No Reserve Garrett Indiana Real Estate Auction

July 13, 2017

Auction Location:

106 S Ijam Street
Garrett, IN 46738

Presented By:

326 Auctions
2193 General Doolittle Dr.
Garrett, IN 46738
Phone: (260) 572-6490


Ryan Jernigan - #AU10700095

No Reserve Real Estate Auction

Thursday July 13th – 5:00 PM

Inspection by Appointment only


Property Address:  106 S Ijams Street, Garrett IN 46738

Legal Description: OP-LOT 21 BLOCK 28

Parcel Identification:  17-09-04-231-028.000

Description: Don’t miss this opportunity to buy this large 3 bedroom 2 bath home situated on a large city lot with mature trees and a large two car detached garage.  This home is would make a great rental or single-family home.   The property has had great rental history for the last several years!!

Property Specifications:                                                                                                   LR – 21x12                      Above Ground Square Footage – 1,936

KT – 12x15                      Below Ground Square Footage – 728

MB – 10x12                     Year Built – 1900

2B – 8x10                         Exterior – Vinyl Siding

3B – 10x12                        Foundation – Partial Basement

Taxes - $1,462.49

Terms:  General Information: All information contained in this brochure and/or related materials are believed to be accurate but are not warranted, and the sellers and the auction company assume no liability for its accuracy. Prospective buyers are advised to rely on their own due diligence, information and independent inspections for verification. Information contained in the brochure and related materials shall be subject to the terms and conditions in the purchase agreement. Real estate is being sold in an “As is, where is condition, with faults” and with no expressed or implied warranties by the seller or 326 Auctions, Inc.

Procedure: Successful bidder(s) will be required to enter into an irrevocable purchase agreement immediately following the closing of the bidding process. Seller shall also execute a Lead Based Paint Disclosure and a Residential Sales Disclosure at the end of the auction.

Terms: A Non-Refundable earnest money down payment of 10% percent of the total purchase price or $2,500 (whichever is greater) is due immediately at the close of the auction. The balance will be due and payable in full upon delivery of merchantable title and warranty deed. The down payment may be in the form of cash, money order, cashier’s check or personal check. Checks must be made payable to 326 Auctions, Inc. and will be deposited only if the bid is accepted. Your bidding is not contingent on financing, so be sure you have financing arranged, if needed, and are capable of paying cash at closing.

Title: Seller will furnish an owner’s policy of title insurance in the amount of the purchase price. Cost of the owners policy to be split equally. Title to the property will be conveyed by the General Warranty Deed.

Real Estate Taxes: Shall be prorated to the day of closing.

Closing Information: Closing will take place within 30 days after proof of an insurable title. The balance of the purchase price will be due in cash at closing and any fees charge by a closing agent or persons acting in such capacity shall be shared equally between buyer and seller.

Survey: Any survey required by the buyer or the buyer’s lender will be paid for by the buyer.

Agency Relationship: 326 Auctions, Inc and their representatives are exclusive agents of the seller.

Buyer Premium:  A three percent 3% non-refundable buyer premium will be added to the final bid price to determine the final bid price.

Owner – John Hess

All items sold in an “as is where is” condition. Auction company nor seller responsible for accidents. Sale day announcements take precedence over previously printed and on-line material. If you have questions please call for more information.