Online Only Auction
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Date(s)
6/4/2024
AUCTIONEER INFORMATION
Bidding Notice:

This is an internet-only auction. All bidding activity will take place online. This is a soft-close auction. A bid placed on any lot during the last 5 minutes extends the time to bid ON ALL 3 LOTS by 5 minutes.


Information
Lot # 1
Group - Category Real Estate - Residential
Lead 4 BR Home on 5 Acres - Bloomfield, Indiana
Description
This 4 bedroom, 2 bath, 3,136 sq. ft. home sits on approximately 5 wooded acres 7 miles southeast of Bloomfield, Indiana at 5615 E. Mineral-Koleen Rd. If necessary, the north line of this parcel will be established with a seller provided survey. This split-level home includes an open kitchen/dining area with a fieldstone faced, wood burning fireplace, which currently has a wood stove insert. The dining area has a full wall of cabinets for storage and countertop perfect for staging pans for large family meals. Just off the dining area is the sunroom. 3 walls of windows make this the perfect place to have your morning coffee and to keep all your plants going throughout the winter. The main level has the living room and the Master BR with direct bathroom access. The remaining 3 bedrooms and full bath are on the upper level. The use of 2 12' x 24' rooms is left to your imagination. These side by side rooms each have a sliding glass door which open onto a 500 sq. ft. wood deck. One room has a sink, the other has an additional door leading to the back yard. Many possibilities here. The 40' x 40' attached garage provides plenty of space for 4 vehicles. Included in this space are 2 finished, climate controlled rooms, a 16' x 24' and a 16' x 16', currently being used for storage and a workshop, respectively, but have previously been additional living space. The home has 2 furnace/heat pump/central a/c units, is total electric, has city water and septic tank. Please read all terms and conditions before bidding in this auction.
Name Home & Land in 3 Parcels-106 Acres Total-Bloomfield, Indiana
Auctioneer
Type Online-Only Auction
Date(s) 6/4/2024
Auction Date/Time Info
Auction has been cancelled.
Preview Date/Time Sunday, June 9, 2024 - 2:00 p.m. to 4:00 p.m. Monday, June 17, 2024 - 5:00 p.m. to 7:00 p.m.
Checkout Date/Time Monday, July 22, 2024 or later.
Location
Buyer Premium No Buyers Premium
Description
106 WOODED ACRES & 4 BR HOME OFFERED IN 3 TRACTS BY ONLINE-BIDDING AUCTION Property on Mineral-Koleen Rd., 7 miles southeast of Bloomfield. *3100 sq. ft. 4BR/2BA home, 4 car garage, on 5 wooded acres. *21 wooded acres with road frontage, building sites and approximately $10,000 net-to-owner of marketable timber. *80 acres of Classified Forest with approximately $40,000 net-to-owner of marketable timber. See each individual lot for complete information on the parcel. This is a soft-close auction. A bid placed on any lot during the last 5 minutes extends the time to bid ON ALL 3 LOTS by 5 minutes.
**Contact auction company for copy of auction purchase contract. This is a soft-close auction. A bid placed on any lot during the last 5 minutes extends the time to bid ON ALL 3 LOTS by 5 minutes. REAL ESTATE AUCTION TERMS & PROCEDURES DOWN PAYMENT: A down payment of $5,000.00 on each parcel will be made following the auction, with the balance due at closing. The down payment may be made in the form of cash, cashiers check, personal or corporate check. Your bidding is not conditional upon financing, so be sure you have arranged financing, if needed, and are capable of paying in full at closing. ACCEPTANCE OF BID OFFERS: Successful bidder(s) will be required to enter into a purchase agreement immediately following the close of the auction. The final bid offer is subject to the Seller’s acceptance or rejection. EVIDENCE OF TITLE: An ALTA Title Insurance Commitment in the amount of the Contract Price will be issued. Seller shall pay the fees incurred for title search and Seller’s title insurance policy. DEED: Seller shall provide General Warranty Deed. CLOSING: The balance of the real estate purchase price is due at closing, which will take place on, or before, July 22, 2024. If survey is required, closing date will be within 10 days after completion of survey, not before September 9, 2024. POSSESSION: Possession will be given at closing. REAL ESTATE TAXES: Seller to pay taxes for 2023 payable 2024. 2024 taxes will be prorated to the day of closing. ACREAGE: All boundaries are approximate and have been estimated based on current legal descriptions. SURVEY: If a survey is needed it will be provided by the Seller. EASEMENTS: Sale of the property is subject to all easements of record. AGENCY: Wells Auction & Realty 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 “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, 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 Sellers or the Auction Company. Conduct of the auction and increments of bidding are at the direction and discretion of the Auctioneer. The Sellers and Selling Agents reserve the right to preclude any person from bidding if there is any question as the person’s credentials, fitness, etc. All decisions of the Auctioneer are final.
Your bid must adhere to the bid increment schedule.
Bid Amount Bid Increment
0.00 - 9,999,999.99 1,000.00 USD
Currency USD
Buyer Premium No Buyers Premium
Payment Terms
$5,000 down payment due shortly after day of auction. Balance is due at closing.
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