Expanding Your Horizon, Generation After Generation
Expanding Your Horizon, Generation After Generation
Open house/inspection:
The Parker Trust Estate Land Auction 61.57+/- Acres Offered in 4 Tracts!
Country Homestead • Tillable Cropland • Woods
Bid Live or Online: Saturday, July 25, 2026 • 10 am
Property Address: 10118 E. 450 S., LaOtto, IN 46763
Real Estate Only Open House: Saturday, July 11th from 1-2 pm or schedule a private showing! Schedule Your Private Showing Today! Call/Text Auction Managers: Tiffany Reimer • 260.571.7910 • Justin Nicodemus • 260.246.3778 • Metzger office 260.982.0238 • [email protected]
This spacious country home offers 4 bedrooms, 3 full bathrooms, and a versatile layout. The main level features a large open-concept kitchen, dining, and living area, along with the primary suite complete with an ensuite bath and three closets. 2 additional bedrooms and a full bath complete the main floor. The finished lower level provides excellent flexibility with a second kitchen, a comfortable living area, an additional bedroom, an updated full bathroom, laundry area, and access to the attached 2-car garage. Outside, you'll find a generous yard lined with mature apple trees, creating the perfect setting for potential gardening, hobby farming, or a small homestead. The property is highlighted by an impressive 60' x 87' x 10' pole barn featuring 4 overhead doors and 2 sliding doors, offering exceptional space for equipment, vehicles, livestock, storage, or workshop needs. An additional oversized lean-to provides even more storage capacity or livestock pen opportunities. Enjoy the peace and privacy of country living while taking advantage of the property's outstanding improvements and endless potential.
This exciting property will be offered via a Live Auction with an Online Simulcast on Saturday, July 25th at 10 am. Terms & Conditions of this sale are as follows: your bid constitutes a legal offer to purchase & the final bid shall constitute a binding contract between the Buyer and Sellers. The auctioneer will settle any disputes as to bids and his decision will be final. The acreages listed in this brochure & all marketing material are estimates taken from county records, FSA records and/or aerial photos.
Survey work is in progress, and the cost of the survey will be shared 50/50 between the Seller & Buyer. This Auction will have Varied Buyer's Premium that will be collected on top of the winning bid as follows: Tract 1, the home: a 4% Buyer’s Premium will be added and Tracts 2-4, the land, a 2% Buyer’s Premium will be added. An earnest money deposit will be due on the day of the auction with the balance due at closing. Earnest Money for the Home Only is: $5,000.00 with Tracts 2-4 to be 10% down. Said funds will be held in our Escrow account and will come off your balance due at closing. YOUR BIDDING IS NOT CONTINGENT UPON FINANCING. Buyer who utilize financing will be responsible for all costs associated with that process. Buyers agree to sign the purchase agreement within 24 hours of the auction ending and submit their earnest money to Metzger Property Services within the 24-hour time period via cash, check or wire transfer. Buyer(s) agrees to pay an additional $25 wire transfer fee if wiring said funds. Buyers who fail to do so will be in breach of contract and are subject to damages &/or specific performance.
The Sellers will provide a Warranty Deed at closing along with an Owner’s Title Insurance Policy at closing. The closing(s) shall be on or before September 18, 2026. Possession for Tract 1 will be at closing. Possession of Tracts 2-4 will be subject to current tenants’ rights to 2026 Fall harvest. The seller will retain the 2026 farm income with the buyer(s) to receive all income thereafter. Taxes will be prorated to the day of closing with the buyer to assume all taxes thereafter. Real estate taxes for the entirety in ’24 due in ‘25 were approximately $2,732.12.
Metzger Property Services LLC, Chad Metzger, and their representatives, are exclusive agents of the Seller. All statements made on auction day take precedence over printed materials. The property is being sold “AS IS, WHERE IS” with no warranties expressed or otherwise implied. All decisions made by the auctioneer are final.
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