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REAL ESTATE AUCTION - 22+/- ACRES OFFERED IN 4 TRACTS IN ALLEN COUNTY, INDIANA
5006 Vandolah Road, Leo, IN 46765- Allen County, IN
Owner: Jerry and Connie Clark Amstutz Mon, May 6, 2024 EASTERNAUCTION IS OVER
TOTAL SOLD: $1,095,000
| Tract(s): 1 | @ $400,000 | |
| Tract(s): 2 | @ $285,000 | |
| Tract(s): 3 | @ $300,000 | |
| Tract(s): 4 | @ $110,000 |
OPEN HOUSE/INSPECTION DATES
Sunday, April 14th from 2-4PM
Sunday, April 21st from 2-4PM
PROPERTY LOCATION
5006 Vandolah Road, Leo, IN 46765
AUCTION LOCATION
The Lodge At Red Cedar
3900 Hursh Road, Fort Wayne, 46845
TRACT DESCRIPTIONS
Tract 1:
2.8± ac
this is very spacious two story home with full walk out basement! 5983 Square Feet including Living, Garage, Office and Greenhouse. Plus 1,740 Square Feet in Basement!
HOME FEATURES:
UTILITIES FEATURES:
Tract 2: 3± ac a 50ft x 92ft pole barn with over 1600 square feet of living area! The barn has concrete floor, water, and electric. There are two 12ft high overhead doors and an 11ft x 50ft storage loft. The ceiling height is nearly 16ft. The living area has 4 bedrooms, living room, kitchen, and an outside deck. There is an additional 30ft x 34ft garage attached with 14 ft. overhead door with opener. There is an additional 40ft x 50ft metal barn with gravel floor. Sliding doors on front and back. This tract includes a fenced area for animals with water. This Tract will be subject to an easement access to Tract 1 over the existing driveway. There will also be a 60ft easement access granted over the east property line of this Tract for access to Tract 3. Combine with Tract 1 to keep the front property together with both home and barn. Combine with Tract 3 to create a complete outdoors and conservation club and recreation area!
Tract 3: 12.2± ac FEATURING A BEAUTIFUL 3 1/2+/- ACRE LAKE, this tract offers possibilities galore! There are a couple of potential building sites on either side of the lake. The access will be via two 60 ft. easements on either side of Tracts 1 and 2. The lake has a fountain that is currently powered by electricity off of Tract 1. Enjoy hunting and recreation on this tract as deer, turkey, and ducks and geese populate this area. The lake is stocked with bass, bluegill and catfish. This property offers many scenic vantage points overlooking the lake. A very rare find to have this large of a lake with lots of access points and wooded area surrounding it! Combine with Tract 1 for a complete 15+/- acre paradise!
Tract 4: 4± ac "SWING TRACT": This Tract is a swing tract in that it can only be bid on separately by an adjacent land owner or it can be bid on in combination with Tract 3. This offers additional hunting and recreation area! It is a thoroughfare for wildlife as they make their way to the lake from the south. Combine with Tract 3 to for additional hunting and recreation area!
TRACT MAP(S)
Tracts 1-4
AREA MAP(S)
PROCEDURE: The property will be offered in Four (4) individual tracts, any combination of tracts and as a total 22+/- acre unit. There will be open bidding on all tracts and combinations, SUBJECT TO SWING TRACT RULES, during the auction as determined by the Auctioneer. Bids on tracts, tract combinations and the total property may compete. The property will be bid in a manner resulting in the highest total sale price.
DOWN PAYMENT: 10% down payment at close of the auction for individual tracts or combinations of tracts. The down payment may be made in the form of 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 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. The terms of this agreement and any addendum are non-negotiable.
EVIDENCE OF TITLE: Seller shall provide an owner's title insurance policy in the amount of the purchase price.
DEED: Seller shall provide Warranty Deed(s).
CLOSING: The balance of the real estate purchase price is due at closing, which is targeted to take place on or before June 3, 2024.
POSSESSION: Buyer(s) shall receive possession at closing.
REAL ESTATE TAXES: Real estate taxes will be pro-rated to the date of closing.
DITCH ASSESSMENTS: Buyer shall pay all ditch assessments due after closing.
PROPERTY INSPECTION: Each potential Bidder is responsible for conducting, at their own risk, their own independent inspections, investigations, inquiries, and due diligence concerning the property. Inspection dates have been scheduled and will be staffed with auction personnel. Further, Seller disclaims any and all responsibility for Bidder's safety during any physical inspection of the property. No party shall be deemed an invitee of the property by virtue of the offering of the property for sale.
TRACT MAP(S) AND ACREAGE: All tract map(s), tract acreage, dimensions and proposed boundaries are approximate and have been estimated based on current legal descriptions and/or aerial photos. They are not provided as survey products and are not intended to depict or establish authoritative boundaries or locations.
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 this auction. Any need for a new survey shall be determined solely by the Seller. Seller and successful bidder shall each pay half (50:50) of the cost of the survey. The type of survey performed shall be at the Seller's option and sufficient for providing title insurance. Combination purchases will receive a perimeter survey only.
BUILDING SITES: For purposes of building sites, all tracts are being offered as a non-reviewed sell-offs by the Allen County Plan Commission. It will be the Buyer's responsibility to apply for any Platting and Building permitting required by the Allen County Plan Commission, Allen County Building and Health Departments.
EASEMENTS: All real estate is being sold subject to any existing recorded easements.
AGENCY: Schrader Real Estate and Auction of Fort Wayne, LLC and its representatives are exclusive agents of the Seller.
DISCLAIMER AND ABSENCE OF WARRANTIES: All information contained in this brochure and all related materials are subject to the terms and conditions outlined in the Purchase Agreement. The property is being sold on an "AS IS, WHERE IS" basis, and no warranty or representation, either expressed or implied, concerning the property is made by the Seller or the Auction Company. All sketches and dimensions in the brochure are approximate. Each potential bidder is responsible for conducting his or her own independent inspections, investigations, inquiries, 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. Conduct of the auction and increments of bidding are at the direction and discretion of the Auctioneer. The Seller and Selling Agents 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.
ANIMAL STOCK PHOTOGRAPHY: Photos are for illustrative purposes only and are not of the auction property.
