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REAL ESTATE AUCTION - 65+/- ACRES IN 3 TRACTS IN ALLEN COUNTY, INDIANA

Allen County, Indiana - Layfayette Twp.

Owner: T. William McKinney Mon, Nov 5, 6:00 PM

• 65+/- Acres in 3 Tracts • Pewamo Soils • Do not miss your chance to bid on this excellent farm with productive pewamo soils near Exit 2 off I-469 & Indianapolis Road!


OPEN HOUSE/INSPECTION DATES


Tuesday, October 9 from 5-7PM
Monday, October 22 from 5-7PM

PROPERTY LOCATION

10000 Block of Hamilton Road - Section 23, Lafayette Twp, Allen Co, Indiana

AUCTION LOCATION

Zanesville United Methodist Church Tower Life Center, 11811 N. Wayne Street, Zanesville, IN 46799

TRACT DESCRIPTIONS

Tract 1: 29± ac This tract has approximately 400 feet of frontage on Hamilton Road and runs 1300 feet deep and wraps around the existing home sites. It is mostly level and consists of mostly Pewamo soils with a few high spots of Blount Silt Loam. This tract is mostly all tillable. Combine with Tract 2 to make a nearly 56 acre tillable farm or it would also make a great country estate site in an excellent Southwest Allen County neighborhood.

Tract 2: 28± ac This tract has approximately 400 feet of frontage on Hamilton Road and runs 1300 feet deep. Itís eastern border is the Witzgall ditch. It is mostly level and consists of mostly Pewamo soils with a few high spots of Blount Silt Loam. This tract is mostly all tillable. Combine with Tract 1 to make a nearly 56 acre tillable farm or it would also make a great country estate site in an excellent Southwest Allen County neighborhood.

Tract 3: 8± ac This tract has nearly 800 ft. of frontage on the Hamilton Road and runs 1000 ft. feet deep along the eastern tree line. The western border is the Witzgall ditch. Combine this tract to the others for a productive working farm or a potential estate site in Southwest Allen School District.

TRACT MAP(S)

SOIL INFORMATION

AREA MAP(S)

PROCEDURE: The property will be offered in 3 individual tracts, as a total 65+/- acre unit. Bid on individual tracts any combination of tracts or on the entire property. There will be open bidding on all tracts and combinations during the auction as determined by the auctioneer. The property will be sold in the manner resulting in the highest total sale price.

DOWN PAYMENT: 10% 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: The Successful Bidder will be required to enter into a purchase agreement 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 Warranty Deed(s).

CLOSING: 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 shall be at of closing or when current tenant finishes crop.

REAL ESTATE TAXES: The 2018 Real Estate taxes due in 2019 shall be pro-rated to the day of closing. Buyer to pay all taxes thereafter.

ACREAGE: All acreage, dimensions and proposed boundaries are approximate and have been estimated based on current legal descriptions and/or aerial photos.

SURVEY: A new perimeter survey shall be prepared only if necessary to complete Title Commitment. Seller and successful bidder shall each pay half (50:50) of the cost of any survey. The type of survey performed shall be at the Sellers option and sufficient for providing title insurance.

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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