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Absolute Auction - Potential Investment Properties
Kosciusko, Fulton & Wabash Counties
Owner: Jerolyn K. Stratton McGrath and Joseph A. McGrath Rev. Trusts, Lake City Bank, Trustee Tue, Aug 9, 2011 EASTERNAUCTION IS OVER
OPEN HOUSE/INSPECTION DATES
Inspection Dates for Tracts 6-10: Fri., July 8 from 9-10 am
PROPERTY LOCATION
Various Locations!
AUCTION LOCATION
Claypool Lions Club â€â€
TRACT DESCRIPTIONS
Tract 1:
1± ac
TRACT 1: Lake Front Cottage with Garage Sold Absolute over $42,000. 70W. Lakeside Drive, N. Manchester, IN 46962 Directions: From SR 13 & SR 114 in N. Manchester, take SR 114, 3 mi. West or From SR 15 & SR 114, take SR 114, 2 mi. East to CR 300 W. Turn South 1 mile to CR 275 W (Ireland Rd), then South mi. to Lakeside Drive, then Left to property. Lake Front Cottage on Long Lake with detached 1 car garage, boat ramp & rolling pier. Cottage has 2 bedrooms, 2 full baths, full kitchen, living room and guest/laundry area.
Inspection Dates: Sat., July 9 9-10 am or Mon., July 18 4:30-5:30 pm
Tract 2:
1± ac
TRACT 2: Home w/ Detached 2 car garage Sold Absolute over $56,000. 207 S. Sycamore St., Silver Lake, IN 46982 Directions: From SR 14 & SR 15 in Silver Lake, take SR 15 South to Sycamore St, then East 2 blocks to home. Accommodating 4 bedroom, 2 bath home with 2 car detached garage on fenced corner lot, with front & rear porches.
Inspection Dates: Wed., July 6 or Thurs., July 7 4:30-5:30 pm
Tract 3:
0.5± ac
TRACT 3: Manufactured Home on nearly 1/2 acre with a nice, 16 x 32 building. 8554 S. 600 W., Claypool, IN 46510 Directions: North of Silver Lake (South of McClure Station) on SR 15, to CR 950 S., then West, 2-3/4 mi. to CR 600 W, then North 1+/- mile to property. Mobile home with storage building on large lot with views of Yellow Creek Lake.
Inspection Date: Fri., July 8 10:30-11:30 am
Tract 4:
1± ac
TRACT 4: 1998 Manufactured Home on nearly 1 acre with 8 x 10 shed. 424 E. Center St., (in Burket), Mentone, IN 46539 Directions: On SR 25, East of Mentone, turn South on CR 700 W, 1 mi. to Center St./Davis Rd. (Burket School), then West ½ mi. to property. 16 ft. x 76 ft. Mobile home on nearly 1 acre on the edge of the town of Burket. Home sits upon a 55 ft. x 116 ft. concrete pad (formerly a feed lot).
Inspection Date: Thurs., July 7, 6-7 pm
Tract 5:
0.5± ac
TRACT 5: Mobile Home with Garage overlooking the Tippecanoe River 7929 N. Tippecanoe Shores, Tippecanoe, IN 46570 Directions: North of Rochester & West of Mentone – on SR 110 & SR 25, West of SR 331, follow SR 110 (turns into CR 800 N) ½ mi. to Tippecanoe Shores Dr., then South to property. Mobile home with detached 2 car garage, 2 bedrooms and 1 bath, on nearly A 1/2 acre overlooking the scenic Tippecanoe River.
Call for private inspection.
Tract 6:
0.5± ac
Directions for Tracts 6-10: From SR 13 & HWY 30 in Pierceton, South on SR 13, 5 miles or From SR 13 & SR 14, North of N. Manchester, North on SR 13, 5 miles – to CR 600 S, then West to East & West Channel Drives.
TRACT 6: Potential Building Site with Views of Sellers Lake Lots 10, 11 & 12, West Channel Dr., Warsaw, IN 46580 Potential building site with mature trees and frontage on West Channel Rd., and Lake Shore Drive E.
Tract 7: 0.5± ac TRACT 7: Mobile home on double lot with kitchen appliances and utility shed. 5896 S. East Channel Rd., Warsaw, IN 46580
Tract 8: 0.5± ac TRACT 8: Mobile home on 3½ lots with all appliances and utility shed. 5873 S. East Channel Rd., Warsaw, IN 46580
Tract 9: 0.5± ac TRACT 9: 840 sq. ft. home with 1 bedroom and 1 bath. 5822 S. East Channel Rd., Warsaw, IN 46580
Tract 10: 0.5± ac TRACT 10: Mobile home on large fenced, double lot. 5756 S. East Channel Rd., Warsaw, IN 46580
AREA MAP
AREA MAP(S)
PROCEDURE: Tracts 1 and 2 will be offered in individual tracts only. Tracts 3-10, will be offered in individual tracts, combinations of tracts or as a total unit. There will be open bidding on all tracts. The property will be sold in the manner resulting in the highest total sale price. DOWN PAYMENT: 5% 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. APPROVAL 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 on Tracts 1 & 2 are subject to the Sellers acceptance or rejection. Tracts 3-10 shall be sold to the highest bidder. DEED: Seller shall provide Trustee’s deeds. EVIDENCE OF TITLE: Seller shall provide title insurance in the amount of the purchase prices. CLOSING: Closing shall take place 15 days after proof of merchantable titles. POSSESSION: up to 45 days after closing. REAL ESTATE TAXES: Pro-rated to day of closing. DITCH ASSESSMENTS: Buyer shall pay all ditch assessments due after closing. ACREAGE: All acreage is approximate and has been estimated based on current legal descriptions and/or aerial photos. SURVEY: There shall be no surveys, as each tract has an existing legal description. 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. ANNOUNCEMENTS MADE BY THE AUCTION COMPANY AT THE AUCTION PODIUM DURING THE TIME OF THE SALE WILL TAKE PRECEDENCE OVER ANY PREVIOUSLY PRINTED MATERIAL, OR ANY OTHER ORAL STATEMENTS MADE. Tract acreage has been estimated based on aerial photographs. 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. ANY ANNOUNCEMENTS MADE THE DAY OF THE SALE TAKE PRECEDENCE OVER PRINTED MATERIAL OR ANY OTHER ORAL STATEMENTS MADE
None at this time
