• Lake Front Lots • Townhouses - Villas • Development Lots • Investment Potential
Lake James Area Real Estate Auction - 13 Lots - 3 Selling Absolute!
Lake James Area - Angola, Indiana - Steuben County
Owner: Coves of Lake James, LLC., Tower Bank, Jeff & Phillip Piazza Thu, Oct 27, 2011 EASTERNAUCTION IS OVER
OPEN HOUSE/INSPECTION DATES
Saturday, October 15, 10am - Noon
Wednesday, October 19, 4-6pm
Meet a Schrader Representative at the Villas on Tracts 1-3 for additional information.
PROPERTY LOCATION
Located just north and south of the old Bledsoes Beach property, on Bay View Rd., CR 300 W and Havens Rd. From I-69 - Exit 150, turn north on CR 200 W and travel 2 miles. CR 200 W becomes Bay View Rd. Continue on Bay View Road 1 mile to the intersection with CR 300 W. Tracts 12-13 are on the NE corner. Tracts 1-11 are 0.6 miles north on CR 300 W on the east side of the road.
AUCTION LOCATION
At the old Bledsoes Reception Hall located at 3995 N CR 300 W, Angola, IN. This building is located between the auction properties on CR 300 W.
PROPERTY DESCRIPTION
Tracts 10 & 11 would offer lake frontage to Lake James for Tract 4.
TRACT DESCRIPTIONS
Tract 1: 0.1± ac 45 Lane 520 Lake James - Unfinished 3 bedroom Villa / Townhouse - Selling Absolute!
Tract 2: 0.1± ac 35 Lane 520 Lake James - Unfinished 3 bedroom Villa / Townhouse
Tract 3: 0.1± ac 25 Lane 520 Lake James - Finished 3 bedroom Villa / Townhouse! With nearly 3,200 square foot of living space, this 3 Bedroom, 3.5 bath Villa / Townhouse features peaceful setting of the private community near Lake James Chain. A deck off of the back offers view of natural area and wildlife! Gas forced air and central air! Fremont Schools, Annual Taxes: $1056.88
Tract 4: 17± ac Including platted potential condo sites and shared areas. This tract represents the controlling interest in the condominium.
Tract 5: 0.1± ac Lots A,B and C. Potential Building Sites.
Tract 6: 0.1± ac Lots D and E. Potential Building Sites - Selling Absolute!
Tract 7: 0.1± ac Lots F and G. Potential Building Sites.
Tract 8: 0.1± ac Lots I and J. Potential Building Sites.
Tract 9: 0.1± ac Lot K. Potential Building Site - Selling Absolute!
Tract 10: 0.1± ac Back lot behind Tract #11. Dimensions are 94 ft. x 300 ft.+. This lot offers location to build storage building for lake toys! There is a partial paved path on some of this lot - a great walking path!
Tract 11: 0.1± ac 160 Lane 510D, Lake James - Lake James lake front lot! Dimensions are 50 ft. x 300 ft.+. This is a three tier lot from the road down to the lake. Great walk-out potential! Great view of Pokagon Beach across the lake! Fremont Schools.
Tract 12: 0.1± ac Lots 1 and 2 Bayview Road Lake. Two Lake James channel front lots just across street from popular Lake James restaurants and business! Located at popular 4 Corners at Jimmerson and James! Build your lake home here and enjoy all of the activities Lake Life offers! Lot dimensions are approximately 55 ft. x 130 ft.+. MSD Steuben County schools.
Tract 13: 0.1± ac Lots 1 and 2 Bayview Road Lake. Two Lake James channel front lots just across street from popular Lake James restaurants and business! Located at popular 4 Corners at Jimmerson and James! Build your lake home here and enjoy all of the activities Lake Life offers! Lot dimensions are approximately 55 ft. x 130 ft.+. MSD Steuben County schools.
AREA MAP
TRACT MAP(S)
PLAT MAP(S)
AREA MAP(S)
PROCEDURE: The property will be offered in 13 individual tracts and any combination of tracts within groups. All property advertised as ABSOLUTE will sell regardless of price; all property advertised with RESERVE PRICE will sell subject to the Sellers acceptance or rejection. All successful bidders will be required to enter into purchase agreements at the auction site immediately following the close of the auction.
DOWN PAYMENT: 10% of the accepted bid price as down payment on the day of auction with the balance in cash at closing. 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.
DEED: Seller shall provide Warranty Deed(s).
EVIDENCE OF TITLE: The Seller shall provide an Owners Title Insurance in the amount of the purchase price.
CLOSING: The closing shall take place 30 days after the auction day, or as soon thereafter as applicable closing documents are completed by Seller. All closing costs shall be split 50:50 between Buyer(s) and Seller.
POSSESSION: Possession is at closing.
REAL ESTATE TAXES: Real estate taxes shall be prorated to the date of closing.
ACREAGE & TRACTS: Some acreages are approximate and have been estimated based on current legal descriptions, previous survey work, and/or aerial photos. Any corrections, additions, or deletions will be made known prior to the auction.
SURVEY: The Buyer(s) and Seller shall split 50:50 the expense of any survey for any tract where there is no existing legal description. Most tracts in this auction will not require any survey work. Any need for a new survey shall be determined solely by the Seller.
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 has been scheduled to help in your investigation of the property and will be staffed with auction personnel.
AGENCY: Schrader Real Estate & 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. 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.
None at this time
