AUCTION IS OVER

TOTAL SOLD: $615,000

Tract(s): 1+2+5+6	@ $380,000	($95,000,000/acre)
Tract(s): 3	@ $185,000	($185,000,000/acre)
Tract(s): 4	@ $50,000	($50,000,000/acre)

• 2 Auction Dates - 6 Lake Wawasee Properties on May 28 @ 6PM • Smokeys Landing Building & 3 Lots • 3 Lake Homes • Detached Garage • Vacant Lot • SMOKEYS LANDING INVENTORY & PERSONAL PROPERTY on JUNE 2 @ 4PM • Boats, Kayaks, Truck, Trailers • Boat Motors, Much New Fishing Tackle, New Marine Items • Memorabilia • AUCTION MANAGERS NOTE: This a very rare opportunity to purchase several lake properties at one time on Lake Wawasee. Bidding will be on each tract individually, and/or bid in any combination of the tracts. Close in time to enjoy the 4th holiday on the lake!

OPEN HOUSE/INSPECTION DATES

Meet a Schrader representative at the properties on Sunday, May 3, 2-4 pm or call for a private showing, 866-340-0445

PROPERTY LOCATION

801 - 806 LAKESIDE DR., LAKE WAWASEE, SYRACUSE
adjacent to Main Channel Marine

AUCTION LOCATION

Oakwood Resort, 702 East Lake View Road, Lake Wawasee, Syracuse

TRACT DESCRIPTIONS

Tract 1: Smokeys Landing Building, Home on Back Lot & Additional Vacant Lot, 801 & 802 Lakeside Drive. (Lots 14, 15, & 16 Lingofelter Park). Smokey ft.s building is a 1476 sq. ft. block building with a 288 sq. ft. block porch. There is 1 restroom, is on public sewer and has well water. The building is set upon on water front lot, adjacent to the Main Channel Marine. There is 50 ft. of waterfront with a wooden pier along the entire water frontage. There is a 480 sq. ft. back lot, 1 bedroom, 1 bath home behind the store. It is on city sewer and shares a well with home on Tract 6. Additional back lot included with tract 1 which is for a total of 3 lots on this tax parcel.

Tract 2: Waterfront Lake Home Plus Additional Lot, 804 Lakeside Drive (Lots 12 & 13, Lingofelter Park). This tract has a 3 bedroom home on two 50 ft. waterfront lots. The home has gas forced air furnace, and is partitioned with 2 kitchens and living space in both. The second lot as part of this tract is 50 ft. waterfront x 120 ft. deep. There is a concrete boat launch on this property. It is only to be used as a private launch.

Tract 3: Waterfront Lake Home, 806 Lakeside Drive (Lot 11 Lingofelter Park). This is an 816 sq. ft. A Frame home on a 50 ft. waterfront lot. There is a kitchen, living room, 1 bedroom, and a 2nd level bedroom. The home has gas forced air furnace and central air and is on public sewer with well water. The lot size is 50 ft. x 120 ft.

Tract 4: Back Lot with 24 ft. X 32 ft. Garage, (Lot 19 Lingofelter Park). This tract has a 768 sq. ft. garage with electricity (provided from Tract 6) and double 7 ft. x 10 ft. overhead doors. The lot size is 50 ft. x 100 ft.

Tract 5: Vacant Back Lot (LOT 18 Lingofelter Part). This is a vacant .11 acre back lot. The lot size is 50 ft. x 100 ft.

Tract 6: Back Lot Home, 803 Lakeside Drive (Lot 17 of Lingofelter Park). This is a 440 sq. ft. back lot cottage. It has Kitchen, small living area, 2 bedrooms, and 1 bath. It has gas forced air heat. It is on public sewer and shares its well with Tract 1 cottage. The lot size is 50 ft. x 100 ft.

AREA MAP

TRACT MAP(S)

PLAT MAP(S)

AREA MAP(S)

PROCEDURE: The property will be offered in 6 tracts, any combination of tracts, and as a total unit. There will be open bidding on all tracts and combinations during the auction as determined by the Auctioneer. Bids on tracts, tract combinations and the total property may compete.

DOWN PAYMENT: 10% down payment on the day of auction with the balance in cash at closing. The down payment may be made in the form of cash, cashiers check, personal check or corporate check. Your bidding is not conditional upon financing, so be sure you have arranged financing, if needed, and are capable of paying cash at closing.

ACCEPTANCE OF BID PRICES: All successful bidders will be required to enter into purchase agreements at the auction site immediately following the close of the auction. Seller reserves the right to reject any and all bids.

EVIDENCE OF TITLE: Seller shall provide an owners title insurance policy in the amount of the purchase price.

DEED: Seller shall provide a Warranty Deed(s).

CLOSING: The balance of the purchase price is due at closing, which will take place within 30 days of presentation of insurable title. Costs for an insured closing shall be shared 50:50 between Buyer(s) and Seller.

POSSESSION: Possession on or before July 1, 2015.

REAL ESTATE TAXES: The Real Estate Taxes shall be pro-rated to the day of closing.

ACREAGE: All tract acreage, dimensions and proposed boundaries are approximate and have been estimated based on current legal descriptions and/or aerial photos.

SURVEY: The Seller shall provide a new survey where the tract divisions in this auction create new boundaries. Seller and successful bidder shall each pay half (50:50) of the cost of the survey. The type of survey performed shall be at the Sellers option and sufficient for providing title insurance. Combination purchase will receive a perimeter survey only.

AGENCY: Schrader Real Estate & Auction Company and its representatives are exclusive agents of the Seller.

DISCLAIMER AND ABSENCE OF WARRANTIES: All information contained in this brochure and all related materials are subject to the terms and conditions outlined in the Purchase Agreement. The property is being sold on AS IS, WHERE IS basis, and no warranty or representation, either express, or implied, concerning the property is made by the Seller or the Auction Company. All sketches and dimensions in the brochure are approximate. Each potential bidder is responsible for conduct of his or her own independent inspections, investigations, inquiries, and due diligence concerning the property. The information contained in the brochure is subject to verifications by all parties relying on it. The Seller or the Auction Company assumes no liability for its accuracy, errors, or omissions. Conduct of the auction and increments of bidding are at the discretion of the Auctioneer. The Seller and Selling Agents reserve the right to preclude any person from bidding if there is any question as to the persons credentials, fitness, etc. All decisions of the Auctioneer are final.

ANY ANNOUNCEMENTS MADE THE DAY OF THE SALE TAKE PRECEDENCE OVER PRINTED MATERIAL OR ANY OTHER ORAL STATEMENTS MADE.

Auction Brochure

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