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REAL ESTATE AUCTION - 23+/- ACRES OFFERED IN 3 TRACTS IN ALLEN COUNTY, INDIANA
11725 North River Rd, New Haven, IN 46774 - Allen County, IN
Owner: Kate Bremer and The Former George Bremer Mon, May 22, 2023 EASTERNAUCTION IS OVER
TOTAL SOLD: $520,000
| Tract(s): 1 | @ $285,000 | |
| Tract(s): 2 | @ $185,000 | ($10,882/acre) |
| Tract(s): 3 | @ $50,000 | ($12,500/acre) |
OPEN HOUSE/INSPECTION DATES
Sunday, April 30th from 2-4PM
Monday, May 8th from 5-7PM
Or call Jerry Ehle for Private Showing.
PROPERTY LOCATION
11725 North River Rd, New Haven, IN 46774
2 Miles East of Landin Rd
AUCTION LOCATION
Ehle Barn
2007 N River Run, New Haven, IN 46774
Located just 1/4 Mile East of Auction Property
TRACT DESCRIPTIONS
Tract 1:
2± ac
3 Bedroom, 2 bath home on 2+/- acres with 42ft x 60ft pole building plus SolarEdge modern mill solar electric generating grid. Monthly electric bills average approximately $15.83 per month.
Features:
Tract 2: 17± ac completely wooded with a planting of hardwoods in 2008 by the State of Indiana. This tract has 75 feet of road access east of the adjacent property. This is a great place to park some investment money for the future, and in the meantime, enjoy your own beautiful country property. The front of this tract is in Floodway and the remainder in Flood Plain. This tract offers a great recreational and hunting piece of property. Either add to Tract 1 or combine with Tract 3 for nearly 21 acres. This tract is subject to a septic tile outfall easement going to the drain on this property from Tract 1 and the adjacent land owner to the east.
Tract 3: 4± ac "SWING TRACT" meaning it can only be bid on by an adjacent land owner or in combination with Tract 2. This tract is also completely wooded with the State Planting of hardwoods. It offers additional acres to add to Tract 2 or complete the entire purchase of Tracts 1, 2, and 3 for a 23 Acre Country Estate!!
TRACT MAP(S)
AREA MAP(S)
PROCEDURE: Tracts 1-3 will be offered in individual tracts, and in any combination of these tracts, or as a total unit, subject to the Swing Tract Rules. 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 cashier's 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. Seller reserves the right to reject any and all bids. The terms of this agreement and addendum are non-negotiable.
DEED: Seller shall provide a warranty deed and Owner's 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 June 23, 2023. The cost for an insured closing will be shared 50/50 between Buyer and Seller.
POSSESSION: Buyer(s) shall receive possession at closing.
REAL ESTATE TAXES: The Real Estate Taxes shall be pro-rated to the 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 Seller's option and sufficient for providing title insurance. Closing prices shall be adjusted to reflect any difference between advertised and surveyed acres.
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. 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 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 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.
