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REAL ESTATE AUCTION - 3.5+/- ACRES & BRICK FARMHOUSE IN ALLEN COUNTY, INDIANA

4532 SR 101, Monroeville, IN 46773 - Allen County, Indiana

Owner: Phillip & Margaret Coonrod Wed, Sep 30, 6:00 PM

• 3.5+/- Acres • Brick Farmhouse • Rare Opportunity to purchase 3.5+/- Acres and Brick Farmhouse in Rural Monroeville at Public Auction!


OPEN HOUSE/INSPECTION DATES

Sunday, September 6th from 2-4pm
Monday, September 21st from 5-7pm

or call for a private showing!

PROPERTY LOCATION

4532 SR 101, Monroeville, IN 46773
Directions:
Property lies just North of E. Paulding Rd. on the West side of SR 101.

AUCTION LOCATION

Held On Site

PROPERTY DESCRIPTION

  • 2 story brick farmhouse
  • Built in 1901 (per Allen County Assessor)
  • Crawlspace foundation
  • 1,701 sq. Ft. (per Allen County Assessor)
  • 6 Rooms, 3 bedrooms, 1 full bathroom
  • Kitchen: 14 ft.x17 ft.
  • Living Room: 14 ft.x14 ft.
  • Bedroom 1 main floor: 11 ft.x13 ft.
  • Bedroom 2 upper: 14 ft.x15 ft.
  • Bedroom 3 upper: 14 ft.x18 ft.
  • Bedroom 4 upper: 13 ft.x14 ft.
  • Newer propane forced air furnace
  • Hardwood floors and natural woodwork
  • Large 3.5+/- acre partially wooded lot including approximately 2+/- acres of tillable land
  • Approximately 542 ft. of road frontage along SR 101 and 281 ft. deep
  • 16 ft.x32 ft. brick building
  • Metal Roof
  • Gravel circle driveway
  • Private well (pump approx. 2 years old), septic system & propane gas
  • Zoned A1 agriculture
  • 2019 pay 2020 taxes: $1155.04 (no exemptions on file)
  • East Allen County Schools: Heritage Elementary K-6 and Heritage Jr./Sr. High School 7-12
  • Excellent rural location just North of Highway 30, easy access to Monroeville, Woodburn, New Haven, and Fort Wayne
  • Home will need significant repairs and updates, excellent opportunity for the handyman. This property truly is a diamond in the rough and has great potential to be a one-of-a kind property.


    INTERACTIVE MAP

  • TRACT MAP(S)

    AREA MAP(S)

    PROCEDURE: The property will be offered at oral auction.

    DOWN PAYMENT: $2,500 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. The sale will be a cash transaction due to the condition of the improvements. No conventional, FHA, VA, or other lender financing will be accepted.

    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. Preliminary title work has been ordered through Metropolitan Title and is available upon request.

    DEED: Seller shall provide a Warranty Deed.

    CLOSING: The balance of the purchase price is due at closing. The closing shall take place on or before October 30, 2020. Costs for an insured closing shall be shared 50:50 between Buyer(s) and Seller.

    POSSESSION: Possession given the day of closing, immediately following the closing.

    REAL ESTATE TAXES: Real Estate Taxes will be pro-rated to the day of closing.

    SURVEY: A new perimeter survey will be completed only if necessary for closing. The seller and successful bidder 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.

    AGENCY: Schrader Real Estate & Auction Co. of Fort Wayne, LLC., 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 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.

    Auction Brochure

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