REAL ESTATE AUCTION, ALLEN COUNTY, IN

OWNER

Calvin Walker Estate, Sandra Theisen-Mitchel P.R.

Auction Date and Time

Tuesday, September 6th @ 6pm

INSPECTION DATES

Monday, August 15th from 5pm-8pm or by appointment

PROPERTY LOCATION

4502 Golfview Dr, Fort Wayne, IN 46818

AUCTION LOCATION

Auction held onsite

DESCRIPTION

Tract 1:

·         Ranch home on a crawlspace in Elk Ridge Subdivision

·         Large .5 acre lot with views of Coyote Creek golf course

·         Built in 1961

·         1,162 square feet of living space

·         3 bedrooms and 1 full bathroom

·         Family room: 10’x21’

·         Kitchen: 7’x10’

·         Living room: 11’x19’

·         Bedroom 1: 11’x12’

·         Bedroom 2: 9’x11’

·         Bedroom 3: 9’x11’

·         Gas forced air heat and central air

·         Asphalt shingle roof

·         Oversized 1 car attached garage with asphalt driveway

·         Rear wood deck

·         Aluminum siding

·         Vinyl windows

·         100 amp electrical breaker box

·         City sewer, well (city water along California Rd), and natural gas

·         2021 pay 2022 annual taxes: $1,178.86 w/ exemptions

·         Fort Wayne Community Schools: Price elementary, Shawnee middle school, and Northrop High School

Tract 2:

·         .65 acre vacant lot, potential building site in Elk Ridge Subdivision

·         Views of Coyote Creek golf course

·         City utilities

·         2021 pay 2022 annual taxes: $141.92

Ranch Home and Vacant Lot Offered in 2 Tracts
Ranch home * 2 lots totaling over 1 acre * Views of Coyote Creek golf course * Excellent Northwest Fort Wayne location

Open House

Monday, August 15th from 5pm-8pm

walker-464 brochure

PROCEDURE: The property will be offered at oral auction. The property will be offered in individual tracts and/or in combination. The bidding will remain open on all tracts and the combination until the close of the auction.

DOWN PAYMENT: $5,000 down payment on tract 1, $2,500 down payment on tract 2, and $7,500 down payment on the combination of tracts 1 and 2. The down payment shall be made on auction day, immediately following the auction, with the balance in cash at closing. The down payment may be made in the form of cash, 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 the closing.

ACCEPTANCE OF BID PRICES: The successful bidder will be required to enter into a purchase agreement at the auction site immediately following the close of the auction. Seller reserves the right to reject any and all bids.

EVIDENCE OF TITLE: Seller shall provide an owner’s title insurance policy in the amount of the purchase price. Preliminary title work has been ordered through Metropolitan Title and is available upon request.

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.

SURVEY: A new perimeter survey has been ordered and will be completed by Donovan Engineering Inc. The 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.

AGENCY: Schrader Real Estate & Auction Co. of Fort Wayne, LLC., 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 express, 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 conduct of his or her own independent inspections, investigations, inquiries, and due diligence concerning the property. The information contained in the brochure is subject to verifications by all parties relying on it. The Seller or the Auction Company assumes no liability for its accuracy, errors, or omissions. Conduct of the auction and increments of bidding are at the discretion of the Auction