• 800 Feet of Road Frontage • Productive Cropland • Potential Commercial and Residential Development
74 Acres Offered in 2 Tracts with Potential Commercial and Residential Development
Northeast Allen Co. - Northwest of Harlan, IN
Owner: Joseph & Christopher Fogle Tue, Nov 8, 2011 EASTERNAUCTION IS OVER
OPEN HOUSE/INSPECTION DATES
Call Auction Manager if you wish to walk over property
Dennis Bennett
433-2159
PROPERTY LOCATION
Continue into Harlan on St. Hwy. 37 to Spencerville Road, turn left to first intersection, turn left approximately 2 blocks and veer to the right on Trammel Road. You will see auction and tract signs.
AUCTION LOCATION
Harlan United Methodist Church Community Fellowship Hall
From Fort Wayne travel approximately 7 miles northeast on St. Hwy. 37 to the Village of Harlan, IN. After passing the Harlan Gardens subdivision, the Harlan United Methodist Church will be on your right.
PROPERTY DESCRIPTION
A total of 800 ft. of prime road frontage along Trammel Rd. 600 ft. Tract #1, 200 ft. Tract #2.
Land is a sound and secure investment.
TRACT DESCRIPTIONS
Tract 1: 10± ac Has approximately 600 ft. of frontage on Trammel Road. This tract lies near the northwest edge of the Village of Harlan, IN, and lends itself well for commercial or residential development. An apartment complex is directly across the road to the south. Light industrial entities such as pallet manufacturing and cabinet shops are close by, as well as a storage facility. A 10 in. city water main runs along the south edge of Trammel Road and city sewer is close by at the junction of Trammel and Antwerp Roads. It then follows Antwerp Road west. The soil types are Blount and Pewamo, approximately 55% Blount and 45% Pewamo. This tract is currently zoned agricultural. The buyers would need to apply to county planning for either a use variance or change in zoning if not used for agricultural purposes.
Tract 2: 64± ac Productive agricultural land nearly all tillable. Approximately 80% Blount with a small percentage of Morley, Pewamo and Washtenaw silt loam soils. This tract has a 200 ft. wide access from Trammel Rd. The waterways on Tract 2 were under CRP contract that expire in 2011 with the exception of the NE waterway. It is under contract through 2013.
AREA MAP
TRACT MAP(S)
SOIL INFORMATION
PLAT MAP(S)
AREA MAP(S)
PROCEDURE: This property will be offered as 2 tracts or a whole 74+/- acre property.
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.
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.
CLOSING: The balance of the purchase price is due at closing, which shall take place within 15 days of insurable title. Closing costs for an administered closing shall be shared 50:50 between Buyer(s) and Sellers.
EVIDENCE OF TITLE: Seller shall provide an owners title insurance policy in the amount of the purchase price.
DEED: Seller shall provide appropriate Deed(s).
POSSESSION: Possession shall be at closing, subject to tenants rights for the 2011 crops.
REAL ESTATE TAXES: Buyer shall assume the 2012 real estate taxes due in 2013. Buyer shall assume any Ditch Assessments due in 2012 and thereafter. Real estate taxes for bare cropland varies in value in Allen Co. based on assessed value, soil type factor, and the tax rate. Using this formula, the taxes would be approximately 20.71 per acre +/-.
ACREAGE: All tract acreages, dimensions and proposed boundaries are approximate and have been estimated based on aerial photos and the current legal description.
EASEMENTS: Sale of the property is subject to any and all easements of record.
MINERAL RIGHTS: The sale shall include 100% of the mineral rights owned by the Seller, if any.
SURVEY: All survey costs will be split 50/50 between the buyer and seller.
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 Sellers or the Auction Company. All sketches and dimensions in the brochure are approximate. Each potential bidder is responsible for conduction 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 Sellers or the Auction Company. Conduct of the auction and increments of bidding are at the direction and discretion of the Auctioneer. The Sellers 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. ANNOUNCEMENTS MADE BY THE AUCTION COMPANY AT THE AUCTION PODIUM DURING THE TIME OF THE SALE WILL TAKE PRECEDENCE OVER ANY PREVIOUSLY PRINTED MATERIAL, OR ANY OTHER ORAL STATEMENTS MADE.
STOCK PHOTOGRAPHY: Brochure contains some photography for illustrative purposes.
None at this time
