The Region's 1st Choice For Auctions!

The Region's 1st Choice For Auctions!

OHIO RIVER 25 +/- ACRE LAND ONLINE ONLY AUCTION

by Beckort Auctions, LLC

When

Oct 03, 2017 - BIDDING ENDS 6 PM! Eastern

Where

W. & D. Broughton
300 S Beech Street
Leavenworth, IN 47137

How

Online Only Auction

Notes

A once in a lifetime piece of real estate! Includes large amount of frontage on the Ohio River & Little Blue River. This was the original location of the Peckinpaugh Furniture Co Mansion!

Inspection: Thurs Sept 21 4-6 PM

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Conducted By

Beckort Auctions, LLC

115 E. Chestnut St.
Corydon, IN 47112

812-738-9476

http://www.beckortauctions.com

Auction Listing

ALTON 25 ACRE REAL ESTATE AUCTION
ONCE IN A LIFETIME PROPERTY
OHIO/LITTLE BLUE RIVER FRONTAGE
SITE OF 1860 PECKINPAUGH MANSION
RECREATIONAL-WEEK END GETAWAY
ONLINE ONLY-BIDDING ENDS OCT 3  

ADDRESS: 300 S Beech Street, Leavenworth, IN (Downton Alton)
Located just 11 miles south of the I-64 #92 Leavenworth Exit!


CLICK ON "VIEW DOCUMENTS" ABOVE FOR AERIAL, PROP. ASSESS. TAX INFO, ETC.

REAL ESTATE: A once in a lifetime opportunity to purchase a nostalgic 24.92 +/- acre tract of land that has nearly 2000‘ +/- of Ohio & Little Blue River frontage. This secluded property is tucked away in southern Crawford County in the small Ohio River town of Alton. This hidden property includes the original “Peckinpaugh Mansion” that was built in 1860 by Abraham N. Peckinpaugh of the “Peckinpaugh-Harrison & Co’s Mill". The home has fallen into disrepair but was a grand two-story Queen Anne style Victorian home with 3000+ SF. This estate type property lays very well, includes 950’+ of Ohio River frontage, 950’+ of Little Blue River frontage, easily accessible river frontage, & Walnut & Pecan groves. Modern structures include: small elevated cabin with second floor loft & covered front porch; shelter house (includes shower, commode, & sink) & observatory deck built at the corner of the mouth of Little Blue River; and small replica log built style structure. This property lends itself for the ultimate estate style home overlooking the Ohio River or an excellent candidate for a private recreational weekend getaway! 

PECKINPAUGH MANSION HISTORY: Built by Abraham Nicholas Peckinpaugh (1839-1912) approximately 1860. Who lived there until the 1937 Flood, then property was sold to the Wood’s Family who lived there until the mid-1990’s. 

PECKINPAUGH HARRISON & CO’s MILL HISTORY: Founded at the close of the Civil War by Abraham Nicholas Peckinpaugh, George R. Peckinpaugh, John I. Peckinpaugh, & Thomas Harrison. It was situated on the Ohio River near the mouth of the Little Blue River. When built, it was one of the most extensive manufactories of its kind in the entire state of Indiana. The “Novelty Dept” created such things as mantels and all the material for finishing the finest houses. Later production changed to furniture, wheels for cane carts, & sent several flat bottom boats of lumber south on the Ohio River. Operation ceased approximately 1915.

TOWN OF ALTON HISTORY: The Town of Alton situated on the Ohio River was founded in 1838.  By 1889 Alton could boast of a school, two churches (a Baptist church and a Methodist church), a number of business houses and residences and the Indiana Oak Mills which was the largest manufactory in the county at that time. White Sulphur Well located about six miles from Alton boasted “healing” properties and drew people to this area.  It was stated to be “one of the most romantic spots on earth” in Gresham’s 1889 history of the county.  The well resulted when an attempt was made to sink a well for petroleum, but struck a vein of Sulphur water instead. During the late 1800s this type of water was sought for its medicinal properties. People would drink and bathe in it, so many would be drawn to travel to the area for this purpose.  As a result, a large and luxurious hotel, owned by the Boyd Brothers was opened to serve visitors to this resort area, which also boasted “the finest fishing and hunting” in the neighborhood.  Alton’s population in 2000, per the U.S. Census Bureau, was reported to consist of 53 people.

RIVER FRONTAGE/ACCESS/POTENTIAL DIVISIONS: Property includes 957’ +/- of Ohio River frontage & 958’ +/- of Little Blue frontage. Access if from Beech St. Property is eligible for multiple splits. No Little Blue River restrictions in Crawford County.

MINERAL RIGHTS: Includes sellers’ interest in mineral rights.

SURVEY FEES: No survey fees apply, existing surveys completed 2005/2006.

INSPECTION: Thursday Sept. 21 4-6 pm

NOTE: Stingray sculpture, campers, and dinner bell on shelter house are not included with the real estate. 

POSSESSION/CLOSING INFO: Possession at closing on all real estate.

UTILITIES: Electric-Duke Energy; Water-Patoka Water Co

LEGAL DESCRIPTION: PT Tract 33-4-1E 20.5458AC & PT SW 33-4-1E 4.38 AC

TAXES:  $407.62 per installment (based on current owner exemptions)

PARCEL ID:  13-13-33-423-001.000-002 and 13-13-33-350-001.000-002

REFERENCE POINTS: Leavenworth 11 SW; Corydon 26 SW; Tell City 29 NE; Louisville KY 49 SW; & Evansville 91 NE

DIRECTIONS: From I-64, take Exit 92 Leavenworth south on IN-66 1.7 miles, continue straight on S Indian Ridge Rd 1.3 miles, continue on S Fredonia Rd 1.4 miles, turn right on Alton Fredonia Rd 2.3 miles, turn right on S Cape Sandy Rd 0.3 miles, turn right to stay on S Cape Sandy Rd 1.4 miles, continue on S Alton Fredonia Rd 3 miles, continue on High Street 0.3 miles, turn left on S Beech St to site. Watch for auction arrows!

OWNER: Warren L. & Debra L. Broughton


Exhibit A Beckort Auctions Real Estate On-Line Only Auction - Terms and Conditions

1. Conditions of Sale: This online only auction is selling subject to owner’s confirmation and is not contingent on or subject to financing, appraisal, survey, or inspections of any kind, as agreed to by bidders at registration prior to bidding and specified in the attached Agreement to Purchase Real Estate. Seller and Buyer(s) shall pay their share of the costs of closing. Buyer acknowledges they are buying property “as-is”, “where-is”, without inspections or contingencies. Buyer(s) will rely on his/her own judgment and inspection. By signing an offer, Buyer(s) will be waiving the 10-day lead based paint test.

2. Closing: A Buyer’s Premium of 10% is added to the high bid. Please take this into consideration when bidding. At the close of the auction, the successful Bidder will be emailed an Agreement to Purchase Contract to be executed and returned to Beckort Auctions, LLC within twenty-four (24) hours of the completion of the auction along with 10% deposit of the total contract price. The down payment may be made in the form of cash, cashier’s check, personal check, or corporate check. The entirety of the remaining balance is due at closing on or before Thirty (30) days from Auction Day. Purchaser will be responsible for all wire transfers. Per the Contract, time is of the essence; you should proceed to closing within Thirty (30) days. Possession shall be given to the successful Buyer(s) at closing, seller will provide deed preparation.

3. Liquidated Damages: Successful Bidders not executing and returning their Contract with Earnest Money deposit within Forty Eight (48) hours of the conclusion of the auction will be considered in default. If your closing is delayed for any reason, by you, as purchaser, or other parties working on your behalf, including any lender you involve, you may be declared in breach of this contract, forfeit all deposits made and could additionally be liable for any and all costs incurred by Seller and Beckort Auctions, LLC incurred in a subsequent resale of the property. If such action occurs, Beckort Auctions LLC hereby has the right to disperse the deposit as stated in the listing agreement and the buyer has no claims to such money or property being sold. Liquidated damages are to cover cost of auction, cost incurred by seller, labor cost and additional cost of auction as not defined in this agreement. These liquidated damages do not restrict the seller from suing the buyer for performance damages and/or any additional damages the seller suffers by the default of the buyer.

4. Back-Up Bids: If you are not the successful bidder on the real estate and wish to make a back-up bid in case of default by the high bidder, please see Brian Beckort to receive a Back-Up Bidder Form.

5. Other Conditions: There are no contingencies to this sale (i.e., financing, appraisal, repairs, or inspections). Therefore, you should be pre-qualified by a lender prior to bidding if you require financing.
Beckort Auctions, LLC reserves the right to remove or cancel the bids and or bidding rights and privileges of any party at any time deemed not to be in the best interest of the seller. The identity of all bidders
will be verified, bidding rights are provisional, and if complete verification is not possible, Beckort Auctions LLC will reject the registration, and bidding activity will be terminated.
All Beckort Auctions, LLC Online Only Real Estate Auctions are timed events that have an auto-extend feature. Any bid placed within 10 minutes of the auction ending will automatically extend the auction for 10 minutes from the time the bid is placed. Example: If an auction scheduled to end at 6:00 p.m. receives a bid at 5:59 p.m., the close time of the auction automatically extends to 6:10 p.m. The auto-extend feature remains active until no further bids are received within the 10 minute time frame.

6. Real Estate Brokerage Services Disclosure: Beckort Auctions LLC and their representatives are Exclusive Agents of the Seller(s). We do not represent the buyer(s) in any manner and we must be completely loyal and faithful to our client. Beckort Auctions LLC has an exclusive right to sell listing for this transaction. All negotiations must be conducted through Beckort Auctions LLC.
A two percent (2% variable) bid price commission, not to include any buyer’s premium if applicable, is available to properly registered Brokers/Agents. You must pre-register your Buyers with Beckort Auctions, LLC twenty-four (24) hours before the end of the auction by filling out and recording with Beckort Auctions a Broker Registration Form. Agents who fail to pre-register their Buyer will not be recognized as Buyer Agents and will not be entitled to a co-op commission. Broker/Agent cannot act as a Buyer and Broker/Agent on the same transaction. Please review the Broker Registration form for eligibility.

7. Beckort Auctions LLC Involvement in this Contract: The seller and buyer hereby agree that Beckort Auctions LLC is a part of this contract and shall receive compensation as stated in the agreement hereto or as stated in the listing agreement hereby made a part of.

8. Restrictions: Real Estate is sold subject to any and all existing matter of record, and all easements, building use or zoning laws and regulations. Taxes and assessments will be pro-rated to the closing date.

9. Additional Auction Information: All information published, announced or contained herein was derived from sources believed to be correct; however, it is not guaranteed by the seller or the auctioneers. Personal on-site inspection of all property is recommended. The failure of any bidder to inspect, or to be fully informed as to the condition of the property, will not constitute grounds for any claim or demand for adjustment or withdrawal of bid, offer or deposit money after its opening tender. This includes but is not limited to public information such as easements, restrictions, zoning, right-of-ways, or any other information that can be obtained as public record in the appropriate county court house concerning subject properties.

10. Technical Issues: In the event there are technical difficulties related to the server, software, internet or any other online auction-related technologies, Beckort Auctions, LLC reserves the right to extend bidding, continue the bidding or close the bidding. Neither the company providing the software, nor Beckort Auctions, LLC, shall be held responsible for the failure of the software to function properly for any reason.

REVISED 05/21/2013
VIEW MAP
From I-64, take Exit 92 Leavenworth south on IN-66 1.7 miles, continue straight on S Indian Ridge Rd 1.3 miles, continue on S Fredonia Rd 1.4 miles, turn right on Alton Fredonia Rd 2.3 miles, turn right on S Cape Sandy Rd 0.3 miles, turn right to stay on S Cape Sandy Rd 1.4 miles, continue on S Alton Fredonia Rd 3 miles, continue on High Street 0.3 miles, turn left on S Beech St to site.