AUCTION IS OVER

TOTAL SOLD: $503,000

Tract(s): 1-3

@ $503,000

• 2 Dates - Real Estate on June 22 @ 6PM & Personal Property on June 25 @ 9AM • REAL ESTATE ON WEDNESDAY, JUNE 22 @ 6PM • Modern Country Estate Auction • Home, 2 Building Sites • Immaculate Custom Built Home • Heated Storage Building with Apartment & Office • Livestock & Storage Barns • 2 Ponds • 23.5 Acres offered in 3 Tracts or Combinations • PERSONAL PROPERTY ON SATURDAY, JUNE 25 @ 9AM • Major Antique Scales Collection • Antiques & Collectibles • Kubota Tractor • Polaris Ranger • Kubota Zero Turn Mower • Small Implements • Horse Trailer • Saddles & Tack

OPEN HOUSE/INSPECTION DATES

Sunday, May 22 from 2-4PM
Wed., June 1 from 5-7PM

PROPERTY LOCATION

18414 Scipio Road, Spencerville, IN.
Directions: Take 101 north off of St. Rd. 37, go 1-1/2 miles to Scipio Road, turn left to property.

AUCTION LOCATION

Held On Site

TRACT DESCRIPTIONS

Tract 1: 15± ac w/immaculate 3,800 sq. ft. custom built home! Home features master BR suite on main level w/ jet tub, 2 shower head shower, separate vanities, & lots of closet space. There are 2 large BRs on lower level, each w/ a bathroom. Kitchen features custom made cabinets by County Mill, a center island w/ cabinets, lots of extra cabinet storage, & a corner window over the sink for great view out over the back pond. The Great room off of the kitchen features a walk-out onto the huge upper level deck overlooking the back pond area! A bonus room for dining or recreation has a wall of windows overlooking the back pond area! There is a room for a den or study w/ double pocket doors. The utility room is huge w/ 1/2 bath, lots of cabinets & counter space. There is a large open loft above the kitchen & great room area - perfect for a study, hobby or rec area. The lower level offers a large family room w/ gas fireplace. There is a bricked area w/ drain & surrounded by windows (perfect for a hot tub), & a walk-out covered patio off of the back. There is also a room plumbed & wired for kitchen, & a large storage area in the lower level. The 2 car garage has a complete floored attic w/ stairs.
The first building is 36x80 ft. w/ all concrete, 4 overhead doors, gas heat, & includes an apartment w/ full bath & office w/ counter + a conference room area & full bath. There is full length loft area for storage.
The livestock building is 48x64 ft. w/ 3 box stalls, tack room, cattle pens, a heated office, water & electric. There is full hay storage overhead on 2 sides, a turn-out area in the front of the building, & a 90 x 90 riding arena off of the back.
The storage building is 30x40 ft. + a 20x40 ft. heated lean-to. Both sides are concrete w/ electric & 14 ft. overhead door. There is a dog run off of the back plus stall area.
There is a 40x56 ft. livestock or storage barn w/ a front 14 ft. sliding door.
There is a 20x48 ft. shed for implement storage w/ concrete floor.
The pond is over 1+ acre & nearly 16 ft. deep. It is stocked w/ fish & has a covered pavilion w/ newly poured concrete. In front of the pavilion is a sand beach.

Tract 2: 6.5± ac scenic site, perfect for an estate building site! It is currently planted in alfalfa. It has over 400 ft. of road frontage, rises up from the road for a very elevated building site, & backs up to a very private woods area. There is an old small pond on the north end of the tract.

Tract 3: 2± ac parcel. This includes a 2 story home which will need complete restoration or demolition. The Tract offers a possible 2 acre building site w/ nearly 280 ft. of road frontage, & runs back over 350 ft.. It too rises up toward the back for a potential elevated building site.

AREA MAP

TRACT MAP(S)

SOIL INFORMATION

AREA MAP(S)

PROCEDURE: The property will be offered in 3 tracts and any combination of the three tracts. There will be open bidding on all tracts and the combination during the auction as determined by the Auctioneer. Bids on each tract and the combination may compete.

DOWN PAYMENT: Tract 1 and any combination with Tract 1, $10,000 down on day of sale, balance at closing. On Tracts 2 and 3, 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 on or before July 29, 2016. Costs for an insured closing shall be shared 50:50 between Buyer(s) and Seller.

POSSESSION: Possession shall be given on day of closing, immediately following the closing.

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

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 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 not be adjusted to reflect any difference between advertised and surveyed acres if a new survey is determined to be necessary.

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 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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