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Craftsman Style Bungalow Online Auction

BIDDING BEGINS

2:00 PM
Monday, June 16  2025

BIDDING ENDS

2:00 PM *
Monday, July 7  2025

*Extended Bidding
ADDRESS

240 Clay Street
New Albany, IN 47150

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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, July 1, 11:00 AM -1:00 PM

Or contact us for a private showing.

Seller

Michelle Fosskuhl

Documents

Selling online a classic two-bedroom Craftsman style bungalow with full unfinished basement, detached one-car garage and utility shed on a corner lot located near the State Street shopping, dining, and medical corridor. Easy access to expressways and just minutes from downtown. Several recent updates, the home awaits your finishing touches! Ideal for both investors and homeowners.

PROPERTY HIGHLIGHTS

  • Craftsman Style Bungalow Built 1929
  • 1000 Square Feet on Main Level
  • Two Bedrooms – One Full Bath
  • Full Covered Front Porch
  • Full Unfinished Basement
  • Floored Storage Attic
  • Windows, Roof & Furnace Updates and More
  • Detached 14’ x 22’ Garage with Alley Access
  • 35’ x 120’ Corner Lot
  • New Albany – Floyd County Schools
  • Near State Street Medical Corridor
  • Minutes to Downtown New Albany
  • Easy access to I-64 and Louisville, KY

This two bedroom bungalow situated on a 35’ x 120’ corner lot features a covered front porch, floored attic storage, and a full unfinished basement. The main level offers 1,000 square feet of living space and includes a living room, dining room, two bedrooms – all with original wood trim and hardwood floors, an eat-in kitchen and a full bath.

With a detached 14’ x 22’ one-bay garage with alley access, an additional 12’ x 16’ utility shed, and several recent updates – including windows, roof, furnace and more – this property is perfect for homeowners looking to customize or investors seeking an addition to their portfolio.

Roof — May 2025
Gutters — May 2025
Sump Pump — 2024
Furnace — 2023
Hot Water Heater — 2023
Replacement Windows

Duke Energy
Center Point Energy
Indiana American Water Company
New Albany Municipalities

New Albany City (Annual) – $2,416.54

FEMA records indicate that the property is not in a flood zone.

P. 363 L. 38 E 5′ L. 37

22-05-03-400-444.000-008

New Albany Floyd County Consolidated

Directions

I-265 to State Street Exit 1. South 1.3 miles just past Baptist Floyd Hospital to left on Clay Street. 2/10 mile to last home on right.

TIPS TO HELP YOU WIN!

We know that the end of an online auction can be a hectic place. Here are some tips & things you should know to help make it a little easier…

MAX BID

Place your max bid and let the system bid for you. In the event two bidders have placed identical max bids, the first bid received will be the successful bid.

EXTENDED BIDDING

To prevent bid sniping, last-minute bids will extend individual lots using our ‘soft-close’ functionality.

  • If a bid is placed in the last 10 minutes, the lot will remain open for an additional 10 minutes.
  • If any further bidding occurs, the extension timer will reset to 10 minutes.
  • If no further bidding occurs, the lot closes when the timer runs out.
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