SOLD! TRACT 1 – $230,000.00 LUMP SUM
SOLD! TRACT 2 – $7,500.00 PER ACRE
SOLD! TRACT 3 – $7,500.00 PER ACRE
SOLD! TRACT 4 – $6,500.00 PER ACRE
TOTAL – $946,750.00
106 ACRES± • 4 TRACTS
Friday Eve., May 31, 2019 at 6:00 P.M. EDT
Auction to be held at Sullivan Auction Site, 11996 N. Goshen Rd., Huntington, IN 46750 (at the Jct. of State Hwys. 5 & 114).
Open House Dates: Saturday, May 18th from 12:00 noon – 2:00 P.M. and Wednesday May 22nd from 4:00 – 6:00 P.M.
Please Note: Open house dates are for the real estate only— no personal property will be shown at these times.
Location & General Information
Farms are located in Sections 7 & 17, T30N•R9E, Washington Township, Whitley County, Indiana.
Directions to Tracts 1, 2 & 3: From South Whitley, Indiana, at the Intersection of State Rd. 5 & 14, travel east approximately 3.3 miles to CR 350W, the turn south to the farm (watch for signs).
Directions to Tract 4: From Tract 1 (farm house), travel South 1.7 miles to CR 800S, turn left (east) and travel .7 miles to CR 275W, turn left (north to farm).
Farms are located approximately:
- 4.5 miles east of South Whitley, Indiana
- 8 miles SW of Columbia City, Indiana
- 20 miles west of Fort Wayne, Indiana
- 25 miles SE of Warsaw, Indiana
Tracts represent house and outbuildings, productive tillable land and potential building lots with acreage!
(Pursuant to Betty’s wishes prior to her death, the farm will be sold in the manner she requested.)
Tract 1: 5± Acres (subject to survey): Tract 1 consists of a farm house and outbuilding on a spacious circle lot . This 2 story farm house includes 4 bedrooms (3 upstairs 1 down), 1 bath, large rear sunroom, large family room with spacious kitchen and setting area and an unfinished basement with newer LP furnace. Outbuildings include detached 2 car garage with offset work area, pole barn building with 2 sliding doors and walk-in door. Also this tract includes and older pin frame barn with metal roof and sidings. This tract has all the offerings of country living with large lot and buildings that offer endless opportunities!
Tract 2: 27± Acres (subject to survey): Tract 2 is nearly all tillable with approximately 2 acres of woods. This tract offers road frontage on St. Rd 14 and CR 350 W. The land has a gentle roll that would offer a nice potential home site with room to roam.
Tract 3: 28± Acres (subject to survey): All tillable. This tract has road frontage on CR 350W and is currently all productive cropland. This tract also offers potential building site with plenty of room for growth and privacy.
Tract 4: 46± Acres (subject to survey): FSA figures indicate 44.87 acres tillable. Road frontage is on CR 275 W. This tract has excellent investment quality and would be a great fit in any current operation or investment portfolio.
Method & Terms
METHOD: The Real Estate will be offered on Friday Eve., May 31st, at 6:00 p.m. EDT. The property will be offered in 4 tracts. Tract 1 will be sold first for a lump sum total dollar amount. Tracts 2, 3 & 4 will be sold on a price per acre basis. Tracts 2, 3 & 4 will be offered through the marketing method of “Buyer’s Choice,” whereas the high bidder can elect, in any order, any or all tracts for their high bid. Buyer’s Choice auctioning will continue until Tracts 2, 3 & 4 have all been elected. The tracts will not be offered in their entirety or any other combinations at the conclusion of the auction. Each sale will be final.
SURVEY: Survey cost will be split 50/50 between buyer and seller. Survey is currently ordered and field work has begun.
PURCHASE AGREEMENT: The purchase agreement will control the terms of the sale and purchase of the real estate and any conflict between the purchase agreement and statements made at the auction.
DOWN PAYMENT: The successful bidder must pay a 10% down payment with the execution of the purchase agreement the day of the auction, with the balance due at closing. The down payment must be in the form of a personal check, cashiers check or corporate check. YOUR BIDDING IS NOT CONTINGENT UPON FINANCING. Please be sure you have arranged financing, if necessary, and are capable of paying cash at closing.
DEED: Seller shall provide an appropriate deed at closing.
EVIDENCE OF TITLE: Seller shall provide an owner’s title insurance policy to the successful bidder(s) in the amount of the purchase price.
CLOSING: The balance of the purchase price is due at closing, which shall take place on or before July 15, 2019. Any closing fee charged by the closing agent shall be shared (50/50) between buyer(s) and seller.
POSSESSION: Possession of the home will be at closing. Possession of Tracts 2 – 4 will be given at closing, subject to a cash rent lease for the 2019 crop year only.
TAXES: The 2019 taxes will be paid by the seller, as they are retaining the 2019 cash rent.
AGENCY: Sullivan Auctioneers, LLC and its representatives are exclusive agents of the seller.
DISCLAIMER OF ERRORS AND OMISSIONS: All information contained in this brochure and all other printed material are subject to the terms and conditions outlined in the purchase agreement. All announcements sale day shall take precedence over any prior advertising either written or oral. The information in this brochure is believed to be accurate; however, no liability for its accuracy, errors or omissions is assumed. All lines drawn on maps, photographs, etc. are approximate. Buyers should verify the information to their satisfaction. There are no expressed or implied warranties pertaining to the property. This real estate is being sold “as is”.
Aerial Map (Tracts 1, 2 & 3)
Aerial Map (Tract 4)
We will also be selling personal property on Saturday, June 1, 2019 at 9:00 A.M. sharp — at the farm. Click here for details.
Clarence (Catfish) & Betty Lou Kahn Estate
Brian Tucker & Ryan Lee – Personal Representatives for Estate
Zach Hiner (260) 437-2771