Wells County Real Estate Auction

Home - Two Unit Apartment - Detached Garage

Thursday January 11th  - 6:00 PM  |  4917 E 100 N,  Bluffton, IN 46714

Owner: Estate of Mary Lynn Lautzenheiser   |   Sale Manager: Isaac Stoller   |   Contact: 260-426-0633

LIVE AUCTION

PROPERTY ADDRESS: 4917 E 100 N  |  Bluffton, IN 46714

INSPECTION DATES: Inspection Dates

Thursday January 4th from 4:00 PM to 6:00 PM

Saturday January 6th from 10:00 AM to 12:00 Noon
 

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RARE OPPORTUNITY TO PURCHASE A HOME AND DETACHED TWO UNIT APARTMENT WITH THE POTENTIAL OF 4TH UNIT.

Auction Location

4917 E 100 N Bluffton IN 46714

Auction Inspection

Inspection Location: 4917 E 100 N  |  Bluffton, IN 46714

Inspection Dates

Thursday January 4th from 4:00 PM to 6:00 PM

Saturday January 6th from 10:00 AM to 12:00 Noon

Real Estate Description

Take advantage of this rare opportunity to purchase this one-of-a-kind property. This property is located just East of Bluffton on 100 N (Dustman Road) with quick access to Bluffton, Decatur and Fort Wayne. The main home was once the old township school building that has been converted into a charming abode. Attached to the main home through the covered porch with separate access on the second drive is what was previously a dance studio that, with the addition of a kitchen, would make a great mother-in-law suite, Airbnb, or apartment. Just East of the home is a detached two-car garage with additional storage in the back. Just East of the Garage off the 3rd drive is a two-unit apartment building, each one bed/bath and private storage shed. Both dwellings are connected to the new regional sewer district, and the monthly sewage cost is currently $190 per month. So much opportunity and potential with this property; the options are endless.

General Information

GENERAL INFORMATION:
County: Wells County
Parcel # 90-05-26-400-008.000-010
Real Estate Taxes $996.38 2022/2023
Lot Size: 2.0 +/- Acres

 

Information on Single Family Home

Total Finished Square Footage: 2,364 SF
Garage 2 Car detached - 24'x48' built in 1976
Total Bedrooms: 2
Bathrooms: 2 Full Bathrooms
Heating: Gas Forced Air
Cooling: Central Air
Water: Well
Sewer: Regional
Foundation: Crawl/Slab

ROOM SIZES:
Family Room: 23'x 12'(w/ Gas Log Fireplace)
Kitchen: 23'x 10'
Dinning Area: 11' x 11'
Primary Bedroom 14'x 9'
Bedroom 2: 11'x 10'
Office : 15' x 12'
Studio 1: 23' x 11'
Studio 2: 23' x 11'
Studio Entry: 19' x 9'

Apartment Building Information

Total Building(s) Size: 1,288 SF
Unit Mix Information:
1Bd/1 Bath: 2
Construction Year: 1968
Number of Floors: 1
Heating:
Air Conditioning:
Monthly Rent: Unit #1 is renting for $550.00 / Unit #2 - Vacant
*** Anticipated Rent Per Unit $800.00 per month - Gross Income Potential $19,200.00

 

AUCTIONEER'S NOTE:

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We hope to see you at the sale!

AUCTION TERMS & CONDITIONS

REAL ESTATE

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. This real estate is being sold for cash and your bidding is not contingent upon financing. Have your financing prearranged prior to auction day.

Acceptance of Bid: Successful bidder will be required to enter into a purchase agreement immediately following auction at the site. The property will sell 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 Personal Representative Deed conveying title to the buyer. The closing fee charged by Metropolitan Title shall be split 50:50 between the Buyer and Seller.

Possession: Day of final closing; subject to tenant rights.

Survey: A preliminary survey has been completed and will be provided to the buyer at no cost.

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.