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Home & Lot Absolute Multipar Online Auction

STARTING DATE

2:00 PM
Wednesday, February 14  2024

Bid Online
ENDING DATE

2:00 PM
Wednesday, March 6  2024

LOCATION

1747 Scheller Lane
New Albany, IN  47150

* Harritt Group Multipar Account Required

Need Assistance? Call, Text or Email Ben
502-592-4001  |  ben@harrittgroup.com

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.

Inspection

  • Tuesday, February 20, 11AM – 1PM
  • Wednesday, March 6, 11AM – 1PM

Or contact us for a private showing.

Seller

Arlington S. Hook Estate

Personal Representative

Donald W. Hook

Attorney

R. Gregory Neely, Attorney

Documents

Selling online at absolute auction to the highest bidder, a mid century modern three bedroom ranch home with basement, screened porch and attached 2-car garage plus an adjacent vacant building lot – offered in 2 parcels with 175 feet of road frontage. Great opportunity to purchase individually or in combination utilizing the multipar method.

PROPERTY HIGHLIGHTS

  • Ranch Home – Building Lot – 0.86 Acre
  • Offered in 2 Parcels Multipar
  • Lot 1 – Home on 100’ x 217’ Lot
  • Lot 2 – Building Lot 75’ x 215’
  • 1450 Square Foot Clapboard Siding Ranch
  • Partial Basement – Screened Porch
  • 3 Bedrooms – 2 Baths – Fireplace
  • 2-Car Attached Garage
  • New Albany Floyd County Schools
  • 2 Miles South of I-265 off Charlestown Road Exit

LOT 1: RANCH HOME ON 0.49 ACRE

When you’re wanting a home with character in a great location…look no further. This one owner home is filled with charm and includes knotty pine ceiling and walls in the third bedroom, a floor to ceiling wood room divider and beamed ceiling in the dining area and a built-in corner desk unit under two windows.

The first floor features a large living room with smooth limestone fireplace, dining area with french doors to screened-in porch, an equipped kitchen with a centrally located laundry mudroom area nearby, three bedrooms – each with hardwood floors under carpet, and a full bath off hall.

The partially finished lower level – waterproofed in 2003 has pine tongue & groove walls with concrete floors and a full bath.

The home exterior is clapboard siding with brick accents, has replacement windows except for the picture window, and is equipped with natural gas heat and central air and sits on a 100’ x 217’ lot with a gazebo. The home is ready for your updates.

  • One Owner Ranch Built 1951
  • 100’ Frontage x 217’ Lot
  • First Floor – 1450 Square Feet
  • Basement – 892 Square Feet
  • 3 Bedrooms – 2 Baths – Fireplace
  • Screened Porch – Gazebo
  • Two-Car Attached Garage
  • Waterproofed Basement

LOT 2: 0.37 ACRE BUILDING LOT

  • Open & Level Platted Lot
  • 75’ Frontage x 215’
  • 12’ x 10’ Shed with Lean-To

Duke Electric
CenterPoint Gas
Indiana American Water
New Albany City Sewers

New Albany City (Annual)
Home — $1,690.72
Vacant Lot — $347.90

Homestead — $45,000
Supplemental — $37,240

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

Home — 43 ILL. GNT.; 0.486 AC.
Vacant Lot — P. 664 L. 11

Home — 22-05-04-300-461.000-008
Vacant Lot — 22-05-04-301-327.000-008

New Albany-Floyd County Consolidated

The Multipar Auction Method is used to sell multiple parcels of real property at auction. Throughout the auction, the buyer maintains maximum choice and control to bid on the specific parcel or combination of parcels they are interested in. Buyers can bid on individual parcels, a combination of parcels, or the entire property. The final sales price is determined by the combination which realizes the highest bid. Combination bidding begins Wednesday, February 28th @ 2PM.

The Harritt Group staff is always available to assist any bidder who has questions. If you need assistance on how to bid, please call our office for assistance @ 812-944-0217. Our staff will be available for questions.

EXTENDED BIDDING

If a bid is placed on any parcel in the last 10 minutes, the entire auction 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 lots close when the timer runs out.

NO MAX BID FEATURE

There is no maximum bid feature in a multipar auction. Any posted bid will increase to the bid amount entered.

DIRECTIONS I-265 to Charlestown Road Exit #4. South 1.9 miles to right on Scheller Lane. 2/10 mile to home on left.

The MULTIPAR AUCTION METHOD is used to sell multiple parcels of real property at auction. Throughout the auction, the buyer maintains maximum choice and control to bid on the specific parcel or combination of parcels they are interested in. Buyers can bid on individual parcels, a combination of parcels, or the entire property. The final sales price is determined by the combination which realizes the highest bid.

  1.  Combination bidding begins Wednesday, February 28th @ 2PM.
  2. For a new bid on a single lot or combination, the overall total must increase by a minimum of $1,000.

NO MAX BID FEATURE

There is no maximum bid feature in a multipar auction. Any posted bid will increase to the bid amount entered.

EXTENDED BIDDING

  • If a bid is placed on any parcel in the last 10 minutes, the entire auction 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 lots close when the timer runs out.

The Harritt Group staff is always available to assist any bidder who has questions. If you need assistance on how to bid, please call our office for assistance @ 812-944-0217. Our staff will be available for questions.

  • Bid only on what you want to own. If you only want a single parcel, bid on that parcel individually. If you only want a combination of parcels, bid when combination bidding is opened.
  • Combination bidding will be allowed by a specific time & date or when all parcels have an individual bid. Each auction is different so make sure to check the terms.
  • Don’t wait until the end; prices will not go down.
  • Any posted bid is considered active and could be back in the winning position at any time during the auction.
  • Before you bid, determine your auction strategy — what you want to buy and how much you can bid.
  • Consult with The Harritt Group to help with bidding strategy or math before/during the auction.

Open Inspection & Multipar Demo

  • Tuesday, February 20, 11AM – 1PM
  • Wednesday, March 6, 11AM – 1PM

* Located AUCTION LOCATION


Contact Ben Harritt to Schedule Private Demo — ben@harrittgroup.com | 502-592-4001

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