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REAL ESTATE & PERSONAL PROPERTY AUCTION - 24.8+/- ACRES OFFERED IN 2 TRACTS IN WHITLEY COUNTY, INDIANA
Real Estate Sat, Apr 14, 11:00 AM
Personal Property at 10:00 AM
Columbia City, Indiana - Whitley County

Owner: Dennis & Jewel Martin

SOLD FOR $405,000

• PERSONAL PROPERTY TO SELL @ 10AM - REAL ESTATE TO SELL @ 11AM • 24.8+/- Acres offered in 2 Tracts • 3,174 sq. ft., 1 Story Home w/finished walk-out basement • Tractors • Backhoe • Mowers • Cadillac Car • Farm & Livestock Related • Furniture • Misc. Household • West of Fort Wayne, IN approx. 8 miles • East of Columbia City IN approx. 6 miles • Excellent location with east access off of US 30

OPEN HOUSE/INSPECTION DATES

Thursday, March 15 from 4-6 pm
Sunday, March 25 from 2-4 pm
Sunday, April 8 from 2-4 pm
Or By Appointment

PROPERTY LOCATION
1099 S 600 E, Columbia City, IN 46725
From US 30 & Co Rd 600 E intersection, travel North on 600 E approx. 1.3 miles to property on the right.

TRACT DESCRIPTIONS
Tract 1: 4± ac which includes 3174 sq ft 1 story home w/finished walk out basement, home has 4 bedrooms, 2-1/2 baths, Immaculate kitchen w/Quartz counter tops, lots of cabinet space, full basement w/open concept, exercise room/extra bedroom, rec room, 352 sq ft full season room with great view, Masonary chimney w/wood stove which is incorporated into heating system, 232 sq ft of open porches. Home custom built construction, 2x6 walls extra insulation, 2017 bathroom remodel, 2011 new roof, 2012 kitchen countertops, yard is surrounded by large mature trees, picturesque setting w/great views. Do not miss a chance to buy a house that offers good privacy.
Tract 2: 20± ac tillable land partial pasture land. 2018 farming rights.


SOIL INFORMATION

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PROCEDURE: The property will be offered in 2 individual tracts, any combination of tracts and as a total 24.8+/- 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: Tract 1: If the home sells separate than a $10,000 down payment on the day of auction is required. Tract 2 or any combination bid, then 10% down is required. The down payment may be made 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.

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 owners 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 insured closing shall be shared 50:50 between Buyer(s) and Seller.

POSSESSION: Possession is at closing.

REAL ESTATE TAXES: Real estate taxes will be pro-rated

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 Bidders 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 Sellers option and sufficient for providing title insurance. Combination purchases will receive a perimeter survey only.

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 AS IS, WHERE IS basis, and no warranty or representation, either expressed or implied, concerning the property is made by the Seller or the Auction Company. All sketches and dimensions in the brochure are approximate. Each potential bidder is responsible for conducting his or her own independent inspections, investigations, inquiries, 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. Conduct of the auction and increments of bidding are at the direction and discretion of the Auctioneer. The Seller and Selling Agents 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.

ANY ANNOUNCEMENTS MADE THE DAY OF THE SALE TAKE PRECEDENCE OVER PRINTED MATERIAL OR ANY OTHER ORAL STATEMENTS MADE.