• Bidding Opens on Saturday, October 8th @ 8am - Bids Close Tuesday, October 18th @ 6pm
**UPDATED** TIMED ONLINE ONLY REAL ESTATE AUCTION - 19.16+/- ACRES OFFERED IN 2 TRACTS IN STEUBEN COUNTY, INDIANA
Steuben County, IN (Richmond Twp)
Owner: Kimbery Ehleiter Tue, Oct 18, 2022 EASTERNAUCTION IS OVER
TOTAL SOLD: $176,000
| Tract(s): 1+2 | @ $176,000 | ($9,185/acre) |
Bidding opens Saturday, October 8th at 8AM.
**NEW RESTRICTIVE COVENANT ADDED TO THE SALE TERMS**:
Both tracts will be conveyed subject to a new restrictive covenant which shall be included in the deed(s) in substantially the following form: "No part of the real estate hereby conveyed shall be used for keeping, raising, feeding or producing livestock or for any type of confined feeding of animals and/or commercial animal feeding operation, regardless of the number of animals; provided, however, this restriction does not prohibit keeping household pets or hobby animals for non-commercial purposes. This covenant shall run with the land and shall be binding on Grantee and Grantee's successors in interest with respect to all or any part of the real estate hereby conveyed. This covenant is for the benefit of and shall be enforceable by the current and future owner(s) of any part(s) of the Southwest Quarter of the Southwest Quarter of Section 5, Township 36 North, Range 15 East, in Steuben County, Indiana.
OPEN HOUSE/INSPECTION DATES
Wednesday, September 28 from 4:00PM to 6:00PM
PROPERTY LOCATION
1 mile south of Metz, IN on CR800 E to CR 300 S then East.
AUCTION LOCATION
Timed Online Only
PROPERTY DESCRIPTION
19.16+/- acres of rolling ground that is currently in hay. It has a fence row on the north side and a woods on the east side. Property will make a beautiful building site. This will be a great location for a walkout basement, with plenty of room for barns and your animals. With frontage on CR 800 E and CR 300 S.
TRACT DESCRIPTIONS
Tract 1: 9.2± ac (per preliminary survey, this tract measures 9.16+/- acres) all tillable, mostly level with frontage on CR 800 E and CR 300 S.
Tract 2: 10± ac all tillable more rolling with frontage on CR 300 S.
TRACT MAP(S)
UPDATED TRACT MAP
AREA MAP(S)
PROCEDURE: The property will be offered as a Timed Online Only Auction. Bid increments will be determined by the system throughout the auction. Any bids in the last minute of the countdown will extend the bidding by 2 minutes until the auction closes.
DOWN PAYMENT: 10% of the accepted bid as down payment on the day of the auction with balance in cash at closing. The down payment may be in the form of cash, cashier's 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 PRICE: The successful bidder will be required to enter into a Purchase Agreement via Electronic Signature immediately following the close of the auction. Contact the Auction Manager with any questions. The final bid price is subject to the Sellers acceptance or rejection.
DEED: Seller will provide a warranty deed.
EVIDENCE OF TITLE: Seller will provide title insurance in the amount of the purchase price.
NEW RESTRICTIVE COVENANT: Both tracts will be conveyed subject to a new restrictive covenant which shall be included in the deed(s) in substantially the following form: "No part of the real estate hereby conveyed shall be used for keeping, raising, feeding or producing livestock or for any type of confined feeding of animals and/or commercial animal feeding operation, regardless of the number of animals; provided, however, this restriction does not prohibit keeping household pets or hobby animals for non-commercial purposes. This covenant shall run with the land and shall be binding on Grantee and Grantee's successors in interest with respect to all or any part of the real estate hereby conveyed. This covenant is for the benefit of and shall be enforceable by the current and future owner(s) of any part(s) of the Southwest Quarter of the Southwest Quarter of Section 5, Township 36 North, Range 15 East, in Steuben County, Indiana.
CLOSING: The targeted closing date will be approximately 30 days after the auction
POSSESSION: At closing.
REAL ESTATE TAXES: The real estate taxes shall be pro-rate to the day of closing.
DITCH ASSESSMENTS: The Buyers shall pay any ditch taxes due if any after closing.
SURVEY: The survey costs shall be shared 50:50 between Buyer(s) and Seller. Seller shall not be responsible for any closing costs incurred by the Buyer(s) for financing.
EASEMENTS: The sale of the property is subject to any and all easements of record.
DISCLAIMER AND ABSENCE OF WARRANTIES: All information contained in this brochure and all related materials is 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. Each potential bidder is responsible for conducting his or her own independent inspections, investigations, inquires, 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. All sketches and dimensions in this brochure are approximate. Except for any express warranties set forth in the sale documents, purchaser(s) assumes all risks thereof and acknowledges that in consideration of the other provisions contained in the sale documents, Seller and the Auction Company make no warranty or representation, express or implied or arising by operation of law, including an warranty of merchantability or fitness for a particular purpose of the property, or any part thereof, and in no event shall Seller or the Auction Company be liable for any consequential damages. Conduct of the auction and increments of bidding are at the direction and discretion of the auctioneer. The Seller and Auction Company 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 auctioneer are final. ANNOUNCEMENTS MADE BY THE AUCTION COMPANY ON THE BIDDING PLATFORM DURING THE TIME OF THE SALE WILL TAKE PRECEDENCE OVER ANY PREVIOUSLY PRINTED MATERIAL, OR ANY OTHER ORAL STATEMENTS MADE.
