 are sold to separate buyers, and a survey is required. Tract 1 will be surveyed out of the 80+/- deeded acres to insure 10 Acres is included with Tract 1 with the remainder of the 70+/- acres becoming Tract 2. See auction terms and conditions for more details.
Tract 2 – 70 +/- Acres of mostly tillable farmland! Approximately 62 acres of tillable ground. The other 8+/- acres is made up of a sparsely wooded pasture space that has been used for cattle and hay over the years. As well as a an approximately 2 acre pond. The Ousley’s have farmed this ground for the last 50+ years that they have owned it. Wayne said he has never lost a crop on this ground due to standing water. It drains extremely well with the Chalfant Ditch that runs through the entire property. The county just put in an all new outlet on the south end of the farm.
There is 46 acres of wheat planted on Tract 2. The buyer of Tract 2 will have the right to harvest the wheat crop and split the gross vlaue of the wheat sold 50/50 with the seller. The right to bale the leftover straw has been assigned. The buyer of Tract 2 will receive $2,000 after the straw has been baled from the seller. Once the wheat and straw have been removed the buyer will have full access to that part of the farmground to do as they want. The buyer will have possession of the other tillable ground that has not been planted at closing.
Reach out with any questions or to schedule a time to view the real estate!
Caleb Cleek (765)635-9861
Auction 1 is an Online Only Auction on Wednesday, March 4th @ 5 PM EST. Bidding for this portion of the auction exclusively on HiBid.
Auction 1 will include personal property from tools, shop items, and farm supplies. As well as house furniture, coins, collectibles, antiques, and more!
Auction 2 is LIVE In-Person and Online on Thursday, March 12th @ 10 AM EST – will include all of the Farm Equipment. Don’t miss out on this farm equipment lineup!
