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REAL ESTATE AUCTION - 90.5+/- ACRES IN 5 TRACTS IN ALLEN COUNTY, INDIANA

8909 Yellow River Road, Fort Wayne - Allen County, Indiana

Owner: Betty Straley Estate Mon, Dec 10, 2018

SOLD FOR $721,000

• 90.5+/- Acres in 5 Tracts • NW Allen Farmland & Home • Rolling Estate Size Building Sites • Tillable, Productive Farmland • Ranch Home on 2.5+/- Acres w/Barns & Outbuildings • City Sewer Available • There is Fort Wayne Sewer along the frontage of this entire property! • ONLINE BIDDING AVAILABLE! • PERSONAL PROPERTY AUCTION ON SAT., NOVEMBER 17 @ 10AM!


OPEN HOUSE/INSPECTION DATES


Sunday, November 11 from 1-3pm
Tuesday, November 20 from 4-6pm

or call office for private showing!

PROPERTY LOCATION

8909 Yellow River Road, Fort Wayne - Located just minutes from Arcola, between Bass Rd & Arcola Rd

AUCTION LOCATION

St. Patricks Catholic Church, in Arcola - 12305 Arcola Rd, Fort Wayne

TRACT DESCRIPTIONS

Tract 1: 2.5± ac This home site boasts a spectacular view overlooking hundreds of acres and surrounding farms. A well maintained, 2 bedroom, 1 bath ranch on 2.5+/- acres with a barn and outbuildings! This home was built in 1975. The kitchen has an eat-in area with electric range and dishwasher. The large living room has beautiful wood case windows which provide a wide view overlooking the farm. There are two bedrooms, each with double 6 panel door closets. There is one bath and a utility room. The home is heated by electric heat pump and has central air. The outbuildings include a grainery, with corn cribs, small poultry barns, a garden shed, an open end storage barn, and small sheds. This tract has approximately 350 feet of road frontage!

Tract 2: 18± ac of mostly tillable land. There is approximately 500 feet of road frontage along this tract. It has a higher elevation point in the front and slopes back to the back for a scenic view of the back of the farm. The soils are mostly Glynwood silt loam and Pewamo silty clay mixed with Morley silt loam and some Washtenaw silt loam. There is approximately 1.5+/- acres of wooded area along the southeast edge.

Tract 3: 26± ac of mostly tillable land. This also has a higher elevation on the front and slopes down to the back. There is approximately 800 feet of road frontage along this tract. The soils are mostly Haskins loam with some Pewamo silty clay.
Combine tracts 1, 2, & 3 for a gorgeous, scenic home site with nearly 47+/- acres!

Tract 4: 24± ac of mostly tillable land. This tract has nearly 1,000 feet of road frontage. It has the old barn site along the road, and offers one of the best vista view home sites around. This tract offers a potential lake site with approximately 5+/- acres of flood plain at the northwest corner. The soils are a combination of Glynwood on the top side and slopes down to Pewamo silty clay loam and then Houghton muck along the Seegar Branch drain.

Tract 5: 20± ac of mostly tillable land. This tract has approximately 600 feet of road frontage. It has a high elevation along the road and slopes down to the Seegar Branch drain. The soils are a mix of Glynwood silt loam and Pewamo and Haskins and Rawson loam.
Combine tracts 4 & 5 for a gorgeous estate site with views overlooking the area farms!!

ONLINE BIDDING AVAILABLE - You may bid online during the auction at www.schraderauction.com. You must be registered One Week in Advance of the Auction to bid online. For online bidding information, call Schrader Auction Co. - 800-451-2709.

TRACT MAP(S)

SOIL INFORMATION

AREA MAP(S)

PROCEDURE: Tracts 1- 5 will be offered in individual tracts, and in any combination of these tracts, or as a total unit. There will be open bidding on all tracts and combinations during the auction as determined by the auctioneer. The property will be bid in the manner resulting in the highest total sale price.

DOWN PAYMENT: 10% Cash down payment at close of auction. Cash or cashiers check or a personal 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 Real Estate and Addendum. The terms of this agreement and addendum are non-negotiable.

DEED: Seller shall provide a Personal Representatives and Owners Title Insurance Policy.

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

CLOSING: Balance of purchase price is due in cash at closing, which will take place on or before January 11, 2018. The cost for an insured closing will be shared 50/50 between Buyer and Seller.

POSSESSION: Possession is at closing.

REAL ESTATE TAXES: Taxes shall be pro-rated to date of closing.

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

ACREAGE: All acreage is approximate and has been estimated based on current legal descriptions and/or aerial photos.

SURVEY: The Seller shall provide a new survey where there is no existing legal description or where new boundaries are created by the tract divisions in the auction. Any need for a new survey will be determined solely by the Seller, cost of the survey will be split 50/50 between Buyer and Seller. The type of survey performed shall be at the Sellers option and sufficient for providing title insurance. Closing prices shall be adjusted to reflect any difference between advertised and surveyed acres. In the event that the entire property sells to one buyer there shall be no survey.

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

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. Your bids are to be based solely upon your inspection. All real estate is sold as is without physical warranty. Seller and agent 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. Tract acreage has been estimated based on aerial photographs. 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.


ONLINE BIDDING AVAILABLE - You may bid online during the auction at www.schraderauction.com. You must be registered One Week in Advance of the Auction to bid online. For online bidding information, call Schrader Auction Co. - 800-451-2709.

Auction Brochure

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