OLO Papakeechie Lake Real Estate Auction - Syracuse, IN

Online Only Auction

Kraft Auction Service

8932 E Nordman Dr

Syracuse, IN 46567

Date(s) 5/2/2023 - 6/8/2023

Bidding Begins to Close June 8th @ 6pm EDT

Past Auction

Online-Only Auction

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Auction Notice:

OUTSTANDING LAKE HOME OPPORTUNITY TO BUY AT AUCTION!

Auction Information

Name	OLO Papakeechie Lake Real Estate Auction - Syracuse, IN
Auctioneer	Kraft Auction Service
Type	Online-Only Auction
Date(s)	5/2/2023 - 6/8/2023
Auction Date/Time Info	Bidding Begins to Close June 8th @ 6pm EDT
Preview Date/Time	Open Houses: May 27th 11am-1pm and June 4th 12pm-2pm. Can't make it? Call for a private showing.
Location	8932 E Nordman Dr Syracuse, IN 46567
Buyer Premium	10% buyer's premium
Description	Online Only Real Estate Auction Bidding Begins to Close June 8th @ 6pm EDT Located at 8932 E Nordman Dr. Syracuse, IN. If you have been looking for a beautifully remodeled lake home, then look no further! This recently remodeled Papakeechie Lake home features 4 bedrooms, 3 bathrooms, 2880 total square feet, custom kitchen with granite, hardwood floors, and 2 fireplaces. On the main floor the home has a large owners suite with a beautiful bathroom and panoramic views of the lake. In the basement there is a second kitchen and a heated 3 seasons room overlooking the lake. On the outside the property only gets better with 2 levels of decking for all your entertaining needs. The home also includes a whole home generator. In the past three years the home had new doors, windows, new landscaping, new stairs with lights to the lake, new pier, and new siding. It is like a brand new home! Detached from the home is a 14'x28' garage and a 8'x14' utility shed for your storage needs. In the front of the garage is ample parking for having your lake guest over. The property is also fenced. The property sits on a 0.58 acre lot and has 140' of lake frontage. If you have been looking for your lake retreat, then do not pass up this fantastic opportunity at auction! Taxes 2022 Pay 2023: $1,086.68 (with exemptions). Papakeechie Lake Facts: This 178 acre lake is a private lake and only accessible by property owners. The lake is best known for being a non-motorized lake, so perfect for sailing and kayaking. There are only 300 homes on the lake. The main activity on the lake is fishing, with most just fishing from their pier. This is a very peaceful and relaxing lake to just enjoy the beauty of it all. Also you can walk the nature preserve just to the south of the lake for additional outdoor activities. And if you were looking for more boating activity, Papakeechie Lake is adjacent to Indiana's largest natural lake, Lake Wawasee. The town of Syracuse offers numerous activities and dining experiences to enjoy. Minimum Opening Bid: $499,900.00 "Sells to highest bidder at or above opening bid!" Open Houses: May 27th 11am-1pm and June 4th 12pm-2pm. Can't make it? Call for a private showing. Owner: Ann Cavender General Terms: $25,000 non-refundable down payment to be paid within 24 hours of auction closing, closing in 45 days, sold as-is, possession at closing, trustee deed, taxes prorated and final to day of closing, minimum opening bid of $499,900, and subject to a 10% buyer's premium. Buyer broker participation is welcome. Kraft Real Estate Auctions, LLC - AC31900011 Col. Conrad Kraft- AU01023657 Jonathan Kraft – AU10500173 Clint Cripe - AU1070068 Auction Manager: Clint Cripe - 574-354-8006 Managing Broker: Jay Mayden 574-516-9395 - 219-973-9240 Info@KraftAuctions.com - KraftAuctions.com

Terms and Conditions

DOWN PAYMENT:$25,000 down payment within 24 hours of auction closing 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 10%, 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 45 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.

Bid Increments

Your bid must adhere to the bid increment schedule.

Bid Amount	Bid Increment
0.00 - 499,999.00	100.00 USD
499,999.01 - 9,999,999.99	500.00 USD

Payment Information

Currency	USD
Buyer Premium	10% buyer's premium
Payment Terms	DOWN PAYMENT:$25,000 down payment on the day of the auction 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 10%, 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 45 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.

Shipping / Pick Up

Notice: Financing terms available may vary depending on applicant and/or guarantor credit profile(s) and additional approval conditions. Assets aged 10-15 years or more may require increased finance charges. Financing approval may require pledge of collateral as security. Applicant credit profile including FICO is used for credit review. Commercial financing provided or arranged by Express Tech-Financing, LLC pursuant to California Finance Lender License #60DBO54873. Consumer financing arranged by Express Tech-Financing, LLC pursuant to California Finance Lender License #60DBO54873 and state licenses listed at the this link. Consumer financing not available for consumers residing in Alaska, Louisiana, Nevada, Ohio, Vermont, Hawaii, or Wisconsin. Additional state restrictions may apply. Equal opportunity lender.