11823 Coldwater Rd - Bartkus Auctioneers
11823 Coldwater Rd
Lot Number:12
Completed
Start Time:5/5/2022 9:30:00 PM
End Time:5/6/2022 12:25:00 AM
Bid Count:0
Winning User:
Starting Bid:$20,000.00
Bid Increment:$1,000.00
Current Bid:$20,000.00
No donations for this lot

Procedure: These properties are being offered by public auction with reserve in thirteen individual tracts, any combination of tracts or all the properties to one buyer. There are four owners of these properties. Live and simulcast bidding available during the auction. Bidding will start with individual tracts then as a whole and then offered in combinations. These properties can sell in any way to net the Sellers the highest amount. There will be a 3-minute timer used towards the end of the sale to determine when the auction ends.

Agency: Bartkus Auctioneers Company and its representatives are exclusive agents of the Sellers.

Down Payment: 5% Down Payment on the day of auction with the balance in cash at closing. The down payment can be in the form of cashier’s check, personal check, or corporate check. Your bidding is not subject to financing or condition of the dwellings so be sure you have arranged financing if needed and can pay cash at closing.

Acceptance of bid: This is an auction with reserve. The Sellers have the right to accept or reject any bids. The Successful bidder or bidders will be required to enter into a purchase agreement at the auction immediately following the close of the auction and be prepared to deliver the down payment.

Buyer's Premium: 3% to be paid by buyer at closing.

Tenants Rights: The current tenants in these homes are under contract to rent. The new owner will receive any deposits at closing. This applies to tracts 1, 2, 4, 5, 6, 7 & 12. The Buyer will continue to rent until the contract date on the lease at the contracted monthly rental amount. Refer to terms and conditions on each individual tract.

Evidence of Deed and Title: Seller shall provide a deed and owners title insurance policy in the amount of the purchase price on each individual tract at closing.

Closing: The balance of the purchase price is due at closing which will take place within 45 days or 15 days of presentation of insurable title. Closing costs for an insured closing will be split by the Seller and Buyer 50/50.

Possession: Possession shall be the day of closing on all tracts except tracts 2, 3, 8, 11 & 12. The Sellers will retain possession of tract 3, 8 and 11 until December 31st, 2022, to allow for those owners to relocate. Occupants in tracts 2 & 12 need 60 days after closing.

Real Estate Taxes: Real estate taxes will be prorated to the day of closing. There are current exemptions on tracts 3 & 8 including the Homestead exemption. 2022 taxes will be listed on each individual tract’s terms.

Survey:  A new boundary survey will be completed only if needed. The Seller shall order the survey. The cost of the survey will be split by the Buyer and Seller 50/50. If multiple tracts are purchased by a Buyer, the tracts will all still have individual closings.

Septic Tank:  The current septic tank on tract 11 is still operable and sold as is.  

 

Online Bidding Available: You may bid online during the auction at www.bartkusauctioneers.com. You must register & submit a bank letter 24 hrs in advance of the auction for your bids to be approved. For online bidding information, call Bartkus Auctioneers at 260-433-8117. BIDDER PRE-REGISTRATION STRONGLY ENCOURAGED!

NOT SUBJECT TO APRAISAL OR FINANCING. ALL SALES ARE FINAL AND SOLD AS IS.  ANY ANNOUNCEMENTS MADE THE DAY OF THE SALE TAKE PRECEDENCE OVER PRINTED MATERIAL OR ANY OTHER ORAL STATEMENTS MADE.

1601 W Cedar Canyons Road
Fort Wayne, Indiana 46845
United States

A total of 13 individual tracts will be sold at public auction with reserve. You may purchase individual tracts, combinations or all tracts may be sold to one Buyer.

All of these properties are located in Northwest Allen County. Tracts 1 thru 11 are near the corner of Dupont and Lima Road. Tracts 12 thru 13 are located on Coldwater Road just south of Union Chapel.

These tracts are currently zoned residential and offer great commercial potential. The daily traffic count on Dupont and Coldwater Road is over 16,000 vehicles per day and Lima Road is 35,771 per day.   

There is a total of 1262 feet of frontage on Dupont Road and 260 feet on Coldwater Road.

The average population in a 5-mile radius is over 87,000 with an average household income of over $82,000 per year.

These tracts are located in the Dupont corridor within a couple miles from the I-69 interstate, Parkview hospital and within 14.5 miles from the Fort Wayne International Airport

In 2021 Fort Wayne was rated in the top 5 places in the US for doing business

Tract 1:  1608 W. Dupont Road, Fort Wayne, In 46825. Parcel# 020232380020000091. 1211 Sq. Ft ranch on a crawl space with 2 bedrooms, 2 baths, 2 car garage, 100’ of frontage on Dupont Road and a .41-acre lot. This Tract has commercial potential, rents for $1025 per month and the lease expires 1/24/2023. There is a $900 security deposit being held that will be given to the Buyer. Possession on this Tract will be at closing.

Tract 2:  1602 W. Dupont Road, Fort Wayne, In 46825. Parcel# 020232380022000091. 1348 Sq. Ft ranch on a crawl space with 3 bedrooms, 1 bath, 2 car garage, 100’ of frontage on Dupont Road and a .38-acre lot. This Tract has commercial potential. Possession on this Tract will be 60 days after closing.

Tract 3:  1532 W. Dupont Road, Fort Wayne, In 46825. Parcel# 020232380023000091. 1348 Sq.  ranch on a crawl space with 3 bedrooms, 1 bath, 2 car garage, 100’ of frontage on Dupont Road and a .38-acre lot. This Tract has commercial potential, occupant owned. Possession on this Tract will be on or before Dec 31, 2022. The Seller will live here rent free during this time but will be responsible for utilities.

Tract 4:  1522 W. Dupont Road, Fort Wayne, In 46825. Parcel# 020232380020000091. 1211 Sq. Ft. ranch on a crawl space with 2 bedrooms, 2 baths, 2 car garage, 100’ of frontage on Dupont Road and a .41-acre lot. This Tract has commercial potential, rents for $675 per month and the lease expires 2/01/2023. There is a $600 security deposit being held that will be given to the Buyer. Possession on this Tract will be at closing.

Tract 5:  1514 W. Dupont Road, Fort Wayne, In 46825. Parcel# 020232380024000091. 1448 Sq. Ft ranch on a crawl space with 3 bedrooms, 1 bath, 2 car garage, 100’ of frontage on Dupont Road and a .38-acre lot. This Tract has commercial potential, rents for $745 per month and the lease expires 5/02/2022. There is no security deposit being held. Possession on this Tract will be at closing.

Tract 6:  1502 W. Dupont Road, Fort Wayne, In 46825. Parcel# 020232380025000091. 1008 Sq. Ft ranch on a crawl space with 3 bedrooms, 1 bath, 2 car garage, 100’ of frontage on Dupont Road and a .38-acre lot. This Tract has commercial potential, rents for $1099 per month and the lease expires 7/29/2022. There is a $1000 security deposit being held that will be given to the Buyer. Possession on this Tract will be at closing.

Tract 7:  1438 W. Dupont Road, Fort Wayne, In 46825. Parcel# 020232380026000091. 1320 Sq. Ft ranch on a crawl space with 3 bedrooms, 1 bath, 1 car garage, 100’ of frontage on Dupont Road and a .38-acre lot. This Tract has commercial potential, rents for $1099 per month and the lease expires 7/01/2022. There is a $1300 security deposit being held that will be given to the Buyer. All electric and on a well. Possession on this Tract will be at closing.

Tract 8:  1420 W. Dupont Road, Fort Wayne, In 46825. Parcel# 020232380027000091. 1536 Sq. Ft tri level with 3 bedrooms, 2 bath, 2 car garage, 100’ of frontage on Dupont Road and a .38-acre lot. This Tract has commercial potential, occupant owned. Shed in the back yard does not remain. Possession on this Tract will be on or before Dec 31, 2022. The Seller will live here rent free during this time but will be responsible for utilities.

Tract 9:  1378 W. Dupont Road, Fort Wayne, In 46825. Parcel# 020232380029000091. .41-acre 112 X 160 vacant lot. This Tract has commercial potential. Possession on this Tract will be the day of closing.

Tract 10:  1342 W. Dupont Road, Fort Wayne, In 46825. Parcel# 020232380029000091. 1800 sq. ft ranch on a 1200 sq. ft. walk-out basement and crawl space with 3 bedrooms, 2 baths, 2 car garage, 150’ of frontage on Dupont Road and a .549-acre lot. This Tract has commercial potential and is vacant. Possession on this Tract will be at closing.

Tract 11:  1202 W. Dupont Road, Fort Wayne, In 46825. Parcel# 020232453016000091. 1040 sq. ft ranch on a 1040 sq. ft. walk-out basement serviced by a well and septic. 3 bedrooms, 2 baths, 2 car attached garage, and 2 car detached garage. 200’ of frontage on Dupont Road and a .65-acre lot. This Tract has commercial potential and is vacant. Possession on this Tract will be 45 days after closing.

Tract 12:  11823 Coldwater Road, Fort Wayne, In 46845. Parcel# 020233226007000091. 2084 sq. ft ranch on a 1440 sq. ft. basement. 3 bedrooms, 2 baths, 145’ of frontage on Coldwater Road and a 1.17-acre lot. This is on a septic. This Tract has commercial potential.  Possession on this Tract will be 60 days after closing.

Tract 13:  11908 Coldwater Road, Fort Wayne, In 46845. Parcel# 020227357002000091. 674 sq. ft ranch on a 674 sq. ft. basement. 3 bedrooms, 1 bath, 2 car garage, 117’ of frontage on Coldwater Road and a 1.0-acre lot. City sewer and city water. This Tract has commercial potential and is vacant. Possession on this Tract will be at closing.