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Uptown Investment Properties Online Auction

STARTING DATE

6:00 PM
Tuesday, May 24

ENDING DATE

6:00 PM *
Tuesday, May 31

*Extended Bidding
LOCATION

614 & 616 Vincennes 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) 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, May 24, 4PM – 5PM
  • Tuesday, May 31, 4PM – 5PM

Or contact us for a private showing.

Seller

William K. Habermel Estate

Personal Representative

Kathy Redden

Documents

Selling online two adjacent properties – each selling separately – ready for renovation or redevelopment in the expanding upper east side of New Albany just north of Spring Street. The buildings, currently zoned Mixed-Use Corridor Commercial, are currently in the process of a total gut renovation awaiting your vision. The properties offer easy access to downtown and midtown New Albany and are near a variety of shopping, dining and entertainment options.

614 VINCENNES STREET, NEW ALBANY, IN

Circa early 1900’s, this 1 3/4 story frame dwelling with gambrel roof lines is situated on a 40’ x 130’ lot with side and rear alley access and rear parking. The home features 993 square feet on the first floor, a spacious 2nd floor with large dormers, full basement with outside entrance, a covered porch stretching across the front and the side of the house and a covered back porch. Property in need of total renovation, zoned (MC) Mixed-Use Corridor Commercial and located on a high visibility corridor of commercial & residential growth.

PROPERTY HIGHLIGHTS

  • Zoned Mixed-Use Corridor Commercial
  • High Traffic Corridor
  • Gutted – Ready for Renovation
  • 1 3/4 Story Dwelling with Gambrel Roof
  • 1st Floor – 993 Square Feet
  • Spacious 2nd Floor with Large Dormers
  • Full Basement with Outside Entrance
  • Covered Wrap-Around Porch
  • 40’ x 130’ Lot
  • Side Alley & Rear Alley Access
  • Privacy Fenced Back Yard
  • New Albany Floyd County Schools
  • 1 Mile to Downtown New Albany

616 VINCENNES STREET, NEW ALBANY, IN

Early 1900’s 2-story frame dwelling with 18’ x 18’ garage situated on a 41’ x 130’ lot with rear alley access and parking. The home features 1206 square feet on the first floor, 790 square feet on the second floor, full basement with outside entrance, covered front porch and a covered rear porch. The house retains many of its original architecture features such as oak paneled grand staircase, oak carved fireplace mantels, natural wood pocket doors and built-in kitchen cupboard. Property in need of renovation, zoned (MC) Mixed-Use Corridor Commercial and located on a high visibility corridor of commercial & residential growth.

PROPERTY HIGHLIGHTS

  • Zoned Mixed-Use Corridor Commercial
  • High Traffic Corridor
  • Gutted – Ready for Renovation
  • 2 Story Dwelling with Covered Porch
  • 1st Floor – 1206 Square Feet
  • 2nd Floor – 790 Square Feet
  • Full Basement with Outside Entrance
  • Original Staircase, Mantles & Pocket Doors
  • 41’ x 130’ Lot
  • 18’ x 18’ Detached Garage
  • Rear Alley Access
  • Privacy Fenced Back Yard
  • New Albany Floyd County Schools
  • 1 Mile to Downtown New Albany

ELECTRIC — Duke Energy
GAS — CenterPoint Energy
WATER — Indiana American
SEWER — New Albany Municipal Utilities

New Albany City (Annual)
614 Vincennes Street — $1,357.92
616 Vincennes Street — $974.48

616 Vincennes Street
Homestead – $45,000
Supplemental – $19,355

Mixed-Use Corridor Commercial (MC)
For Information: cityofnewalbany.com
New Albany Planning & Zoning 812-948-5327

614 Vincennes Street
Plat 316, Lot 10
616 Vincennes Street
Plat 316, Lot 9 & S 1’ Lot 8

614 Vincennes Street
22-05-02-801-945.000-008
616 Vincennes Street
22-05-02-801-946.000-008

New Albany Floyd County Consolidated

Directions

State Street to E. Spring Street. East 1 mile to left at light on Vincennes Street. 2/10 mile to properties 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…

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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