Midtown Bungalow Investment Opportunity | Absolute Online Auction
6:00 PM *
Monday, December 1 2025
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
Open House
- Monday, November 17, 11:00 AM – 1:00 PM
- Monday, December 1, 12:00 PM – 1:00 PM
Or contact us for a private showing.
Seller
Shirley Maxine Mitchell Estate
Estate Attorney
Jenny Kraft Kuchle, Attorney
Lorch Naville Ward LLC
Documents
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
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.
Duke Energy
Center Point Natural Gas
Indiana American Water Company
New Albany City Sewers
New Albany City (Annual) — $1,476.84
Homestead — $48,000
Supplemental — $41,850
Disabled Veteran — $14,000
FEMA records indicate that the property is not in a flood zone.
P. 357 W 45’ Of E. 78 1/2’ Of ‘D’ L.9
22-05-04-201-061.000-008
New Albany Floyd County Consolidated Schools
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.
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…
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.
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.
