114 +/- ACRE FARM AUCTION

114 +/- ACRE FARM AUCTION

Total Acres: There are 114+/- acres located in Northwest Allen County that will be sold at public auction without reserve. There will be 6 tracts offering everything from building sites, tillable ground, existing home sites, and wooded areas to timber or wetlands for an outdoorsman’s dream.  
  •   Feb 18 @ 6:00PM EST (Start)
  •   Feb 18 @ 9:00PM EST (End)
  •   Add to Calendar

 

 

18917 Wappes Road, Churubusco, In 46723

Total Acres: There are 114+/- acres located in Northwest Allen County that will be sold at public auction without reserve. There will be 6 tracts offering everything from building sites, tillable ground, existing home sites, and wooded areas to timber or wetlands for an outdoorsman’s dream.

Tract 1: There are 7+/- acres that could be a buildable lot that will offer a high spot to locate your walkout or daylight basement home. This lot is bordered on the west and south side with a ditch for drainage. Currently used as a hay field. There is roughly 190’ of road frontage.

Tract 2: There are 38+/- acres located on this parcel. 17 acres of this parcel is buildable and with nearly 285’ of frontage it could allow for multiple building sites. The remaining 21 acres is bottom ground that is restricted to tillable uses. There are 6.71 acres of this that is currently enrolled in the USDA CRP with 7 years left. This contract pays $1411 per year. Buyer will assume the remainder of this contract.

Tract 3: There are 2+/- acres with a 1280 sq. ft. 3 bedroom 1 bath home on a full unfinished basement. This property currently generates $600 per month rent and offers a 2 car detached garage and a 24 x 48 steel outbuilding/ shop. There will be roughly 300’ of road frontage. This home is currently rented and renters would like to remain as tenants if possible otherwise they will have 60 days after closing to remain.

Tract 4: There are 28.5+/- acres with this parcel. Of this there is approximately 4.5 acres of hardwoods that is high ground which could be a potential building site or timber sales. The remaining acreage is bottom ground that is restricted to tillable uses. There is approximately 120’ of road frontage on this tract.  

Tract 5: There are 5+/- acres that hold a 40 x 63 steel outbuilding, 36 x 74 bank barn, 30 x 30 steel lean too for storage, 4” private well, its own electric service, 5000 bushel grain bin w/blower & heater and a 4000 bushel grain bin w/ blower. (Propane tank does not remain). With approx. 475’ frontage, a 40 x 100 slab for livestock and elevation here this tract offers many uses even a possible building site.

Tract 6: There are 33.5+/- acres that offer a paradise for the outdoorsman. This tract allows you access to some of the most pristine wetlands in Allen County that harbor waterfowl and deer. It offers you to 11 acres of the contiguous 121 acres know as white lake area. The remaining acreage is restricted to tillable uses or hunting.  

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

18917 Wappes Road, Churubusco, In 46723

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 financing 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 acceptance or rejection.

Evidence of Title: Seller shall provide an owners 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. Closing costs shall be split by the Seller and Buyer 50/50.

Possession: Possession shall be the day of closing immediately after closing on tracts 1, 2 4 & 6. Tenants will retain possession on Tract 3 for 60 days after closing paying $600 per month to the new Buyer of such tract. The Sellers shall retain possession of the outbuildings on tract 5 for 90 days after closing. The propane tank on tract 5 is not included in this sale.

Grain Bins: The 5000 bushel grain bin on top the hill, blower & heater is in working condition. The 4000 bushel grain bin at the bottom of the hill, blower works but not sure on the heater. Seller keeps possession of the grain bins until August 15, 2020.   

10 year program: Tract 2 contains 38+/- acres. Of this area, there is currently 6.71 acres enrolled in the USDA CRP that generates $1411.00 per year. The Buyer of this tract will assume the remaining 7 years left of this contract and visit the USDA office in Albion to prove ownership.

Real Estate Taxes: Real estate taxes will be prorated to the day of closing. There are no current exemptions on this property.

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.

 

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.*