SOLD

LAND AUCTION - 102+/- ACRES OFFERED IN 2 TRACTS IN WHITLEY COUNTY, INDIANA

Columbia City, IN - Whitley County, IN

Owner: Wulff Laux Revocable Living Trust Tue, Jan 30, 2024 EASTERN

AUCTION IS OVER

TOTAL SOLD: $1,275,000

Tract(s): 1+2 @ $1,275,000 ($12,454/acre)

• Productive Farmland in a Great Location! • Great Future Development Potential! • 95+/- Cropland Acres • Conveniently Located near Southwest Fort Wayne • Deer and Turkey


Auction Info Book


OPEN HOUSE/INSPECTION DATES

Thursday, January 4th from 3pm-5pm
Saturday, January 13th from 9am-10:30am

PROPERTY LOCATION

From the intersection of State Road 14 (Illinois Road) and W County Line Road (S 800 E) - Travel south on W County Line Road (S 800 E) for 2.3 miles and the property entrance will be on the right (West side of the road).

AUCTION LOCATION

Saturn Christian Church
6731 E 800 S, Columbia City, Indiana 46725

TRACT DESCRIPTIONS

Tract 1: 53± ac this tract is accessed from W County Line Road. The gently rolling topography and wooded boundary line offer a scenic setting!

Tract 2: 49± ac of mostly, productive tillable farmland. Study the opportunity to add this tract to your existing farm or combine with Tract 1 for a total of 102+/- acres!

TRACT MAP(S)

AREA MAP(S)

PROCEDURE: The property will be offered in 2 tracts, (Subject to "Swing" Tract Limitations) and as a total 102+/- acre unit. There will be open bidding on all tracts during the auction as determined by the Auctioneer.

DOWN PAYMENT: 10% down payment on the day of auction for individual tracts or combinations of tracts. 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 Warranty Deed(s).

CLOSING: The targeted closing date will be approximately 30 days after the auction.

POSSESSION: Possession is at closing.

REAL ESTATE TAXES: Real estate taxes will be the responsibility of the Buyer(s) beginning with taxes due in 2025 and thereafter.

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: 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 this auction. Any need for a new survey shall be determined solely by the Seller. Seller and successful bidder shall each pay half (50:50) of the cost of the survey. The type of survey performed shall be at the Seller's option and sufficient for providing title insurance. Combination purchases will receive a perimeter survey only.

AGENCY: Schrader Real Estate and Auction Company, Inc. 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.