Auction Information
80 Acres in Hagerstown, IN
80+/- Acres Offered in 4 Tracts
Tue, Feb 26, 6:00 PM
Hagerstown, IN - Wayne County
Owner: Harriet L. Burroughs Irrevocable Trust, US Bank NA Trustee. Donald Hawk, Trust Officer
73.59 FSA Tillable Acres Excellent Soils Farmed as ONE FIELD 2-Story Country Home and Outbuildings Service/Cell Tower Income 50 Miles to Indy & Dayton
Note: The BURROUGHS FARM has quality soils, abundant road frontage, and an attractive farmstead all in an outstanding location. Whether youre a crop farmer, investor or rural home buyer, this property warrants your attention!
OPEN HOUSE/INSPECTION DATES
Saturday FEBRUARY, 9 from 2-4PM
Saturday FEBRUARY, 16 from 2-4PM
Auction Day: 3-4PM
TRACT DESCRIPTIONS
Tract 1: 67 ac nearly all tillable w/ 2350 ft. +/- frontage on Bear Creek Rd. and 800 ft.+/- frontage on Brick Church Rd. Quality well-drained soils with ease of operation. Currently farmed as one field. P...
Tract 1: 67 ac nearly all tillable w/ 2350 ft. +/- frontage on Bear Creek Rd. and 800 ft.+/- frontage on Brick Church Rd. Quality well-drained soils with ease of operation. Currently farmed as one field. Predominantly Treaty, Crosby and Losantville soils.
Tract 2: 5 ac with 2 story farmhouse and outbuildings. 500 ft.+/- of frontage on Brick Church Rd. and 440 ft.+/- of lot depth. Vinyl sided home with vinyl windows and 2,046 sf of living space. Walk-out basement and covered front & back porches. Outbuildings include a 36 ft. x 56 ft. metal-sided enclosed barn w/concrete floor and a 36 ft. x 78 ft. metal-sided barn that is open to the east. Come examine all the possibilities this Farmstead has to offer. Nettle Creek Schools.
Tract 3: 5 ac Swing Tract. All productive Tillable ground. Add this to Tract 2 to have a nice 10 acre Mini-farm. This tract must be purchased by an adjoining land owner or in combination with Tract 1 or Tract 2.
Tract 4: 3 ac with leased service tower. 275 ft. of frontage on Bear Creek Rd. and 475 ft. of lot depth. Excellent income potential with current lease through 11/30/17 paying $316.25 / month. Additional renewal options of (4) consecutive 7-year periods with stepped up payments. Buyer will assume the current lease.
Directions
PROPERTY LOCATION
4500 N. Brick Church Rd. HAGERSTOWN, IN 47346. The farm sits approximately 2 miles west of Hagerstown just south of SR 38 on Brick Church Rd. From I-70 take Exit 137, travel north 4 miles to SR 38 then west 2 miles to Brick Church Rd., then left (south) 1 mile to the farm. Located in Section 28 of Jefferson Twnp. Wayne Co.
AUCTION LOCATION
Golay Community Center located at 1007 E. Main St. (US 40), Cambridge City, IN. Located at the corner of IN SR 1 and US 40.
