W Liberty Street, Butler, IN 46721 - DeKalb County

Online Auction - Lender Ordered Subdivision Liquidation - Friday, November 1st - 12:00 Noon

Chapman Trails Subdivision - Phase II - 19 Residential Lots

W Liberty Street

Butler, IN 46721

Owner: Bippus State Bank

Sale Manager: Josh Lewis

Contact: 260-426-0633

Submit Bids Online or Directly to The Steffen Group

Online Auction - Online bidding available by clicking the link above.

To request a packet to submit your bid by hand, please call (260)426-0633.

Inspection

Feel free to walk the lots at any time. Call The Steffen Group if you would like to schedule a time for a representative to meet you at the property.

Bidding Instructions

Bids can be placed online, or contact The Steffen Group for a bidder packet to submit your bid by hand.

Real Estate Description

Explore the potential in Chapman Trails subdivision in the small community of Butler, Indiana, located on U.S. 6 northeast of Auburn, Indiana. This subdivision is in it's second phase, and is over 50% completed. All streets are in place, and 19 lots remain. Take advantage of the incredible investment opportunity that this subdivision offers.

Online Bidding Tract Descriptions

Tract 1: Lots 19-27 - This package of lots contains all 9 lots on the south side of Independence Street.

Tract 2: Lots 31-33, 36-37, 52-54, 70-71 - This package offers 10 lots on both Liberty Street and Independence Street. Note: Lot 71 is a non-buildable lot due to a drainage easement.

Tract 3: Combination of all 19 lots.

Terms & Conditions

Method of Payment: A non-refundable earnest money deposit in the amount of 10% of the purchase price will be required the day of sale with the balance due the day of final closing. Closing to be within 30 days of the auction. The closing fee shall be split 50/50 between buyer and Seller. This real estate is being sold for cash and your bidding is not contingent upon financing. Have your financing prearranged prior to auction day.

Buyers Premium: In order to determine the final sales price of the real estate, a 3% buyers premium will be added to the winning bid.

Acceptance of Bid: Successful bidder will be required to enter into a purchase agreement immediately following auction. The Property is selling subject to confirmation of the seller.

Title: Seller will provide buyer with a commitment of title insurance in the amount of the purchase price insuring the transfer and marketability of title. Seller will provide buyer with a fully executed deed conveying title to the buyer.

Taxes: Taxes will be prorated to the day of final closing.

Possession: Day of final closing.

Survey: The Seller will not provide buyer with a survey. If buyer or buyers lender requires a survey it will be at the sole cost of the buyer.

Agency: The Steffen Group Inc. is acting as the exclusive agent of the seller.

Property Disclosure: This property is being sold as-is and where is with no warranty being expressed or implied as to the physical condition, specific zoning or available permits by the Seller, Auction Company or its Agents. The Buyer shall conduct his or her own investigation of the property and bid accordingly. Statements made the day of the sale take precedence over any and all printed material.

Disclaimer and Absence of Warranties: All information contained in the brochure and all related materials are subject to the terms and conditions outlined in the purchase agreement. Conduct of the auction and increments of bidding are at the direction and discretion of the auctioneer.