ABSOLUTE REAL ESTATE AUCTION

OWEN, CLAY & PUTNAM COUNTIES

BURMA ROAD, POLAND 40, REMAINING LOTS IN KINNIKINNICK RIDGE, REMAINING LOTS THE CATARACT SUB. OFFERED AS 1 TRACT, “THE OLD TIRE STORE” CATARACT & REMAINING LOTS IN SYLVAN GLADES, ALL OFFERED IN THEIR ENTIRETY IN 6 TRACTS

AUCTION DATE:

WED., AUG. 23RD  @ 6:00 PM EST

AUCTION LOCATION:

Cloverdale Community Center

Showing: 

Tues., Aug. 15th from 4 to 6 PM EST 

Showing headquarters will be at the Cataract Lake Lodge at:

4779 State Highway 42 – Quincy, IN 47456

TRACT #1 - (Burma Rd.) 

• 26 +/- acres located on State Road 243 (approximately 2 mile south of I-70 at exit #37) at CR 1000 S, Cloverdale, Putnam County, IN. 
• This parcel could be used for agricultural purposes or as a nice country home site.  The property has road frontage on both the north side and the east side and the topography is level.
• Located just 2 miles north of the Lieber State Recreation Area and Cagles Mill Lake, this tract is perfectly situated for outdoor enthusiasts.
• Public utilities provided by Duke Energy & Cloverdale Lake Water Corp.

TRACT #2 – (Poland, IN Acreage)

• The property is located on the south side of Hwy. 42 east of Poland, Clay County, IN.  The property is rolling and would be ideal as an agricultural site or for recreation and also has several highly desirable potential home sites.
• This tract contains 40.583 +/- acres.
• Utilities provided by South REMC and Cataract Lake Water Corp.

TRACT #3 – (Kinnikinnick Ridge)

• Remaining lots in Kinnikinnick Ridge.  There are 6 remaining plated lots (Lots include 8, 12, 13, 14, 15 & 16) in the Kinnikinnick Ridge subdivision that will be offered in bulk and as one sale.  These lots are mostly beautiful wooded rolling to hilly potential residential sites.
• From US Hwy. 231 (just north of State Hwy 67 near Cuba), turn west on Wesley Chapel Rd, then turn left on Rocky Hill Rd. to property.

TRACT #4 – (Cataract Subdivision)

• Remaining lots in Cataract subdivision located on State Road 243 in Owen County, IN near Cataract Lake & the community of Cataract.
• Cataract  Phase V lots include Lots 10, 11, 12, 67, 68, 69, 70 and 71.
• Cataract Phase VI lots include Lots 8, 9, 12, 13, 23, 24, 27, 28, 33, 34, 35, 36, 37, 38, 45, 46, 47, 48, 49 and 50.
• Cataract Phase VII lots include Lots 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35, 36.
• Also includes a 3 acre tract of unplatted land.
• Utilities provided by South REMC and Cataract City Water.
• THESE LOTS WILL BE OFFERED IN BULK AS ONE SALE.

TRACT #5 – (Cataract Tire Store) 

• 12.77 +/- acres (unplatted) on Hwy. 42, commonly referred to as the Old Tire Store.  This property fronts Hwy 42 and is located just east of Hwy 243.  The land is mostly a level to gently rolling topography and backs up to the Cataract Subdivision lots in Tract 4.

TRACT #6 – (Sylvan Glades)

• Remaining lots in Sylvan Glades being lots 9, 12, 13, 17, 18.  These lots mostly have a gently rolling topography.  There are some trees in the subdivision. 
• From Hwy. 42 east of Poland, IN, go north on W. Dam Rd., then left on Buffalo Rd. to property.
• THESE LOTS WILL BE OFFERED IN BULK AS ONE SALE.​

Terms: 

The real estate will sell at Absolute Auction to the high bidder regardless of price.  A 10% earnest money deposit is due on auction day with the balance due within 45 days.  The purchaser shall assume the real estate taxes due and payable in Nov. 2017.  Possession will be at the final closing.  Any closing fee (typically $250 - $300) charged by a title company or escrow agent to close the transaction will be split evenly between buyer & seller.

IMPORTANT INFORMATION:

Interested Buyers should be aware that the Seller and owner of the real property is the Estate of Hilton Smith. The real property is being sold in “as is, where is” condition WITH ALL FAULTS, WITHOUT REPRESENTATIONS OR WARRANTIES OF ANY KIND.  Buyer accepts the property in its current condition on the date of sale.  Languell Title Company will provide a current title commitment for each property.  The real property will be sold subject to all disclosures listed in the title commitment. Buyer will be responsible for all closing costs and title insurance costs, if Buyer chooses to have title insurance for the property. All real property will be transferred by Quitclaim deed.

Any information provided by Seller is based on information and sources believed to be reliable, but no representation or warranty, express or implied, is being made by Seller or any of its respective representatives, affiliates, officers, employees or directors, as to the accuracy and completeness of the information contained herein, nor does it purport to be inclusive or to contain all of the information.  Seller disclaims any and all liability for representations or warranties, express or implied, contained in, or for omissions or any other written or oral communication transmitted or made available to the recipient. Buyer acknowledges it will solely rely on results of its own investigations regarding any real property being sold.

Owner: 

Estate of Hilton Smith