7 Acres
Track 2: Each tract is 7 +/- acres of tillable ground That offers approximately 219’ of frontage each on County Road 35. Soil types are Blount loam interlobate moraines and Pewamo silty clay. These tracts could possibly make great building sites.
There are no bids for the lot at this time
REAL ESTATE DESCRIPTON
County Road 35, Auburn, In 46706
Total Acres: This 40-acre farm up for auction is a prime agricultural property with fertile, tillable land and a mix of woods, offering a diverse range of possibilities for potential buyers. Divided into three tracts, the property is located in a picturesque rural area, with easy access to Auburn and Fort Wayne.
Tract 1 & 2: Each tract is 7 +/- acres of tillable ground That offers approximately 219’ of frontage each on County Road 35. Soil types are Blount loam interlobate moraines and Pewamo silty clay. These tracts could possibly make great building sites.
Tract 3: 25 +/- acres offering 17 acres of tillable ground and the 8-acre balance is wooded. This tract offers approximately 219’ of frontage on County Road 35. Soil types are Blount loam interlobate moraines and Pewamo silty clay. This tract could make a perfect building site or just a weekend getaway to the woods.
Auction to be held at the Spencerville Community Club Building. 5629 County Road 68
Spencerville, IN, 46788
May 23rd@ 6:00 p.m.
NOT SUBJECT TO APRAISAL OR FINANCING. ALL SALES ARE FINAL AND SOLD AS IS.
*There will be a 2% buyer’s premium to be paid at closing.*
Real Estate Auction Terms
County Road 35, Auburn, In 46706
Procedure: The property is being offered by absolute public auction in 3 individual tracts, any
combination of tracts or as a whole farm. There is a total of 40+/- acres. There will be open live
bidding and simulcast bidding available at the same time. Bidding will start with individual
tracts, as a whole farm and then offered in combinations. This property can be sold in any way
to net the Seller the highest amount. There will be a 3-minute stopwatch used at the end of the
sale to determine when we end the sale.
Agency: Bartkus Auctioneers Company and its representatives are exclusive agents of the
Seller.
Down Payment: 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 a cashier’s check, personal check, or corporate
check. Your bidding is not conditional upon financing so be sure you have arranged financing if
needed.
Acceptance of bid: This is an absolute public auction and will be sold to the highest bidder or
bidders at the close of the auction. The Successful bidder or bidders will be required to enter
into a purchase agreement at the auction site immediately following the close of the auction.
Farming Rights: The Buyer will assume the current lease with Thrush Farms LLC and receive all
rental proceeds related to 2023.
Evidence of Deed and Title: Seller shall provide a deed and owners title insurance policy in the
amount of the purchase price at closing.
Closing: The balance of the purchase price is due at closing which will take place within 40 days
or 15 days of presentation of insurable title. Closing costs for an insured closing shall be split by
the Seller and Buyer 50/50.
Possession: Possession shall be the day of closing immediately after closing on all tracts.
Real Estate Taxes: Real estate taxes will be assumed by the Buyer up to the day of closing.
Taxes on the entire farm are $599.14 for 2023 taxes. There are no exceptions currently.
Acreage: All tract acreages, dimensions and proposed boundaries are approximate and have
been estimated based on aerial photos and current legal descriptions.
Survey: A new boundary survey will be completed only if this is sold in tracts. The Seller shall
order the survey. The cost of the survey will be split by the Buyer and Seller 50/50. If this is sold
as a whole farm, the existing legal descriptions shall be used.
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 260-715-9797. BIDDER PRE-REGISTRATION STRONGLY
ENCOURAGED!
NOT SUBJECT TO APRAISAL OR FINANCING. ALL SALES ARE FINAL AND SOLD AS IS. ANY
ANNOUNCEMENTS MADE OF THE DAY OF THE SALE TAKE PRECEDENCE OVER PRINTED
MATERIAL OR ANY OTHER ORAL STATEMENTS MADE.
*There will be a 2% buyer’s premium to be paid at closing. *
Auction to be held at Spencerville Community Club: 5629 CR 68, Spencerville, In 46788