Legal Description: The NE ¼ of the SE ¼ and the E ½ of the NE ¼ Section 24-12-8W Vigo County, and Pt. of the W ½ Section 19-12-7 Clay County, Indiana, containing 202.01+/- acres
Land Location: From the intersection of Hwy 46 and Swalls Drive just east of Terra Haute, Indiana, go 5 miles east on Swalls Drive, then ¼ mile north on Hyde Street. The property will be on the west and east side of the county line.
General Description: This 202+/- acre farm called the “old Nugent farm” has approximately 185 acres of cropland, of which 160 acres are irrigated with a two-year-old, 8 tower T & L center pivot that is nozzled at 700 gpm.
There is a 16” cased well that is approximately 120’ deep with ample water. Additionally, attached to the bottom of the well at a right angle is a ¼ mile of 16” underground, screened pipe that was installed years ago along the high wall and covered with loaded rip raft.
The 8” electric submersible pump is powered by a two-year-old IZUZU four-cylinder diesel engine. The 250-gallon diesel tank also sells with the farm.
The seller states it costs only $2 per acre to make a circle. In addition, the seller states he has had 80-bushel beans and more than 200-bushel corn. The farm had a tile system installed every 40’.
This property features a large pond that is shared with a neighbor. The pond is loaded with up to 4 lb. bass, 16” crappie, and 1 lb. blue gill.
2018 Taxes: $4,787.76
Seller: Timothy and Robin Schutter