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SOLD

*** AUCTION RESCHEDULED *** SIMULCAST PHONE BID & ONLINE FARMLAND AUCTION - 62.5+/- ACRES OFFERED IN 4 TRACTS IN ALLEN COUNTY, INDIANA

Grabill, Indiana - Allen County, Indiana - Milan Township

Owner: Michael and Amanda Eicher Trust Mon, Apr 20, 2020

SOLD FOR $1,680,000

*** AUCTION RESCHEDULED *** SIMULCAST PHONE BID & ONLINE AUCTION • 62.5+/- Acres offered in 4 Tracts or in Combinations! • Complete 5 Acre Farm with Buildings • Productive Tillable Soils • 11 Acres of Woods • Over 2000 Feet of Road Frontage • Bid on this Farm in anyway to suit your needs! • ONLINE BIDDING AVAILABLE You may bid online during the auction at www.schraderauction.com. You must be registered One Week in Advance of the Auction to bid online. For online bidding information, call Schrader Auction Company at 800-451-2709.

UPDATED AUCTION FORMAT
This has been changed to an ONLINE ONLY / VIRTUAL PHONE BID AUCTION. The auction event will take place as scheduled. Please register in advance for real-time online bidding or to be represented through interactive phone bidding.
ONLINE BIDDING - Download the Online Registration form from the download tab above. Complete required information and return to the auction company OR contact the AUCTION MANAGER to help in registration. Bids will be placed by you through the live interactive SCHRADER online bidding platform in real-time during the auction.
PHONE BIDDING - Call the AUCTION MANAGER today to get registered for this event. A SCHRADER representative will work with you throughout the live auction event to place your bid(s) competitively as the auction progresses.

To watch auction online only go to Our Schrader YouTube Channel. This link will be open 30 minutes prior to the auction
NO PREVIEW DATES!


Auction Info Book


OPEN HOUSE/INSPECTION DATES

NO PREVIEW DATES!

PROPERTY LOCATION

14510 Notestine Rd., Grabill, IN.
Located just 1 mile west off of State Road 37, just across from Dutch Made Cabinets.

TRACT DESCRIPTIONS

Tract 1: 5± ac HOME, BARNS & 5 ACRES This tract has approximately 300+ feet of road frontage. The home is an early 1900s two story with approximately 2580 square feet of living space. It has 3 bedrooms, one large living room and 1 full bath. There is a metal roof on the home. The home is heated by propane forced air furnace. The home is on a partial basement. There is also an enclosed porch and small wood deck. There is a 40 ft. x 48 ft. bank barn, a 32 ft. x 60 ft. pole building, and an open 30 ft. x 60 ft. pole building machinery shed. There is also a 20 ft. x 70 ft. poultry house.

Tract 2: 16± ac This tract has approximately 330 feet of road frontage and wraps behind Tract 1. There is a small open ditch along the east property line. The terrain is mostly level. The soils are a mixture of Blount loam, Haskins loam and Rawsom loam and Pewamo silt.
COMBINE TRACTS 1 AND 2 FOR A 21 ACRES MINI FARM!!

Tract 3: 21± ac This tract has over 650 feet of road frontage. The soils are a mixture of Blount loam with some Glynwood silt loam and Pewamo silty clay. This is a level tract with good productive soils. Can be combined with any of the other 3 tracts for a great additional 21 acres.

Tract 4: 20.5± ac WITH WOODS. This tract has over 600 feet of road frontage. There is approximately 11 acres of woods to the back. There are some maturing hardwoods. The soils are some Pewamo in the middle with a mix of Glynwood silt loam and mostly Blount loam in the woods. 4 in. well on NW corner of tract.

THE TILLABLE GROUND HAS BEEN FARMED AS CERTIFIED ORGANIC FOR LAST 6 YEARS. IT WILL BE UP TO THE BUYER TO GET GROUND CERTIFIED AS ORGANIC AGAIN THIS YEAR AND FUTURE YEARS.

TRACT MAP(S)

SOIL INFORMATION

AREA MAP(S)

PROCEDURE: Tracts 1- 4 will be offered in individual tracts, & in any combination of these tracts, or as a total unit. There will be open bidding on all tracts & combinations as determined by the auctioneer. The property will be bid in the manner resulting in the highest total sale price.

DOWN PAYMENT: A 10% cash down payment is due at the close of auction. A cashiers check or a personal or corporate check immediately negotiable is satisfactory for the down payment. The balance of the purchase price is due in cash at closing. For immediate possession of the land, an additional 10% will be required at the close of the auction.

ACCEPTANCE OF BID PRICES: The Successful Bidder will be required to enter into a purchase agreement 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 Trustees Deed.

CLOSING: The targeted closing date will be approximately 30 days after the auction, on or before April 24 (or as soon as possible thereafter upon completion of the Final Title Commitment and Sellers closing documents). The closing agents fee for an administered closing will be shared equally (50:50) between Buyer and Seller. Buyer will pay any closing charges due to Buyer securing a mortgage.

POSSESSION: Possession of all tracts shall be delivered at closing, except the home shall be on or before June 1st, 2020.

REAL ESTATE TAXES: Real estate taxes shall be prorated to the date of closing.

Buyer will assume and pay all assessments, including drainage assessments, if any, that are last payable without a penalty after the date of closing.

BUILDING SITES: For purposes of building sites, Tracts 2, 3, and 4 are being offered as a non-reviewed sell-offs by the Allen County Plan Commission. It will be the Buyers responsibility to apply for any Building permitting required by the Allen County Plan Commission, Allen County Building and Health Departments.

ACREAGE: All acreage, dimensions and proposed boundaries are approximate and have been estimated based on current legal descriptions and/or aerial photos.

SURVEY: A new perimeter survey shall be prepared only if necessary to complete Title Commitment. Seller and successful bidder shall each pay half (50:50) of the cost of any survey. The type of survey performed shall be at the Sellers option and sufficient for providing title insurance.

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.