• 40 Acres Tillable • 15 Acres Hunting & Recreational • Commercial Potential • Railroad Spur
East Allen County - 55 Acre Land Auction
New Haven, Indiana - Just East of Fort Wayne
Owner: Brooks Development Company Mon, Apr 9, 2012 EASTERNAUCTION IS OVER
OPEN HOUSE/INSPECTION DATES
Walk over inspections permitted. Preview: Monday, March 19, 5-7 PM
Meet a Schrader Rep. on site.
PROPERTY LOCATION
11700 Block of Edgerton Rd, New Haven
AUCTION LOCATION
Held On Site
TRACT DESCRIPTIONS
Tract 1: 55± ac This is a great investment property consisting of 55 acres with 40 acres of productive tillable land! The property is located just on the eastern edge of I-469 with lots of visibility. Possible commercial usage in future for this piece!! There is approximately 1200 feet of road frontage along Edgerton Road. There is approximately 900 feet of frontage along Rail Road spur. Annual Taxes on this parcel are $1,426.
AREA MAP
TRACT MAP(S)
SOIL INFORMATION
PROCEDURE: The property will be offered as a total 55 acres only.
DOWN PAYMENT: 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 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 auctions 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 15 days of presentation of insurable title. Costs for an insured closing shall be shared 50:50 between Buyer(s) and Seller.
POSSESSION: Possession shall be at closing, immediately following the closing.
Buyer may obtain possession immediately with an additional 10% down on day of sale.
REAL ESTATE TAXES: The Real Estate Taxes shall be pro-rated to the date of closing. Buyer shall pay any ditch assessments due and payable in 2012.
ACREAGE: All tract acreage, 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. Solely the Seller shall determine any need for a new survey. 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 of Fort Wayne, LLC. 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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