Details for AUCTION
14.7 acres + A UCTION Real Estate September 25, 2019 @ 6:00pm r’s No Buye Premium! Auction Location: South Putnam High School 1780 East US Highway 40, Greencastle, IN 46135 Property Location: 7840 S County Rd 625 W, Reelsville, IN 46171 Parcel 1: 2.7+/- acres Parcel 2: 12.0+/- acres Owner: South Putnam School Corporation Attorney at Law: Sutherlin, Zeiner and Barclay 14.7+/- acres will be sold at auction as individual parcels or as a whole. Parcel 1 includes the Reelsville Elementary School. Parcel 2 includes the ball diamonds and wooded area. TERMS OF REAL ESTATE Successful purchaser(s) pays 10% of purchase price, non-refundable escrow deposit, the day of sale with the balance due on or before November 11, 2019, or within 5 days after delivery of a commitment for title insurance. Owner is tax exempt, there is no current tax base for this property. Possession of parcels will be after closing. Closing fee will be split between the seller and the buyer(s). Final bid is subject to the final confirmation of the seller. A survey will be required and the fee will be split between the seller and buyer(s). If the property sells as individual parcels, closing on parcel 1 must occur before parcel 2. If closing on parcel 1 does not occur, the contract on parcel 2 will be null and void. Property will be sold as CASH - NOT contingent upon financing. However, if financing is needed, it is at the responsibility of the buyer. Tax identification parcel numbers to be auctioned: 67-11-21-403-003.001-019 67-11-21-403-001.001-019 67-11-21-403-002.000-019 67-11-21-403-003.000-019 DISCLAIMER AND ABSENCE OF WARRANTIES: Vaughn Auctions LLC has taken all reasonable care to ensure the accuracy of the information on all material related to the property identified. Vaughn Auctions LLC and the seller shall not be held responsible for any errors, omissions or misunderstanding. All potential bidders are responsible to conduct inspections, verify information and any previously printed material or information displayed on due diligence concerning the property. The property is being sold “AS IS” with the understanding between all parties that there are no warranties from the seller or Vaughn Auctions LLC. Vaughn Auctions LLC reserves the right to make announcements prior to the start of the auction that will take precedence over printed advertisements. The staff at Vaughn Auctions LLC has an ethical responsibility to communicate all information and to disclose any known facts that may affect the value or desirability of the property that is being auctioned.