• Available for Farming this Year! • Prime Tillable Land - Morley & Pewamo Soils • 4 Bedroom, 1 1/2 Bath Home & Pole Barn on 2.8Ã
87 Acres Offered in 4 Tracts
Noble County, Indiana - 12 Miles South of Kendallville
Owner: Whonsetler L.P. Thu, Apr 7, 2011 EASTERNAUCTION IS OVER
OPEN HOUSE/INSPECTION DATES
Sunday, March 13th from 2-4PM
Tuesday, March 15th from 4-6PM
Meet a Schrader Representative at the Home on Tract 4 for More Info. Call for Private Showing.
PROPERTY LOCATION
7605 East Swan Road, Avilla, Indiana 46710 From IN-9 in Noble County, turn east on 300 S and travel 7.8 miles. Turn north on 775 E and travel .6 miles to Swan Road. Turn west on Swan Road. Property is on north side. From IN-3 in Noble County, turn west on 300 S and travel 3.7 miles. Turn north on 775 E and travel .6 miles to Swan Road. Turn west on Swan Road. Property is on north side. Watch for signs.
AUCTION LOCATION
At the Log Cabin Building at the Noble County Fairgrounds on St. Rd. 6 on the east side of Kendallville.
TRACT DESCRIPTIONS
Tract 1: 20± ac of mostly tillable land. This tract has approximately 845’ of frontage along East Swan Road. Consider the possibilities of this tract with easy access, productive soils and a great drainage outlet via the open ditch.
Tract 2: 51.5± ac with approx. 41+/- acres tillable and 10.5+/- acres of wooded land. This tract has approximately 1300’ of frontage along 200 South. The predominate soil types are Morley and Pewamo. The open ditch provides a great drainage outlet. There is an existing crossing over the open ditch for access to Tract 1.
Tract 3: 12.5± ac with approximately 10+/- acres tillable and 2.5 acres of wooded land. There is approximately 1000’ of frontage along East Swan Road. Consider the possibilities of this tract as a potential building site with recreational and income producing value.
Tract 4: 2.8± ac improved with a 4 bedroom, 1 ½ bath ranch home. This home offers hardwood floors and an updated eat-in kitchen with all appliances staying. The home includes a 1536 square foot basement and an oversized two car garage. A new roof was installed in 2004. There is a 32’x40’ pole building with a 16’ slider and two 9’ overhead doors. Be prepared to bid your price on this country property in a great location.
AREA MAP
TRACT MAP(S)
SOIL INFORMATION
AREA MAP(S)
PROCEDURE: The property will be offered in 4 individual tracts, any combination of tracts and as a total unit. There will be open bidding on all tracts, tract combinations and the total property during the auction as determined by the Auctioneer. Bids on tracts, tract combinations and the total property may compete.
DOWN PAYMENT: 10% down payment on the day of auction. Immediate possession for farming purposes is available with a 20% down payment on the day of the auction. The down payment may be made in the form of 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: All successful bidders will be required to enter into Purchase Agreements at the auction site immediately following the close of the auction. All final bid prices are subject to the Sellers’ acceptance or rejection.
EVIDENCE OF TITLE: Seller shall provide an owner’s title insurance policy in the amount of the purchase price.
DEED: Seller shall provide 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 administered closing shall be shared 50:50 between Buyer(s) and Seller.
POSSESSION: Possession of the home and the bare ground will be at closing. Immediate possession for farming purposes is available with an additional 10% down payment day of auction.
REAL ESTATE TAXES: Seller to pay 2010 real estate taxes due in 2011. Buyer to pay all taxes thereafter on the bare land. Real estate taxes on the home shall be prorated to the day of closing.
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 have been scheduled and will be staffed with auction personnel. Further, Seller disclaims any and all responsibility for Bidder’s safety during any physical inspection of the property. No party shall be deemed an invitee of the property by virtue of the offering of the property for sale.
ACREAGE: All tract acreages, 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 or where new boundaries are created by the tract divisions in this auction. Any need for a new survey shall be determined solely by the Seller. 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. Closing prices shall be adjusted to reflect any difference between advertised and surveyed acres, except on Tract 4 or any combination that includes Tract 4.
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 â€
None at this time
