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REAL ESTATE AUCTION - 45+/- ACRES OFFERED IN 4 TRACTS IN WHITLEY COUNTY, INDIANA

3371 E. Hartman Rd., Columbia City, Indiana - Whitley County, Indiana

Owner: Jeffrey A. Stout Tue, Apr 25, 2017

SOLD FOR $471,000

• 45+/- Acres offered in 4 Tracts • Recreational Land • Home with Pond • Tillable Land • Beautiful Setting • Online Bidding Available


OPEN HOUSE/INSPECTION DATES

Wed., March 29 from 4-6 pm
Sun., April 2 from 1-3 pm,
Tues., April 4 from 4-6 pm

PROPERTY LOCATION

3371 E. Hartman Rd., Columbia City, IN- 1 mile east of Columbia City, on US 30 to CR 300 E, then north 3/4 mile to Hartman Rd., then east 1/4 mile to the property OR northeast of Columbia City on SR 205 1 mile to CR 300 E, then south 1-1/2 mile to Hartman Rd., then east to the property.

AUCTION LOCATION

The Van Buren, 301 Van Buren St., Columbia City, IN

TRACT DESCRIPTIONS

Tract 1: 20± ac with over 500 ft. of frontage on the Hartman Rd. 13 acres of tillable land and the balance in wooded recreational land. Great location for your country estate.

Tract 2: 9± ac rolling acres with pond, open land and wooded area. The winding drive leads to the secluded home. The house was constructed in 1975 and offers, 3 bedrooms, 2 baths, full basement, and attached garage. Fireplaces in the living room and partially finished basement. Beautiful views overlooking the pond and wooded wildlife habitat. Combine with Tract 4 for 22.5 acres and have room to play, create trails, hunt, fish, and enjoy endless possibilities. There is also a pin frame bank barn on this parcel.

Tract 3: 3± ac with approx. 350 ft. of frontage on Hartman Rd. Beautiful possible building site! Combine with Tract 4 and have 16+/- acres that would be mostly wooded with breathtaking views.

Tract 4: 13± ac (SWING TRACT) this parcel must be purchased in combination with Tracts #1, 2 or 3. The possibilities are endless!


INTERACTIVE MAP

TRACT MAP(S)

SOIL INFORMATION

PLAT MAP(S)

PROCEDURE: The property will be offered in 4 individual tracts, any combination of tracts and as a total 45+/- acre 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 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).

DEED RESTRICTIONS: The following deed restrictions shall apply if the property sells in multiple tracts: All homes must be built to the Indiana 1 & 2 Family Dwelling Code. (This would exclude all mobile homes and typical doublewide modular homes.) The minimum square footage (exclusive of garages, basements and porches) on single story homes shall be 1,400 square feet. The minimum square footage on 1-1/2 story homes shall be 1,600 square feet. The minimum square footage on 2 story homes shall be 1,800 square feet. All homes must have no less than a 5/12 roof pitch and no less than a two-car, attached garage.

PERIMETER DRAIN TILE EASEMENT: Easement access will be provided over tracts in this property for perimeter drain tile outlets if perimeter drain tile outlets beyond each individual tract are required by the Whitley County Health Department.

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 for the home and non-tillable land will be at closing. Possession on the tillable acres will be subject to tenant rights for the 2017 crop year.

REAL ESTATE TAXES: Real estate taxes will be pro-rated to the day of closing. 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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