Online Real Estate Auction

Sprawling Ranch on 7.63 +/- Acres - Commercial Potential

Online Bidding Open December 11th - 18th - First Item Ending at 6:00 PM

Owner: Thomas and Mary Beth Tippmann Trust   |   Sale Manager: Brandon Steffen and Pat Carter    |   Contact: 260-426-0633

ONLINE ONLY AUCTION

INSPECTION LOCATION: 7707 N Clinton Street  |  Fort Wayne, IN 46825

INSPECTION DATES: The property will be open for inspection on the following dates:

Wednesday, December 6th and 13th, from 4:00 pm to 6:00 pm.

ONLINE BIDDING & AUCTION CATALOG

VIEW ALL AUCTION IMAGES

PRIME REAL ESTATE OPPORTUNITY LOCATED IN NORTHEAST FORT WAYNE

Online Bidding

The auction will be held online via HiBid.com.

Auction Inspection

Inspection Location: 7707 N Clinton Street  |  Fort Wayne, IN 46825

The property will be open for inspection on the following dates:

Wednesday, December 6th and 13th, from 4:00 pm to 6:00 pm.

Real Estate Information

County: Allen County
Parcel # 02-08-07-451-002.000-072; 02-08-07-451-001.001-072
Lot Size: 7.63 +/- Acres
Garage Converted to family room / Can be converted back to a garage.
Small Barn 12' x 24' / with overhead door and electricity
Total Finished Square Footage: 2,900 SF
Above Grd Finished Square Footage: 2,234 SF
Below Grd Finished Square Footage: 1,034 SF
Total Bedrooms: 2 Bedrooms on Main Level and Possible 3rd Bedroom in Basement
Bathrooms: 2 Full Bathrooms - 1 Half Bathrooms
Heating: Gas Forced Air - Installed 6/2020
Cooling: Central Air
Water: City Water
Sewer: City Sewer
Exterior: Brick / Vinyl
Foundation: Basement

Room Sizes

Living Room: 14'x 26'
Kitchen: 10' x 18'
Dinning Room: 13' x 7'
Family Room: 30' x 17'
Four Season Room: 17' x 9'
Bedroom 1: 12'x 15'
Bedroom 2: 13' x 12'

LOWER LEVEL

Recreational Room: 30' x 13'
Lower Level Office: 15' x 10' - Could be used as a third bedroom with the installation of a window for egress.

Real Estate Description

Welcome to this exceptional property located on North Clinton Street, featuring 7.63 acres of wooded surroundings. This sprawling ranch home offers comfortable living space and holds excellent commercial potential. Boasting 3,268 square feet of finished living space, this home offers the perfect blend of comfort and functionality.

The heart of this home is its expansive eat-in kitchen, featuring custom cabinetry and stainless steel appliances. Adjacent to the kitchen is a charming four-season room, providing breathtaking views of the backyard and 1/2 acre pond.

The first floor encompasses a dining room, two generously sized bedrooms, a spacious living room, and a family room adorned with built-in cabinetry. Additionally, the first floor boasts 1 1/2 baths, adding to the convenience of this thoughtfully designed home.

The partially finished basement features a large rec room, ideal for entertaining guests, and a versatile office space, perfect for those working from home. The basement adds an extra layer of living space to this already impressive property.

This home has undergone improvements, including a new HVAC system, newer windows, and updated appliances.

The property is further improved with three sheds, with including a 12'x24' shed featuring an overhead door, electricity and shop area.

Whether you're captivated by the potential for commercial use or looking for a property with wooded acreage close to shopping, schools and restaurants look no further you have found it. Inspect, Arrange Financing, and Bid Your Price.

Property Aerial

AUCTIONEER'S NOTE:

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We hope to see you at the sale!

AUCTION TERMS & CONDITIONS

Property: 7707 N Clinton Street, Fort Wayne, Indiana.
Online Auction Start Time: Monday, December 11, 2023 – 9:00 am
Online Auction Real Estate End Time: Monday, December 18th – 6:00 pm
** The close of bidding is a “soft close/ automatically extended.” if a bid is received during the last two minutes of bidding will automatically be extended an additional two minutes.

PLEASE READ AND REVIEW THE REAL ESTATE TERMS THOROUGHLY PRIOR TO BIDDING ON THIS PROPERTY

IF YOU HAVE NOT READ AND UNDERSTAND THESE TERMS - DO NOT PLACE A BID
BY BIDDING ON THE PROPERTY, BUYER AGREES TO ALL TERMS AND CONDITIONS SET FORTH AND ENTERS INTO A CONTRACTUAL AGREEMENT TO PURCHASE THE PROPERTY UNDER THE FOLLOWING TERMS AND CONDITIONS:

UPON CONCLUSION OF THE AUCTION: The Winning Bidder will be emailed a Real Estate Contract to either sign digitally or to print and sign without any modifications and return the completed and signed contract to The Steffen Group Inc. by email, fax or in person by 10:00 AM the day following the auction. Along with the completed, signed contract, the Winning Bidder will be required to send the specified non-refundable earnest money deposit as stated in the property description. This non-refundable earnest money deposit will be held in escrow until closing and that amount will then be credited to the Buyer as part of the purchase price of the property.

Successful bidder not executing and returning the completed contract and earnest money deposit 10:00 AM the day after the auction will be considered in default. Such default by the Successful Bidder will result in that Bidder’s liability to both the Seller and The Steffen Group, Inc. Seller shall have the right to (a) declare this contractual agreement cancelled and recover full damage for its breach, (b) to elect to affirm this contractual agreement and enforce its specific performance or (c) Seller can resell the property either publicly or privately with The Steffen Group Inc. and in such an event, the Buyer shall be liable for payment of any deficiency realized from the second sale plus all costs, including, but not limited to the holding costs of the property, the expenses of both sales, legal and incidental damages of both the Seller and The Steffen Group Inc. In addition, The Steffen Group Inc. also reserves the right to recover any damages separately from the breach of the Buyer.

Method of Payment: A non-refundable earnest money deposit in the amount of 10% of the purchase price will be required at the conclusion of the online auction, with the balance due the day of final closing. Closing shall 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: The property is selling with reserve and subject to the confirmation of the seller.

Title: Seller will provide the buyer with a commitment of title insurance in the amount of the purchase price insuring the transfer and marketability of the title. The seller will provide the buyer with a fully executed Trustee's 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 buyer's lender requires a survey it will be at the sole cost of the buyer.

Agency: The Steffen Group Inc. is acting as the exclusive agents 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.

Disclaimer and Absence of Warranties: All information contained in the brochure, website 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.

BIDDING AND REGISTRATION INFORMATION
BIDDER VERIFICATION: Bidding rights are provisional, and if identity verification is questionable, The Steffen Group Inc. has the right to reject the registration, and bidding activity will be terminated. The Seller and The Steffen Group, Inc. reserve the right to preclude any person from bidding if there is any question as to the person's credentials, mental fitness, etc. Bidders agree to keep their username and password confidential as they are responsible for ANY and ALL activity involving their account. If the registered bidder's user name is offensive to The Steffen Group, Inc. or in their sole opinion detrimental to Bidding Activity, then The Steffen Group, Inc. reserves the right to delete the bidder from bidding or unilaterally change the username with notification to the Bidder.