Real Estate LIVE Auction - 10121 E 400 S, LaOtto, IN

Begins Closing:

OPEN HOUSE: July 27th & 29th, August 3rd, 5th, 10th, 11th & 17th from 5-7 p.m.

Click here to view this beautiful country living.

BARN HOUSE GALORE!! This is your opportunity to own that piece of the country that you have been waiting for on 3.21 acres. Downsize or just starting out into this 2628 sq. ft. Home with 1 bedroom on the main floor and a loft area upstairs that could be a studio apartment or additional living space. This palace has everything you need on one floor with many wildlife views outback. deer and wild turkeys running free. Connected to the livable area is a 60 x 38 barn w/ loft for your storage or workshop area. Collect your home raised chicken eggs right outback! This home has a closed-loop geothermal heating/air system. Many amenities are 11 foot beamed ceilings, 10 x 6 walk-in pantry, 2 car attached garage w/ workspace, ceiling fans, custom built-in cabinets with seats, open concept, and a washer/ dryer hook up in the master walk-in closet! From your covered 24 x 12 patio you will have a breathtaking view of the pond and covered boat pier. This will be Sold at PUBLIC AUCTION on Tuesday, August 18th at 5:00 P.M.

Down Payment: $5000 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 to finance if needed and are capable of paying cash at closing.

Acceptance of bid: The Successful bidder will be required to enter into a purchase agreement at the auction site immediately following the close of the auction. The final bid is subject to the Sellers's acceptance or rejection. 

Evidence of Title: Seller shall provide an owner's title insurance policy in the amount of the purchase price.

Deed: Seller shall provide a Deed.

Closing: The balance of the purchase price is due at closing which will take place within 30 days of presentation of insurable title and installation of the new septic system. Closing costs shall be split by the Seller and Buyer 50/50. 

Possession: Possession shall be the day of closing immediately after closing. 

Real Estate Taxes: Real estate taxes will be prorated to the day of closing. There is a Homestead Exemption on this property. Yearly taxes are $1869.18. 

Survey:  A new boundary survey will be completed only if necessary for Title commitment or tracts that are split off the original parcel. The Seller shall determine any need for a new survey and shall order the survey. The cost of the survey will be split by the Buyer and Seller 50/50.


New Septic System: A new septic system will be installed before closing based on the specs provided by the Noble County Board of Health. 





*There will be a 2% buyer’s premium to be paid at closing.*

Auction to be held at 10121 E 400 S. Laotto, In 46763 7 P.M.