REAL ESTATE AUCTION - Country Home, Many Outbuildings, Stocked Pond and Tillable Land

SPENCERVILLE, IN

Owner: Solomon J., Anna Mae, Joseph S. & Edith A. Wickey Sat, Oct 16, 2010 EASTERN

AUCTION IS OVER

• 4 Year Old 3520 sq. ft., 7 Bedroom Home, 2 baths, includes full basement, 912 sq. ft. summer kitchen, barn, shop or tool shed, chicken coop, stocked pond • Tillable Land • Approved Building Site

OPEN HOUSE/INSPECTION DATES

Wednesday, September 29: 5-7PM
Saturday, October 2: 1-5PM

PROPERTY LOCATION

From Spencerville, IN - travel West 3 miles on Co. Rd. 68. Turn North 1 mile on Co. Rd. 43 to property on Northwest corner.

AUCTION LOCATION

Auction to be held at the Spencerville Community Building west of Highway 1 on County Road 68.

PROPERTY DESCRIPTION

40 Acres in 3 tracts

TRACT DESCRIPTIONS

Tract 1: 20± ac This tract is nearly all tillable with 85% of the soils being Blount soil type and approximately 15% being Pewamo, level to gently rolling terrain, and highly productive. This tract is unique in that it has been previously platted as part of the McNabb Subdivision and already has an approved building site, saving the buyer thousands of dollars should you decide to build. This tract has approximately 700' of frontage on CR 64.

Tract 2: 10± ac This nearly all tillable tract is approximately 95% highly productive Blount soil type, nearly level to gently rolling with approximately 5% Pewamo. This is an agricultural tract with approximately 625' of frontage on CR 43. Any future plans to build must first gain approval from the DeKalb County Planning Commission and Building Department.

Tract 3: 10± ac This 10 acre tract contains all of the improvements: a 4 year old 2 story Amish style home with 7 bedrooms, 3520 sq. ft. of living area, plus a 1760 sq. ft. full basement. A pantry and breezeway connect the main house to a 912 sq. ft. summer kitchen. An 8'x36' front porch and a 16'x20' patio. This Amish style home has indoor plumbing including 2 full baths. The large kitchen and summer kitchen have custom oak cabinets, flooring is glazed 0SB except in baths, pantry, and summer kitchen that have linoleum. Also includes an 8'x8'x36' cistern under front porch. Other improvements include a 34'x74' barn with new foundation, metal roof and siding, lofted on each end, a 40'x60' shop & tool shed, and a 14'x20' chicken coop. An approximately 3/4 acre pond is 8 years old, well stocked, and located just north of the home.

AREA MAP

TRACT MAP(S)

Tract map - REAL ESTATE AUCTION - Country Home, Many Outbuildings, Stocked Pond and Tillable Land

PLAT MAP(S)

Plat map - REAL ESTATE AUCTION - Country Home, Many Outbuildings, Stocked Pond and Tillable Land

AUCTION TERMS & CONDITIONS

PROCEDURE: The property will be offered in 3 individual tracts, combinations of tracts and as a total 40-acre unit. There will be open bidding on tracts, combinations and the total during the auction as determined by the Auctioneer. Bids on individual tracts, tract combinations and the total property may compete.

DOWN PAYMENT: 10% down payment on the day of the auction. The down payment may be made in the form of cashierÃ