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REAL ESTATE AUCTION - 80.9+/- ACRES IN 3 TRACTS IN HAMILTON COUNTY, INDIANA

Hamilton County, Indiana

Owner: Schmutte (sale by sheriff) Wed, Mar 29, 1:00 PM

• 80.9+/- Acres offered in 3 Tracts • Beautiful Executive Home • Commercial Shop • Land with Nursery Trees • North of Carmel/Westfield, Indiana


OPEN HOUSE/INSPECTION DATES



Inspections by Appointment Only.
Sunday, February 26th @ 3:00 to 5:00 PM
Saturday, March 4th @ 1:00 to 3:00 PM
Friday, March 10th @1:00 to 3:00 PM
Saturday, March 18th @ 10:00 to 12:00 Noon.
Call 1-877-747-0212 for appointment time.

PROPERTY LOCATION

405 West 266th Street, Sheridan, IN. From Hwy. 31 at I-465 north on Hwy. 31 about 21 mi. to 266th St. then west 2 mi. to property on the left. Sec. 22 Twp. 20N R 3E.

AUCTION LOCATION

Held On Site

PROPERTY DESCRIPTION

A luxurious piece of property with many outstanding features:

  • Northern Hamilton County just off Hwy. 31 and 20 min. to Carmel.
  • Fantastic/Lodge style custom executive home on 16 acres with superb landscaping
  • 4 multi use barns including potential horse or purebred livestock operation for your estate in the country.
  • Well suited barn for indoor riding arena and stalls. Fenced paddocks.
  • Just north of Westfield Sports Complex, near Hoosier Park and easy access to downtown with new Hwy. 31.
  • Land with trees to sell or operate specialty agriculture operation.
  • Unique combination of well-designed structures in good condition.

    TRACT DESCRIPTIONS

    Tract 1: 16± ac Fabulous 9,874 sq. ft. custom built lodge style, 2 story executive home with a 3 car attached garage. Two master suites with fireplaces and total of 6 bedrooms, six baths with log great room and huge fireplace. Exercise room and theater room with wet bar. Commercial kitchen appliances. Landscaped pool with pool house. Great pond with fountain in front yard. Six stall deluxe horse barn and 40 ft. x 60 ft. event barn. All irrigated, well landscaped grounds. This tract has everything and more. Tract 1 will have temporary easement on existing drive for one year.

    Tract 2: 11.7± ac site for business. All steel 14,080 sq. ft. building/shop with 6 large overhead doors and 1,920 sq. ft. finished office built 1997. Radiant heat main bay with mechanic ft.s pit and shop manager ft.s office and bathroom. Open bays for great storage. Building is 96 ft. x 210 ft. and is perfect for several types of businesses. Also 69 ft. x 120 ft. pole barn that would be great for potential horse barn with riding arena. Dirt floor now and 6 large overhead doors.
    NOTE: The 69 ft. x 120 ft. pole barn is owned by a third-party lessor and is subject to removal unless the Buyer of Tract 2 negotiates a separate purchase of the leased barn from the lessor.

    Tract 3: 53.2± ac (SWING TRACT) This tract must be purchased in combination with Tracts 1 or 2 or by adjoining landowner. About 1/2 open land in grass or hay and 1/2 nursery stock trees. Mostly irrigated, level and productive soils. This tract has many potential uses, in addition valuable tree stock. Specialty crops or produce land including natural or organic certification potential. Good lane, improved waterway and pretty stand of mature trees. Wow! Do not miss this with Tract 1 or 2.

    Total amt. of 2015 taxes due in 2016 was $19,905.66 for all 3 tracts combined.


    INTERACTIVE MAP

  • TRACT MAP(S)

    SOIL INFORMATION

    PLAT MAP(S)

    AREA MAP(S)

    SHERIFFS SALE: This auction will be conducted by Schrader Real Estate and Auction Company, Inc. (Auction Company) on behalf of the Sheriff of Hamilton County (Seller) pursuant to an order of the Hamilton County Superior Court which provides that the property shall be sold by the Sheriff to the highest bidder(s), without reserve and regardless of price.

    BIDDING PROCEDURES: Tract 1 (16+/- ac) and Tract 2 (11.7+/- ac) may be purchased as individual tracts or as part of any tract combination. Tract 3 (53.2+/- ac) may be purchased only in combination with Tract 1 and/or Tract 2 or by an adjoining landowner with public road access. Bidding on individual tracts will compete with bidding on tract combinations until the close of bidding.

    BIDDER REGISTRATION: To qualify as a bidder, you must bring and produce a cashiers check or other certified funds in the amount of $50,000 (or $100,000 if you intend to bid on Tract 1 in combination with Tract 2 and/or Tract 3) and a bank letter confirming your financial ability to pay all sums due in the event you are a high bidder.

    BUYERS PREMIUM: Each high bidder (other than the Plaintiff/Creditor) will be charged a Buyers Premium, to be paid at closing, in the amount of 6% of the high bid amount.

    PURCHASE CONTRACT: Immediately after the close of bidding, each high bidder shall sign a purchase contract in the form to be provided in the bidder packets. All information contained in this sale brochure and other marketing materials is subject to the terms and conditions contained in the written purchase contract. Seller shall not be bound by any statement, promise or inducement that is not contained or incorporated in the written purchase contract.

    EARNEST MONEY: Immediately after the close of bidding, each high bidder shall deliver initial earnest money in the form of a nonrefundable cashiers check or other certified funds and in the amount of $50,000 (or $100,000 for Tract 1 if combined with Tract 2 and/or Tract 3). On or before April 3, 2017, each high bidder shall deliver additional earnest money in an amount equal to 10% of the bid price LESS the initial earnest money.

    CLOSING: The balance of the purchase price will be due at closing on or before May 12, 2017. YOUR BIDDING IS NOT CONTINGENT UPON FINANCING, so be sure you have arranged financing, if needed, and are capable of paying cash at closing.

    REAL ESTATE TAXES: Buyer will assume and pay real estate taxes for 2016 (due in 2017) and thereafter and all special assessments due in 2017 and thereafter. Buyer will not be responsible for real estate taxes, assessments and penalties that are delinquent prior to the day of the auction.

    DEED: The property will be conveyed by sheriffs deed.

    POSSESSION: Possession will be delivered at closing.

    EASEMENTS: Buyer will acquire the property subject to any and all easements of record. Tract 1 (if sold separately from Tract 2) will have the benefit of a temporary one-year easement for the use of the existing drive on Tract 2.

    TITLE INSURANCE: Buyer will receive, prior to closing, an updated commitment for a standard owners title insurance policy in the amount of the purchase price. The cost of owners title insurance will be paid out of Sellers proceeds at closing. Preliminary title insurance schedules will be available for review prior to the auction.

    ACRES; TRACT MAP: The advertised acres and aerial tract map in the marketing materials are approximations only and are not provided as survey products.

    THE PROPERTY IS OFFERED AS IS AND WHERE IS. NO WARRANTY OR REPRESENTATION, STATED OR IMPLIED, IS MADE BY SELLER OR AUCTION COMPANY CONCERNING THE PROPERTY. Prospective bidders are responsible for conducting their own independent inspections, investigations, inquiries and due diligence concerning the property. The information contained in this brochure and other marketing materials is provided subject to bidders independent verification. Seller and Auction Company assume no liability for any inaccuracies, errors or omissions in such materials. All sketches and dimensions are approximate.

    AGENCY: Auction Company and its representatives are exclusively the agents of the Seller.

    CONDUCT OF AUCTION: The conduct of the auction and increments of bidding will be at the direction and discretion of the auctioneer. Seller and its agents reserve the right to preclude any person from bidding if there is any question as to the persons identity, credentials, fitness, etc. All decisions of the auctioneer at the auction are final.

    CHANGES: Please arrive prior to scheduled auction time to review any changes or additional information. AUCTION DAY ANNOUNCEMENTS AND OTHER DOCUMENTS IN THE BIDDER PACKETS WILL TAKE PRECEDENCE OVER THE MARKETING MATERIALS AND ANY OTHER PRIOR STATEMENTS.

    Auction Brochure

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