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39.7 Acres Offered in 3 Tracts

39.7 Acres Offered in 3 Tracts

North of Columbia City, Indiana

Owner: Mike & Jenna Ott Wed, Jun 22, 2011 EASTERN

AUCTION IS OVER

• 8 Acre Private Lake


OPEN HOUSE/INSPECTION DATES

Sat., June 4 from 10:30 am - 12pm
Tues., June 7 from 4:30 - 6pm

PROPERTY LOCATION

4 1/2 miles north of Columbia City on SR 109 to CR 500N, then west 11/4 miles to CR 125W, then north 1/2 mile. (5501 N 125 W)

AUCTION LOCATION

Eagle’s Nest Event Center. Located at State Road 205 East, Columbia City, in Eagle Glen Addition.

PROPERTY DESCRIPTION

CATTLE FARM IMPROVEMENTS:

  • Full farm perimeter high tensile fence.
  • Extra wire high tensile fence around barn lot.
  • Highway guardrail and heavy gates in immediate barnlot.
  • Geotextile matting and fine limestone in heavy traffic areas near barn.
  • New electric box & wiring in 52’x64’ barn.
  • Water line and (3) hydrants to rotational grazing lots north of the barn.


    HOME IMPROVEMENTS:
  • 9’ poured concrete basement w/ (2) egress window wells.
  • Final basement finishing in progress.
  • (2) new electric service boxes.
  • Central AC.
  • Upstairs remodeled down to studs with new drywall.
  • Native trim and staircase rails.
  • Several new replacement windows.
  • 24’x30’ finished, attached garage.
  • Large entrance and mud room from outside to basement.

    TRACT DESCRIPTIONS

    Tract 1: 22± ac 2 acres of tranquil, pastoral land overlooking the private 8 acre stocked lake. The lake is stocked with bass, bluegill, crappie, red ear, and catfish and includes a groomed camp type setting complete with pier and pondering bench. Visualize the home of your dreams on this private retreat.

    Tract 2: 3.5± ac 3.5 acre mini-farm waiting for you to: enjoy its peacefulness; raise your family in the country; and tend to some animals in your pasture and 52 ft. x64 ft. pole barn. The 1 1/2 story home has been progressively renovated and is setting on a new 9 ft. poured concrete basement foundation.

    Tract 3: 14± ac 14 acre Swing Tract. This current pasture tract would need to be purchased with Tract 1, Tract 2, or by an adjoining landowner.


    AREA MAP

    Satellite area map of the auction location near North of Columbia City, Indiana

    • TRACT MAP(S)

    Tract map - 39.7 Acres Offered in 3 Tracts

    AREA MAP(S)

    Area map - 39.7 Acres Offered in 3 Tracts

    PROCEDURE: The property will be offered in 3 individual tracts, any combination of tracts (subject to swing tract limitations) and as a total 39.7 acre unit. There will be open bidding on all tracts and combinations during the auction as determined by the Auctioneer. Bids on tracts, tract combinations and the total property may compete. 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 a Warranty Deed.

    CLOSING: The balance of the purchase price is due at closing, which will take place within 15 days of presentation of insurable title. Costs for an insured closing shall be shared 50:50 between Buyer(s) and Seller.

    POSSESSION: Possession shall be 30 days after closing.

    REAL ESTATE TAXES: Buyer will assume all taxes due May 2012 and thereafter. 2010 pay 2011 taxes are $822.76. ACREAGE: All tract acreages, dimensions, and proposed boundaries are approximate and have been estimated based on current legal descriptions and/or aerial photos.

    SURVEY: A new survey will be ordered only if needed for marketable title and the cost of the new survey will be split 50:50 between buyer and seller. AGENCY: Schrader Real Estate & 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 â€

    None at this time