LIVE & SIMULCAST McComb Rd Multi Par Auction
Open House: March 28, April 11 & 18, 1-3 PM
Click here to view these wonderful properties & all the potential!
Total Acres: There are 130+/- acres located in Northwest Allen County that will be sold at public auction without reserve. There will be 9 tracts offering everything from building sites, tillable ground, and a beautiful existing 5000 sq. ft. ranch home on a full walkout basement, outbuilding and many wooded areas to timber or wildlife habitat for an outdoorsman’s dream.
Tract 1-3: 2.93 +/- acres of tillable ground. They each offer approximately 243’ of frontage on McComb Road. These three tracts could possibly make great building sites. No Modular or Mobile homes shall be allowed.
Tract 4: 4.63 +/- acres offering 2.5 acres of tillable ground and the balance is wooded. If this tract is purchased on its own, there will be a 25’ wide deeded easement to McComb Road. This tract could possibly make a great wooded building site. No Modular or Mobile homes shall be allowed.
Tract 5: 30.36 +/- acres offering 6.5 acres of wooded ground that surrounds a 1999 custom built ranch home with nearly 5000 sq.ft., 3 bedrooms, 3 ½ baths, full walkout basement, two full kitchens, 2 fireplaces, Graber custom cabinets, (2) 200 amp electric services for the house and 30 x 40 outbuilding. This home includes so much storage, three car attached garage, Geothermal heating and cooling, back up wood burning furnace, security system, split floor plan and so much more.
Tract 6 (Swing): 22.61 +/- acres of hardwoods that border the Yant Ditch. This offers elevation changes, abundant wildlife such as deer, wild turkeys and marketable timber. The tract must be sold in combination with tract 5 or to an adjoining landowner.
Tract 7: 9.63 +/- acres of open tillable ground. Morley Silt Loam, Pewamo Silt & Houghton Muck soils. This tract will be reached by a 25’ wide easement from McComb Road and through tract 1. Primarily farm & recreational use.
Tract 8 (Swing): 41.43 +/- acres of tillable ground consisting of Bount Silt, Morley Silt and Washtenaw Silt soils. This offers 5.5 acres of marketable timber. The crop yields have proven to be an average of 42 BU per acre beans and 132 BU per acre corn. Abundant wildlife habitat. This tract must be purchased in combination with tract 7 or to an adjoining landowner.
Tract 9 (Swing): 14.34 +/- acres of marketable hardwoods including, white oak, red oak, walnut, hard maple and cherry. This offers large elevation changes, drainage creeks leading into some pristine wetland areas great for water fowl, deer & wild turkey hunting. This tract must be purchased in combination with tract 7 & 8 or to an adjoining landowner.
Note: Any easements can be removed from this sale if not needed. This will be based on how the tracts are purchased.
Procedure: The property is being offered by absolute public auction in 9 individual tracts, any combination of tracts or as a whole farm. There are a total of 130+/- acres included within 4 separate parcels. 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. Tract 6 must be sold in combination with tract 5 or sold to an adjoining land owner. Tract 8 must be sold in combination with tract 7 or to an adjoining land owner. Tract 9 must be sold in combination with tract 7 & 8 or to an adjoining land owner.
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 cash, cashier’s 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: 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.
AEP Supplemental Easement and Right Of Way: Tracts 4, 5, 7 & 8 have a 130’ wide easement running across them that will include terms that a new property owner will need to abide by. This easement area will restrict any permanent building, structure or improvement to be put in this area.
Farming Rights: The current farmer has this farm under contract to farm the 2021 year. The new owner will receive 1/3 of the proceeds by the end of 2021. This applies to tracts 4, 5, 7 & 8.
Easements: There will be a 25’ wide easement granted to access tract 7 through tract 1 and a 25’ wide easement granted to access tract 4 through tract 5 if needed. If these easements are needed the Buyer of tract 5 will have a full year from the closing date to have their own driveway installed if desired. In the event this is sold as a whole farm, there will not be any easements needed.
Electrical Service Easement: There is a primary electrical service easement that runs through the rear of tract 4 to run power to the residence on tract 5. This easement has been put there through Northeastern REMC and will remain.
Buildable Tracts: Tracts 1, 2 & 3 are being sold as possible building lots. Allen County Building department will issue one building permit per year on these three tracts because they are being split off one parcel number. This will be a first come first serve basis. Tract 4 is located on a different parcel and will not apply to any such restrictions. Buyers are responsible for obtaining any soil tests needed to comply with the Allen County Board of Health Septic Requirements but the sale is not subject to test results. All four of these tracts will have restrictions that will apply that there will be no Mobile or Modular homes to be put on them.
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 except tract 5. The Sellers will retain possession of tract 5 until 45 days after closing to allow for the personal property auction.
Real Estate Taxes: Real estate taxes will be prorated to the day of closing. There are current exemptions on tract 5 including the Homestead, Over 65 and Geothermal exemptions. 2020 taxes on tract 5 were $3771.36.
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 and accepted by the new Buyer and no new survey provided.
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.
*There will be a 3% buyer’s premium to be paid at closing.*