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Midtown Bungalow Investment Opportunity Absolute Online Auction
Listing ID#: 829024
| Sale Location |
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New Albany, IN 47150 |
| Sale Dates and Times |
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Bidding Starts: Monday Nov 17, 6:00 PM Bidding Ends: Monday Dec 1, 6:00 PM |
| Sale Type |
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 Online Auction
VIEW ONLINE CATALOG |
| Company Information |
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Harritt Group Auctions Contact: Douglas Harritt Phone: 812-944-0217 Email: doug@harrittgroup.com Website: harrittgroup.com EstateSale.com ID#: 11645 View company information and listings |
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| Listing Terms and Conditions |
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Buyer's 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. No Reserve Sells Absolute to the Highest Bidder |
| Listing Information |
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MIDTOWN BUNGALOW INVESTMENT OPPORTUNITY | ABSOLUTE ONLINE AUCTION BIDDING BEGINS: MONDAY, NOVEMBER 17 @ 6PM BIDDING ENDS: MONDAY, DECEMBER 1 @ 6PM 1205 EKIN AVENUE, NEW ALBANY, IN 47150
Selling absolute to the highest bidder — a 1.5-story bungalow in midtown New Albany close to all levels of schools. The home is in need of total renovation and is selling as-is. Excellent opportunity for investors, flippers, or those looking to restore a classic 1929 bungalow and add value.
PROPERTY HIGHLIGHTS
1.5-Story Vinyl Bungalow Built 1929 Midtown New Albany Near Cedar Bough Total Renovation Needed - Selling As-Is 1,260 Square Feet on Main Level 788 Square Feet on Second Level 3 Bedrooms - 2 Full Baths Partial Basement & Crawl Space Enclosed Front Porch Partially Fenced Back Yard Rear Alley Access 1 Block to S. Ellen Jones Elementary School Just Minutes to Downtown New Albany Selling to the Highest Bidder - No Reserve!
PROPERTY CONDITION Home includes a gas furnace, air conditioning unit and water heater — condition unknown. All utilities currently off. The property will require a complete renovation, including exterior and interior restoration.
UTILITIES Duke Energy Center Point Natural Gas Indiana American Water Company New Albany City Sewers
REAL ESTATE TAXES (2024 - 2025) New Albany City (Annual) — $1,476.84
DEDUCTIONS (2024 - 2025) Homestead — $48,000 Supplemental — $41,850 Disabled Veteran — $14,000
FLOOD ZONE FEMA records indicate that the property is not in a flood zone.
LEGAL DESCRIPTION P. 357 W 45’ Of E. 78 1/2’ Of ‘D’ L.9
PARCEL 22-05-04-201-061.000-008
SCHOOL CORPORATION New Albany Floyd County Consolidated Schools
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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.
NO RESERVE Sells Absolute to the Highest Bidder
OPEN HOUSE Monday, November 17, 11:00 AM - 1:00 PM Monday, December 1, 11:00 AM - 1:00 PM Or contact us for a private showing.
PROPERTY LOCATION 1205 Ekin Avenue, New Albany, IN 47150
SELLER Shirley Maxine Mitchell Estate
ESTATE ATTORNEY Jenny Kraft Kuchle, Attorney Lorch Naville Ward LLC
DIRECTIONS From downtown New Albany take E. Spring Street to left on E. 10th Street. Continue straight onto E. 11th Street to the right on Ekin Avenue to home on the left. Just 4 blocks west of Vincennes Street.
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