OLO Kouts 2 Parcel Real Estate Auction
Open House: September 21st 10am-12pm. Can't make it? Call for a private showing.
Online Only
Real Estate Auction
Bidding Begins to Close September 29th @ 5:30pm CDT
Parcel 1: 501 North Main Street Kouts, IN.
Welcome to downtown Kouts and this beautiful homestead being sold at auction. Built in 1940 this 1.5 story Cape Cod home features 2400+ finished square feet, partial basement, 3 bedrooms, and 2.5 baths. Highlights of the home include central air, wood burning stove in the family room, updated kitchen with stainless steel appliances, hardwood floors, and a wood deck. Detached from the home is an oversized 2 car garage next to the home. What makes this property truly special is the large pole barn behind the home. This custom barn has a 24'x38' pole barn with two additional lean-to structures and an additional storage shed. The home, garage and barn set on a 0.91 acre lot with mature trees. This home is a rare find, and do not miss your chance to buy this one at auction. Taxes 2024 Pay 2025: $1,994.94 (with exemptions).
Minimum Opening Bid: $129,900.00
"Sells to the highest bidder at or above the opening bid!"
Parcel 2: Adjacent Vacant Lot on North Main Street Kouts, IN.
Parcel Number: 64-16-07-476-007.000-014
Here is a rare opportunity to find a buildable lot in downtown Kouts. This 1.38 acre lot is 226' x 266'. Building lots are far and few between, so do not miss this opportunity! This lot is also to the south of parcel 1, and a great addition for the parcel 1 buyer too. Taxes 2024 Pay 2025: $436.96.
Minimum Opening Bid: $19,900.00
"Sells to the highest bidder at or above the opening bid!"
Open House: September 21st 10am-12pm. Can't make it? Call for a private showing.
Owner: Timothy and Donna Brown Life Estate
General Terms: $10,000 non-refundable down payment per parcel due within 24 hours of sale closing, sold as-is, closing in 30 days, possession at closing, warranty deed, taxes pro-rated and final to day of closing, published minimum bid $129,900 and $19,900, and subject to a 10% buyer's premium or $3,500, whichever is greater. Buyer's may obtain financing, but sale is not contingent on financing. Buyer broker participation is welcome.
Kraft Real Estate Auctions, LLC - AC31900011
Col. Conrad Kraft- AU01023657
Jonathan Kraft – AU10500173
Managing Broker: Jay Mayden
219-973-9240 ~ Info@KraftAuctions.com
KraftAuctions.com
DOWN PAYMENT: $10,000 down payment within 24 hours of auction closing and with balance in cash at closing. The down payment may be in the form of cash, cashiers check, personal check or corporate check. YOUR BIDDING IS NOT CONDITIONAL UPON FINANCING, SO BE SURE YOU HAVE ARRANGED FINANCING, IF NEEDED, AND ARE CAPABLE OF PAYING CASH AT CLOSING.
BUYER`S PREMIUM: A buyer's premium of 10%, will be added to the final bid price of the property.
APPROVAL OF BID PRICES: All successful bidders will be required to enter into purchase agreements at the auction site immediately following the close of the auction. All final bid prices are subject to the Sellers acceptance or rejection.
DEED: Seller shall provide a warranty deed.
EVIDENCE OF TITLE: Seller shall provide title insurance in the amount of the purchase price.
CLOSING: Closing shall take place in 30 days,
POSSESSION: At closing.
REAL ESTATE TAXES: Taxes are pro-rated and final at day of closing
ACREAGE: All acreage is approximate and has been estimated based on current legal descriptions and/or aerial photos.
SURVEY: There shall be no survey
EASEMENTS: The sale of the property is subject to any and all easements of record.
DISCLAIMER AND ABSENCE OF WARRANTIES: All information contained in this brochure and all related materials is subject to the Terms and Conditions outlined in the Purchase Agreement. Tract acreage has been estimated based on aerial photographs. The property is being sold on an AS IS, WHERE IS basis, and no warranty or representation, either express or implied, concerning the property is made by the Seller or the Auction Company. Each potential bidder is responsible for conducting his or her own independent inspections, investigations, inquires, and due diligence concerning the property. The information contained in this brochure is subject to verification by all parties relying on it. No liability for its accuracy, errors, or omissions is assumed by the Seller or the Auction Company. All sketches and dimensions in this brochure are approximate. Except for any express warranties set forth in the sale documents, purchaser(s) assumes all risks thereof and acknowledges that in consideration of the other provisions contained in the sale documents, Seller and the Auction Company make no warranty or representation, express or implied or arising by operation of law, including an warranty of merchantability or fitness for a particular purpose of the property, or any part thereof, and in no event shall Seller or the Auction Company be liable for any consequential damages. Conduct of the auction and increments of bidding are at the direction and discretion of the auctioneer. The Seller and Auction Company reserve the right to preclude any person from bidding if there is any question as to the persons credentials, fitness, etc. All decisions of the auctioneer are final.
ANNOUNCEMENTS MADE BY THE AUCTION COMPANY AT THE AUCTION PODIUM DURING THE TIME OF THE SALE WILL TAKE PRECEDENCE OVER ANY PREVIOUSLY PRINTED MATERIAL, OR ANY OTHER ORAL STATEMENTS MADE.