AUCTION IS OVER

TOTAL SOLD: $500,000

Tract(s): 1

@ $500,000

Own property nearby? These are real results from this sale, not estimates. Ask Jared Sipe, 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

• Quality Built 2-Story Home on a Full Walk-Out Basement Sitting on a Beautiful, Scenic 7.67+/- Acre Lot with a Pond

OPEN HOUSE/INSPECTION DATES

Sun, Dec. 31st from 2-4pm
Sun, Jan. 14th from 2-4pm

PROPERTY LOCATION

1911 W Rimmel Rd, Kendallville, IN 46755
Take Highway 6 to N Sawyer Rd in Kendallville & turn north. Go to T-Stop at W Rimmel Rd & turn west (left) to auction site. It is the second home on the left.

AUCTION LOCATION

HELD ONSITE

TRACT DESCRIPTIONS

Tract 1: 7.7± ac Quality built 2 story home on a full walk-out basement sitting on a beautiful, scenic 7.67+/- acre lot w/ a pond. The home boast 2,734 above grade finished square feet & a total of 1,877 below grade square feet all finished. There are 4 bedrooms, 3 full bathrooms & 1 half bathroom. The family room features a cathedral ceiling w/ gas log fireplace. Large main floor master bedroom w/ large master bathroom & walk in closets. Nice kitchen w/ ample storage space, center island, & breakfast area w/ built-ins. The finished daylight basement features a large rec room w/ bar, family room w/ woodburning fireplace & walkout to large patio area, extra room & a den w/ built-ins. There is a 3 car attached garage. The home has geothermal heat & air (new 2015), all electric (exception is the propane fireplace), well & septic system. The home features a new metal roof in 2016. There is a 18x36 inground pool w/ a large concrete patio & upper large wrap around deck. Incredible 7.67Â± acre lot w/ scenic views, abundance of wildlife, pond & a shooting range. East Noble schools, current taxes $3,084.18.

TRACT MAP(S)

Tract map - REAL ESTATE AUCTION - 7.67+/- ACRES OFFERED IN 1 TRACT IN NOBLE COUNTY, INDIANA

AREA MAP(S)

Area map - REAL ESTATE AUCTION - 7.67+/- ACRES OFFERED IN 1 TRACT IN NOBLE COUNTY, INDIANA

PROCEDURE: This property will be offered at oral auction. There will be open bidding during the auction, until the close of the auction as determined by the auctioneer.

DOWN PAYMENT: A $10,000 down payment is due at the close of the auction w/ the balance in cash at closing. The down payment will be made the day of auction, immediately following the auction, w/ the balance in cash at closing. The down payment may be made in the form of a cashier's check, personal check or corporate check. Your bidding is not conditional upon financing, so be sure you have arranged financing, if needed, & are capable of paying cash at the closing.

ACCEPTANCE OF BID PRICES: Successful bidder 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 seller's rejection or acceptance.

EVIDENCE OF TITLE: Seller shall provide an owner's 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 in cash 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 & Seller. Any costs associated w/ securing a mortgage shall be paid by the buyer(s).

POSSESSION: Possession given the day of closing, immediately following the closing.

REAL ESTATE TAXES: Real Estate Taxes will be pro-rated to the day of closing.

LOT SIZE: All dimensions, & proposed boundaries are approximate & have been estimated based on current legal descriptions, county records, and/or aerial photos.

SURVEY: A new perimeter survey will be completed only if necessary for closing. The seller & 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 & sufficient for providing title insurance.

AGENCY: Schrader Real Estate & Auction Company, Inc. & its representatives are exclusive agents of the Seller.

DISCLAIMER & ABSENCE OF WARRANTIES: All information contained in this brochure & all related materials are subject to the terms & conditions outlined in the Purchase Agreement. The property is being sold on an AS IS, WHERE IS basis, & no warranty or representation, either expressed or implied, concerning the property is made by the Seller or the Auction Company. All sketches & dimensions in the brochure are approximate. Each potential bidder is responsible for conducting his or her own independent inspections, investigations, inquiries, & 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 & increments of bidding are at the direction & discretion of the Auctioneer. The Seller & 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.