• MAJOR INCOME PROPERTY! • 3 Bedroom Home on Full Basement • 4 Apartments • Commercial Building with Fenced Bullpen • 1.36+/- Acres • Zoned I-1 • Light Industrial • Furniture • Household • Lawn & Garden • Woodworking & Shop Tools
REAL ESTATE & PERSONAL PROPERTY AUCTION IN ALLEN COUNTY, INDIANA
215 Lincoln Highway East, New Haven, Indiana - Allen County, Indiana
Owner: Leroy & Vicki J. Winchester Equipment & Personal Property at 3:00 PM EASTERNReal Estate Tue, Jun 28, 2016 EASTERN
AUCTION IS OVER
TOTAL SOLD: $230,000
| Tract(s): 1 | @ $230,000 |
OPEN HOUSE/INSPECTION DATES
Monday, June 6 from 5-7 pm
Sunday, June 12 from 2-4 pm
PROPERTY LOCATION
215 Lincoln Highway East, New Haven, IN (Located just east of Hartzell Rd intersection & Speedway Gas Station)
AUCTION LOCATION
Held On Site
PROPERTY DESCRIPTION
This entire property has so much income producing potential for the live in homeowner or rent the home for additional income. The property is zoned I-1, Light Industrial.
3 BEDROOM HOME: The Indiana Limestone home features a large modern kitchen with large L shaped bar plus a spacious eat-in area.
Kitchen is loaded with kitchen cupboard space and built-ins. The Dining and Living Room combo area is a spacious 15 ft. wide by 30 ft. long and features an Indiana Limestone fireplace. There is a full bath with double sink vanity on the main level. There are 3 bedrooms on the main level. The master has built-ins with shelves. The basement is a full finished basement with the main entertaining area with a bar with sink, plus a full kitchen area behind the bar. There is a second room for rec activities, or great kids room! There are additional rooms for storage also in the basement plus a full bath with tub/shower. There is an exterior entrance from the basement allowing for possible duplexing. At the top of the exterior entrance is an enclosed 4 season room measuring 14 ft. x 15 ft.. The front yard and drive has extensive shrubbery and rock landscaping. The home is gas hot water heat and has Central Air. APARTMENTS: There are 3 finished apartments attached to the back of the home, plus an unfinished area could be 4th. Two apartments are single bedroom and one is a two bedroom.
There is a coin op laundry area available to the apartments. One of the apartments is an upper level with a balcony walk-out plus an interior entrance. There are currently tenants in two of the apartments. There is a 12 ft. x 20 ft. covered pavilion in the court yard area behind the home and next to the apartments.
COMMERCIAL BUILDING: This building has a 30 ft. x 33 ft. finished and heated garage with 2 newer overhead doors. There is water and a floor drain in this area. There is an additional room for wash area plus an exterior entrance to the back lot. The next area is 15 ft. x 16 ft. with exterior access to back and front. It has a 1/2 bath plus a 12 ft. x 13 ft. kitchen.
The shop area is 25 ft. x 30 ft. is heated also with lots commercial possibilities.
There is a large concrete and fenced kennel area off of the entire back of the building
BULL PEN: The back bullpen is approximately 120 ft. wide by 140 ft. deep. It is completely fenced with chain link and barbed wire security fence. Great location for possible RV or other storage
ANNUAL TAXES: $2,957.84 with exemptions.
EQUIPMENT & PERSONAL PROPERTY
LAWN AND GARDEN-TOOLS:
CLOCK & FURNITURE:
ANTIQUES AND COLLECTIBLES:
APPLIANCES:
TELEVISION AND HOUSEHOLD:
AREA MAP
AREA MAP(S)
PROCEDURE: The property will be offered at public oral auction.
DOWN PAYMENT: $5000 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. Seller reserves the right to reject any and all bids.
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 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 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 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 Sellers option and sufficient for providing title insurance.
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.
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