• Lakefront on the Promenade • Wooded Building Sites • Cottage • Revolvers • Pistols • Antiques
Real Estate & Personal Property Auction - Prime Lake Winona Lake Property
Warsaw, Indiana
Owner: Rene S. Nine Revocable Trust, 1st Source Bank, Agen Sat, Mar 20, 2010 EASTERNAUCTION IS OVER
OPEN HOUSE/INSPECTION DATES
REAL ESTATE PREVIEW:
Tuesday, February 23,2010 04:30 PM thru 06:30 PM
Sunday, February 28,2010 01:00 PM thru 03:00 PM
Sunday, March 14,2010 01:00 PM thru 03:00 PM
One Day Preview For Guns
Wednesday, March 17 • 4:30-6:00 PM
at the Tranzstar Building
PROPERTY LOCATION
From the intersection of US 30 & SR 15 at Warsaw, travel south on SR 15 (Detroit St.) 2.1 miles, cross Winona Ave. to Pope St, turn left to (McClellan St.) Country Club Rd. turn right 1.5 mi. to Winona Beach Dr. Turn left .4 mi. to Oak St. Turn left to Lakewood Ave. then left to Tracts 1 & 2. 560 E. Lakewood Ave., Warsaw, IN 46580
AUCTION LOCATION
From SR 15 & Winona Ave. in Warsaw, turn west (right) 1.25 miles to Tranzstar Building on right. 1406 W. Winona Ave., Warsaw, IN
PROPERTY DESCRIPTION
Auction Note: Access to Tract #2 is via right of way easement from Lakewood Ave. Access to Tract #3 is via right of way easement from Winona Beach Dr.
TRACT DESCRIPTIONS
Tract 1: 1± ac Panoramic views of Winona Lake. Enjoy 75' of lakefront on the Promenade, skiing, fishing and recreation on this all sports lake. A-frame cottage with loft and deck is included, or build your home on this large parcel.
Tract 2: 1.1± ac this tract has great lake views and is mostly wooded. Inspect the potential for building your new home. Entry to this Tract is from Lakewood Ave.
Tract 3: 0.8± ac All wooded with access from Winona Beach Drive. Potential building site.
EQUIPMENT & PERSONAL PROPERTY
Gun descriptions are to the best of our knowledge and are not guaranteed. Please call for additional pictures or visit our website. Hand guns will be processed through a dealer. Processing fees: $25.00 for one gun, $40.00 for two guns. Cigarette Lighter Colt's Patent Revolver, possible Army or Navy conversion Duelling Pistol - flint lock, engraved brass & carved wood Duelling Pistol - flint lock, engraved metal & carved wood British Transitional Pepperbox Revolver - hex barrel, .33 cal. Mie Rte de "Chatellerautz" Pistol - flint lock, Mie 1837 EM Marlin XX Standard 1873 Pocket Revolver, 7 shot, .22 cal. Forehand CW Worth Snub Nose Revolver, 5 shot, large cal., missing grips Ammo Belt, leather Hi-Standard Semi Automatic Pistol H-D Military, .22 cal. with holster Erfurt 1918 Military Luger, with handmade holster, 9 mm Leather Belt Smith & Wesson Revolver, .357 magnum J. Stevens A.& T. Co. Single Shot Pistol - line sight, .22 or .30 cal. rimfire J. Stevens A.& T. Co. Single Shot Pistol - tube sight, .22 or .30 cal. rimfire Smith & Wesson Revolver, .38 Special JC Higgins 4x Scope and 3 leather holsters Colt's PT F.A. Mfg. Co. Revolver, .32 cal., with holster Star B Echeverria Semi Automatic Pistol, .22 cal. Sharps 4 Shot Pepper-box Pistol,.30 cal. rimfire J. Stevens Arms Co. Long Rifle - Pistol, .22 cal. Savage Semi Automatic Pistol, .380 with clip New York Arms Co. Revolver - Colombian LF Action, 5 shot, .32 cal. Smith & Wesson Revolver , .32 cal. US Revolver Holster, G.& K. 1918 Smith & Wesson Revolver, .32 cal. Iver Johnson & Co. Safety Hammer Revolver, 5 shot, .32 cal. Harrington & Richardson Revolver - Pearl Handle, auto injecting, 6 shot, .32 cal. S & W ctg. Smith & Wesson Revolver, 6 shot, .32 cal. long ctg. Connecticut Valley Arms Derringer Kit, .45 cal. Colt's Revolver - interior hex barrel, Colt's Address Col. Sam Colt New York USA America, 5 shot, .38 cal. Iver Johnson Arms & Cycle Works Safety Hammerless Revolver, 5 shot, .32 cal. High Standard Mfg. Corp. Long Rifle - Sport King Pistol, .22 cal. Webley Enfield, BNP 3-1/2 Tons E.B.I., .38 cal. Baker Stove Works , Belleville, IL, Gas stove (propane) W.D. Allison & Co., Indianapolis, IN, Cabinet/server Acme Chest - South Bend, IN, (cedar chest) Buffet with mirror Small buffet Beveled mirror Porcelain top table (cream/blue) Porcelain top table (white/black) Wood box Book case with glass door panels Bowl, 2 plates, ceramic pieces
AREA MAP
TRACT MAP(S)
AREA MAP(S)
REAL ESTATE TERMS & CONDITIONS:
PROCEDURE: Tracts 1-3 will be offered in individual tracts, and in any combination of these tracts, or as a total unit. There will be open bidding on all tracts and combinations during the auction as determined by the auctioneer. The property will be bid in the manner resulting in the highest total sale price.
DOWN PAYMENT: 10% of the accepted bid as down payment on the of day the auction with balance in cash at closing. The down payment may be 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.
APPROVAL OF BID PRICES: All successful bidders will be required to enter into purchase agreements at the auction site immediately following the close of the auction. All final bid prices are subject to the Sellers acceptance or rejection.
DEED: Seller shall provide a Trustee's deed.
EVIDENCE OF TITLE: Seller shall provide title insurance in the amount of the purchase price.
CLOSING: Closing shall take place 15 days after proof of merchantable title.
POSSESSION: At closing.
REAL ESTATE TAXES: Taxes shall be pro-rated to the day of closing.
ACREAGE: All acreage is approximate and has been estimated based on current legal descriptions and/or aerial photos.
Lake Access: Concerning Tracts 2 & 3: Seller does not warrant or guarantee lake access. Purchaser is expected to conduct its own research and reach its own judgement. Preliminary study by Seller does not indicate whether the lots being sold herein do or do not have access to Winona Lake, IN. That question involves legal issues and factual information. Seller may continue to search for additional factual information that may be helpful in that analysis. Any additional information discovered that in the opinion of the Seller seems to relate to the existence or non existence of lake access, will be available at the auction.
SURVEY: A new survey shall be provided.
IMPOVEMENTS: The Improvements on Tract #1 are being sold as is with no warranty. Buyers should do their due diligence prior to bidding.
EASEMENTS: The sale of the property is subject to any and all easements of record.
DISCLAIMER AND ABSENCE OF WARRANTIES: All information contained in this brochure and all related materials is subject to the Terms and Conditions outlined in the Purchase Agreement. Tract acreage has been estimated based on aerial photographs. The property is being sold on an "AS IS, WHERE IS" basis, and no warranty or representation, either express or implied, concerning the property is made by the Seller or the Auction Company. Each potential bidder is responsible for conducting his or her own independent inspections, investigations, inquires, and due diligence concerning the property. The information contained in this brochure is subject to verification by all parties relying on it. No liability for its accuracy, errors, or omissions is assumed by the Seller or the Auction Company. All sketches and dimensions in this brochure are approximate. Except for any express warranties set forth in the sale documents, purchaser(s) assumes all risks thereof and acknowledges that in consideration of the other provisions contained in the sale documents, Seller and the Auction Company make no warranty or representation, express or implied or arising by operation of law, including an warranty of merchantability or fitness for a particular purpose of the property, or any part thereof, and in no event shall Seller or the Auction Company be liable for any consequential damages. Conduct of the auction and increments of bidding are at the direction and discretion of the auctioneer. The Seller and Auction Company reserve the right to preclude any person from bidding if there is any question as to the person's credentials, fitness, etc. All decisions of the auctioneer are final. ANY ANNOUNCEMENTS MADE THE DAY OF THE SALE TAKE PRECEDENCE OVER PRINTED MATERIAL OR ANY OTHER ORAL STATEMENTS MADE.
PERSONAL PROPERTY TERMS: Cash or check with proper I.D.
None at this time
