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LIVE ONSITE REAL ESTATE AUCTION - 11.8+/- ACRES - NOBLE COUNTY, IN

LaOtto, IN - Noble County, IN

Owner: Beverly Hensley, Jeffrey King P.O.A Thu, Aug 18, 6:00 PM EASTERN

• 2 Story Home • Over 3,600 square feet • Multiple outbuildings including riding arena & 2 horse buildings w/ 7 total stalls • 11.8+/- acres including over 3+/- acres of woods • Stocked pond • Over 3,000 linear feet of vinyl fencing

ATTENTION HORSE & EQUINE ENTHUSIASTS!!


OPEN HOUSE/INSPECTION DATES

RE & PP OPEN HOUSE: Sunday, July 24 - 1 - 4PM or by appointment only on the Real Estate

PROPERTY LOCATION

3762 S 600 E, LaOtto, IN 46763
(Property lies 5.5 miles straight North of Churubusco and 7.5 miles straight West of LaOtto on 600 E).

PROPERTY DESCRIPTION

  • 11.8+/-acres w/ over 3+/- acres of woods, stocked pond, beautiful rolling site
  • 22ftx56ft & 18ftx36ft horse barns w/ 7 total horse stalls, concrete floors, electrical, metal roof & siding, tack room heated, water
  • 40ftx56ft pole barn with concrete floor, electrical, metal roof & siding
  • 32ftx48ft workshop with concrete floor, electrical, heat, water, metal roof & siding
  • 70ftx100ft horse riding arena with dirt floor, electrical, metal roof & siding
  • 14ftx28ft cabana w/ brick & wood exterior, kitchenette, water
  • 3 fenced in areas for horses/animals w/ over 3,000 linear feet of vinyl split rail fencing
  • 2 story home on a partial basement w/ newer sump pump
  • Over 3,600 square feet of living space
  • 3 bedrooms, 3 full bathrooms, 1 half bathroom
  • 29ftx34ft Large family/great room with floor to ceiling stone fireplace, knotty pine walls & ceilings, cathedral ceiling, & built-ins
  • Formal dining room: 12ftx17ft
  • Kitchen: 13ftx26ft with custom knotty pine cabinets
  • Breakfast Nook: 13ftx15ft
  • Extra room: 17ftx20ft
  • Bedroom 1: 14ftx17ft
  • Bedroom 2: 10ftx17ft & 7ftx11ft w/ access door to balcony
  • Bedroom 3 master bedroom: 11ftx20ft w/ master bathroom with many cabinets & built-ins
  • Some hardwood floors & custom woodwork
  • 2 closed loop geothermal units for upstairs & downstairs, central air
  • 200 amp main electrical panel & whole property Generac 2000 Series diesel generator
  • Vinyl siding & newer metal roof
  • Covered front porch
  • Large rear deck with hot tub
  • 2 car attached garage with asphalt driveway
  • Newer well pump
  • Septic system w/ finger system
  • 2021 pay 2022 annual taxes: $5,310.68 w/ exemptions
  • Smith-Green Community Schools Churubusco Elementary, Junior, & Senior High
  • Great rural location with easy access to Churubusco, LaOtto, Avilla, Kendallville, Huntertown, & Fort Wayne


    AREA MAP

  • 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 at the close of the 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 a cashier 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 the closing.

    ACCEPTANCE OF BID PRICES: Successful bidder 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 Warranty Deed.

    CLOSING: The balance of the purchase price is due in cash 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 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.

    LOT SIZE: All dimensions, and proposed boundaries are approximate and have been estimated based on current legal descriptions, county records, and/or aerial photos.

    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 Sellerfts option and sufficient for providing title insurance.

    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 personfts 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.