AUCTION IS OVER

TOTAL SOLD: $1,033,000

Tract(s): 1	@ $106,000
Tract(s): 2-5+8+9	@ $380,000
Tract(s): 6+10+16+18	@ $125,000
Tract(s): 7	@ $40,000
Tract(s): 11	@ $150,000
Tract(s): 17	@ $30,000
Tract(s): 19	@ $17,000
Tract(s): 20	@ $45,000
Tract(s): 21+23	@ $92,000	($5,411/acre)
Tract(s): 22	@ $48,000

• 23 Tracts: • 19 Homes & Rental Properties in Wabash • 1 Home Fort Wayne • 19+/- Acres with Home, Potential Building Site & Woods Near Larwill • 6 Single Family Homes • 14 Homes with 35 Apartments • A 10 Unit Apartment Building • Warehouse with Apartment • Bid your price on your choice of any tract, any combination of tracts, or on all the properties. All properties will be sold absolute regardless of price. • All tracts will be sold as is. Furniture, trash, or any items left on the property are the responsibility of the buyers. An updated list of any tenants will be available at closing. Vacating tenants are the responsibility of the new owners & subject to tenants legal rights. • ONLINE BIDDING AVAILABLE You may bid online during the auction at www.schraderauction.com. You must be registered One Week in Advance of the Auction to bid online. For online bidding information, call Schrader Auction Company at 800-451-2709.

UPDATE: All properties identified in the auction brochure as Tracts 11-15 will be offered as a single tract identified as Tract 11.

OPEN HOUSE/INSPECTION DATES

The Wabash properties will be Sat., August 15 at 9am starting w/ Tract 1 & progressing to Tract 19. 20 minutes will be given at each Tract. If more time is needed, we will attempt to accommodate.
The Fort Wayne property, Tract 20, will be Sun., August 16 from 11am-12pm.
The Larwill property, Tracts 21-23, will be Sun., August 16 from 1:30-3pm.

PROPERTY LOCATION

Various Locations

AUCTION LOCATION

Urbana Lions Club Building, 44 Half St., Urbana, IN 46990

PROPERTY DESCRIPTION

23 Tracts:

19 Homes & Rental Properties in Wabash

1 Home Fort Wayne

19+/- Acres w/ Home, Potential Building Site & Woods Near Larwill
In total:

6 Single Family Homes

14 Homes w/ 35 Apartments

A 10 Unit Apartment Building

Warehouse w/ Apartment

TRACT DESCRIPTIONS

Tract 1: 1525 Peterson Dr., Wabash - Single family home

Tract 2: 143 E Main St., Wabash - House w/ 5 apartments

Tract 3: 196 E Main St., Wabash - House w/ 5 apartments

Tract 4: 218 E Main St., Wabash - House w/ 4 apartments

Tract 5: 58 Allen St., Wabash - Single family home

Tract 6: 42 E Sinclair St., Wabash - Single family home

Tract 7: 58 E Sinclair St., Wabash - House w/ 4 apartments

Tract 8: 106 & 108 E Hill St., Wabash - House w/ 2 apartments

Tract 9: 189 N Wabash St., Wabash - Single family home

Tract 10: 480 Columbus St., Wabash - 10 unit apartment building

Tract 11: UPDATE: All properties identified in the auction brochure as Tracts 11-15 will be offered as a single tract identified as Tract 11.
152 & 152.5 Manchester Ave., Wabash - House w/ 3 apartments

Tract 12: 162.5 Manchester Ave., Wabash - Apartment w/ garage/storage

Tract 13: 162 Manchester Ave., Wabash - House w/ 2 apartments

Tract 14: 176 Manchester Ave., Wabash - House w/ 2 apartments

Tract 15: 178 Manchester Ave., Wabash - House w/ 2 apartments

Tract 16: 118 Manchester Ave., Wabash - Single family home (rough)

Tract 17: 128 Manchester Ave., Wabash - House w/ 2 apartments

Tract 18: 662 W Market St., Wabash - House 2 apartments & storage building

Tract 19: 1172 Falls Ave., Wabash - Warehouse w/ apartment, warehouse is full of items

Tract 20: 1040 Delaware St., Fort Wayne - Single family home

Tract 21: 13.8± ac woods & recreational, w/ pond, & potential building site
3260 N. Binkley Rd., Larwill, IN

Tract 22: 2± ac Country single family home on 2+/- acres w/ pole building
3260 N. Binkley Rd., Larwill, IN

Tract 23: 3.2± ac w/ approximately 3 tillable acres & potential building site
3260 N. Binkley Rd., Larwill, IN

Tract Information: Photos, title polices, and other information are available at: www.SchraderAuction.com
Bid your price on your choice of any tract, any combination of tracts, or on all the properties. All properties will be sold absolute regardless of price.
All tracts will be sold as is. Furniture, trash, or any items left on the property are the responsibility of the buyers. An updated list of any tenants will be available at closing. Vacating tenants are the responsibility of the new owners & subject to tenants legal rights.

TRACT MAP(S)

AREA MAP(S)

PROCEDURE: Bid on individual tracts, any combination of tracts or on the entire property. There will be open bidding on all tracts & combinations during the auction as determined by the auctioneer. The property will be sold in the manner resulting in the highest total sale price.

DOWN PAYMENT: 10% of the accepted bid as down payment on the day of the auction w/ balance in cash at closing. The down payment may be in the form of cash, cashiers check, personal check or corporate check. YOUR BIDDING IS NOT CONDITIONAL UPON FINANCING, SO BE SURE YOU HAVE ARRANGED FINANCING, IF NEEDED, & ARE CAPABLE OF PAYING CASH AT CLOSING.

ALL FINAL BIDS WILL BE ACCEPTED: All successful bidders will be required to enter into purchase agreements at the auction site immediately following the close of the auction. All final bids will be accepted. Purchase agreements will be signed by the registered bidder only. If you choose to share the purchase w/ another party, you will be required to do so after the completion of closing as indicated on the signed purchase agreement.

DEED: Seller will provide a deed.

EVIDENCE OF TITLE: Sellers will provide title insurance in the amount of the purchase price.

CLOSING: Closing shall take place approximately 30 days of proof of marketable title. Sellers shall not be responsible for any closing costs incurred due to the Buyer(s) securing financing.

POSSESSION: At closing, subject to tenant(s) leasehold rights.

REAL ESTATE TAXES: The Seller shall pay the 2019 real estate taxes, due in 2020. 2020 taxes shall be prorated to the day of closing.

DITCH ASSESSMENTS: The Buyers shall pay any ditch assessments due after closing if any.

SURVEY: There will be no new surveys on Tracts 1-20. Tracts 21-23 will be surveyed if there is more than one buyer. There shall be no survey if 21-23 are purchase by one buyer. Any cost for a new survey shall be share equally by buyer & seller.

EASEMENTS: The sale of the property is subject to any & all easements of record.

DISCLAIMER & ABSENCE OF WARRANTIES: All information contained in this brochure & all related materials is subject to the Terms & Conditions outlined in the Purchase Agreement. ANNOUNCEMENTS MADE BY THE AUCTION COMPANY AT THE AUCTION PODIUM DURING THE TIME OF THE SALE WILL TAKE PRECEDENCE OVER ANY PREVIOUSLY PRINTED MATERIAL, OR ANY OTHER ORAL STATEMENTS MADE. The property is being sold on an AS IS, WHERE IS basis, & no warranty or representation, either express or implied, concerning the property is made by the Seller or the Auction Company. No guarantee as to location of septic & well, or condition of septic & well is made by the Auction Company, its agents or Sellers. Each potential bidder is responsible for conducting his or her own independent inspections, investigations, inquires, & 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 & dimensions in this brochure are approximate. Except for any express warranties set forth in the sale documents, purchaser(s) assumes all risks thereof & acknowledges that in consideration of the other provisions contained in the sale documents, Seller & 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, & in no event shall Seller or the Auction Company be liable for any consequential damages. Conduct of the auction & increments of bidding are at the direction & discretion of the auctioneer. The Seller & Auction Company reserve the right to preclude any person from bidding if there is any question as to the persons 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.