REAL ESTATE AUCTION, ALLEN COUNTY, IN

Owner

Mark Ridge Estate, Barbara Ridge P.R.

Auction Date and Time

Thursday, September 15th @ 6pm

INSPECTION DATES

Sunday, August 28th from 1pm-4pm

PROPERTY LOCATION

4504 W. Cook Rd, Fort Wayne, IN 46818

AUCTION LOCATION

Auction held onsite

DESCRIPTION

Tract 1:

·         2 story home on a full basement

·         11.76 mostly wooded acres

·         Built in 1994

·         Over 2,000 square feet of living space

·         3 bedrooms and 2-1/2 bathrooms

·         Large kitchen with center island, breakfast nook/dining area, family room with cathedral ceiling and fireplace, living room/den, upstairs loft

·         Master bedroom with master bathroom, 2 guest bedrooms

·         Gas forced air heat and central air

·         Asphalt shingle roof

·         2 car attached garage 

·         Rear deck

·         Brick and vinyl exterior

·         2 fireplaces

·         200 amp electrical breaker box

·         60'x96' outbuilding, metal roof/siding, front part has 4 overhead doors-concrete floor-electrical, rear part has dirt floor-sliding door

·         Septic system, well, and natural gas (city sewer and  water mains along Cook Rd)

·         2021 pay 2022 annual taxes: $3,783.28 

·         Zoned A1 agriculture

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

Tract 2:

·         13.23 mostly wooded acres

·         Approximately 115' of road frontage along W. Cook Rd.

·         City sewer and water mains along W. Cook Rd.

·         2021 pay 2022 annual taxes: $1,566.82

·         Zoned A1 agriculture

Tract 1

2 story home * Over 2,000 Sq. Ft. * 3 bedrooms and 2-1/2 bathrooms * Built 1994 * Central heat and air * 2 car attached garage * 60’x96’ outbuilding * 11.76 acres mostly wooded acres * Well and septic w/ city utilities along W Cook Rd. * Excellent Northwest Fort Wayne location

Tract 2
13.23 mostly wooded acres * Approximately 115’ of frontage on W Cook Rd. * City utilities along W Cook Rd. * Zoned A1 agriculture

Open House

Sunday, August 28th from 1pm-4pm

Terms and Conditions

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: A 10% 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 a 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.

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 perimeter survey will be completed only if necessary for closing. 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 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 OR ANY OTHER ORAL STATEMENTS MADE.