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ABSOLUTE AUCTION - 15.2+/- ACRES OFFERED IN 3 TRACTS IN BOONE & HAMILTON COUNTIES, INDIANA
Sat, Jan 21, 10:00 AM
Carmel & Zionsville, Indiana - Boone & Hamilton Counties, Indiana

Owner: Pittman family et al

SOLD FOR $1,977,600

• 15.2 Acres offered in 3 Tracts • Court Ordered Absolute Auction • No Reserve! • 3 Stunning Properties • Large Contemporary Home & Party Barn (Tract 1 & 2) • Charming Log Cabin w/stocked Pond & Pole Barn (Tract 3)

OPEN HOUSE/INSPECTION DATES
Sunday, January 8 from 1-4PM
Sunday, January 15 from 1-4PM

PROPERTY LOCATION
Tract 1: 201 W. 106th St., Carmel, Indiana
Tract 2: 340/341 Sanner Court, Carmel, Indiana
Tract 3: 11677 Sycamore St., Zionsville, Indiana

AUCTION LOCATION
The Party Barn at 340/341 Sanner Court, Carmel, IN 46290

TRACT DESCRIPTIONS
Tract 1: 5.7± ac 201 W 106th Street, Carmel
Sprawling ranch home nestled on over 5 acres in a convenient West Carmel location. Bright and open floor plan with generous room sizes, custom ceilings and built-ins, floor to ceiling windows and much more. Lovely kitchen leads to enormous rec room with wet bar and separate entrance. Large master suite, walkout lower level, 4 car garage and more!

Tract 2: 2.7± ac 340/341 Sanner Court, Carmel
One-of-a-kind log barn with pool, tennis court, playground, and an indoor basketball and racquetball court! Unbelievable interior with two large recreation rooms and kitchens, custom stone fireplace, oversized windows, loft area and much more. Pool house has screened porch and gazebo. Gated entrance with tons of parking.

Tract 3: 6.8± ac 11677 Sycamore Street, Zionsville
Breathtaking retreat with log cabin in the woods, pole barn, outdoor entertaining area with fireplace and tranquil pond. Cabin boasts cathedral ceilings with exposed beams, floor to ceiling windows with wooded views, open concept kitchen with upscale stainless appliances and granite island, 1 bedroom, 3 full baths, 3 fireplaces, walkout lower level.

BROKER PARTICIPATION: Any broker actively licensed in Indiana whose agent properly registers the successful buyer will be paid a 3% commission based on the final verbal bid price at settlement. The agent must attend the sale and co-register with the prospect on auction day. Brokers should register with the Auction Sale Manager, John Stewart, no later than 10am, Friday, January 20, 2017. Contact John at: 317-496-4033 for a Buyer Broker Registration Form.

• TRACTS 1-2
  
• TRACT 3
  

COURT ORDERED ABSOLUTE REAL ESTATE AUCTION TERMS AND CONDITIONS:

PROCEDURE: There will be open bidding during the auction as determined by the auctioneer.

DOWN PAYMENT: 10% of the accepted bid as earnest money on the day of the auction with balance in cash at closing. The earnest money may be in the form of 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.

APPROVAL 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 auction is Absolute and the final bid price shall be accepted.

DEED: Seller shall provide a Personal Representatives/Agents Deed.

EVIDENCE OF TITLE: Seller shall provide Title Insurance in the amount of the purchase price.

CLOSING: Closing shall take place 30 days after the Auction.

REAL ESTATE TAXES: Pro-rated to day of closing

SURVEY: There will be no survey; the property shall be deeded with the existing legal descriptions.

EASEMENTS: The sale of the property is subject to any and all easements of record.

DISCLAIMER AND ABSENCE OF WARRANTIES: All information contained in this brochure and all related materials is subject to the Terms and Conditions outlined in the Purchase Agreement. The property is being sold on an 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. Each potential bidder is responsible for conducting his or her own independent inspections, investigations, inquires, and 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. All sketches and dimensions in this brochure are approximate. Except for any express warranties set forth in the sale documents, purchaser(s) assumes all risks thereof and acknowledges that in consideration of the other provisions contained in the sale documents, Seller and the Auction Company make no warranty or representation, express or implied or arising by operation of law, including an warranty of merchantability or fitness for a particular purpose of the property, or any part thereof, and in no event shall Seller or the Auction Company be liable for any consequential damages. Conduct of the auction and increments of bidding are at the direction and discretion of the auctioneer. The Seller and the Auction Company 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.

ANNOUNCEMENTS MADE BY THE AUCTION COMPANY AT THE AUCTION PODIUM DURING THE TIME OF THE SALE WILL TAKE PRECEDENCE OVER ANY PREVIOUSLY PRINTED MATERIAL, OR ANY OTHER ORAL STATEMENTS MADE.