• Tillable and Wooded Land! • Great Potential Home and Farm Sites!
NORTHEAST ALLEN COUNTY AND GRABILL AREA FARM LAND AUCTION - 95+/- ACRES OFFERED IN 5 TRACTS OR COMBINATIONS IN ALLEN COUNTY, INDIANA
Northeast Allen County - Grabill, IN Area
Owner: The Melvin W. Kaiser Irrevocable Trust, P and T Kaiser Mon, Aug 14, 2023 EASTERNAUCTION IS OVER
TOTAL SOLD: $2,600,000
| Tract(s): 1-5 | @ $2,600,000 | ($27,368/acre) |
AUCTION MANAGERS NOTE: This is a rare find in the rural Grabill area. A large tract of unimproved land suited for several potential home and farm sites with those favored long drives and front pastures. Tracts as small as 10+/- acres or combine for 20+/- and 40+/- acres tracts. Dont miss the deer hunting opportunities on each of these tracts! The woods elevation is higher, allowing for great views for hunting the lower slope. There are maturing hardwoods in this stand of woods. The Multi-tract, Multi-Combination bidding method will allow you to bid on this property any way that suits your needs!
PROPERTY LOCATION
Approximate Address: 16910 Boger Rd, Spencerville, IN
North of Hurshtown Rd, just 4 mi. north of Grabill
AUCTION LOCATION
Harlan Christian Community Center - 12616 Spencerville Rd, Harlan, IN
TRACT DESCRIPTIONS
Tract 1: 10± ac 10+/- ACRES: This tract has approx. 165 ft. of road frontage and runs back to the west a half mile. There are 2+/- acres of woods in the back. The soils are mostly Glynwood silt loam.
Tract 2: 10± ac 10+/- ACRES: This tract also has approx. 165 ft. of road frontage and runs back to the west a half mile. There is also 2+/- acres of woods in the back. Soils are also Glynwood silt loam with some Pewamo throughout.
Tract 3: 20± ac 20+/- ACRES: This tract has approx. 330 ft. of road frontage and also runs back to the west a half mile. There are 3.75+/- acres of woods in the back. The soils are a mix of Pewamo, Washtenaw silt and Blount loam.
Tract 4: 24± ac 24+/- ACRES: This tract has approx. 250 ft. of road frontage and runs back to the west a half mile. There are 5+/- acres of woods in the back. The existing lane back to the woods will remain with this tract. The soils are a mix of Pewamo and Washtenaw in the front and center with Blount and Glynwood towards the back.
Tract 5: 31± ac 31+/- ACRES: This tract will have a 120 ft. road access then turns north onto the property. Again, this tract runs back a half mile deep. There are two drains that cross this tract. The elevation on this tract allows for some scenic potential building sites. The soils are a mix of Glynwood Clay loam and Glynwood silt loam with some Washtenaw silt loam. There is a small portion of woods on the back.
TRACT MAP(S)
AREA MAP(S)
PROCEDURE: The property will be offered in 5 individual tracts, or any combination of tracts. Bidding will be permitted on individual tracts and combinations of any two or more tracts. There will be open bidding on any individual tracts and combinations until the close of the auction. The property will be bid in the manner resulting in the highest total sale price.
PURCHASE DOCUMENTS: Immediately after the bidding concludes, each high bidder will sign purchase documents in the form provided in the bidder packets. All information contained in the marketing materials, including this brochure, is subject to the final definitive terms to be set forth in the purchase documents.
PAYMENT TERMS: 10% Cash down payment at close of auction. Cash or cashiers check or a personal or corporate check immediately negotiable is satisfactory for the down payment. 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: Seller reserves the right to reject any and all bids.
DEED: Seller shall provide a Trustees and/or Warranty deed(s) and Owners Title Insurance Policy.
EVIDENCE OF TITLE: Owners title insurance will be furnished at Sellers expense. Preliminary title insurance schedules will be available for review prior to the auction.
CLOSING: Balance of purchase price is due in cash at closing. The targeted closing date will be approx. 45 days after the closing. The cost for an insured closing will be shared 50/50 between Buyer and Seller.
POSSESSION: Possession is at closing, subject to tenant farmer 2023 crops. The Sellers to receive the proceeds from 2023 crop.
REAL ESTATE TAXES: Seller shall pay all 2022 taxes due in 2023 and the 2023 taxes due in 2024 will be pro-rated to the date of closing thereafter.
DITCH ASSESSMENTS: Buyer shall pay all ditch assessments due after closing.
ACREAGE: All acreage is approx. and has been estimated based on current legal descriptions and/or aerial photos.
SURVEY: The Seller shall provide a new survey where there is no existing legal description or where new boundaries are created by the tract divisions in the auction. Any need for a new survey will be determined solely by the Seller, cost of the survey will be split 50/50 between Buyer and Seller. The type of survey performed shall be at the Sellers option and sufficient for providing title insurance. Closing prices shall be adjusted to reflect any difference between advertised and surveyed acres.
TRACT MAPS/ACRES: Pre-auction tract maps and acre estimates are approximations provided for identification and illustration purposes only. They are not provided for as survey products and are not intended to depict or establish authoritative boundaries or locations.
EASEMENTS: All real estate is being sold subject to any existing recorded easements. Existing recorded leases, if any will be assigned to the Buyer.
PERIMETER DRAIN TILE EASEMENT: Easement access will be provided over tracts in this property for perimeter drain tile outlets if perimeter drain tile outlets beyond each individual tract are required by the Allen County Health Department.
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. Your bids are to be based solely upon your inspection. All real estate is sold as is without physical warranty. Seller and agent are not assuming any responsibility for warranty of any specific zoning classifications, location of utilities, assurance of building permits, driveway permits or water and septic permits. 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 persons credentials, fittness, 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.
