OLO Irish Lake Real Estate Auction - Min. Bid $199,900

Kraft Auction Service

 

Date(s) 5/22/2023 - 6/22/2023

Bidding Begins to Close June 22nd @ 5pm EST

Past Auction
Online-Only Auction
Shipping Not Available
Auction Information
Name OLO Irish Lake Real Estate Auction - Min. Bid $199,900
Auctioneer
Type Online-Only Auction
Date(s) 5/22/2023 - 6/22/2023
Auction Date/Time Info
Bidding Begins to Close June 22nd @ 5pm EST
Preview Date/Time Open House: June 10th 11am-1pm. Can't make it? Call for a private showing.
Location
Buyer Premium 10% buyer's premium
Description
Online Only Real Estate Auction Bidding Begins to Close June 22nd @ 5pm EST Located at 131 Ems B61i Lane Warsaw, IN The water is calling your name with this waterfront home on the Barbee Chain of Lakes. Located at the mouth of the Irish Lake this single story ranch home features 2 bedrooms, 1 bath, 810 square feet of space, four seasons room, and a large deck to enjoy those beautiful lake views. Enjoy the sunset views every night from the deck or from inside the home with all the windows. The home sets on a 0.12 acre lot that 60' of water frontage. Recently the sea wall has been replaced and a new four pier section was installed. Mature trees in the yard provide the perfect amount of shade. This home has been well maintained and will be ready for you to move-in and enjoy those beautiful summer days at the lake! The Barbee Chain of Lakes consists of seven lakes: Barbee, Little Barbee, Kuhn, Sawmill, Sechrist, Banning, and Irish Lake. The seven lakes combine for over 4,700 acres of lake for you to enjoy. From watersports to fishing, there are all the activities available to you on the chain of lakes. Also several different dining options on the lakes and even the famous Barbee Hotel where you can get a good bite to eat and guest can stay too! The Barbee Chain of Lakes is outstanding place to enjoy your summer months with endless opportunities. Do not miss your opportunity to purchase this affordable waterfront home at auction! Taxes 2022 Pay 2023: $712.68 (with exemptions). Minimum Opening Bid: $199,900.00 "Sells to the highest bidder at or above the opening bid!" Open House: June 10th 11am-1pm. Can't make it? Call for a private showing. Owner: Rhonda Brink Living Trust General Terms: $10,000 non-refundable down payment to be paid within 24 hours of auction closing, closing in 30 days, sold as-is, possession at closing, trustee deed, taxes prorated and final to day of closing, minimum opening bid of $199,900, 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
DOWN PAYMENT:$10,000 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% 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.
Your bid must adhere to the bid increment schedule.
Bid Amount Bid Increment
0.00 - 199,999.00 100.00 USD
199,999.01 - 9,999,999.99 500.00 USD
Currency USD
Buyer Premium 10% buyer's premium
Payment Terms
DOWN PAYMENT: $10,000 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% 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.
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.