• Tract range from 6 Acres to 21 Acres • Excellent hunting and Recreational land with an abundance of Deer and Wildlife • Pond • Productive Tillable Land • Excellent road frontage and access • 2 story home and several outbuildings
REAL ESTATE AUCTION 84.5+/- ACRES OFFERED IN 6 TRACTS OR IN COMBINATION IN DEKALB COUNTY, IN
1662 County Road 19 Waterloo, IN 46793 - Dekalb County
Owner: Frank Kessler Estate Tue, Mar 29, 2022 EASTERNAUCTION IS OVER
TOTAL SOLD: $1,335,000
| Tract(s): 1-6 | @ $1,335,000 | ($15,793/acre) |
OPEN HOUSE/INSPECTION DATES
Sunday, March 6 from 1- 4pm
Sunday, March 13 from 1- 4pm
Walk over inspections of the land are permitted anytime, however please call Jared Sipe at 260-750-1553 before any walk over inspections.
PROPERTY LOCATION
1662 County Road 19, Waterloo, IN 46793
Take highway 6 West of I69 approximately 2 miles to County Road 19. Turn North and go approximately 2 miles to auction site (property is on the Northwest corner of County Roads 16 and 19).
AUCTION LOCATION
Dekalb County Fairgrounds, 708 S Union St, Auburn, IN 46706
Auction will be held in the Middaugh Building (first building to the North as you pull in off S Union St)
TRACT DESCRIPTIONS
Tract 1: 14± ac of mostly recreational land and a 1.5+/- acre pond. There is a 2+/- acre clear pasture area in the Northeast corner along county road 19. This tract has significant rolling and undulating topography. Many deer have been spotted on this tract around the pond. Good road frontage and access along CR 19.
Tract 2: 14.5± ac SWING TRACT: with tillable and wooded recreational land. This tract may only be purchased by an adjacent landowner or in combination with tracts 1 and/or 3. This tract has two tillable fields surrounded by woods and recreational land. Both tillable fields are approximately 3+/- acres. Tillable soil types include Strawn loam and clay loam, and Boyer sandy loam. This tract has significant rolling and undulating topography. Many deer tracks were spotted on this tract, especially along the East edge of the South field, just West of the pond.
Tract 3: 17± ac of tillable and recreational land. There is a tillable field in the middle of the tract with approximately 7+/- acres. Tillable soil types include Boyer sandy loam and Wallkill sandy loam. There is woods and recreational ground along CR 19 and woods to the back (West side) of the tract. This tract has significant rolling and undulating topography. On the west side of the tract, starting at the woods there is an approximate 50 ft. drop-off from the edge of the woods down to the edge of tract 6. Deer were spotted walking in the woods on this hillside. This tract has good road frontage and access along CR 19.
Tract 4: 11± ac including original 2 story farmhouse and outbuildings. The land has approximately 5.5+/- tillable acres. Tillable soil types include Boyer sandy loam and Strawn clay loam. There are recreational woods along the Western and Southern portion of the tract. This tract has significant rolling and undulating topography. The hillside on tract 3 extends along the back side of this tract. Deer were spotted walking in the woods on this hillside. Many deer tracks were seen in the tillable area and around the back barn. The home features approximately 1,360 square feet, 4 bedrooms, 1 full bathroom, family room, dining room, and kitchen. There is a partial basement and crawlspace. The home has propane gas radiant heat, well, septic system, vinyl siding, and asphalt shingle roof. There is a 24x29 detached garage built in 2002. There is a 25x48 pole barn with concrete floor, electrical, electric overhead door, and metal roof/siding. There is a 36x50 original bank barn with metal roof and siding, very solid barn with original native timber, beams, and river rock foundation. Attached to the bank barn is a 36x48 pole barn with concrete floor, electrical, 2 sliding doors, and metal roof/siding. Several smaller sheds and buildings.
Tract 5: 6.5± ac of mostly tillable land on the corner of CR 19 and 16. Tillable soil types include Strawn loam and Strawn clay loam. This tract has significant rolling and undulating topography. Many deer tracks were seen on this tract along the Northern property line.
Tract 6: 21.5± ac of tillable and recreational land. There is approximately 17+/- acres of tillable land. Tillable soil types include Rensselaer loam, Wallkill silt loam, Strawn loam, Strawn clay loam, and Houghton muck. There is a ditch running through the property starting at CR 16 and running North. Some recreational land on the east side of the ditch. West side of the ditch is mostly level topography, and the East side of the ditch has a mixture of level, rolling, and undulating topography. Many deer tracks were seen on the East side of the ditch. This tract has good road frontage and access along CR 16. There is an area just East of the ditch along CR 16 that is mostly level for access to the East side of the ditch.
TRACT MAP(S)
AREA MAP(S)
PROCEDURE: This property will be offered at oral auction in 6 individual tracts, any combination of tracts, or as a total unit. There will be open bidding on individual tracts and the combination of tracts during the auction, until the close of the auction as determined by the auctioneer.
DOWN PAYMENT: A 10% down payment is due the day of auction for individual tracts or combination of tracts. The down payment will be made the day of auction, immediately following the auction, with the balance in cash at closing. 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 a purchase agreement at the auction site immediately following the close of the auction. All final bid prices are subject to the sellers rejection or acceptance.
EVIDENCE OF TITLE: Seller shall provide an owners title insurance policy in the amount of the purchase price.
DEED: Seller shall provide a Personal Representatives Deed(s).
CLOSING: The balance of the purchase price is due at closing. A targeted closing date will be approximately 30 days after the auction, or as soon thereafter as applicable closing documents are completed by the seller. Costs for an administered closing shall be shared 50:50 between Buyer(s) and Seller. Any costs associated with securing a mortgage shall be paid by the buyer(s).
POSSESSION: Possession is subject to the tenant farmers rights to the 2022 crop harvest. The seller shall retain their share of the 2022 crop and credit the new buyer(s) $100 per tillable acre at the time of closing. Possession of tract 4 with the improvements shall be given at closing, immediately following the closing with the exception of the crop land. New buyer(s) shall have access to the property for recreational purposes, however possession for any farming activities will not be until the 2022 crop is removed.
REAL ESTATE TAXES: The 2021 due and payable 2022 real estate taxes shall be paid by the seller. The 2022 due and payable 2023 real estate taxes shall be prorated to the date 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: A perimeter survey has been completed by Midwest Land Surveying. If the property sells as 1 unit, the new buyer will receive a copy of this survey. If the property sells in a manner where new boundaries are created by the tract divisions in this auction, each buyer will receive a copy of the survey for the PERIMETER ONLY of the tracts they bought. Seller and successful bidder(s) shall each pay half (50:50) of the cost of any survey work completed on the auction property. The type of survey performed shall be at the Sellers option and sufficient for providing title insurance. Final sales price shall be adjusted to reflect any difference between advertised acres and surveyed acres, except with respect to Tract 4.
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, including if any or all the auction tracts qualify for any kind of residential development. All tracts are being offered for recreational and farming purposes only. 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.
