Auction is over
Land Auction - 38 Tracts
Shipshewana, Indiana - Lagrange County · Owner: Jay Dee & Karlyn Hostetler
- Auction dateTue, Oct 5, 2010 ET
- Acres1±
- Tracts38
- Auction held atShipshewana Town Center, 760 South Van Buren Street, Shipshewana, Indiana 46565
- Residential Building Lots with water, sewer & utilities
- Prime Commercial Lots in Old Town Shoppes Zoned B-2 with water, sewer & utilities
- Bare Land with Beautiful Views
- Great Locations
- 2 Large Pole Buildings with Acreage
- Spec Home sells without interior being completed
- EXCELLENT INVESTMENT OPPORTUNITIES!
Open house / inspection dates
Thurs., Sept. 9 from 4-6 PM & Sun., Sept. 19 from 2-4 PM
Meet a Schrader Representative at the Spec Home on Tract 16 on Country Lane.
Auction location
Shipshewana Town Center, 760 South Van Buren Street, Shipshewana, Indiana 46565
Property description
Shipshewana is located in northern Indiana, Lagrange County, Newburry Township and is known for hosting one of the nation's largest flea markets. The area is defined by its surrounding Mennonite and Amish Communities and small town character. The town of Shipshewana attracts over half a million visitors each year. This is a well kept community that values its quality schools, its gracious park and a library of distinction. Consider the possibilities of bidding your price on residential and commercial lots with water, sewer and utilities. A speck home is ready to have the interior finished with your colors and specifications. Bare ground is available for the buyer who requires some elbow room.
Click below to download the covenants and restrictions:
Tract 24 and Tracts 1-23 + 25-38
Area map
Tract map
Area map
Terms
PROCEDURE: This property will be offered in 38 tracts, any combination of tracts and as a total unit.
DOWN PAYMENT: 10% down payment may be made in the form of cash, cashier's 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: Tracts 5 thru 9 and tracts 27 thru 31 are being sold absolute to the highest bedder(s) regardless of price. All final bids on the remaining tracts are 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.
EVIDENCE OF TITLE: Seller shall provide an owner's title insurance policy in the amount of the purchase price.
DEED: Seller shall provide General Warranty Deed(s).
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 is at closing.
REAL ESTATE TAXES: Seller will pay the 2010 taxes due in 2011. Buyer(s) to pay all taxes thereafter.
ACREAGE: All tract acreages, dimensions, and proposed boundaries are approximate and have been estimated based on current legal descriptions and/or aerial photos.
SURVEY: 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 Seller's option and sufficient for providing title insurance.
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 person's 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.
Documents & downloads
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