INDUSTRIAL ZONED 1 ACRE HOME & GARAGE ONLINE AUCTION

BIDDING BEGINS: TUESDAY, JUNE 3 @ 2PM

BIDDING ENDS: TUESDAY, JUNE 24 @ 2PM 

519 HAUSFELDT LANE, NEW ALBANY, IN 47150

Selling online at auction for the Jarrett Hamilton Estate, a 0.9795-acre industrial-zoned property with a 1950s one level ranch home, plus a 24’ x 48’ detached two-car garage with loft in a prime New Albany industrial corridor.  A high traffic location - just minutes from I-265 Grant Line Road, about 15 minutes north of Louisville, KY.  Property in need of renovation and cleanup.  Auction with a motivated seller - outstanding value opportunity!

PROPERTY  HIGHLIGHTS

- Prime Floyd County Industrial Corridor

- 0.9795 Acre Zoned Industrial 

- 1950’s Vinyl Siding One-Level Ranch Home

- 1,176 Square Feet 

- 3 Bedrooms - 1 Bath - Laundry Room

- Detached 2-Car Garage (24’ x 38’) with Loft

- 117’ of Road Frontage 

- Easy Access to I-265, I-65 & I-64

- Just 11 Miles to Downtown Louisville, KY

- Near Indiana University Southeast & Grant Line Road Shopping Corridor

519 HAUSFELDT LANE, NEW ALBANY

A home ready for rehab, this 1,176-square-foot, vinyl-sided ranch built in 1953, offers 3 bedrooms and 1 bathroom on a crawl space. The home is currently not in livable condition and is selling as-is with all contents included.  A natural gas furnace and central air unit are present, though their operating condition is unknown. Also on-site is a detached 24’ x 38’ two-car garage with a loft, on a nearly one acre level lot with 117 feet of road frontage and an average depth of approximately 400 feet. The back NE point of the lot is located in Flood Zone A. 

So whether you’re a savvy investor or a buyer seeking value and willing to renovate, this is your opportunity to invest in a prime location with easy access to downtown New Albany and Louisville KY. 

UTILITIES (All Utilities Turned Off) 

New Albany City Sewers 

Indiana American Water Company

Duke Energy

Center Point Energy

Spectrum Cable 

REAL ESTATE TAXES (2024-2025)

New Albany Township (Annual) – $1,026.20

DEDUCTIONS (2024-2025)

Homestead – $48,000

Supplemental – $39,038

ZONING 

Industrial 

FLOOD ZONE 

FEMA Zone X

FEMA Zone A  (NE Point in Rear)

LEGAL DESCRIPTION

SW1/4 14-2-6 0.9795 Acre 

PARCEL

22-05-01-400-011.000-007

CONTENTS INCLUDED 

The property is being sold as is, including all remaining contents and debris. 

SCHOOL CORPORATION

New Albany - Floyd County Consolidated

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BUYERS PREMIUM

10% Buyer’s Premium added to the hammer bid price to determine the final purchase price.

REAL ESTATE TERMS

A non-refundable down payment, 10% of the Purchase Price (Final Bid + Buyer’s Premium), in the form of cash, check, or wired funds in USD are due within 24 hours following the auction, balance due in 40 days. Buyer to receive clear title. Taxes prorated to the day of closing. Selling as is without contingencies, all inspections welcomed prior to auction.  If you choose to obtain financing, not subject to approval or appraisal. All closing costs are the buyer’s expense. Possession at closing. See full details in the Auction Bid Packet.

RESERVE

Sells Subject to Seller Confirmation

OPEN HOUSE

Tuesday, June 10, 11:00 AM - 1:00 PM

Or contact us for a private showing.

PROPERTY LOCATION

519 Hausfeldt Lane, New Albany, IN 47150

SELLER

Jarrett J. Hamilton Estate

PERSONAL REPRESENTATIVE 

John Hamilton

ESTATE ATTORNEY 

Justin Endres, Attorney   

Young  Lind  Endres Kraft Law Offices

DIRECTIONS 

I-265 to Grantline Rd Exit 3. North 2/10 mile to left on Hausfeldt Lane. 6/10 mile to property on right just past Park East Blvd.