TERMS & CONDITIONS
SULLIVAN PROPERTY - REAL ESTATE ACCELERATED MARKETING AUCTION
PROPERTY DESCRIPTION
Property Address: 418 Harrodsburg Road, Springville, IN 47462
Legal Description: SEC 14 TWP 6 R2W; 13A PT NW COR NE
Parcel Number: 47-04-14-100-030.000-007
Property Offering: The Sullivan Property will be offered as ONE (1) COMPLETE PARCEL consisting of approximately 13 acres +/- with existing improvements including a single-family residence and detached garage.
AUCTION DETAILS
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The property will be offered at Public "Online - Internet Auction", ending Wednesday, October 1, 2025 @ 6:00 PM EDT
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The property will be sold subject to seller's confirmation (sells with non-published reserve)
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Property sells AS-IS with no warranties expressed or implied
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SUBJECT TO PRIOR SALE - The auction is subject to prior sale, meaning the property can be purchased prior to the end of the auction
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The seller reserves the right to cancel the auction at any time prior to the final bid closing
PRIOR SALE PROVISION
IMPORTANT NOTICE: This property is being offered "Subject to Prior Sale." This means that up until the auction closing time of 6:00 PM EDT on October 1, 2025, the sellers reserve the right to accept offers presented directly prior to the auction bidding closes.
Prior Sale Process:
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Any offers received prior to the auction end date will be presented to the sellers for their consideration
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The sellers have the absolute right to accept or reject any such offers at their sole discretion
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All prior sale offers must comply with these Auction Terms & Conditions, including down payment requirements, closing timeline, and all other terms specified herein
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If the sellers accept a prior sale offer, the auction will be cancelled and all registered bidders will be notified immediately
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No financing contingencies will be accepted for prior sale offers - all offers must be cash or pre-approved financing only
BUYER'S PREMIUM
An 11% buyer's premium will be added to the final bid and charged to the buyer. The final bid plus the 11% buyer's premium will establish the final sales price.
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DOWN PAYMENT AND PAYMENT TERMS
Down Payment: $5,000.00
Down payment must be paid by the successful bidder by direct wire transfer within 24 hours of acceptance of the auction contract by the sellers.
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Down payment will be payable to John Bethell Title Co.
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The down payment deposit will be non-refundable
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Your bidding is not conditional upon financing - ensure you have arranged financing if needed and are capable of paying cash at closing
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A promissory note will be signed along with the down payment
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The balance of the purchase price will be due via wire transfer to the closing company on delivery of insurable title
Final closing is NOT contingent upon financing.
CLOSING DETAILS
Closing Location: John Bethell Title Co., 2626 S. Walnut Street, Bloomington, IN 47401
Closing Deadline: On or before Friday, October 31, 2025
Buyer Closing Costs:
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Closing fee will be paid by the buyer
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Broker transaction fee of $300 will be paid by the buyer at closing
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Buyer will be responsible for survey costs if new survey is required
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The seller agrees to furnish buyer with an owner's policy of Title Insurance at closing
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Real estate taxes will be prorated to the date of closing
Deed: The property will be conveyed by Warranty Deed
Possession: Will be granted at final closing
BIDDER RESPONSIBILITIES
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The successful bidder shall execute electronically an "Auction Real Estate Sales Contract" immediately after being declared the successful bidder by the auctioneer
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Each potential bidder is responsible for conducting, at their own risk, their own independent inspections, investigations, and due diligence concerning the property
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Property sells AS-IS with no warranties expressed or implied
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Bidders acknowledge that the property is subject to prior sale and accept this condition by participating in the auction
AGENCY DISCLOSURE
United Country Coffey Realty & Auction and their representatives are exclusive agents of the Seller.
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ADDITIONAL TERMS
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All announcements made up to the final close of the auction bidding take precedence over all advertising, oral or printed material
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All information was gathered from reliable sources and is believed to be correct as of the date this document is published; however, the seller or auctioneers have not independently verified this information
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Auction plats and drawings are not to be relied upon and are for representation purposes only. Their accuracy is not warranted in any way
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There is no obligation on the part of the sellers or auctioneer to update this information
SALE INFORMATION
Sale Site: Internet Only -- UnitedCountryIN.com
Viewing Instructions: Monday - Sept. 8th � 6:00pm EDT & Sunday, September 28th 2:00pm EDT and BY APPOINTMENT
The viewing of the property will be at the viewer's own risk. The Seller, Auctioneer, nor the Listing Agency may be held responsible for accidents.
For questions: Call or text Cody Coffey (812) 360-8383 or Jimmie Dean Coffey (812) 360-6005 or United Country Coffey Realty & Auction at (812) 822-3200.

Welcome to the Sullivan Property, a 13 acre country retreat located at 418 Harrodsburg Road, Springville, IN 47462. This versatile property combines comfortable rural living with valuable improvements, making it ideal for homeowners, hobby farmers, or those seeking a private getaway near Bloomington, Bedford, and Crane Naval Base. The property backs up to a quarry, offering unique scenery and privacy, and includes a 3-bedroom, 2-bath manufactured home with over 1,400 sq ft of living space. A detached 780 sq ft garage/shop (built 1994) provides excellent space for vehicles, storage, or workshop needs. Additional features include a concrete patio, open porches, a scenic pond, fenced pasture for animals, and room to expand. Key Features 13� acres of mixed-use land, pasture & pond Property backs up to a quarry for added privacy Manufactured home (1994) � 3 bedrooms, 2 baths, 1,404 sq ft Detached garage/shop (780 sq ft) built in 1994 Fenced pasture perfect for livestock or horses Pond providing water for animals and recreation Concrete patio, covered porches, and open country views Located in Perry Township, Lawrence County � North Lawrence School District Easy access to Bloomington, Bedford, Crane Naval Base, and Monroe Lake Auction Details Bidding Ends: Wednesday, October 1, 2025 @ 6:00 PM EDT Buyer's Premium: 11% added to the final bid price Down Payment: $5,000 via wire transfer within 24 hours of contract acceptance Closing: On or before October 31, 2025 at John Bethell Title Co., Bloomington, IN Subject to Prior Sale: Seller reserves the right to accept an offer before auction close Open House & Property Preview Monday, September 8, 2025 � 6:00 PM EDT Sunday, September 28, 2025 � 2:00 PM EDT Private showings also available by appointment Location Highlights This property is ideally positioned in Southern Indiana�s countryside, offering both seclusion and convenience. Enjoy quick access to: Bloomington � home of Indiana University and thriving cultural amenities Bedford � the limestone capital of the world Crane Naval Base � major employment hub Monroe Lake & Hoosier National Forest � boating, fishing, and outdoor recreation Don�t miss this rare opportunity to own acreage with a home, shop, pond, and pasture in Springville, Indiana! For details and bidding registration, visit UnitedCountryIN.com or contact: Cody Coffey � (812) 360-8383 Jimmie Dean Coffey � (812) 360-6005 United Country Coffey Realty & Auction � (812) 822-3200