AUCTION IS OVER

TOTAL SOLD: $330,000

Tract(s): 1

@ $330,000

Own property nearby? These are real results from this sale, not estimates. Ask Lee Beer and Mike Roy, who managed this auction, what your property would bring in today's market. There is no obligation.

Ask about my property or call 800-451-2709

• 20+/- Acres • Wooded Lot • Deer Hunting Plentiful • Enjoy canoeing clear to Sylvan Lake from your own property!

OPEN HOUSE/INSPECTION DATES

Sunday, February 25th from 2-4pm
Monday, February 26th from 4-6pm

PROPERTY LOCATION

5225 E 850 N, Kendallville, IN, 46755

AUCTION LOCATION

Held On Site

PROPERTY DESCRIPTION

Three Bedroom Cape Cod Home

20+/- Acres Wood Lot

24 ft. x 28 ft. garage

Home built in 1998

Open floor plan, hardwood trim and doors, gas boiler hot water baseboard heat, 48 ft. open front porch, 1872 square ft.

Additional gas free standing fireplace

Sold complete with all appliances and custom built oak dining room suite

1000 gal owned propane tank

New poly garden shed

TRACT MAP(S)

Tract map - REAL ESTATE AUCTION - 20+/- ACRES WOODED LOT IN NOBLE COUNTY, INDIANA

AREA MAP(S)

Area map - REAL ESTATE AUCTION - 20+/- ACRES WOODED LOT IN NOBLE COUNTY, INDIANA

PROCEDURE: The property will be offered at oral auction.

DOWN PAYMENT: $5,000.00 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. The final bid is subject to the Sellers acceptance or rejection.

EVIDENCE OF TITLE: Seller shall provide an owners title insurance policy in the amount of the purchase price.

DEED: Seller shall provide a Trustee 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: Survey costs to be shared 50/50.

AGENCY: Schrader Real Estate & Auction Co. of Fort Wayne. 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.