8350 S 850 W, South Whitley, IN 46787 - Whitley County, IN

Owner: Elmer J. Jr & Delila Mae Graber Sat, Jul 27, 10:00 AM EASTERN

• Productive, Tillable Land • Country Home and Outbuildings


Wednesday, July 10 from 5-7pm
Saturday, July 20 from 10am-12pm
or by appointment


AUCTION HELD ONSITE: 8350 S 850 W, South Whitley, IN 46787
At intersection of St Rd 14 and St Rd 105 on south side of South Whitley, IN travel west on St Rd 105 S approx 2 mile to Co Rd 800 S then West (right) and travel approx 1.5 miles to Co Rd 850 W then south (left) approx .3 miles to property on right or From intersection St Rd 114 and Co Rd 850 W travel on 850 W approx 2.5 miles to property on left.


8350 S 850 W, South Whitley, IN 46787


Tract 1: 12.5± ac 12.5+/- acres tillable productive farmland, soils are Pewamo, Blount loam, and Glynwood loam

Tract 2: 5.5± ac 5.5+/- acres with country home and outbuildings this tract includes approx 1664 sq ft home, open concept, 7 bedroom with storm shelter and canned goods storage also includes newer 32 ft. x 46 ft. company shed, set up for selling produce, 46 ft. x 240 ft. calf barn, 420 head capacity with straw room, 34 ft. x 72 ft. cow barn, 48 ft. x 48 ft. tromp shed with in ground pit. 32 ft. x 72 ft. with 24 ft. lean to building also includes 36 ft. x 90 ft. horse shed and tool shed with tie stalls, 36 ft. x 80 ft. buggy shed and tool shed combination. Dont miss opportunity to move-in ready with income potential.

Tract 3: 2± ac 2+/- acres with 40 ft. x 90 ft. pole building used as a welding shop, includes in floor, hot water heating system, overhead door, excellent business opportunity.

Tract 4: 18± ac 18+/- acres productive tillable farmland, soils are Pewamo, Glynwood loam, and Blount loam, purchase individually or combine with Tract 3 or Tract 2 to design your dream mini farm with excellent potential income.



PROCEDURE: The property will be offered in 4 individual tracts, any combination of tracts and as a total 38+/- acre 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 targeted closing date will be approximately 30 days after the auction.

POSSESSION: Possession is at closing.

REAL ESTATE TAXES: Real estate taxes will be the 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 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 and 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.