Name LIVE 69.07 Acre Real Estate Auction - Porter County Indiana
Auctioneer Kraft Auction Service
Type Live Webcast Auction
Date(s) 12/14/2022
December 14th, 2022 7:00pm CDT
Preview Date/Time Open House: December 2nd 1pm-3pm. Can't make it? Call for a private showing. Walk-overs allowed during daylight hours.
Location 541 E 1500 N
Michigan City, IN 46360
Buyer Premium 5% buyer's premium minimum $3,500
Description
69.07 Acre Real Estate Auction December 14th, 2022 7:00pm CDT Property located at 541 E 1500 N Michigan City (Porter County), IN. Live Auction located at Kraft Auction Facility 48 N 450 E Valparaiso, IN. Parcel 1: 541 E 1500 N Michigan City, IN - This unique 1.05 acre parcel features two single family homes on it. The original farmstead home is 1.5 stories and features 2 bedrooms, 1.5 baths, 1756 square feet of space, and an attached garage. The second home is a 1364 square foot ranch home with a detached garage/shed. Taxes 2021 Pay 2022: $547.46 (with exemptions). Parcel ID: 64-04-14-300-007.000-009. Parcel 2: This 30.2 acre parcel borders parcel one and consists of mostly tillable land. This parcel has 28.17 acres of tillable land featuring a majority of Milford silty clay loam soil type. A 660 square foot garage is included on this parcel. Over 500 feet of frontage on 1500 N. Taxes 2021 Pay 2022: $632.40. Parcel ID: 64-04-14-300-006.000-009. Parcel 3: This 38 acre parcel is directly across the street from parcel 1 and 2 and consist of mostly tillable land. This parcel has 35.95 acres of tillable land featuring a majority of Blount silt loam and Pewamo silty clay loam. Over 350 feet of frontage on 1500 N. Taxes 2021 Pay 2022: $755.92. Parcel ID: 64-04-23-100-006.000-009. Online Bidding @ KraftAuctions.com Open House: December 2nd 1pm-3pm. Can't make it? Call for a private showing. Walk-overs allowed during daylight hours. Auction Format: This will be a multi-parcel auction. Buyers will have the option to buy one parcel, any combination or the entirety. Auctioneer's Note: Here is a great opportunity to buy a productive farm with a multi-home property at auction. This property is conveniently located in north Porter County and only minutes from the interstate, downtown Chesterton, and the lakefront in MIchigan City. This is an auction you do not want to miss! Owner: JAC Industrial Investments LLC Terms: 10% non-refundable down payment immediately after the sale, sold as-is, closing in 30 days, possession at closing, warranty deed, taxes pro-rated and final to day of closing, sells with seller's confirmation, and subject to a 5% buyer's premium. Kraft Real Estate Auctions, LLC - AC31900011 Col. Conrad Kraft- AU01023657 Jonathan Kraft – AU10500173 Managing Broker: Jay Mayden 219-973-9240 ~ Info@KraftAuctions.com KraftAuctions.com
Auction Terms & Conditions DOWN PAYMENT: 10% non-refundable down payment per parcel immediately after the auction and with balance in cash at closing. The down payment may be in the form of cash, cashiers 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. BUYER`S PREMIUM: A buyer's premium of 5%, with a minimum of $3500, will be added to the final bid price of the property. APPROVAL OF BID PRICES: All successful bidders will be required to enter into purchase agreements at the auction site immediately following the close of the auction. All final bid prices are subject to the Sellers acceptance or rejection. DEED: Seller shall provide a Warranty deed. EVIDENCE OF TITLE: Seller shall provide title insurance in the amount of the purchase price. CLOSING: Closing shall take place in 30 days, POSSESSION: At closing. REAL ESTATE TAXES: Taxes are pro-rated and final at day of closing ACREAGE: All acreage is approximate and has been estimated based on current legal descriptions and/or aerial photos. SURVEY: There shall be no survey EASEMENTS: The sale of the property is subject to any and all easements of record. DISCLAIMER AND ABSENCE OF WARRANTIES: All information contained in this brochure and all related materials is subject to the Terms and Conditions outlined in the Purchase Agreement. Tract acreage has been estimated based on aerial photographs. 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. Each potential bidder is responsible for conducting his or her own independent inspections, investigations, inquires, 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. All sketches and dimensions in this brochure are approximate. Except for any express warranties set forth in the sale documents, purchaser(s) assumes all risks thereof and acknowledges that in consideration of the other provisions contained in the sale documents, Seller and the Auction Company make no warranty or representation, express or implied or arising by operation of law, including an warranty of merchantability or fitness for a particular purpose of the property, or any part thereof, and in no event shall Seller or the Auction Company be liable for any consequential damages. Conduct of the auction and increments of bidding are at the direction and discretion of the auctioneer. The Seller and Auction Company reserve the right to preclude any person from bidding if there is any question as to the persons credentials, fitness, etc. All decisions of the auctioneer are final. ANNOUNCEMENTS MADE BY THE AUCTION COMPANY AT THE AUCTION PODIUM DURING THE TIME OF THE SALE WILL TAKE PRECEDENCE OVER ANY PREVIOUSLY PRINTED MATERIAL, OR ANY OTHER ORAL STATEMENTS MADE. --------------------------------------------- ------------------------------------------ Terms Of Use

Seller User Terms

Bidder User Terms
Your bid must adhere to the bid increment schedule.
Bid Amount Bid Increment
0.00 - 9,999,999.99 5,000.00 USD
Currency USD
Buyer Premium 5% buyer's premium minimum $3,500
Payment Terms
DOWN PAYMENT: 10% non-refundable down payment per parcel immediately after the auction and with balance in cash at closing. The down payment may be in the form of cash, cashiers 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. BUYER`S PREMIUM: A buyer's premium of 5%, with a minimum of $3500, will be added to the final bid price of the property. APPROVAL OF BID PRICES: All successful bidders will be required to enter into purchase agreements at the auction site immediately following the close of the auction. All final bid prices are subject to the Sellers acceptance or rejection. DEED: Seller shall provide a Warranty deed. EVIDENCE OF TITLE: Seller shall provide title insurance in the amount of the purchase price. CLOSING: Closing shall take place in 30 days, POSSESSION: At closing. REAL ESTATE TAXES: Taxes are pro-rated and final at day of closing ACREAGE: All acreage is approximate and has been estimated based on current legal descriptions and/or aerial photos. SURVEY: There shall be no survey EASEMENTS: The sale of the property is subject to any and all easements of record. DISCLAIMER AND ABSENCE OF WARRANTIES: All information contained in this brochure and all related materials is subject to the Terms and Conditions outlined in the Purchase Agreement. Tract acreage has been estimated based on aerial photographs. 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. Each potential bidder is responsible for conducting his or her own independent inspections, investigations, inquires, 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. All sketches and dimensions in this brochure are approximate. Except for any express warranties set forth in the sale documents, purchaser(s) assumes all risks thereof and acknowledges that in consideration of the other provisions contained in the sale documents, Seller and the Auction Company make no warranty or representation, express or implied or arising by operation of law, including an warranty of merchantability or fitness for a particular purpose of the property, or any part thereof, and in no event shall Seller or the Auction Company be liable for any consequential damages. Conduct of the auction and increments of bidding are at the direction and discretion of the auctioneer. The Seller and Auction Company reserve the right to preclude any person from bidding if there is any question as to the persons credentials, fitness, etc. All decisions of the auctioneer are final. ANNOUNCEMENTS MADE BY THE AUCTION COMPANY AT THE AUCTION PODIUM DURING THE TIME OF THE SALE WILL TAKE PRECEDENCE OVER ANY PREVIOUSLY PRINTED MATERIAL, OR ANY OTHER ORAL STATEMENTS MADE.