Tract Descriptions
Tract 1: Containing approximately 3 +/- acres with an older two story farm home with new well installed shortly after 2000'. Further improvements include a bank barn and a 36'x54' Morton pole building. This tract offers quiet, country living.
Tract 2: Containing approximately 3 +/- tillable acres with frontage on Dekalb County Road 36.
Tract 3: Containing approximately 7 +/- tillable acres with frontage on both Dekalb County Road 36 and Indiana State Road 327. As a corner tract, this parcel offers potential plus!
Tract 4: Containing approximately 7 +/- tillable acres with frontage on Indiana State Road 327.
Tract 5: Containing 14 +/- tillable acres with frontage on Indiana State Road 327.
Tract 6 (Swing Tract): Containing 7 +/- tillable acres. This tract is a swing tract and must be purchased in conjunction with an adjoining tract or by an adjoining land owner and includes an “agricultural” entrance from Dekalb County Road 36.
Tract 7: Two story farm home on 1.9 acres. With frontage on Indiana State Road 8 this property is just minutes away from the conveniences Auburn and Garrett. A starter home with endless potential!
Personal Property:
1964 Honda 90 Motor Cycle with 1,000 original miles
Miscellaneous tools
Torch set
18 horse MTD lawn tractor with 40” deck
I-H riding lawn mower
1949 Ford truck
Large, antique, electric chain saw
A large assortment of primitives and antiques original to the Stroh and Trovinger families. Property Location
1282 County Road 36 Auburn , IN/ 0451 State Road 8 Garrett, IN
Property Inspection
Open house dates:
Sunday, August 17th, 2:00 - 4:00 pm
Sunday, August 24th, 2:00 - 4:00 pm
Call The Steffen Group for a private showing 1.877.426.0633.
Auction Location
Follow Indiana State Road 8 east to Indiana State Road 327 then north on Indiana State Road 327 to Dekalb County Road 36 then East on County Road 36 to Auction site.
Terms & Conditions
Procedure: The real estate will sell in 7 Individual tracts, and any combination of tracts 1 through 6. There will be open bidding on all tracts and combinations of tracts 1-6 during the auction as determined by the auctioneer. Bids on tracts, tract combinations, and the total property may compete.
Method of Payment: A non-refundable earnest money deposit of 10% of the purchase price will be required day of sale with the balance due the day of final closing. Closing to be within 30 days of the auction. This real estate is being sold for cash and your bidding is not contingent upon financing. Have your financing prearranged prior to auction day.
Acceptance of Bid: Successful bidder will be required to enter into a purchase agreement immediately following the auction at the site. The seller reserves the right to accept or reject any bid.
Title: Seller will provided buyer with a commitment of title insurance in the amount of the purchase price insuring the transfer and marketability of the title. Seller will provide buyer with a fully executed warranty deed conveying title to the buyer.
Possession: Possession will be given to the buyer the day of final closing.
Taxes: All property taxes will be prorated to the date of closing.
Survey: AT THE SELLERS OPTION, the buyer will provide 50:50 of the costs of any parcel where there is no existing legal description or where new boundaries are created by the tract divisions in the auction. Any need for a survey shall be determined in the sole discretion of the seller. If a survey is determined by the Seller to be necessary, final bids will be adjusted to reflect the results of said survey. The type of survey prepared shall be determined by the Seller so long as it is sufficient for issuance of a title policy. Combination purchase will only receive a perimeter survey. Only the boundary corners of the respective tract sold shall be marked. Successful bidders will then pay a revised purchase price calculated by multiplying the actual surveyed acreage by the actual purchase price per acre indicated in the agreement to purchase. All auction tracts are approximate and have been estimated based on aerial photographs or current legal descriptions. Seller will provide buyer with a boundary survey of the property. Said survey selected shall be at the sole choice and discretion of the seller.
Property Disclosure: This property being sold as is where with no warranty being expressed or implied as to the physical condition, specific zoning or available permits. Property located at Dekalb County Road 36 and Indiana State Road 327 is subject to potential wetlands per the National Wetland Inventory Map prepared by the U.S. Fish and Wildlife service.
Agency: The Steffen Group is the exclusive agent to 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. Conduct of the auction and the increments of bidding are at the direction of the Auctioneer. All decisions of the Auctioneer are final. Announcements made day of sale take precedence over any and all printed material.
For more information, please contact a Steffen Group sale manager at (260)433-1826. |
