• 3 Building Sites • Near Potato Creek State Park
64.4 Acres in 3 Tracts
North Liberty, Indiana - St. Joseph County - Near Potato Creek State Park
Owner: Richard J. Borror, Jr. and Gail E. Borror Tue, Feb 8, 2011 EASTERNAUCTION IS OVER
OPEN HOUSE/INSPECTION DATES
Sunday, January 16 from 2-4 PM
Sunday, February 6 from 2-4 PM
Meet Auction Manager at Tract 1 & Sycamore Rd.
PROPERTY LOCATION
At the corner of SR 4 & Sycamore Rd and Rosewood Rd.
AUCTION LOCATION
North Liberty Community Center, 300 South Main St., North Liberty, Indiana at 6 PM
PROPERTY DESCRIPTION
Soil Investigation Reports are available on all three tracts.
The property is zoned Agriculture by the Area Planning Commission. Variance has been obtained for Tract 3 so it can qualify as a home building site. Tracts 1 & 2 also can be used for homesites.
All tracts lie in the John Glenn School Corporation.
TRACT DESCRIPTIONS
Tract 1: 13.2± ac at the Southwest corner of State Road 4 & Sycamore Road 1/2 mile East of North Liberty. 12.96 Acres cropland with 3.0 acre soybean base (per FSA records). Approved for one country home site.
Tract 2: 20.0± ac with 663.21 feet of frontage on Rosewood Trail and divided by the picturesque Kartoffel Creek. Includes 2.14 acres filter strips bordering the creek and 14.8 acres of cropland currently in alfalfa hay. 18 ft. wide easement from Rosewood Trail provides ingress and egress to 11 Acres on South side of Kartoffel Creek.
Tract 3: 31.2± ac with 100 feet ownership on Rosewood Trail that has been approved for private country home site. Includes 21.33 Acres Classified Forest, 8.35 acres native grass and .26 acre food plot. One AEP electrical tower is located on this tract. Purchase in combination with Tract 2 for 51.2 acres. Prime hunting location for deer and wild turkey. Within one mile of Potato Creek State Park.
AREA MAP
TRACT MAP(S)
AREA MAP(S)
PROCEDURE: The property will be offered in 3 individual tracts and any combination of tracts.
DOWN PAYMENT: For Real Estate: 10% down payment on the day of the auction with the balance due at closing. 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 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 Seller’s acceptance or rejection.
EVIDENCE OF TITLE: Seller shall provide an owner’s title insurance policy in the amount of the purchase price for real estate sales.
DEED: Seller shall provide a warranty Deed(s).
EASEMENTS: AEP power line crossing Tract 3.
REAL ESTATE CLOSING: The balance of the purchase price is due at closing, which shall take place within 15 days from delivery of marketable title. Costs for an insured closing shall be shared 50:50 between Buyer and Seller.
POSSESSION: Possession of land will be at closing, subject to tenants rights.
REAL ESTATE TAXES: Real Estate Taxes will be the responsibility of the Buyer beginning with taxes in May 2012 and thereafter.
BUYER’S PREMIUM: A 2% Buyer’s Premium will be added to all final bids.
SURVEY: Each tract has been surveyed.
STOCK PHOTOGRAPHY: The deer and turkey photos are used for illustrative purposes.
AGENCY: Schrader Real Estate & Auction Co., Inc. and its representatives are exclusive agents of the Seller.
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 based on surveys. 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. 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 a 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. 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 ANNOUNCEMENT MADE THE DAY OF SALE TAKES PRECEDENCE OVER ANY PREVIOUS PUBLISHED MATERIAL OR ANY OTHER ORAL STATEMENTS MADE PRIOR TO THE DAY OF SALE.
None at this time
