010818 Lone Oak Drive Featured

Lone Oak Investment Auction

SOLD

Real Estate — $79,750

314 Lone Oak Drive — $53,350
316 Lone Oak Drive — $18,700
Vacant Lot — $7,700

Premium Included

DATE

Tuesday
January 8th

TIME

4:00 pm
EST

LOCATION

314 Lone Oak Drive
New Albany, IN 47150

Buyer's Premium

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

Real Estate Terms

10% non-refundable down payment due day of auction, balance due in 40 days. Taxes prorated to day of closing. Possession at closing. Selling as is without contingencies, all inspections welcomed prior to the auction.

Open Inspection

  • Thursday, January 3, 3-5PM
  • Tuesday, January 8, 3-4PM
  • Contact us for an appointment

Selling live on site the Lone Oak Investment Package including two homes and 1 1/2 acre building lot to settle the estate of Charles Wimp. We will offer each property individually and then in combination to determine the final sales price. Selling as-is with below-market reserve, homes in need of renovations. Great opportunity for a homeowner or investor.

314 LONE OAK DRIVE

1,348 square foot four bedroom – one bath ranch home on a 146’ x 120’ lot. Home features screened in porch, 24’ x 30’ attached two car garage and 9’ x 9’ storage shed. This one-level vinyl siding home is in need of renovations but has lots of potential – built in 1955 and features four bedrooms, eat-in equipped kitchen, living room, LP gas forced air heat and central air on .40 acre lot. Great buying opportunity for homeowner or investor, selling as-is with below-market reserve. Located in flood zone AE Fringe.

PROPERTY HIGHLIGHTS

  • 0.40-acre lot (146’ x 120’)
  • Attached 24’ x 30’ two car garage
  • Sewers
  • Award-winning Floyd County Schools
  • 15 minutes to Downtown Louisville

REAL ESTATE TAXES & ASSESSMENTS

  • Annual Taxes — $612.30

TAX EXEMPTIONS

  • Homestead — $45,000
  • Homestead Supplement — $12,810

316 LONE OAK DRIVE

896 square foot three bedroom – 1.5 bath home in need of complete renovation on 71’ x 125’ lot. Built in 1955 this concrete block home has a large basement with outside entrance, as is LP gas furnace and central air hookup on .21 acre. Great buying opportunity for homeowner or investor, selling as-is with below-market reserve. Located in flood zone AE Fringe.

PROPERTY HIGHLIGHTS

  • 0.21-acre lot (74’ x 125’)
  • Sewers
  • Award-winning Floyd County Schools
  • 15 minutes to Downtown Louisville

REAL ESTATE TAXES & ASSESSMENTS

  • Annual Taxes — $1,215.80

TAX EXEMPTIONS

  • None

VACANT LOT – LONE OAK DRIVE

1.48 acres with 218’ road frontage including lots 18, 20 and 22 of the Crown Hill Court plat on Lone Oak Drive across from 314 and 316 Lone Oak Drive. Sewers, public water and electric all available for hookup at the street. Lots lay flat, located in Flood Zone AE Fringe. An old cemetery is located towards the back of lot 18.

New Albany Floyd County Schools

  • S. Ellen Jones Elementary
  • Scribner Middle
  • New Albany High

Utilities

  • Duke Electric
  • Indiana Cities Water
  • New Albany Sewers
  • LP Gas – Leased tanks

PERSONAL REPRESENTATIVE Katrina Anderson

SELLER Charles Wimp Estate

Directions

From I-64 take New Albany Exit 123, continue onto W. 5th Street for .2 mile, turn right onto Main Street for .7 mile, keep left at the stop light onto IN-111 (River Road) for .6 mile, turn right onto Budd Road for .3 mile, turn right onto Broekers Lane then immediately turn right onto Lone Oak Drive for .2 mile with auction on left.