SOLD

REAL ESTATE AUCTION - 56.7+/- ACRES OFFERED IN 3 TRACTS IN STEUBEN COUNTY

Steuben County, Indiana, 12 Miles Northeast of Angola, York Twp.

Owner: Joe Pranger Tue, Oct 13, 2015 EASTERN

AUCTION IS OVER

TOTAL SOLD: $214,000

Tract(s): 1 @ $18,000 ($4,500/acre)
Tract(s): 2 @ $132,000 ($3,259/acre)
Tract(s): 3 @ $64,000 ($4,848/acre)

• 56.7 Acres offered in 3 Tracts • Excellent Turkey & Deer Hunting


OPEN HOUSE/INSPECTION DATES

October 6 from 4-6pm
Meet a Schrader agent at Tract 1
For private inspection contact Roger Diehm (260) 318-2770 (cell)

AUCTION LOCATION

The American Legion Post 31, 1730 Maumee, Angola, IN

TRACT DESCRIPTIONS

Tract 1: 4± ac Potential building site with two existing buildings and shed. The cement block building is 26 ft. x 32 ft. x 8 ft. eve. The pole barn is 26 ft. x 30 ft. x 10.5 ft. eve. A new 4 in. well was drilled approximately 5 years ago. This tract has approx. 365 ft. of frontage on Old Hwy. 1 and approx. 470 ft. of frontage on CR 300 N. There is no septic on this tract.

Tract 2: 40.5± ac of bare land with approx. 815 ft. of road frontage on Old Hwy. 1 and approx. 915 ft. of frontage on CR 300 N. A legal open drain nearly divides this tract with 1/2 diagonally from the southwest to the northeast.

Tract 3: 13.2± ac of native hardwoods. Great for outdoor recreation, deer and turkey hunting, as well as future timber potential.


AREA MAP

TRACT MAP(S)

SOIL INFORMATION

AREA MAP(S)

PROCEDURE: The Property will be offered in 3 individual tracts, any combination of tracts and as a total unit as the dates and times as noted in this brochure. There will be open bidding on all tracts and combinations during the auction as determined by the Auctioneers. Bids on tracts, tract combinations, and the total property 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 cash, 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 a Purchase Agreement at the auction site immediately following the close of the auction. All final bid prices are subject to the Sellers acceptance or rejection.

PLANNING APPROVAL: All tract divisions are subject to approval by the Steuben County Plan Commission.

DEED: Seller shall provide a Special Warranty Deed.

EVIDENCE OF TITLE: Seller shall provide an owners title insurance policy in the amount of the purchase price.

REAL ESTATE TAXES: Seller shall pay 2015 Taxes due and payable in 2016.

CLOSING: Closing shall take place 15 days after presentation of insurable title.

POSSESSION: At closing. Immediate possession available for hunting.

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.

AGENCY: Schrader Real Estate and Auction and their representatives are the Auctioneers and exclusive agents of the Seller regarding the sale of the Property.

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. ANNOUNCEMENTS MADE BY THE AUCTIONEER AT THE AUCTION PODIUM DURING THE TIME OF THE SALE WILL TAKE PRECEDENCE OVER ANY PREVIOUSLY PRINTED MATERIAL OR ANY OTHER ORAL STATEMENTS MADE. The property is sold AS IS, WHERE IS. No warranty or representation, either express or implied, or arising by operation of law concerning the Property is made by the Seller or Auctioneers, and are hereby expressly disclaimed. In no event shall Seller or the Auctioneers be liable for any consequential damages. The information contained in this brochure is believed to be accurate but subject to verification by all parties relying on it. Seller and the Auctioneers assume no liability for its accuracy, errors or omissions. All sketches and dimensions in this brochure are approximate. Conduct of the auction and increments of bidding are at the direction and discretion of the Auctioneers. Seller and the Auctioneers reverse the right to preclude any person from bidding if there is any question, in the sole judgment of Seller or the Auctioneers, as to such persons creditworthiness, ability or willingness to close on the purchase of the Property, credentials, fitness, etc. All decisions of the Auctioneers are final.

NEW DATA, CORRECTIONS AND CHANGES: Please arrive prior to scheduled auction time to inspect any changes, corrections, or additions to the Property information.

STOCK PHOTOGRAPHY: Some photos are for illustrative purposes only and are not of the auction property.

Auction Brochure

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