AUCTION IS OVER

TOTAL SOLD: $470,000

Tract(s): 1	@ $310,000
Tract(s): 2	@ $160,000	($8,159/acre)

Own property nearby? These are real results from this sale, not estimates. Ask Mike Roy, who managed this auction, what your property would bring in today's market. There is no obligation.

Ask about my property or call 800-451-2709

• REAL ESTATE ON MONDAY, OCTOBER 30 @ 6PM • PERSONAL PROPERTY ON SATURDAY, OCTOBER 28 @ 10AM • 33.94+/- Acres offered in 2 Tracts • 1913 Brick Home Historical Farmhouse • 5 Bedroom 3 bath • 3 Car Garage • Wrap Around Porch • 22 ft x 22 ft. Sunroom

OPEN HOUSE/INSPECTION DATES

Sunday, September 24 from 2:00 - 4:00 pm
Sunday, October 1 from 2:00 - 4:00 pm

PROPERTY LOCATION

9731 Wayne Trace, Fort Wayne, IN 46816

AUCTION LOCATION

Held On Site

TRACT DESCRIPTIONS

Tract 1: 13.9± ac 5 bedroom 3 bath historical brick farmhouse. This home was originally located at Emmanual Lutheran Church at Soest serving as it ft.s parsonage since 1913. In 1993, the home was lovingly relocated and updated featuring a full basement, three car garage, wrap around porch and 22 ft. x 22 ft. sunroom. Enter into the side covered entryway into a large dining room that opens up into the living room. The first floor features 2 bedrooms, full bath, enclosed front foyer, eat in kitchen and the large sunny sunroom overlooking the 5 acre lake. The lake is fully stocked with an abundant supply of bass & blugill. The basement has a large finished family room with brick gas fireplace, full bath, ample utility room and large workshop area with separate outside entry. The second floor has 3 bedrooms, full bath and a kitchen area. The upstairs has two stairways leading to it and has access to the floored attic space above the three car garage. The three car garage is 24 ft. x 36 ft. with 3 openers and a floored walk up attic. There is a 24 ft. x 32 ft. two story barn with a covered side porch. The barn has full concrete floor and water. Other home features:

High-efficiency forced air furnace with central air conditioning

Natural gas service

All natural hardwood trim and flooring throughout - mostly original to this 1913 home

Full concrete driveway

Mostly original and period light fixtures

New carpet in sunroom and upstairs

Custom brick mailbox

Tract 2: 19.6± ac mostly tillable farmland. This has over 550 ft. frontage on Emanual Road. This tract rolls slightly in the center and would make a great country building site or small mini farm operation.

AREA MAP

TRACT MAP(S)

Tract map - REAL ESTATE AUCTION - 33.49+/- ACRES IN 2 TRACTS IN ALLEN COUNTY, INDIANA

SOIL INFORMATION

Soil map - REAL ESTATE AUCTION - 33.49+/- ACRES IN 2 TRACTS IN ALLEN COUNTY, INDIANA

AREA MAP(S)

Area map - REAL ESTATE AUCTION - 33.49+/- ACRES IN 2 TRACTS IN ALLEN COUNTY, INDIANA

PROCEDURE: The property will be offered at oral auction.

DOWN PAYMENT: Tract 1: $5,000 down on the day of auction, Tract 2 or combination of tracts: 10% down payment on the day of auction with the balance in cash at closing. The down payment may be made in the form of cash, 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: The successful bidder will be required to enter into a purchase agreement at the auction site immediately following the close of the auction. The final bid is 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 will provide a Warranty Deed.

CLOSING: The balance of the purchase price is due at closing, which will take place within 30 days of presentation of insurable title. Costs for an insured closing shall be shared 50:50 between Buyer(s) and Seller.

POSSESSION: Possession on day of closing, immediately following the closing.

REAL ESTATE TAXES: Real Estate Taxes will be pro-rated to the day of closing.

SURVEY: A new perimeter survey will be completed only if necessary for Title Commitment. The seller shall determine any need for a new survey and shall order survey. The cost of the new survey, if necessary, shall be split 50/50 between Buyer and Seller.

AGENCY: Schrader Real Estate & Auction Co. of Fort Wayne, LLC., 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 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. All sketches and dimensions in the brochure are approximate. Each potential bidder is responsible for conduct of his or her own independent inspections, investigations, inquiries, and due diligence concerning the property. The information contained in the brochure is subject to verifications by all parties relying on it. The Seller or the Auction Company assumes no liability for its accuracy, errors, or omissions. Conduct of the auction and increments of bidding are at the 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.