68 Acre Harrison County Land Multipar Online Auction

68 ACRE HARRISON COUNTY LAND MULTIPAR ONLINE AUCTION
BIDDING BEGINS: SATURDAY, NOVEMBER 25 @ 2PM
BIDDING ENDS: SATURDAY, DECEMBER 9 @ 2PM
2600 BLOCK FOGEL ROAD SE, CORYDON, IN 47112

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 

MULTIPAR AUCTION METHOD

The multi-par 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. The Harritt Group staff is always available to assist any bidder who has questions. If you need assistance on how to bid prior on auction day, please call our office for assistance @ 812-944-0217. Our staff will be available for questions.  

PROTECTIVE COVENANTS & RESTRICTIONS

1. 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.
2. 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.
3. 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.
4. 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.
5. Individual sewage disposal systems shall be located, and constructed in accordance with governmental requirements, standards, and recommendations installed shall be obtained from such authority. 

UTILITIES (Available at Street) 
Harrison County REMC
South Harrison Water Corporation

SOUTH HARRISON WATER
Tap In Fee — $2,000
Membership Fee — $100

REAL ESTATE TAXES (2022-2023)
Webster Township (Annual) — $461.72

DEDUCTIONS (2022-2023)
None 

FLOOD ZONE 
FEMA records indicate that the property is not in a flood zone.

LEGAL DESCRIPTION
PT W 1/2 NE QR 16-4-4  68.18 Acres Per Survey

PARCEL
Parcel #31-14-16-200-001.000-022
Parcel #31-14-16-200-002.000-022

SURVEY
Current survey provided by Ruckman Land Surveyors. 

SCHOOL CORPORATION 
South Harrison Community School Corporation  

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BUYERS 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.

SOLD WITH SELLER’S RESERVE
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. 

OPEN INSPECTION
Tuesday, November 28, 1PM - 3PM or call 812-944-0217 for a private showing.

PROPERTY LOCATION
2600 Block of Fogel Road SE, Corydon, IN 47112

SELLER
Eric K. Gibson

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.