Home / Auction Info



Sylvan Lake - Rome City - Noble County, Indiana

Owner: The Thomas H. Wolfrum Family Trust, Administrator: Beth Wetherill Thu, Aug 30, 2018

SOLD FOR $535,000

• 55+/- Acres in 12 Lots • Beautiful wooded lots or great investment for future Commercial tree sales! • Online Bidding Available


THURSDAY, Aug. 9 from 4-6 PM
THURSDAY, AUG. 16 from 4-6 PM
SATURDAY, AUG. 18 from 10 am-12 PM

Meet at the corner of Northport Rd & Co. Rd. 325 E.


North of Rome City Indiana on St. Rd. 9, about 1/2 mile to Northport Rd, turn east about 1/2 mile to site on south side.


Sylvan Cellars Event Center, 2725 E. Northport Rd., Rome City, Indiana.


This 55.95+/- acre wooded land has a combination of planted walnut trees (about 25+/- acres with 20-25 years growth), pine trees, and old natural woods. It is ideal for a beautiful homestead or great investment for the future in walnut trees! Commercial tree sale now! 1,430 road frontage on Northport Road for commercial development. Or a hunters paradise!

Lots: All properties within 300 ft. of sewer line which lies along Spring Beach Rd. or Chambers St. (Lots #1, 2, 3, 4, 5, 6, 7, 8, 9 & 12) must hook up to Town of Rome City sewer system, if a home is constructed. All information for building future parcel development needs to be addressed to the Town of Rome City for their opinion and approval.


Tract 1: 11± ac with frontage of approximately 560 ft on Northport Rd. This beautiful parcel could be used for a home site, toy barn, and commercial business (if rezoned). Walnut trees on this parcel.

Tract 2: 0.7± ac Entrance onto Spring Beach Rd. View of Sylvan Lake and good looking parcel to enjoy.

Tract 3: 0.4± ac Entrance onto Spring Beach Rd. Good elevation with view of Sylvan Lake.

Tract 4: 1.1± ac Entrance onto Spring Beach Rd. Very attractive site with old natural woods.

Tract 5: 1.3± ac with entrance onto Spring Beach Rd. This is part of the old natural woods with some commercial trees. Very attractive site.

Tract 6: 0.4± ac Entrance onto Spring Beach Rd. Nice get-away site with heavily scented pine trees. Part of old natural woods.

Tract 7: 0.9± ac Entrance onto Spring Beach Rd. Very open with old natural woods.

Tract 8: 5± ac Entrance onto Spring beach Rd. Some roll to this amazing parcel and some commercial trees from the old natural woods.

Tract 9: 12± ac SWING TRACT This swing parcel is loaded with walnut trees. It must be purchased by any adjoining property buyer.

Tract 10: 5± ac with frontage of approximately 430 ft. on Northport Rd. This parcel would be ideal for a home or a small business (if rezoned). Walnut trees on this parcel.

Tract 11: 10± ac with frontage of approximately 550 ft. on Northport Rd. and also has frontage on 325 E. Great location for a business (if rezoned) or a home site, two entrances. Number of walnut trees.

Tract 12: 10± ac with entrance onto 325 E. This site is very attractive if wanting a beautiful homestead. Number of walnut trees and pine trees.




PROCEDURE: The property will be offered in 12 individual tracts, any combination of tracts and as a total 55 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: Per Town of Rome City approval.

ZONING: Agricultural Land along Northport Road has potential to be rezoned to Commercial.

CLOSING: The targeted closing date will be approximately 30 days after the auction, with the balance of the real estate purchase price due at closing.

POSSESSION: Possession is at closing.

REAL ESTATE TAXES: $281.32 yearly taxes will be prorated to the date 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.

LOT SIZES SURVEY: If property is not all sold as one unit then a new survey will need to be completed survey costs shall be split 50/50. 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.


Auction Brochure

Click to download