LIVE & Simulcast Multi Par Auction - 3080 County Road 37, Waterloo, IN 46793
Open Houses: Sunday, July 25th, August 1st & 8th, 1-3 PM
Live Auction will be held @ 11595 E. State Road 205, Laotto IN 46763 on August 12 at 6 PM.
3080 County Road 37, Waterloo, In 46793
Total Acres: There are 53.78+/- acres located in Waterloo, Indiana, DeKalb County that will be sold at public auction without reserve. There will be 8 tracts offering everything from building sites, tillable ground, and a beautiful existing country ranch home on a full walkout basement that offers over a total of 4000 sq .ft., outbuilding and many wooded areas to timber or wildlife habitat for an outdoorsman’s dream.
Tract 1: 4.46+/- acres offers approx. 383 feet of road frontage on CR 37. Country log home built in 1986 by Winkleman Log Homes with 3 bedrooms and 3 full baths, 1920 Sq. Ft. main level, open floor plan that also offers a 16 x 16 breeze way between the house and 3 car garage w/ a drive thru bay. This home is on a full walkout basement with 1920 sq. ft. below that also has a one car garage bay leading out back. Included in this tract is a 36 x 60 outbuilding with (4) overhead doors, hair salon area with a half bath and loft area above with an office.
Tract 2: 2.41+/- acres offers 60 feet of frontage on CR 37. This could make the perfect building site for your next home or addition to tract 1.
Tract 3: 11.21+/- acres offers 60 feet of frontage on CR 37. This tract leads you back to beautiful setting surrounded by a stream and approximately 3 acres of hardwoods and the balance is tillable.
Tract 4: (Swing): 5.22+/- acres of hardwoods and trails. This tract could be purchased in combination with tracts 1, 3 or 5.
Tract 5: 6.89+/- acres of open tillable ground that offers approx. 286 feet of road frontage on CR 37. This tract could be a perfect building site.
Tract 6: 6.89+/- acres of open tillable ground that offers approx. 286 feet of road frontage on CR 37. This tract could be a perfect building site.
Tract 7: 7.43+/- acres of open tillable ground that offers approx. 75 feet of road frontage on CR 35 and could make a perfect building site.
Tract 8: 9.27+/- acres of open tillable ground that offers approx. 75 feet of road frontage on CR 35 and could make a perfect building site.
Auction to be held at Bartkus Auctioneers Gallery: 11595 State Road 205, Laotto, IN 46763
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
Thursday, August 12th, 2021 – 6:00 PM
3080 County Road 37, Waterloo, Indiana, 46793
Procedure: The property is being offered by public auction without reserve in 8 individual tracts, any combination of tracts or as a whole farm. There are a total of 53.78+/- acres included within 5 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 4 must be sold in combination with tract 1, 3, 5 or sold to an adjoining land owner. There will be a 3 minute timer 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 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 a public auction with reserve and will be sold to the highest bidder or bidders at the close of the auction if the Sellers accept the final bid amount. 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.
Buildable Tracts: Tracts 2, 3, 5, 6, 7 & 8 are being sold as possible building lots. Buyers are responsible for obtaining any soil tests needed to comply with the DeKalb County Board of Health Septic Requirements or the town of Waterloo but the sale is not subject to test results.
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 30 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 1. The Sellers will retain possession of tract 1 until after they have held the live auction for personal property on August 28th.
Real Estate Taxes: Real estate taxes will be prorated to the day of closing. There is a Homestead exemptions on tracts 1 with taxes being $2360.48 & a total for all 5 deeded lots is $3249.62 for 2020-2021.
Acreage: All tract acreages, dimensions and proposed boundaries are approximate and have been estimated based on aerial photos and current legal descriptions. Any divisions of this property must be approved by DeKalb county planning and the town of Waterloo.
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 but still split 50/50 with the Sellers.
Septic Tank: The current septic tank on tract 1 will be pumped before closing and a receipt given to the new Buyer.
Home Warranty: The home on Tract 1 is being sold “As-is” in its current condition. The Sellers are providing a 1 year Residential Home Warranty provided by Residential Warranty Service, Inc.
Parking: Parking may be limited at the auction gallery. You may park in the grass but absolutely no parking in front of the Laotto Fire Dept. Doors.
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 2% buyer’s premium to be paid at closing.*
Auction to be held at Bartkus Auctioneers Gallery: 11595 State Road 205, Laotto, In 46763