• 116+/- Acres Offered in 5 Tracts or Combinations • FARM AUCTION • Farm Homestead • Farm Land • Wooded Acres • Hunting & Recreation Land • PLAN ON ATTENDING THE PERSONAL PROPERTY AUCTION ON SATURDAY, OCTOBER 26TH, 10:00AM AT THE FARM! • TRACTORS, COMBINE, IMPLEMENTS, ANTIQUE & COLLECTOR CARS & PARTS, SHOP TOOLS & EQUIPMENT
116+/- Acres Offered in 5 Tracts or Combinations FARM AUCTION
DeKalb County, Indiana, Concord Township
Owner: Jim and Karen Chandler, the Former Jim Armstrong Mon, Oct 28, 2013 EASTERNAUCTION IS OVER
TOTAL SOLD: $460,000
| Tract(s): 1 | @ $50,000 | ($5,208/acre) |
| Tract(s): 2+3 | @ $155,000 | ($5,150/acre) |
| Tract(s): 4+5 | @ $255,000 | ($3,303/acre) |
OPEN HOUSE/INSPECTION DATES
Monday, October 14 from 5-7PM
Wednesday, October 23 from 5-7PM
Walk over Inspections Between 10AM-3PM
WEAR ORANGE!
PROPERTY LOCATION
5973 County Road 52; Dekalb County
Concord Township, at the North West corner of County Roads 52 and 59. Located just 1.5 miles due north of St. Joe, Indiana, and 1 mile south of Hwy. 8
AUCTION LOCATION
THE ST. JOE CONSERVATION CLUB: 5871 County Road 60, St. Joe, Indiana
TRACT DESCRIPTIONS
Tract 1:
9.6± ac
2 STORY FARM HOME, BARN, BUILDINGS AND 9.6+/- ACRES. This tract is an old homestead and includes a spacious 2 story home with tons of potential, large barn and machine building. The home features gorgeous oak trim throughout plus an enormous oak pocket door dividing the interior rooms. There are five bedrooms upstairs, and 2 full baths on the main level. There is a large country kitchen and very spacious living and dining rooms. There is an enclosed porch off of the back and a covered porch on the front. The home has roof and some foundation damage. The barns include a 54 x 90 machine barn and a 54 x 90 farm barn with lots of storage area. There are a couple of misc. buildings in dis-repair. There is over 500 feet of road frontage along CR 59 and approximately 800 feet of road frontage along CR 52.
Tract 2:
10.3± ac
POTENTIAL BUILDING SITE! This tract offers an elevated scenic potential building site off of CR 59. There is approximately 800 feet of road frontage. The view overlooks the valley and woods behind the farm.
Tract 3:
19.8± ac
POTENTIAL BUILDING SITE, HUNTING AND RECREATION SITE, FARM OR PASTURE LAND! This tract has over 700 feet of road frontage along CR 52 and is bordered on the west by the Norfolk and Southern Railroad. This tract is rolling with elevated potential building sites. There are some slight woods in the back which offers great deer and turkey hunting. COMBINE TRACTS 1, 2 AND 3 FOR A COMPLETE 40 ACRE MINI FARM!!
Tract 4:
36.5± ac
OF FARMLAND AND SOME WOODS. This tract has approximately 1000 feet of road frontage along CR 52 and is bordered on the east by the Norfolk and Southern Railroad. This tract offers productive soils and potential elevated building sites. It overlooks the woods and lowlands to the back of the property. This is a great hunting and recreation tract also.
Tract 5:
40.7± ac
SWING TRACT, 40.7 ACRES+/-. This tract can be purchased only in combination with tract 4 or by an adjacent land owner. This tract is a mixture of high elevated ground to the east, and rolls down to the hardwoods and some low areas. It is partially bordered by the Norfolk and Southern Railroad on the east. Lots of deer and turkey hunting on this tract!!
AUCTIONEERS NOTE: This farm is a combination of lots of potential uses from Home Sites to Hunting and Recreation, to Productive Farm Land. This is the proverbial diamond in the rough! Located just a couple of minutes from SDI plant and easy to travel Highway 1 towards Leo-Grabill and Fort Wayne and only 15 minutes from Auburn! Bid on the tract or the permitted combinations at this auction with tracts ranging from 10 acres to the entire 116.
AREA MAP
TRACT MAP(S)
AREA MAP(S)
PROCEDURE: The property will be offered in 5 tracts as permitted by swing tract rules, and any combination of the five 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.
DEKALB COUNTY PLAN COMMISSION REVIEW: Each of the tract divisions are being offered as non-reviewed sell-offs by the Dekalb County Plan Commission. It shall be the Buyer(s) responsibility to complete all necessary Dekalb County Plan Commission and Board of Health steps in attaining Building and Septic permits.
POSSESSION: Possession shall be given on Tract 1 on the day of closing, immediately following the closing. Possession on all other tracts on day of closing, except immediate possession may be given with an additional $10,000 down on day of sale. 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 the 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 be adjusted to reflect any difference between advertised and surveyed acres if a new survey is determined to be necessary, except on Tract 1 and any combination with Tract 1.
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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