3846 Rainbow Drive
New Albany, IN 47150
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 auction.
- Tuesday, July 10, 5-7 PM
- Contact us for an appointment
Selling live onsite the real estate and personal property of Wilbur Schoen including a 1950’s suburban ranch with outbuildings on 1/2 acre lot, an adjoining 1/2 acre vacant building lot with frontage on Dalebrook Drive and personal property including mowers, tools, furniture, antiques and collectibles. Home is located near the Charlestown Road shopping and dining corridor and just minutes to the expressway. Real Estate will be sold in 2 tracts and in combinations to determine buyer(s) and final selling price.
REAL ESTATE (Sells @ 11AM)
TRACT 1 – 3846 RAINBOW DRIVE – HOME, OUTBUILDINGS, 0.472 ACRE
1,464 square foot vinyl siding ranch built in 1956 includes 3 bedrooms, 1 bath, basement, patios, and (2) 16’ x 20’ storage buildings on approximately 87’ x 238’ corner lot on Rainbow & Dalebrook Drive. This home features 3 bedrooms with original hardwood floors, office, equipped eat-in kitchen, living room with fireplace and built-in bookshelves, family room with large 9 pane window, laundry/utility area in basement with outside entrance, central air and heat.
TRACT 2 – DALEBROOK DRIVE – VACANT 0.495 ACRE
Level building lot approximately 108’ x 191’ with city utilities at the street. The lot is adjacent to Tract 1.
- 3 Bedrooms – 1 Full Bath
- 1464 SF First Floor – 588 SF Unfinished Basement
- Wood Floors – Fireplace – Equipped Kitchen
- Two Storage Buildings
- Corner Lot with Frontage on Rainbow Drive and Dalebrook Drive
- Adjacent Building Lot with Frontage on Dalebrook Drive
- Current 2018 Land Survey
ORDER OF SALE
Beginning with Tract 1, each tract will be offered individually and then in combinations using the multi-par method to determine final selling price and buyer(s).
Taxes & Exemptions
Real Estate Annual Taxes
- New Albany City (2017/2018) — $523.44
- Homestead — $45,000
- Homestead Supplement — $26,040
- Age — $12,480
- Duke Energy
- Vectren Gas
- Indiana American Water
- New Albany Sewers
New Albany Floyd County School Corp.
- Mt. Tabor Elementary
- Hazelwood Middle
- New Albany High
LAWN EQUIPMENT & TOOLS
Troy Bilt 42” Bronco riding lawn mower, Bolens Ride-A-Matic retro riding lawn mower, Mac Tools tool chest, electric yard tools, grease guns, bar clamps, several yard tools, heavy duty extension cords, ladders and more.
Modern roll top desk, dinette table and chairs, antique bassinet, dresser with mirror, end tables, antique full size bedroom suite, full size poster bed, cloth couches, lighted and mirrored curio cabinet, grandfather clock, telephone bench, antique victorian rocking chair, retro wood desk chairs, school chairs and desks.
ANTIQUES & COLLECTIBLES
Antique P.P. Mast and Co cider press dated 1866 from Springfield, Ohio, buggie carriage seat, Empire iron implement seat, iron wagon wheels, old safe, large selection of antique glass bottles, blue mason jars, vintage art deco table lamps, retro juicer, stoneware crocks, jugs and bowls, blown glass paperweight, Coca Cola and Pepsi bottle openers, vintage tobacco products including tins, cigar boxes, match holders and lighters, stamp roller, binoculars, corn husker, cuckoo clock, mantle clock, sad irons, vintage coin exchanger, galvanized buckets, large selection of silverplate, antique ice cream makers, wooden Vernor’s Ginger Ale box, powder horn, vintage steak knives, ice skates, leather jingle bells, costume jewelry, Oscar Schmidt autoharp, New Albany Union National Bank directory, pony saddle, bikes, wooden sled, Replogle 12” globe, vintage board games, depression glass, washboards, vintage typewriters, radios and calculators, mountain bike.
PERSONAL REPRESENTATIVES Judy Baldwin and Janet Smith
SELLER Wilbur Schoen VA Trust
I-265 to Charlestown Road Exit #4. South 1/2 mile to right on Rainbow Drive. .3 mile to auction on left at corner of Dalebrook Drive. OR from Mt. Tabor Road take Klerner Lane North to right on Old Klerner Lane to right on Dalebrook Drive.