ONSITE REAL ESTATE AUCTION, KOSCIUSKO COUTY

OWNER

Harold DeVries Estate, Dennis DeVries Personal Representative

Auction Date and Time

Thursday, July 14th at 6pm

INSPECTION DATES

Sunday, June 26th from 1pm-4pm

PROPERTY LOCATION

304 Chestnut Ave, Winona Lake, IN 46590

AUCTION LOCATION

Auction held onsite

DESCRIPTION

2 story home on a mostly full basement

4 platted lots, 2 vacant platted lots next to the home included, overall size 80ft x 148ft, views of Circle Fountain Park & Winona Lake

Built in 1915

Over 3,500 square feet of living space

5 bedrooms with large closets, 1 full bathroom, 1 half bathroom

Beautiful natural woodwork including hardwood floors, original doors, baseboards, casings, crown molding, staircases, & pocket door

Large family/living room with fireplace & coffered beam ceiling: 17ftx32ft

Formal dining room: 15ftx17ft

Extra room: 10ftx16ft

Kitchen: 9ftx10ft

Bedroom 1: 10ftx16ft

Bedroom 2: 13ftx13ft

Bedroom 3: 11ftx13ft

Master Bedroom: 13ftx15ft with 3 closets, bathroom with sink only

Bedroom 5 maid's quarters with back staircase: 9ftx12ft

Full bathroom: 8ftx12ft

Gas boiler radiant heating system

Large covered & screened porch overlooking Circle Fountain Park & Winona Lake

Stucco siding & asphalt shingle roof

Large walk-up attic

City utilities & natural gas

2021 pay 2022 annual taxes: $1,594.32 w/exemptions

Warsaw Community Schools: Jefferson Elementary, Lakeview Middle School, & Warsaw High School

2 Story Historical Home * Over 3,500 square feet * Abundance of original natural woodwork, character and charm * 4 Platted Lots Overlooking Circle Fountain Park and Winona Lake

Open House

Sunnday, June 26th from 1pm-4pm

PROCEDURE: This property will be offered at oral auction in 1 tract. There will be open bidding during the auction, until the close of the auction as determined by the auctioneer.

DOWN PAYMENT: A $10,000 down payment is due at the close of the auction with the balance in cash at closing. The down payment will be made the day of auction, immediately following the auction, with the balance in cash at closing. 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: Successful bidder will be required to enter into a purchase agreement at the auction site immediately following the close of the auction. All final bid prices are subject to the seller’s rejection or acceptance.

EVIDENCE OF TITLE: Seller shall provide an owner’s title insurance policy in the amount of the purchase price.

DEED: Seller shall provide an Executor’s Deed.

CLOSING: The balance of the purchase price is due in cash at closing. A targeted closing date will be approximately 30 days after the auction, or as soon thereafter as applicable closing documents are completed by the seller. Costs for an administered closing shall be shared 50:50 between Buyer and Seller. Any costs associated with securing a mortgage shall be paid by the buyer(s).

POSSESSION: Possession given the day of closing, immediately following the closing.

REAL ESTATE TAXES: Real Estate Taxes will be pro-rated to the day of 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. All potential bidders are encouraged to have licensed inspectors and/or contractors inspect and view the property. The auction company will work with all potential bidders to gain access to the property for inspections in a timely fashion. 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.

RETAINING WALL DISCLOSURE: The stone retaining wall along the Southwesterly lot line facing Winona Lake is leaning severely and has become a safety hazard. A letter was issued by the Winona Lake Building Commissioner requiring the wall to be repaired by the end of the year. It will be the responsibility of the new buyer to make this repair and comply with the Building Commissioner’s request. A copy of the letter can be furnished upon the request of any potential bidder.

LOT SIZE: All dimensions, and proposed boundaries are approximate and have been estimated based on current legal descriptions, county records, and/or aerial photos.

SURVEY: A new survey has been ordered through Kimpel and Associates. 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 Sellers option and sufficient for providing title insurance. Final sales price shall not be adjusted to reflect any difference between advertised and surveyed lot size.

AGENCY: Schrader Real Estate & Auction Company, Inc. 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 ORANY OTHER ORAL STATEMENTS MADE.