The Farm will be offered in 5 INDIVIDUAL TRACTS or any combination of tracts – utilizing the multi-tract bidding system.
Auction Location: Ashley Fire Hall, 101 S. Union Ave., Ashley, IN 46705
Property Location: 4937 CR 4, Waterloo, IN 46793
This Auction will be held Thursday, September 18th, 2025 at 6:00PM at the Ashley Fire Hall in Ashley, Indiana
DeKalb County • Franklin Township • Hamilton Community Schools
DeKalb County Parcel ID 04-03-06-300-001, containing 141 acres
Dennis L. Lockwood, Kerry E. Lockwood, and Tamara D. Delaney, Owners
Tract 1
15 acres with approx. 3,246 sq ft ranch style home, 2 car garage w/shop area, large timber framed bank barn, machinery shed w/shop area, granary, & other outbuildings, approx. 533’’ of frontage on CR # 4
Tract 2
26.5 acres of farmland with 150’ of frontage on CR # 4.
Tract 3
55.75 acres of farmland with 150’ of frontage on CR # 4.
Tract 4
13.75 acres of farmland with 1391’ of frontage on CR # 4.
Tract 5
30 acres of mostly wooded land with 150’ of frontage on CR # 4.
The above 5 tracts to be offered in singular tracts &/or any combination of tracts utilizing the multi tract bidding system.
Real Estate Terms & Conditions: Buyer to pay 10% down as earnest money deposit at the conclusion of the real estate auction. The balance of the purchase price to be paid at time of closing. Keep in mind that your bidding is NOT contingent upon financing or inspections, so be certain that you have arranged for financing or inspections, if you need them, and are capable of paying the balance at closing. This property is being sold subject to trustee approval.
Closing: Approx. 45 days after auction.
Possession: Day of closing on buildings & woods, farm fields after the 2025 season.
Taxes: To be prorated to date of closing.
Open House Date: Aug. 14 & 28 from 4:00-5:00pm.
Auctioneer’s note: Lewis & Lambright, Inc., the auction company, & the auctioneers are agents of the sellers. Statements made by lead auctioneer during auction take precedence over printed matter. Check the ad on Auctionzip for more pictures of the property. Tract acreages are approx. and subject to survey after the auction. Announcements made at the auction takes precedence over printed matter.
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Map to Sale
This auction will be held at 4937 CR 4, Waterloo, IN 46793