• Highly Productive Farmland • Rolling Wooded Site • Potential Secluded Building Sites • Excellent Hunting & Recreation
100 Acres Offered in 7 Tracts
Whitley County, Indiana
Owner: James & Helen M. Lude Estate Thu, Sep 2, 2010 EASTERNAUCTION IS OVER
OPEN HOUSE/INSPECTION DATES
Walkover Inspections welcome anytime.
PROPERTY LOCATION
From the west side of Columbia City, IN, at the intersection of Co. Rd. Old Trail and Lincolnway, travel west approximately 4 miles on Old Trail to property, or west of Columbia City, IN on US 30 approximately 4 miles to Co. Rd. 400 W, then south approximately 1 mile to Co. Rd. Old Trail, then west 1/2 mile to property.
AUCTION LOCATION
Eagle’s Nest Event Center. Located at State Road 205 East, Columbia City, in Eagle Glen Addition.
TRACT DESCRIPTIONS
Tract 1: 24± ac very level, highly productive tillable farmland. Access via 50 ft. owned access off of Co. Rd. 475 W.
Tract 2: 13.5± ac of tillable land, very productive, drainage possibilities with creek thru tract. This tract is a swing tract and will need to be combined with Tracts 1, 2 or 3. Investigate to combine to make your dream country estate or 37+ acres productive tillable piece.
Tract 3: 9± ac rolling wooded tract. Large trees. Possibly combine with Tract 4 for 23 acre property with combination tillable and wooded. Frontage on both Co. Rd. 475 W and Co. Rd. 100 S.
Tract 4: 7.5± ac rolling, wooded and tillable tract. Possible building site or use for recreation. Frontage on Co. Rd. 100 S.
Tract 5: 9± ac sparsely wooded tract. Excellent hunting and recreation. Frontage on Co. Rd. 50 S.
Tract 6: 20± ac of tillable land currently planted in hay and grass. Very rolling. Possible exceptional building site on north end with elevation for view and privacy. Frontage on Co. Rd. 50 S.
Tract 7: 15.5± ac tillable with 20% wooded. Nice elevation. Pristine possible building site. Don’t miss this tract! Frontage on Old Trail.
AREA MAP
TRACT MAP(S)

PROCEDURE: The property will be offered in 7 individual tracts, any combination of tracts with swing tract limitations, or as a total 100±-acre unit. There will be open bidding on all tracts and combinations during the auction as determined by the Auctioneer. Bids on tracts, tract combinations and the total property may compete.
DOWN PAYMENT: Real Estate 10% 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; 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: Successful bidder(s) 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 acceptance or rejection.
EVIDENCE OF TITLE: Sellers shall provide an owner’s title insurance policy in the amount of the purchase price.
DEED: Sellers shall provide Personal Representatives Deed.
CLOSING: The balance of the real estate purchase price is due at closing, which will take place within 15 days of presentation of marketable title. Costs for an insured closing shall be shared 50:50 between Buyer and Seller.
POSSESSION: Non-tillable at closing. Cropland possession upon removal of crops.
REAL ESTATE TAXES: Real Estate Taxes shall be pro-rated to the date of closing.
ACREAGE: All boundaries are approximate and have been estimated based on current legal descriptions.
SURVEY: A new survey will be made where there is no existing legal description or where new boundaries are created by the tract divisions in this auction. Buyer(s) and Seller will share survey expenses 50:50. Combination purchases will receive a perimeter survey only. Closing prices will be adjusted to reflect any differences between advertised and surveyed acreage’s except on tracts with less than 10 acres.
AGENCY: Schrader Real Estate and 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