SOLD

REAL ESTATE & PERSONAL PROPERTY AUCTION - 2 DATES - IN 2 TRACTS IN DEKALB COUNTY, INDIANA

1792 CR 60, Garrett, IN 46738 - DeKalb County, IN

Owner: The estate of Nicholas Wells, Luke Thompson (Attorney) Mon, Aug 13, 2018 EASTERN

AUCTION IS OVER

TOTAL SOLD: $171,000

Tract(s): 1+2 @ $171,000

• 3 Bedroom Ranch • Walk-out Basement • 40x40 Barn • Private Lake • 2 Tracts • PERSONAL PROPERTY TO SELL ON SATURDAY, AUGUST 11 @ 9AM • Tractor • ATV • Mower • Trailer • Milling Machine • Auto & Shop Tools • Lawn & Garden • Pool Table • Household


OPEN HOUSE/INSPECTION DATES

Sunday, July 22 from 2-4pm
Monda, August 6 from 5-7pm

PROPERTY LOCATION

From I-69 and County Road 56, Go west on CR 56 to CR 11A, turn south and follow to CR 60 and turn west and follow to property.

AUCTION LOCATION

Held On Site

TRACT DESCRIPTIONS

Tract 1: 3 bedroom ranch with walk-out basement and 40 x 40 out building, on a private pond. The home is on a full basement with walk-out to back. The beautiful eat-in kitchen with breakfast bar has modern oak kitchen cupboards, new gas range and dishwasher. There is oak trim throughout the home, plus 6 panel doors. Three bedrooms on the main level plus bath and a half, with plumbing in basement for full bath. The basement could be used for 4th bedroom and also finished rec room. The home is heated with propane hot water boiler and has central air. There are replacement windows and the roof was replaced with complete tear off and 40 year shake asphalt shingles in 2008. There is updated 200 amp elect. service, newer Hot Water Heater, and a 4 in. inch well new in 1996. The exterior is Limestone front with vinyl siding. The 40 x 40 barn is truss framed, all concrete floor and has a Trane furnace. There is 110 and 220v electric in the barn. The lot is comprised of two tax parcels. One is .76 acre and the other is .13 acre per the DeKalb County Assessors Office. This tract is adjacent to and has access to the pond.

Tract 2: 0.7± ac lot per the DeKalb County Assessors office: This is an adjacent lot to the west with approximately 150 foot of frontage on the pond and is also approximately 150 ft. wide at the road. It is not being offered as a building site, but could be purchased separately by one of the adjacent land owners or the buyer of Tract 1.

Note: The pond maintenance cost is shared by the adjoining property owners.


AREA MAP

AREA MAP(S)

PROCEDURE: The property will be offered in 2 tracts separately or in combination. Tracts 1 and 2 may be bid on in a combination. There will be open bidding on both tracts and the combination during the auction as determined by the Auctioneer. Bids on tracts and the tract combination may compete.

DOWN PAYMENT: $2000.00 down payment on the day of 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. 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 Personal Representatives Deed(s).

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

POSSESSION: Possession of both tracts will be on day of closing, immediately following the closing.

REAL ESTATE TAXES: The Real Estates taxes shall be pro-rated to date of closing.

ACREAGE: All tract acreage, 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 the tract divisions in this auction create new boundaries. Seller and successful bidder shall each pay half (50:50) of the cost of the new surveys. The type of survey performed shall be at the Sellers option and sufficient for providing title insurance. Combination purchase will receive a perimeter survey only.

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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