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REAL ESTATE COUNTRY FARM AUCTION - 64.5+/- ACRES OFFERED IN 4 TRACTS IN ALLEN COUNTY, INDIANA

Hoagland, Indiana - Allen County

Owner: Donald R. And Nancy D. Hartman Tue, Oct 15, 2019

SOLD FOR $646,000

2 DATES AUCTION - PERSONAL PROPERTY SATURDAY, OCTOBER 12 @ 9AM & REAL ESTATE IS TUESDAY, OCTOBER 15TH @ 6PM • 64.5+/- Acres offered in 4 Tracts • Modern Ranch Style Home on Basement with Large Barn & 7 Acres • Additional 57 Acres All Offered in Tracts on in Combinations • Home & Barn • Productive Tillable Land • Possible Building Sites • Personal Property


OPEN HOUSE/INSPECTION DATES

Sunday, Sept. 22 from 2-4pm
Tuesday, Sept. 24 from 5-7pm

or Call Schrader Office for Private Showing! For Complete Information Visit our Website!

PROPERTY LOCATION

12809 Brunson Rd, Hoagland, IN

AUCTION LOCATION

Hoagland Park Pavilion, Hoagland Road, Hoagland, IN

TRACT DESCRIPTIONS

Tract 1: 7.5± ac Home, Barn, Garage and 7.5+/- Acres. This ranch style home was originally built in the 1960s, then added onto and remodeled in the 70s and 80s. The home features a large family/dining room area for entertaining. A large bow window highlights this area! There are beautiful large Madison Cabinet built-in bookcases on each end of the area. The kitchen also features custom Madison Cabinets with many extras such as specialized pantry area! There is a Master Bedroom with full Master Bath plus a bonus office area. There is an outdoor access door out to the back deck. Enjoy the view from the 12 x 16 deck overlooking the farm. There are 2 additional bedrooms and an additional bath and 1/2 on the main level. Stepping down from the kitchen and breezeway, there is a 16 ft. x 18 ft. four season room with tile floor. Surrounded by windows, this room provides great views of the farm! There is a partial finished basement with additional utility room and a large fruit & canning storage area. The home is currently served by a newer mound style septic system. It is inspected bi-annually and has been declared as good for many years to come. There will be sewer run along the frontage soon for future use if wanted. The home and barn are also currently being shown in the 100 year flood plain on the county maps. However, both have been shown by a Letter of Map Amendment to be out of the 100 year flood hazard area. This letter of Amendment is available for your review. The large beam barn measures 36 ft. x 70 ft. with hay mows above and large sliding front doors. There is also a 2 car detached garage. There is a large selection of fruit trees and many grape vines with large annual harvest! The setting is on 7.5+/- acres and slopes down to the Houk drain as the east border. There is nearly 1200 feet of road frontage along this tract! There is approximately 4-5+/- acres that would be great for pasture for livestock or horses.

Tract 2: 36± ac This tract has 150 feet of road frontage along the Brunson Road, and can be combined with Tract 4 to gain access off of Wayne Trace. The soils are mostly productive Blount silt loam with some Glynwood clay loam. There is flood plain along the Houck ditch. The elevation rises significantly to the center offering a spectacular potential scenic building site! There is estimated to be 14+/- acres not in the flood plain.

Tract 3: 9± ac SWING TRACT This tract is offered as a Swing Tract which can only be bid on in combination with another tract with access or by an adjacent land owner. This tract is on the east side of the Houck ditch, with a bridge crossing near the south border of the property. It also rises up to the back to a point where there is some land out of the flood plain. Combine with Tract 2 for a 45+/- acre estate site!

Tract 4: 12± ac This tract has 200+/- feet of road frontage along Wayne Trace. It also has flood plain on much of it, with an elevated area of approximately 4 acres not in flood plain.
Again, this could be a very desirable potential building site overlooking the farm. The soils on this tract are Glynwood silt loam with an area of Pewamo silty clay along the ditch. Tracts 2, 3, and 4 combined offers approximately 49+/- tillable acres per the Farm Service Agency map.

TRACT MAP(S)

SOIL INFORMATION

AREA MAP(S)

PROCEDURE: Tracts 1- 4 will be offered in individual tracts, & in any combination of these tracts, or as a total unit, subject to Swing Tract rules. There will be open bidding on all tracts & combinations as determined by the auctioneer. The property will be bid in the manner resulting in the highest total sale price.

DOWN PAYMENT: Tract 1 and any combination with Tract 1: $5,000 down at the close of the auction and the balance at closing. Tracts 2 and 3, and 4: A 10% cash down payment is due at the close of auction. A cashiers check or a personal or corporate check immediately negotiable is satisfactory for the down payment. The balance of the purchase price is due in 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.

CLOSING: The targeted closing date will be approximately 30 days after the auction (or as soon as possible thereafter upon completion of the Final Title Commitment and Sellers closing documents). The closing agents fee for an administered closing will be shared equally (50:50) between Buyer and Seller. Buyer will pay any closing charges due to Buyer securing a mortgage.

POSSESSION: Possession of all tracts shall be delivered at closing.

REAL ESTATE TAXES: Real estate taxes shall be prorated to the date of closing. Buyer will assume and pay all assessments, including drainage assessments, if any, that are last payable without a penalty after the date of closing.

BUILDIND SITES: For purposes of building sites, Tracts 2 and 3 are being offered as a non-reviewed sell-offs by the Allen County Plan Commission. It will be the Buyers responsibility to apply for any Building permitting required by the Allen County Plan Commission, Allen County Building and Health Departments.

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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