SOLD

REAL ESTATE AUCTION - 86 ACRES IN 3 TRACTS IN WHITLEY COUNTY

Whitley County, Indiana, Union Township

Owner: James Robert Didier Wed, Nov 11, 2015 EASTERN

AUCTION IS OVER

TOTAL SOLD: $565,000

Tract(s): 1-3 @ $565,000 ($6,569/acre)

• 86 Acres in 3 Tracts • Farmland • Wooded Acreage • 2800 Sq. Ft. Home • Peaceful Country Setting • River Frontage


OPEN HOUSE/INSPECTION DATES

Tuesday, October 27th 4:00 - 5:30
Saturday, October 31st 10:00 - 11:30

Meet at the home on Tract 3

PROPERTY LOCATION

6936 E. Chapine Road, Columbia City. From US 30 and Allen/Whitley County Line Road go north 1-1/2 mile to Old Trail, then west 1/4 mile to Johnson Road, then north 2 miles to Chapine Road, then west 1 mile to property.

AUCTION LOCATION

The Van Buren Banquet Hall, 301 W. Van Buren St., Columbia City, IN.

TRACT DESCRIPTIONS

Tract 1: 40± ac with approximately 36 acres tillable and 125 ft. of frontage on Chapine Road. The Eel River forms the south property line.

Tract 2: 38± ac with approximately 17 acres tillable, 19 acres wooded, and 135 ft. of frontage on Chapine Road. The Eel River is the south and east property line of the woods.

Tract 3: 8± ac of peaceful country living with a 2800 sq. ft., 2 story home built in 1978. Quick, easy access to US 30, Fort Wayne, and Columbia City.


AREA MAP

TRACT MAP(S)

SOIL INFORMATION

PLAT MAP(S)

AREA MAP(S)

PROCEDURE: Tracts 1 through 3 will be offered individually, in any combination, or in total. There will be open bidding on all tracts and combinations during the auction as determined by the Auctioneer.

DOWN PAYMENT: 5% down payment on the day of auction for individual tracts or combinations of tracts. The down payment may be made in the form of 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. All final bid prices are subject to the Sellers acceptance or rejection.

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

DEED: Seller shall provide Warranty Deed(s).

CLOSING: The balance of the purchase price is due at closing, which will take place within 15 days of presentation of insurable title. Costs for an insured closing shall be shared 50:50 between Buyer(s) and Seller.

POSSESSION: Possession of cropland is at closing subject to the harvest of the 2015 crop, possession of the home shall be given January 15, 2016.

REAL ESTATE TAXES: Real estate taxes will be the responsibility of the Buyer(s) beginning with the 2016 taxes due in 2017 and thereafter.

PROPERTY INSPECTION: Each potential Bidder is responsible for conducting, at their own risk, their own independent inspections, investigations, inquiries and due diligence concerning the property. Inspection dates have been scheduled and will be staffed with auction personnel. Further, Seller disclaims any and all responsibility for Bidders safety during any physical inspection of the property. No party shall be deemed an invitee of the property by virtue of the offering of the property for sale.

ACREAGE: All tract acreages, 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 there is no existing legal description or where new boundaries are created by the tract divisions in this auction. Any need for a new survey shall be determined solely by the Seller. 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 purchases will receive a perimeter survey only.

AGENCY: Schrader Real Estate & Auction Company, Inc. 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 an AS IS, WHERE IS basis, and no warranty or representation, either expressed 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 conducting his or her own independent inspections, investigations, inquiries, and due diligence concerning the property. The information contained in this brochure is subject to verification by all parties relying on it. No liability for its accuracy, errors, or omissions is assumed by the Seller or the Auction Company. Conduct of the auction and increments of bidding are at the direction and 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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