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REAL ESTATE AUCTION - 72.25+/- ACRES OFFERED IN 3 TRACTS IN KOSCIUSKO COUNTY, INDIANA

Oswego, Indiana - Kosciusko County

Owner: Oswego Farms, LLC Tue, Nov 6, 2018

SOLD FOR $480,000

• 72.25+/- Acres offered in 3 Tracts • Country Homes • Potential Building Sites • Woodland • Tippecanoe River • Ponds • Wildlife, Hunting, Fishing & Recreation • Northeast of Warsaw • West of North Webster • Online Bidding Available • Bid your price on your choice of any tract or any combination of tracts or buy the entire property!


OPEN HOUSE/INSPECTION DATES

Monday, October 8 from 4-6 PM
Sunday, October 14 from 1-3 PM

Call the sale manager for private inspections

PROPERTY LOCATION

From US 30 in Warsaw, travel north to CR 600 N on the south side of Leesburg, turn east 1/2 mile to Baseline Road. Then turn north 1/2 mile to Armstrong Road, then turn east 3 miles to First Street in Oswego, turn south to Rader Road, then turn west and follow, will turn south to CR 550 N, then turn west. All Tracts are on the north side of CR 550 N, Tract 1-3 are approximately 1/4 mile west of Tract 4.

AUCTION LOCATION

At The Meeting Place, 475 Anchorage Rd. Warsaw IN, South of US 30 on SR 15, 1/4 Mile to Anchorage Rd. turn east to the second drive then turn north. Near Horizon Bank.

TRACT DESCRIPTIONS

Tract 1: 20± ac 2300 Riverside Drive / CR 550 N, Warsaw. Cozy, two story mill home on the edge of the Tippecanoe River, 3-bedroom, 1 bath, enclosed deck on the riverside. Fish, hunt, and wildlife. Great retreat property, retirement home or young family, nearly all wooded.

Tract 2: 21± ac 2356 CR 550 N, Warsaw. All brick, country ranch home, updated kitchen with all appliances. Two Bedroom, living room, 1 bath, two car garage, full basement on CR 550 N. Enjoy hunting and fishing, recreation and wildlife, along the winding Tippecanoe River, 13.5± wooded acres and 5± acres pasture or tillable, approximately 2.5± acre mill pond, for fishing, swimming and great camping area with electricity secluded off the road.

Tract 3: 31.2± ac 3 storage buildings, there is no electricity to the buildings, great horse property, fishing on the mill race pond, great hunting and wildlife with the meandering Tippecanoe. Excellent potential building site. 5+- acres of tillable land or pasture with road frontage on CR 550 N.

TRACT MAP(S)

SOIL INFORMATION

AREA MAP(S)

PROCEDURE: 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% of the accepted bid as down payment on the day of the auction with balance in cash at closing. The down payment may be 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.

APPROVAL 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.

DEED: Seller will provide a Special Warranty deed.

EVIDENCE OF TITLE: Seller will provide title insurance in the amount of the purchase price.

CLOSING: The targeted closing date will be approximately 45 days after the auction or as soon as possible after marketable title.

POSSESSION: At closing.

REAL ESTATE TAXES: Pro-Rate to day of closing.

DITCH ASSESSMENTS: The Buyers shall pay any ditch taxes due if any after closing.

SURVEY: The Seller shall determine any need for a new survey. Tracts purchased separately or in combinations that contain entire existing legal descriptions shall not be surveyed any balance of the Tracts purchased shall be surveyed and price adjusted according to surveyed acres using the existing legal as the basis for the non surveyed portions. Any new survey provided shall be for the perimeter only, when tracts are combined. Closing prices shall be adjusted to reflect any difference between advertised and surveyed acres. There shall be no adjustment on Tracts or combinations of Tracts with improvements. The survey costs shall be shared 50:50 between Buyer(s) and Seller. Seller shall not be responsible for any closing costs incurred by the Buyer(s) for financing.

EASEMENTS: The sale of the property is subject to any and all easements of record.

DISCLAIMER AND ABSENCE OF WARRANTIES: All information contained in this brochure and all related materials is subject to the Terms and Conditions outlined in the Purchase Agreement. ANNOUNCEMENTS MADE BY THE AUCTION COMPANY AT THE AUCTION PODIUM DURING THE TIME OF THE SALE WILL TAKE PRECEDENCE OVER ANY PREVIOUSLY PRINTED MATERIAL, OR ANY OTHER ORAL STATEMENTS MADE. The property is being sold on an 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. Each potential bidder is responsible for conducting his or her own independent inspections, investigations, inquires, 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. All sketches and dimensions in this brochure are approximate. 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 an 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 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 MADE.

Auction Brochure

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