• Home • Pond • Pole Buildings • Barns • Tillable Acreage/Building Site • Offered in 4 tracts or in combinations.
21 Acre Modern Country Estate
Spencerville, IN - Northwest Allen County
Owner: David L. Bennett Trust Thu, Sep 6, 2012 EASTERNAUCTION IS OVER
OPEN HOUSE/INSPECTION DATES
Sunday, July 29, 2-4pm and Saturday, August 4, noon-2pm
or call office for private showing.
Call for permission for walk-over; 260-749-0445
PROPERTY LOCATION
18414 SCIPIO RD., SPENCERVILLE, IN
Take 101 north off of St. Rd. 37, go 1 1/2 mile to Scipio Road, Turn left to property.
AUCTION LOCATION
Held on Site.
TRACT DESCRIPTIONS
Tract 1: Immaculate custom built home with nearly 4,000 sq. ft. of living space, 2 full and 3 half baths! Home features: Spacious kitchen with center-island, and an abundance of cabinets & counter space! Kitchen flows into open family room. Great open concept design! There is a large front formal dining room, surrounded by windows and overlooking scenic backyard with pond and wildlife. Theres an entrance out to the huge elevated wrap around deck overlooking the backyard. The master bedroom suite is on the main level and features double closets plus bonus size walk-in closet. The bath includes corner jetted garden tub, double vanity, and lots of room. There is a large loft over the family room for bonus family activities. There is also a good size den on the main level, perfect for in home office. The huge laundry room on the main level includes half bath and sink. The finished lower walk-out level offers a huge family room with wet bar, gas fireplace and walk-out to back yard patio. There are 2 additional rooms, currently used as bedrooms. There is a full bath on the lower level also plus a large utility area with additional out door entrance. The attached 2 car garage features a complete floored upstairs with steps leading to, plus additional closets. Home exterior is brick, aluminum, and cedar. Anderson windows throughout the home. Home is heated and cooled by electrical geothermal. Barn #1: A 36 x 80 heated shop, office, and apartment combo! Shop features 4 overhead 10 ft. doors and commercial operators. Theres a full length loft area for storage. It is heated by a gas overhead heater. The office features a spacious front reception and work area plus a large conference room. There is a toilet, sink, and shower in office. There is then an apartment with kitchenette, one bedroom and one bath. Barn #2: A 30 x 40 pole building with additional 20 x 40 lean to. There is tack room, 3 box stalls, and a dog run. The lean to is heated with overhead gas tube heating. There is a 1.25 acre stocked and pond with pavilion on the back of this tract. The pond is 17 ft. deep on one end. Fish for bass, bluegill, and catfish, or lounge on the sandy beach or under the pavilion. There is also a wildlife pond within the wooded area near the front of the home. There is a 20 x 48 implement run in shed and a 40 x 56 livestock or storage barn with open side and one 14 ft. sliding door. 2 other barns are on Tract 3. Will need to bid on combination with Tract 3 to keep together.
Tract 2: 7± ac elevated. tillable field or potential building site with pond! This tract has over 400 ft. of road frontage. It was just planted with new alfalfa. There is a small pond in the back of the tract. This tract offers a very scenic potential building site. Combine Tract 3, the two buildings, for a ready made mini-farm. Add tract 4 for additional acres or private
Tract 3: 0.7± ac swing tract, with the two remaining barns. The first barn is a 48 x 64 livestock barn with overhead hay loft storage. There is a heated office in this barn and 3 box stalls. Also room for livestock free stall or implement storage. There is a covered front porch in front of building. There are fenced livestock runs on the back of building. The second building on this tract is a 40 x 48 pole building for implement or livestock. There is a service door and a 12 ft. sliding door. Combine this tract with either Tract 1 or Tract 2. Cannot be purchased separately.
Tract 4: 4± ac swing tract meadow on the back side of the farm. It is bordered by a creek on one side and woods on the other. It is the perfect wildlife fool plot!! Watch deer nightly in this field. Also planted with new alfalfa for great hay cuttings!! This tract may only be purchased separately by an adjacent land owner or must be combined with either Tracts 1 or 2. Perimeter of the farm is completely fenced, approximately 13 total acres for pasture. Schools are Leo / Cedarville. Annual Taxes on whole farm: $4800
AREA MAP
TRACT MAP(S)
SOIL INFORMATION
PLAT MAP(S)
AREA MAP(S)
PROCEDURE: The property will be offered in 4 tracts as permitted by swing tract rules, and any combination of the four tracts, as permitted by swing tract rules. There will be open bidding on all tracts and the combination during the auction as determined by the Auctioneer. Bids on each tract and the combination may compete.
DOWN PAYMENT: 10% down payment on the day of auction with the balance in cash at closing. The down payment may be made in the form of cashiers 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. 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 balance of the purchase price is due at closing, which will take place within 30 days of presentation of insurable title. Costs for an insured closing shall be shared 50:50 between Buyer(s) and Seller.
POSSESSION: TRACT 1 - Possession
shall be given on the home on or before November 1, 2012. All other tracts shall be on day of closing, immediately following the closing. REAL ESTATE TAXES: The Real Estate taxes shall be pro-rated to the day of closing.
SURVEY: The Seller shall provide a new survey where there is no existing legal description or where new boundaries are created by tract divisions in this auction. Any need for a new survey shall be determined solely by the Seller. The Seller and successful bidder(s) shall each pay half (50:50) of the cost of the survey. The type of survey performed shall be at the Sellers option and sufficient for providing title insurance. Closing prices shall not be adjusted to reflect any difference between advertised and surveyed acres if a new survey is determined to be necessary.
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.
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