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REAL ESTATE AUCTION - 64+/- ACRES OFFERED IN 5 TRACTS OR COMBINATIONS IN ALLEN COUNTY, INDIANA

Harlan, Indiana - Allen County

Owner: Ronnie Snyder Estate, Linda Gorrell Personal Representative, Perry Law Office Attorneys for the Estate Thu, May 6, 6:00 PM

• 64+/- Acres offered in 5 Tracts or Combinations • Productive Tillable Land • Potential Building Sites • Excellent Road Frontage • 2-Story Home


OPEN HOUSE/INSPECTION DATES

Sunday, April 11 & 25 from 2-4pm

PROPERTY LOCATION

17828 Allen Rd, Harlan, IN 46743 (Personal Property Auction is located at 18008 Allen Rd, Harlan, IN 46743)
Directions:
Take Hwy 37 Northeast of Harlan approximately 6 miles, Tracts 1 & 2 are located on Hwy 37 & Campbell Rd. Tracts 3-5 are located directly South of Tracts 1 & 2 at the corner of Campbell Rd & Allen Rd.
Tracts 1 & 2 are located in Scipio Township - Section 5 w/ frontage on Hwy 37 & Campbell Rd. The 2020 taxes paid in 2021 total $584.80.

Tracts 3-5 are located in Scipio Township - Section 8 on the corner of Campbell & Allen Rd. The 2020 taxes paid in 2021 total $2,708.76.

AUCTION LOCATION

Christian Community Center of Harlan, 12616 Spencerville Rd, Harlan, IN 46743

TRACT DESCRIPTIONS

Tract 1: 16.5± ac w/ mostly loam soils. Tract has good road frontage & access along Hwy 37.

Tract 2: 16.5± ac w/ mostly loam soils. Tract has good road frontage & access along Campbell Rd.

Tract 3: 2.2± ac w/ a 2-story home on the corner on Campbell & Allen Rd. The home features approx. 1,680 sq. ft. on a partial basement built in 1900. The home has gas forced air heat & central air. There are 3 bedrooms & 1 full bathroom. Nice, updated kitchen w/ plenty of cabinet & storage space. The home is on a private well & septic system w/ propane gas (tank is rented). The exterior of the home has vinyl siding, asphalt shingle roof, covered porch & a deck.

Tract 4: 5± ac potential building site that is tillable w/ mostly loam soils. Tract has good road frontage along Campbell Rd w/ a natural drain along the East side of the Tract. Combine w/ Tract 3 for a great 7+/- acre homesite & 2-story home!

Tract 5: 23.5± ac w/ mostly loam soils. Tract has good road frontage along Campbell & Allen Rd. There is a natural drain running through the middle & South side of the tract.

TRACT MAP(S)

PROCEDURE: This property will be offered at oral auction in 5 individual tracts, any combination of tracts, or as a total unit. There will be open bidding on individual tracts & the combination of tracts during the auction, until the close of the auction as determined by the auctioneer.

DOWN PAYMENT: A 10% down payment is due the day of auction for individual tracts or combination of tracts. The down payment will be made the day of auction, immediately following the auction, w/ 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, & 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 rejection or acceptance.

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

DEED: Seller shall provide a Personal Representatives Deed(s).

CLOSING: The balance of the purchase price is due at closing. A targeted closing date will be approximately 30 days after the auction, or as soon thereafter as applicable closing documents are completed by the seller. Costs for an administered closing shall be shared 50:50 between Buyer(s) & Seller. Any costs associated w/ securing a mortgage shall be paid by the buyer(s).

POSSESSION: Possession is subject to the tenant farmers rights to the 2021 crop harvest. The seller shall retain their share of the 2021 crop & credit the new buyer(s) $100 per acre at the time of closing. Possession of tract 3 w/ the improvements shall be given at closing, immediately following the closing.

REAL ESTATE TAXES: The 2020 due & payable 2021 real estate taxes shall be paid by the seller. The 2021 due & payable 2022 real estate taxes shall be prorated to the date of closing.

PROPERTY INSPECTION: Each potential Bidder is responsible for conducting, at their own risk, their own independent inspections, investigations, inquiries & due diligence concerning the property. Inspection dates have been scheduled & will be staffed w/ auction personnel. Further, Seller disclaims any & all responsibility for Bidders safety during any physical inspection of the property. No party shall be deemed an invitee of the property by virtue of the offering of the property for sale.

ACREAGE: All tract acreages, dimensions, & proposed boundaries are approximate & 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 & 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 & sufficient for providing title insurance. Final sales price shall be adjusted to reflect any difference between advertised acres & surveyed acres, except w/ respect to Tract 3.

AGENCY: Schrader Real Estate & Auction Company, Inc. & its representatives are exclusive agents of the Seller.

DISCLAIMER & ABSENCE OF WARRANTIES: All info contained in this brochure & all related materials are subject to the terms & conditions outlined in the Purchase Agreement. The property is being sold on an AS IS, WHERE IS basis, & no warranty or representation, either expressed or implied, concerning the property is made by the Seller or the Auction Company. All sketches & dimensions in the brochure are approximate. Each potential bidder is responsible for conducting his or her own independent inspections, investigations, inquiries, & due diligence concerning the property. The info 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 the Seller or the Auction Company. Conduct of the auction & increments of bidding are at the direction & discretion of the Auctioneer. The Seller & 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.