EAST ALLEN COUNTY HOME AND 26 ACRES
3814 RICKER ROAD, NEW HAVEN, INDIANA 46774
Mon. March 19th 6:00 p.m.
MILAN HOME, BARNS AND 26.5 ACRES +/-, OFFERED IN 3 TRACTS OR COMBINATIONS
SCHEIMAN HOME & LAND AUCTION
MONDAY, MARCH 19 AT 6:00PM
MILAN TOWNSHIP, ALLEN COUNTY, HOME, BARNS AND 26.5 ACRES +/-, OFFERED IN 3 TRACTS OR COMBINATIONS
PROPERTY LOCATED: 3814 RICKER ROAD,
NEW HAVEN, INDIANA â?? JUST SOUTH OF STELLHORN ROAD
AUCTION LOCATION: KEN MEYER BARN
3015 N. RIVER RUN, NEW HAVEN, INDIANA
TRACT 1: 1900â??S 2 Story four bedroom County Farm Home set upon 5 acres +/-. The home has 1 Â½ baths, 2 large rooms on main floor plus kitchen and bedroom. There are 3 bedrooms upstairs with a full bath. The home features a large breezeway entrance with lots of storage area. It is on a basement with propane forced air furnace. There are replacement windows throughout. There are several outbuildings to include: a 80 x 36 barn, a 66 x 20 machinery shed, a 26 x 20 grainery with corn crib sides, and a 26 x 22 detached garage. There is an electric hot water heater, sump pump, and water pump with two pressure tanks in the basement. The entry into the property is via a concrete bride and driveway.
TRACT 2: 8 ACRES+/-, SWING TRACT, This tract is directly behind the home and 5 acres. It is level tillable ground. It can be purchased only in combination with Tracts 1 or 3, or by an adjacent land owner. Combine this with Tract 1 for a 21 acre mini farm.
TRACT 3: 13.5 ACRES +/-, LEVEL TILLABLE GROUND, This tract has approximately 435 feet of road frontage. There will need to be a crossing constructed across the open ditch along the road for access. This would offer a potential 13 acre building site.
Terms & Conditions:
TERMS AND CONDITIONS
PROCEDURE: Tracts 1 - 3 will be offered in individual tracts, and in any
combination of these tracts, or as a total unit, subject to Swing Tract rules. There will be open bidding on all tracts and combinations during the auction as determined by the auctioneer. The property will be bid in the manner resulting in the highest total sale price.
DOWN PAYMENT: 10% Cash down payment at close of auction. Cash or cashierâ??s check or a personal or corporate check immediately negotiable is satisfactory for the down payment.
YOUR BIDDING IS NOTCONDITIONAL UPON FINANCING, SO BE SURE YOU HAVE ARRANGED FINANCING, IF NEEDED, AND ARE CAPABLE OF PAYING CASH AT CLOSING.
APPROVAL OF BID PRICES: At the close of the auction, Buyer(s) will
be required to execute an Agreement to Purchase Real Estate and Addendum.
The terms of this agreement and addendum are non-negotiable.
DEED and EVIDENCE OF TITLE : Seller shall provide a Personal Representativeâ??s deed and Ownerâ??s Title Insurance Policy in the amount of the purchase price.
CLOSING: Balance of purchase price is due in cash at closing, which will take place on or before April 27, 2017. The cost for an insured closing will be shared 50/50 between Buyer and Seller.
POSSESSION: Possession is at closing.
REAL ESTATE TAXES: The Real Estate taxes shall be pro-rated to the date of closing. The Buyer(s) to pay all thereafter.
DITCH ASSESSMENTS: Buyer shall pay all ditch assessments due after
ACREAGE: All acreage is approximate 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 Sellerâ??s option
and sufficient for providing title insurance. Closing prices shall be
adjusted to reflect any difference between advertised and surveyed
acres. In the event that the entire property sells to one buyer there
shall be no survey.
EASEMENTS: All real estate is being sold subject to any existing recorded
easements. Existing recorded leases, if any will be assigned to
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 â??as isâ?
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 â??AS IS, WHERE ISâ? 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