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SOLD

REAL ESTATE AUCTION - 24.8 WOOD ACRES OFFERED IN 1 TRACT IN ALLEN COUNTY, INDIANA

Owner: Ronald Lamle Estate, Shannon Conners Personal Representative Tue, Nov 23, 2021

AUCTION IS OVER

TOTAL SOLD: $310,000

Tract(s): 1 @ $310,000 ($12,500/acre)

Online Bidding is available for this auction. Click on the link(s) below to view more photos, catalog and to bid online.
** Click here for online Ring 1 **

• Good mixture of young and mature timber • Excellent hunting and recreational use • Great investment with future development potential • Road frontage and access along Felger Rd.


PROPERTY LOCATION

On Felger Rd straight South less then a half mile of the personal property location

AUCTION LOCATION

Ideal Fish and Game Club 3450 US-33 N, Churubusco, IN 46723

PROPERTY DESCRIPTION

Good mixture of young and mature timber. Excellent hunting and recreational use. Great investment with future development potential. Road frontage and access along Felger Rd.

TRACT DESCRIPTIONS

Tract 1: 24.8± ac Good mixture of young and mature timber. Excellent hunting and recreational use. Great investment with future development potential. Road frontage and access along Felger Rd.

TRACT MAP(S)

AREA MAP(S)

PROCEDURE: This property will be offered at oral auction in 1 tract. There will be open bidding 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 with the balance in cash at closing. The down payment will be made the day of auction, immediately following the auction, with the balance in cash at closing. The down payment may be made in the form of cashier's check, per-sonal 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 a purchase agreement at the auction site immediately following the close of the auction. All final bid prices are subject to the seller's rejection or acceptance.

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

DEED: Seller shall provide a Personal Representative's Deed.

CLOSING: The balance of the purchase price is due at closing. A targeted closing date will be ap-proximately 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 and Seller. Any costs associated with securing a mortgage shall be paid by the buyer(s).

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.

PROPERTY INSPECTION: Each potential Bidder is responsible for conducting, at their own risk, their own independent inspections, investigations, inquiries and due diligence concerning the prop-erty. Walk-over inspections permitted anytime during the marketing period. Further, Seller disclaims any and all responsibility for bidder's 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 if required for an insured closing. 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 sur-vey performed shall be at the Sellers option and sufficient for providing title insurance. Final sales price shall be adjusted to reflect any difference between advertised acres and surveyed acres.

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 con-cerning the property. The information contained in this brochure is subject to verification by all par-ties 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 discre-tion 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 person's credentials, fitness, etc. All decisions of the Auc-tioneer are final. ANY ANNOUNCEMENTS MADE THE DAY OF THE SALE TAKE PRECEDENCE OVER PRINTED MATERIAL ORANY OTHER ORAL STATEMENTS MADE.