Details for AUCTION



Real Estate

September 25, 2019
@ 6:00pm

No Buye

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.

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:
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.


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