• Oakland Hills in North Webster, Indiana • Prime Commercial Property • Residential Single Family Lots • 48.5 +/- Acre Master Planned Development • Subdivision Ready - Roadway & Utility Infrastructure in Place • Excellent Location Just South of North Webster on SR 13 Compass Court in Silver Lake, Indiana • Income Producing Campground • Recreational Land • 6.85 Acres - 30 Mobile Home or RV Sites • Over 900 ft. of Lake & Channel Front on Hill Lake • Dock Space, Beach, Fishing & Boating
Absolute Real Estate Auction - 2 Locations: Oakland Hills & Compass Court
North Webster, Indiana - Kosciusko County
Owner: Carr Development Group, LLC & Carr Land-Hill Lake, LLC Mon, Jul 15, 2013 EASTERNAUCTION IS OVER
TOTAL SOLD: $520,300
| Tract(s): 1+2+5 | @ $154,000 | ($49,201/acre) |
| Tract(s): 3+4 | @ $111,100 | ($555,500/acre) |
| Tract(s): 6 | @ $77,000 | ($4,277/acre) |
| Tract(s): 7 | @ $178,200 | ($26,014/acre) |
OPEN HOUSE/INSPECTION DATES
Oakland Hills Subdivision - Friday June 21, 10-11:30AM
Compass Court Campground - Friday June 21, 3-4:30 PM
PROPERTY LOCATION
Oakland Hills Subdivision: at the intersection of State Road 13 and 500 N (Armstrong Road) just South of North Webster, Indiana. Compass Court Campground is located North of Silver Lake 1-1/2 miles or South of Warsaw 7-1/2 Miles to Hill Lake Road, turn west 1 mile to County Road 425 W, turn south to entrance.
AUCTION LOCATION
The Meeting Place, 475 Anchorage Rd, Warsaw, IN. From the intersection of SR 15 & US 30 in Warsaw on SR 15 South, approx. 1/4 mi. to Anchorage Rd (Farmers State Bank), turn East to 2nd drive on North side of road
TRACT DESCRIPTIONS
Tract 1: 2.9± ac Road frontage on SR 13 is Zoned commercial and is approximately 2.793 acres
Tract 2: 0.1± ac 2 commercial lots with frontage on Armstrong Road and Baldwin Road at the entrance to Oakland Hills Subdivision
Tract 3: 0.1± ac Contains 21 lots, with frontage on Armstrong, Cranbrook and Goodison Roads
Tract 4: 0.1± ac Contains 14 lots, with frontage on Goodison and Baldwin Roads
Tract 5: 0.1± ac Contains 14 lots, with frontage on Goodison and Baldwin Roads
Tract 6: 18± ac Approximately 18 acres currently is being leased to a farm tenant until the end of the 2014 crop year any cash rent will be paid to the new buyer. This tract has tillable acreage with the balance in recreational land including a great hunting area
Tract 7: 6.8± ac Compass Court Campground: 6.85 Acres. Over 30 income producing mobile home or RV sites. Call one of the sale managers for current financial information. Over 900 ft. of Lake Front and Channel Front on beautiful Hill Lake with pavilion, dock space, beach, fishing and boating. Near Silver Lake, IN.
AREA MAP
TRACT MAP(S)
AREA MAP(S)
TERMS & CONDITIONS
PROCEDURE: Bid on individual tracts, any combination of tracts or on the entire property. There will be open bidding on all tracts and 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 with 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, AND ARE CAPABLE OF PAYING CASH AT CLOSING.
BUYERS PREMIUM: A 10% buyers premium will be added to all final bids for the contract purchase price.
PURCHASE AGREEMENTS: All successful bidders will be required to enter into purchase agreements at the auction site immediately following the close of the auction. Purchase agreements will be signed by the registered bidder only. If you choose to share the purchase with another party, you will be required to do so after the completion of closing as indicated on the signed purchase agreement.
ABSOLUTE AUCTION: All tracts will be sold absolute to the highest bidder(s) regardless of price, with no minimum bid and no reserve selling price, in accordance with a consent judgment pursuant to which the owner-entities are to be dissolved following the sale and the individual members of the owner-entities are authorized to bid on their own behalf.
DEED: Sellers will provide a Proper Deed.
EVIDENCE OF TITLE: Sellers will provide title insurance in the amount of the purchase price.
CLOSING: Closing shall take place within 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 on non-tillable land and after harvest on Tract 6 after the 2014 crop harvest. Buyer of Tract 6 shall receive the cash rent for the 2013 and 2014 crop years.
REAL ESTATE TAXES: Shall be pro-rated to the date of closing
DITCH ASSESSMENTS: The Buyers shall pay the 2014 ditch assessments.
SURVEY: There shall be no new survey.
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. 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, and 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 and well, or condition of septic and 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, 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, 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
Click to access
