AUCTION IS OVER

TOTAL SOLD: $870,000

Tract(s): 1+2

@ $870,000

• 10+/- Acres • 3 Bedroom Home on Basement • 66ft x 100ft new Multi-Purpose Barn

AUCTIONEER'S NOTE: Located in Leo School District, This home and barn combination is a potential in Home Business or Hobby set up. Purchased separately, allows for potential future home site on Tract 2. The well currently services both tracts. If purchased separately, within 90 days after closing, it will be the Buyer of Tract 2 responsibility to install well for Tract 2 if needed.

OPEN HOUSE/INSPECTION DATES

Sunday, October 16th from 2-4pm
Monday, October 24th from 5-7pm
Or call Auction Manager to Schedule a private walk through!

PROPERTY LOCATION

7419 Union Chapel Rd Fort Wayne, IN 46845
Located less than 1/2 mile west of Metea Park , off of State Road 1.

AUCTION LOCATION

7419 Union Chapel Rd Fort Wayne, IN 46845
Auction held onsite in the barn.

TRACT DESCRIPTIONS

Tract 1: 5.7± ac 3 Bedroom Home on Basement and 5.7+/- Acres. As you enter the property via the winding drive through the woods, you come upon the 3 Bedroom Ranch Style home on full finished basement, set upon 5.3+/- wooded acres. The ceramic tiled kitchen has gas range, built-in microwave. The kitchen opens to a dining area. The attached family room has an abundance of large windows to watch the deer and wildlife on the property. There is a patio door out to a large deck in the back yard. There are 3 nice sized bedrooms with a master bath, plus a full bath in hallway, and a utility room with half bath off of the garage entrance. The home was recently updated with New Anderson windows, new siding, new gutters. The basement was also recently finished, including carpet, kitchenette, and bar and has daylight windows. There is a nice sized utility and storage room. The home is heated with natural gas forced air furnace plus additional whole house wood burning capability. There is central air. The home has a two car attached garage plus a 3 car, 24ft x 40ft detached garage with gas heat and air conditioning in the one car unit. The back yard is enclosed with a newer black 6 foot chain link dog fence with multiple gates. There is even the opportunity for deer hunting on your own property with most of the property being wooded. There is over 350 feet of road frontage on this tract. Home is currently on septic with sewer available.

Tract 2: 4.3± ac A Magnificent Custom Built 66ft x 100ft multi-purpose building, set upon 4.3+/- acres. Built by Floyd Henney Builders, no cost was spared!

BUILDING SPECS:

Wood Framed, Truss built 12ft wide x 50ft long, 48in OC

14ft Side Walls, and 25ft max Ridgetop

Overhead has 716 Micro-Groove, Urethane insulated

Steel Overhead doors: 18ft x 14ft, 12ft x 12ft, and (2) 10ft x 10ft (All with LiftMaster Openers)

OSB installed on interior with insulation

Interior Metal Liner panel installed over OSB

1600 sq ft concrete approach

Geothermal Floor Radiant Heat (Radiant Floor Boiler, zone valves)

3 Floor drains in main area and Floor drain in mechanical room

Exterior Steel skin with Metal roof with gutters

8 Primed Bollards in front of overhead doors

Anderson Series 100 Windows

Therma Tru 3ft x 7ft exterior doors

Attached 20ft x 20ft Pavilion

Plumbing rough in for laundry and 1/2 bath

Drywalled Office space

Future bath prepared

Walk up Loft

Sewer Hookup available (assessment for hookup has already been paid for through Leo-Cedarville)

The gas line to the barn is currently hooked up to the garage on Tract 1 and shares the meter. If Tract 2 is sold separately from Tract 1, then the barn will need to have it’s own gas line and meter.

The distance from the barn to the road is roughly 275 feet. Should the barn be considered Commercial by the buyer, then there would be no cost to run the gas to the barn. There would be a fixed $80 monthly meter charge, on top of gas usage.

If this barn is used as residential auxiliary barn, or converted into a residential building, then there would be a cost to run gas to this building. Going off of 275ft and the smallest meter, then that cost would be approximately $1,500, and with the largest meter $2,200. The monthly meter charge would be $18 a month, plus gas usage on top of the cost.

TRACT MAP(S)

Tracts 1+2

AREA MAP(S)

PROCEDURE: The property will be offered in 2 individual tracts, and the combination of tracts. There will be open bidding on both tracts and the combination during the auction as determined by the Auctioneer. Bids on each tract, and the tract's combination may compete.

DOWN PAYMENT: $10,000 down payment on the day of auction for each tract purchased. The down payment may be made in the form of cashier's 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 owner's title insurance policy in the amount of the purchase price.

DEED: Seller shall provide Personal Representative's Deed(s).

CLOSING: The balance of the real estate purchase price is due at closing, which will take place on or before December 16, 2022.

POSSESSION: Possession is at day of closing.

REAL ESTATE TAXES: The 2022 Real Estate taxes due in 2023 shall be pro-rated to the day of closing. Buyer to pay all taxes thereafter. Buyer(s) to pay all ditch assessments after the 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 Bidder's 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.

SURVEY: Any need for a new survey shall be determined solely by the Seller. Seller and successful bidder(s) shall each pay half (50:50) of the cost of the perimeter survey any new survey. The type of survey performed shall be at the Seller's 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 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 person's 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.

Septic Inspection

Auction Brochure

Click to download