AUCTION IS OVER

TOTAL SOLD: $545,000

Tract(s): 1+2	@ $335,000	($5,583/acre)
Tract(s): 3+4	@ $210,000	($5,384/acre)

• 99+/- Acres offered in 4 Tracts or Combinations • Investment • Development • Tillable & Wooded Acres

OPEN HOUSE/INSPECTION DATES

Meet a Schrader Rep. along Hanauer Road on Thursday, October 22 from 4-6PM, or call for private appointment. 260-749-0445

PROPERTY LOCATION

2817 W. WALLEN ROAD (Located at the SW Corner of W. Wallen and Hanauer Road, just north of Cook Road).

AUCTION LOCATION

Cerutis Catering, 6601 Innovation Blvd., (just off of Ludwig Road). Fort Wayne, Indiana

TRACT DESCRIPTIONS

Tract 1: 55± ac Mostly tillable acres with a 3 acre drainage pond in the center. There is over 400 feet of road frontage along Hanauer Road. It is over 1700 feet in depth. There is an I & M tower easement that crosses through the property and over the drainage pond. Most of the soils on this tract are Pewamo silty clay and some Blount silt loam. This tract forms a natural bowl around the drainage pond, lending itself for some awesome elevated building sites around the pond.

Tract 2: 5± ac SWING TRACT, WOODED ACRES This Tract lies to the north of Tract 1 and adjoins 3 other properties. There are some maturing trees in this tract. This tract can only be purchased in combination with Tract 1 or by an adjacent property owner.

Tract 3: 27± ac This tract has over 400 feet of road frontage off of W. Wallen Road. There is a 3 acre level site along W. Wallen Road, then opens up to a rising 10 acres site elevated over the 3 acres. Then there is an additional 14 acres of level tillable land behind and runs back to the wooded tract 4. This is an awesome possible Estate Site with plenty of land for livestock, and buildings. This tract is adjacent to Colonial Oaks Golf Course. Combine this with Tract 4 for a 31 acre mini farm or multiple building sites.

Tract 4: 12± ac SWING TRACT, WOODED ACRES, This tract lies behind Tract 3 and is adjacent to Tract 1. It is all wooded with some maturing trees. The Seller is taking a management cut prior to the closing. This tract is adjacent to Colonial Oaks Golf Course. Combine this tract with Tract 1 or Tract 3 for a corner hunting and recreation area.

Auctioneers Note: There is currently a 52 unit multiple family development being constructed adjacent to the Auction Property along Hanauer Road. That site was rezoned from R-1 to R-3 for purposes of this development. A Sanitary Force Main Sewer extension was brought from Wallen Road, adjacent to this property and the off-site Storm Sewer Outlet was run across the Auction Property and down to the Hanauer Drain. The Auction Property is currently zoned R-1.

AREA MAP

TRACT MAP(S)

SOIL INFORMATION

AREA MAP(S)

PROCEDURE: The property will be offered in 4 tracts and any combination of the four tracts, subject to Swing Tract rules. There will be open bidding on all tracts and the combination during the auction as determined by the Auctioneer. Bids on each tract, 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 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.

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

POSSESSION: Possession shall be given on the day of closing, immediately following the closing, subject to tenant farmers 2015 crop.

REAL ESTATE TAXES: The Seller shall pay the 2015 Real Estate taxes due in 2016.

SURVEY: The Seller shall provide a new survey where there is no existing legal description or where new boundaries are created by tract divisions in this auction. Any need for a new survey shall be determined solely by the Seller. The Seller and the successful bidder(s) 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. Closing prices shall be adjusted to reflect any difference between advertised and surveyed acres if a new survey is determined to be necessary, except on Tract 1 and any combination with Tract 1.

AGENCY: Schrader Real Estate & Auction of Fort Wayne, LLC., 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 in this brochure is subject to verification by all parties relying on it. No liability for its accuracy, errors, or omissions is assumed by Seller or the Auction Company. Conduct of 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.

Auction Brochure

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