Secluded Mid-Century Ranch Online Auction
Real Estate — $171,600
1:00 PM *
Thursday, August 18
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) 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.
- Thursday, August 11, 5PM – 7PM
Or contact us for a private showing.
Horace D. Zimmerman Estate
Selling online for the Estate of Horace Zimmerman, a one-owner 3-bedroom brick ranch with basement nestled in the foothills of the knobs on a secluded 1.5 acre lot located off Paoli Pike just North of I-265 State Street Exit. Easy access to downtown – just minutes to shopping, dining, & medical venues. This home awaits the renovation and decor of the next owner!
- Brick Ranch Built 1958
- Private 1.575 Acre Wooded Lot
- First Floor – 1376 Square Feet
- 3 Bedrooms – 1 Baths – 2 Fireplaces
- Full Walk-Out Basement
- 1-Car Basement Garage – Carport
- New Albany Floyd County Schools
- Near Hospital, Expressways & Shopping
- Off Binford Road
- 1 Mile to I-265 State Street Exit
Built in 1958 on a dead-end street in Floyd County, this mid-century ranch built in the style of Frank Lloyd Wright features large overhangs, lots of windows, plenty of doors to decks and porch – bringing the natural light in and surrounded by views of nature.
The 1376+ square feet of living space on the first floor includes a living room with offset brick fireplace with nearby door to deck balcony overlooking the woods, kitchen with dining area, formal dining room with door to enclosed porch and 3 bedrooms – one previously used as a den with solid cherry tongue & groove wood walls, walk-in cedar closet and a door to enclosed porch.
The full walkout lower level includes a partially finished family room with brick fireplace, large storage utility room and a one-car garage. Additional outdoor space includes a one-car carport with upper level concrete patio. The home is equipped with electric heat and air, has cistern water (public water available at street) and is on a septic.
Note: Crystal chandelier in dining room not included.
Cistern Water (Indiana American Water Available at Street)
Septic ( Condition Unknown)
New Albany Township (Annual) – $1,069.10
Homestead – $45,000
Supplemental – $35,210
FEMA records indicate that the property is not in a flood zone.
SE 1/4 NW 1/4 28-2-6; 1.5 AC
PRT. SE ¼ NW ¼ 28-2-6; .075
New Albany Floyd County Consolidated School Corp.
I-265 to State Street Exit. North on Paoli Pike 700 feet to left on Binford Road. 4/10 mile to left on Holz Road. Continue 3/10 mile (right at Y) to home on left.
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.