AUCTION LOCATION
451 E. Owens Farm Road, Bloomfield, IN 47424
OPEN HOUSE
June 26, 2021 from 10:00am - 2:00pm (EST)
& July 17, 2021 from 10:00am - 2:00pm (EST)
PERSONAL PROPERTY AUCTION
Personal Property Auction to follow at 1:00pm (EST)
PROPERTY DESCRIPTION
Idyllic rolling, 237.5 +/- acre, southern Indiana property located 1 ½ hours southwest of Indianapolis, 45 minutes southwest of Bloomington, 30 minutes from NSWC Crane Naval Depot and the Westgate Technology Center, and 15 minutes from Bloomfield. No matter where you roam, with I-69 less than 30 minutes away, finding your way back to this beautiful place could not be more convenient. Scenic vistas featuring grassy knolls and abundant woodland habitats team with wildlife making this an attractive property for farmers, nature lovers, hunters, and front porch sitters. Three water features totaling approximately 4+/- acres allow for fishing, trapping, and water for both wildlife and domestic animals. A hunter’s paradise with abundant deer, turkey, and the occasional bobcat; this property is located only 30 minutes from the popular Goose Pond Fishing and Wildlife Area. Historically, this property has successfully supported both cattle and grain operations including 100+/- acres of pasture and 40+/- acres of tillable acreage. A $30,000 high tensile fencing upgrade in 2018 to the north tract along with well-maintained fencing on the south tract fully supports a cattle operation. In addition, a clean, fresh rural water supply is available via a cattle watering system on the north pasture tract. The property has been leased for grain and cattle farming for the past several years. Timber was harvested within the past 10 years with Timber Stand Improvement [TSI] programs completed during the same period to encourage hardwood re-growth.
This property also includes three barns and several other well-placed outbuildings in good condition for use in supporting a variety of operations or activities. In addition, there are two homes on the property. Both have updates and one has successfully operated as a vacation rental through VRBO since 2016 [the rental was closed due to COVID in 2020 and 2021 due to the sale]. The other more traditional farmhouse to be included for sale with the north tract has been well maintained and is conveniently situated near the barns.
PROPERTY FEATURES
• 237 +/- Acres in Greene County
• 1400sq. ft. modern home with 960sq. ft. of open concept living quarters
• 4 well stocked ponds
• New high tensile fence borders half of the property
• Tillable, Pasture and Wooded Land
• 30 minutes from Crane Naval Depot
• 45 minutes from Indianapolis
• Rural water
• Many well maintained barns and sheds
• 1394 sq. ft. farm house
West House (Tract 1):
Nestled on 7.5+/- wooded acres on the west side of the farm, this location is secluded and private. A well-maintained, ranch style, 2-bedroom, 2 bath, 1400 square foot home, this spectacular property is a rare find. The home features an open family room, dining, and kitchen area absolutely perfect for spacious, country living. The home boasts updates in all the right places including new flooring, paint, light and plumbing fixtures, and appliances. A fantastic, 8‘ x 50’ front porch spans the front of the home where a quiet moment or socializing can be enjoyed while the deer walk by. There is also a small back porch for relaxing and enjoying that first cup of coffee. Adjoining the house by a covered breezeway is an amazing, detached 960 square foot, open concept living quarters with a full bath and spacious living area. This space offers additional room for family gatherings, workshops, small retreats, or additional sleeping quarters. Both feature a masonry finish, central air, satellite internet, and rural water. There is also a detached 4 car garage for personal or all-terrain vehicles, mowers, etc.…Other wonderful features of this property include a 1.4 +/-acre fully stocked pond, space for a fire pit, hiking, fishing, and other outdoor activities.
The current owners have operated this property as a weekend rental property since 2016 through VRBO with an average nightly rental rate of $215/night. The property was not heavily promoted yet still generated significant income. As a result, the home is being offered fully furnished as a weekend rental retreat or residential property, however, sellers are negotiable should a residential buyer not desire furnishings. Revenue and occupancy information is available upon request.
North Tract (Tract 2):
This approximately 97+/- acre tract includes 57+/- acres of prime pasture with high tensile fencing installed in 2018 enclosing approximately 75% of the pasture acreage, 49 acres can be transfered to Cropland with a NRCS conservation plan. An additional 32 acres of woodland are enrolled in the DNR Classified Forest program which not only promotes the growth of healthy hardwoods but greatly reduces property tax liability for a new owner. A 3-acre pond and rural water access via an installed cattle watering system support a successful livestock operation along with ample county road frontage open to barn lots. This pasture acreage has been used for rotational grazing for the past several years.
The farm was homesteaded in 1816 and has a 1394 square foot, 2-story historic farmhouse that is over 100 years old. With 2 bedrooms, 1 updated bath, and loads of character, this home reminds you of a bygone era. The farmhouse underwent a complete renovation and features updated cabinets, counters, flooring, tub, sinks, toilet, and more. A large eat-in kitchen is perfect for entertaining with a view to the large, private backyard also with mature trees for shade on a hot summer day. A third space with a closet is available on the main floor perfect for a small bedroom or nursery. There is also a large open storage space on the second floor that does not have a closet or HVAC. Perched on a knoll amid mature shade trees, an expansive wrap-around porch offers up the perfect seat to enjoy southern Indiana’s finest rolling vistas. A detached 1 car garage and carport just off the house completes this lovely home. Satellite internet is available.
Adjacent to the farmhouse is a large 40’ x 60’ barn with lean-to on both ends. The south lean-to features hay mangers facing the cattle corral and the north lean-to has concrete floors and an overhead garage door. The barn also features sliding doors on both ends.
A white, vintage barn with haylofts on both sides is a second outbuilding on this property and sports a wide-open, center space to accommodate a variety of activities or operations. A second back barn with aluminum siding and sliding doors provides additional space for storage.
There is an overhead power line easement across this tract as well as a cemetery with burials starting in 1835, including several from the Civil War era, WWI and WWII in the northeast corner.
South Tract (Tract 3):
Approximately 131+/- acres of rolling land including 44+/- acres of prime pasture 39 of which can be transferred to cropland with a NRCS conservation plan, 40+/- acres of tillable acreage, and 23+/- acres of Classified Forest describe this tract. A definite plus is 2 access points from E Owens Farm Road into the property. Rural water and electricity are available at the county road. There is a 5+/- acre Kudzu patch under a program with DNR and NRCS showing signs of size reduction. The seller will provide more details on this program upon request. Beautiful spot for a building site.
TERMS
10% earnest money down on each tract the day of auction. Balance due at closing on or before August 30, 2021. There will be a 0% buyer premium. Sellers reserve the right to accept or reject high bid. Any statement made the day of the auction takes precedence over previous material. All information provided herein was obtained from sources deemed reliable, but neither the auction company nor seller guarantees its accuracy.
Disclaimer: Greene County GIS Mapping has southeast property line incorrect.
Disclaimer: This farm is currently under Highly Erodible Land Conservation determination by NRCS to evaluate the maximum cropland acres.
