• 63.5+/- Acres offered in 4 Tracts • Building Sites • Tillable Land • Wooded Land • 2021 Farming Rights • Sewer Available • 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.
REAL ESTATE AUCTION - 63.5+/- ACRES OFFERED IN 4 TRACTS IN WHITLEY COUNTY, INDIANA
Whitley County, Indiana - Jefferson Township
Owner: Edward A. Leeuw Revocable Trust Tue, Apr 27, 2021 EASTERNAUCTION IS OVER
TOTAL SOLD: $635,000
| Tract(s): 1 | @ $175,000 | ($8,750/acre) |
| Tract(s): 2 | @ $360,000 | ($9,230/acre) |
| Tract(s): 3+4 | @ $100,000 |
OPEN HOUSE/INSPECTION DATES
Thursday, April 15 from 4-6pm
Saturday, April 17 from 9-11am
Sunday, April 25 from 1-3pm
PROPERTY LOCATION
From Columbia City: Travel south on St. Rd. 9 approx. 5.5 miles to St. Rd. 14, then (left) east approx. 6 miles to Co. Rd. 700E, then (right) south approx. 1.5 mile to property.
OR from Ft. Wayne: Travel west on St. Rd. 14 approx. 7 mile to Co. Rd. 700E, then (left) south approx. 1.5 mile to auction.
AUCTION LOCATION
Saturn Christian Church, 6731 E 800 S, Columbia City, IN 46725
PROPERTY DESCRIPTION
Buildings to be Removed, Located on Adjoining Property.
Call Auction Managers for details.
Building 1: 40 ft.x64 ft.x14 ft. pole barn built in 2015, 40 ft.x40 ft. insulated shop part w/steel liner and ceiling. 20 ft.x24 ft. storage area w/OSB on east wall, 14 ft. inside OHD, 12 ft.x12 ft. OHD on west end, (2) 12 ft.x12 ft. OHD on east end. Electrical included, siding is screw on (excellent opportunity).
Building 2: 45 ft.x72 ft.x12 ft. Morton pole barn, center raised trusses, 17.5 ft.x13 ft. east end door, (2) 17 ft.x11 ft. sliding doors on south side, 4 ft.x8 ft. sliding door on north side, 1 entry door. Call for details.
TRACT DESCRIPTIONS
Tract 1: 20± ac which includes 9.5+/- acres wooded land, 11.5+/- acres of tillable land. Frontage on 700E. Excellent tract of land with diversity. Hard to find large possible building tract.
Tract 2: 39± ac all tillable, very productive level farmland. Soils predominate, Pewamo and Blount. 2021 farming rights.
Tract 3: 2.5± ac possible building site, sewer available on 800S. Frontage on 800S. Great location.
Tract 4:
2± ac
possible building site. Sewer available on 800S. Combine with Tract 3 for large 4.5 acre building site or just purchase by itself for country living at its finest.
If Tract 3 and/or Tract 4 sell apart from Tract 2, they will be subject to final plat approval.
TRACT MAP(S)
AREA MAP(S)
PROCEDURE: The property will be offered in 4 individual tracts, any combination of tracts and as a total unit. There will be open bidding on all tracts and combinations during the auction as determined by the Auctioneer. Bids on tracts, tract combinations and the total property may compete.
DOWN PAYMENT: 10% down payment on the day of auction for individual tracts or combinations of tracts. 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, and are capable of paying cash at closing.
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.
EVIDENCE OF TITLE: Seller shall provide an owners title insurance policy in the amount of the purchase price.
DEED: Seller shall provide Warranty Deed(s).
CLOSING: The balance of the purchase price is due at closing, which will take place on or before 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) and Seller. If Tract 3 and/or Tract 4 sell apart from Tract 2, they will be subject to final plat approval, closing may be approximately 90 days.
POSSESSION: Possession at closing or for tillable land immediate with additional 10% down payment and liability coverage.
REAL ESTATE TAXES: Real estate taxes will be the responsibility of the Buyer(s) beginning with the installment due in the Spring 2022.
PROPERTY INSPECTION: Each potential Bidder is responsible for conducting, at their own risk, their own independent inspections, investigations, inquiries and due diligence concerning the property. Inspection dates have been scheduled and will be staffed with auction personnel. Further, Seller disclaims any and 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, 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. The type of survey performed shall be at the Sellers option and sufficient for providing title insurance. Combination purchases will receive a perimeter survey only.
AGENCY: Schrader Real Estate & 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 Seller or the Auction Company. All sketches and dimensions in the brochure are approximate. Each potential bidder is responsible for conducting 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 the Seller or the Auction Company. Conduct of the auction and increments of bidding are at the direction and 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.
