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LAND AUCTION - 156.63+/- ACRES OFFERED IN 7 TRACTS IN ALLEN COUNTY, INDIANA

15000 Block State Road 3, Fort Wayne, IN 46818 - Allen County, Indiana

Owner: Ansons Place, LLC Tue, Jun 6, 6:00 PM

• 156.63+/- Acres offered in 7 Tracts • Development & Investment Potential • Water, Sewer & Gas • Carroll School District • Wooded & Tillable Land • Access off of Dunton Road, Echowood Lane, Tally Ho Drive & Windwood Ct. • Over 1400 ft. of frontage along State Road 3, over 600 ft. along Dunton Rd. • Online Bidding Available


OPEN HOUSE/INSPECTION DATES

Walkover Inspections Anytime

PROPERTY LOCATION

15000 Block State Road 3, Fort Wayne, IN 46818 Perry Township Section 20. East side of State Road 3 just North of Hathaway Road and just South of Gump Road.

AUCTION LOCATION

Allen County Fairgrounds Administration Building, 2726 Carroll Road, Fort Wayne, IN 46818.

TRACT DESCRIPTIONS

Tract 1: 30± ac with approximately 20+/- acres tillable and the rest wooded. There is access to this tract off of Echowood Lane and approximately over 700 ft. of frontage along State Road 3. Soil types include Glynwood silt loam, Blount silt loam, and Pewamo silty clay loam. This tract also features a 1 story, 588 Sq. Ft. home with 2 bedrooms, 1 bathroom, on a full basement. If tract 1 & 2 sell separate, tract 1 will be surveyed to include all of Echowood Lane.

Tract 2: 25.5± ac with approximately 14+/- acres tillable and the rest wooded and brush land. There is access to this tract from Tally Ho Drive to the North out of Hunters Ridge subdivision, and approximately over 700 ft. of frontage along State Road 3. Soil types include Glynwood silt loam, Blount silt loam, Morley silt loam, Washtenaw silt loam, and Brookston silty clay loam. This tract also features a 2 story 2,336 Sq. Ft. brick home with 4 bedrooms, 2 bathrooms, partial basement, and a 2 car detached garage.

Tract 3: 20± ac of mostly tillable land. There is access to this tract from Windwood Court to the North out of Hidden Oaks Place subdivision. Soil types include Glynwood silt loam, Blount silt loam, Morley silt loam, and Pewamo silty clay loam.

Tract 4: 20± ac of all wooded land. This is a swing tract with no access and must be purchased in conjunction with an adjacent auction tract or an adjacent land owner. Soil types include Glynwood silt loam, Blount silt loam, Pewamo silty clay loam, Wallkill silty clay loam, and Morley soils.

Tract 5: 14.5± ac of mostly tillable land. This is a swing tract with no access and must be purchased in conjunction with an adjacent auction tract or an adjacent land owner. Blount silt loam, Pewamo silty clay loam, Glynwood silt loam, Martinsville loam, Haskins loam.

Tract 6: 30.5± ac of all wooded land. There is access to this tract off of Dunton Road with approximately 120 ft. of frontage. Soil types include Glynwood silt loam, Blount silt loam, and Pewamo silty clay.

Tract 7: 16± ac of all wooded land. There is access to this tract off of Dunton Rd. with over 500 ft. of frontage. Soil types include Glynwood silt loam, Blount silt loam, and Pewamo silty clay.

TRACT MAP(S)

SOIL INFORMATION

AREA MAP(S)

PROCEDURE: The property will be offered in 7 tracts, any combination of tracts, and as a total unit. There will be open bidding on all tracts and combinations during the auction as determined by the auctioneer.

DOWN PAYMENT: 10% Cash down payment at the close of the auction with the balance in cash at closing. The down payment may be made in the form of cash, cashiers check, personal check or corporate check immediately negotiable is satisfactory for the down payment. Your bidding is not conditional upon financing, so be sure you have arranged financing, if needed, and are capable of paying cash at closing.

APPROVAL OF BID PRICES: At the close of the auction, buyer(s) will be required to execute an agreement to purchase and addendum at the auction site immediately following the close of the auction. The terms of this agreement and the addendum are non-negotiable. 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 21, 2017. Costs for an insured closing shall be shared 50:50 between Buyer and Seller.

POSSESSION: Possession day of closing, immediately following the closing.

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

DITCH ASSESSMENTS: Buyer shall pay all ditch assessments due after closing.

LOT SIZES AND ACREAGE AMOUNTS: All lot sizes, dimensions, and proposed boundaries are approximate and have been estimated based on current legal descriptions and/or aerial photos.

SURVEY: A new perimeter survey has been completed by Anderson Surveying. The cost for the new survey shall be split 50/50 between the buyer and the seller if the property sells as a whole. In the event the property sells in manner that creates new legal descriptions, the cost for any additional survey work shall be split 50/50 between the buyers and the seller. If there is more than one buyer, the 50% portion of the survey cost shall be shared equally among the buyers. This would include the original cost of the new perimeter survey and any additional survey work that would need to be completed. Closing prices shall be adjusted to reflect any difference between advertised acres and surveyed acres.

EASEMENTS: All real estate is being sold subject to any existing recorded easements. Existing recorded leases, if any, will be assigned to the buyer.

AGENCY: Schrader Real Estate & Auction Co. of Fort Wayne, LLC., 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. Your bids are to be based solely upon your inspection. All real estate is being sold on a 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. Seller and the Auction Company are not assuming any responsibility for warranty of any specific zoning classifications, location of utilities, assurance of building permits, driveway permits or water and septic permits or that the property qualifies for any specific use or purpose. Tract acreage, sketches and dimensions have been estimated based on aerial photography and the new perimeter survey and 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 the brochure is subject to verifications by all parties relying on it. The Seller nor the Auction Company assume any liability for its accuracy, errors, or omissions. Except for any express warranties set forth in the sale documents, purchaser(s) assumes all risks thereof and acknowledges that in consideration of the other provisions contained in the sale documents, Seller and the Auction Company make no warranty or representation, express or implied or arising by operation of law, including any warranty of merchantability or fitness for a particular purpose of the property, or any part thereof, and in no event shall Seller or the Auction Company be liable for any consequential damages. Conduct of the auction and increments of bidding are at the direction and discretion of the auctioneer. The Seller and the Auction Company 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.

Seller and Auction Company are not liable for any accidents or injuries that occur during walkover inspections.