The Region's 1st Choice For Auctions!

The Region's 1st Choice For Auctions!

HARRISON COUNTY MULTIPLE PARCEL ONLINE ONLY REAL ESTATE AUCTION

by Beckort Auctions, LLC

When

Apr 30, 2018 - BIDDING ENDS 6 PM! Eastern

Where

Estate of Wayne M. Snyder
Multiple Locations
New Salisbury & Corydon, IN 47161 & 47112

How

Online Only Auction

Notes

Includes eight properties in New Salisbury & Corydon, five are income producing, while the remainder are vacant lots.

Inspection #1 (New Salisbury): Tues April 24 4-6 PM
Inspection #2 (Corydon): Tues April 24 6-7 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

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HARRISON COUNTY REAL ESTATE AUCTION

EIGHT INVESTMENT PROPERTIES

COMMERCIAL/RESIDENTIAL/VACANT LOTS

INCOME PRODUCING REAL ESTATE

ONLINE ONLY-BIDDING ENDS APRIL 30

Location:  Various locations from Corydon to New Salisbury, Indiana!

GENERAL AUCTION INFO: Includes (8) commercial rentals, vacant buildings, single family homes, and vacant lots. All properties are part of the Wayne Snyder Estate.

 

TRACT #1: 7500 Corydon Junction Rd & 7525/7545 Hwy 135 NE, New Salisbury, IN

REAL ESTATE INFO (7500 Corydon Junction):  Includes two structures, the original New Salisbury School and additional detached building. Original School House was built in 1920, includes 2 floors of 8000 +/- SF each, a 2600 +/- SF attached building, formerly rented as (12) apartments-then renovation began but was not completed, and currently in poor condition. Lots of potential for multiple uses due to amount of square footage available. Second building is a 1962 built 2400 +/- SF building, formerly rented as (4) apartments-then renovation began but was not completed, and currently in poor condition. NOTE: this is included with the 7525 Hwy 135 tract.

INCOME INFO: Currently not rented due to condition, formerly rented for $350 & $400/month for each of 16 units for total of $5800/month.

INSPECTION: Tues April 24 4-6 PM

UTILITIES: Electric-Duke Energy (16 separate meters); Water-Ramsey Water Co (1 meter); septic system (shared with 7525 & 7545 Hwy 135 NE properties).

LEGAL DESCRIPTION:  006-01478-00; Pt Ne ¼ 29-2-4; 1.00 Ac

TAXES:  $897.44/per installment (based on current owner exemptions)

POSSESSION/CLOSING INFO: Possession granted at closing on this tract. Buyer to pay all closing fees except deed prep.

PARCEL ID:  31-06-29-255-001.000-011

DIRECTIONS: From New Salisbury, south on Hwy 135 0.4 miles, right (west) onto Water St 0.1 miles to site. NOTE: located at corner of Water St & Corydon Junction Rd.

OWNER: Mary Lee Snyder


UPDATE:  04/19/2018:  Tenant of one apartment has moved out.

REAL ESTATE INFO (7525 Hwy 135 NE):  Former Buck Stove office building built in 1962 located on Hwy 135. Includes 1232 +/- SF on main floor, 1232 +/- SF in walkout basement, and has been converted to (4) four 1BR apartments. Currently occupied and rented for $300-$500/month per unit. NOTE: this is included with 7500 Corydon Junction Road tract.

INCOME INFO: Currently rented for $1600/month. Written month to month lease, see “View Documents” section for lease agreement details.

INSPECTION: Tues April 24 4-6 PM

UTILITIES: Electric-Duke Energy (4 separate meters); Water-Ramsey Water Co (shared with 7545 meter); septic system (shared with 7500 Corydon Junction Rd & 7545 Hwy 135 NE properties).

LEGAL DESCRIPTION:  006-01475-00 Sw Cor Pt Ne ¼ 29-2-4; 0.57 Ac

TAXES:  $278.72/per installment (based on current owner exemptions)

POSSESSION/CLOSING INFO: Property currently rented, see lease for details. Buyer to pay all closing fees except deed prep.

PARCEL ID:  31-06-29-255-003.000-011

DIRECTIONS: From New Salisbury, south on Hwy 135 0.4 miles to site.

OWNER:  Mary Lee Snyder


UPDATE 04/19/2018:  Tenant has moved out and property is currently vacant.

REAL ESTATE INFO (7545 Hwy 135 NE):  Includes a 1950 built ranch style home with 1600 +/- SF, 3BR/1.5BA sitting on a corner lot of SR 135 & Water Street. Currently occupied and rented for $750/month.

INCOME INFO: Currently rented for $750/month. Written month to month lease, see “View Documents” section for lease agreement details.

INSPECTION:  Tues April 24 4-6 PM

UTILITIES:  Electric-Duke Energy (separate meter); Water-Ramsey Water Co (shared with 7525 meter); septic system (shared with 7500 & 7525 properties)

LEGAL DESCRIPTION:  006-00173-00 Pt Ne Qr 29-2-4; 0.43 Ac

TAXES:  $384.45/per installment (based on current owner exemptions)

POSSESSION/CLOSING INFO: Property currently rented, see lease for details. Buyer to pay all closing fees except deed prep.

PARCEL ID:  31-06-29-255-002.000-011

DIRECTIONS: From New Salisbury, south on Hwy 135 0.3 miles to site.

OWNER:  Mary Lee Snyder


TRACT #3: 7530 Spring Branch Rd, New Salisbury, IN

REAL ESTATE INFO:  Includes one story home with 1056 +/- SF sitting on a 0.50 +/- acre lot located at the corner of SR 135 & Spring Branch Road. Currently occupied and rented for $500/month. Includes detached summer kitchen. NOTE: back half of home was a single wide trailer and has been added onto.

INCOME INFO: Currently rented for $500/month. Written month to month lease, see “View Documents” section for lease agreement details.

INSPECTION:  Tues April 24 4-6 PM

UTILITIES:  Electric-Duke Energy (separate meter); Water-Ramsey Water Co (separate meter); septic system (not shared with any other properties)

LEGAL DESCRIPTION:  006-01741-00; Pt Ne ¼; 29-2-4; 0.50 Ac

TAXES:  $210.84/per installment (based on current owner exemptions)

POSSESSION/CLOSING INFO: Property currently rented, see lease for details. Buyer to pay all closing fees except deed prep.

PARCEL ID:  31-06-29-256-002.000-011

DIRECTIONS: From New Salisbury, south on Hwy 135 0.3 miles to site. NOTE: located at the corner of Spring Branch Rd & Hwy 135.

OWNER:  Mary Lee Snyder


TRACT #4: 7045 Corydon Junction Rd NE, New Salisbury, IN

REAL ESTATE INFO: Includes the original New Salisbury Bank Building. The two story stone building has 3600 +/- SF and has been converted to (4) four 2BR/1BA apartments. Currently occupied and rented for $400-$640/month per unit. Located on Corydon Junction Road.

INCOME INFO: Currently rented for $2065/month. Written month to month lease, see “View Documents” section for lease agreement details.

INSPECTION: Tues April 24 4-6 PM

UTILITIES:  Electric-Duke Energy (4 separate meters); Water-Ramsey Water Co (1 meter); Sewer

LEGAL DESCRIPTION:  006-01755-00; Inlots 85’ End #12; 4’N Side #11; #10; Pt #11; 14’ W Side #12; 36’ Off W End #12; 36’ Off N ½ #11

TAXES:  $649.36/per installment (based on current owner exemptions)

POSSESSION/CLOSING INFO: Property currently rented, see lease for details. Buyer to pay all closing fees except deed prep.

PARCEL ID:  31-06-29-351-006.000-011

DIRECTIONS: From New Salisbury, south on Hwy 135 1.1 miles, right (west) on Trestle Rd NE 0.2 miles, then left (south) onto Corydon Junction Rd to site.

OWNER:  Mary Lee Snyder


TRACT #5: 90 Old Hwy 135, Corydon, IN

REAL ESTATE INFO:  Includes 1900 1.5 story home, 1069 +/- SF, currently set up as two (2) 1BR/1BA apartments. Currently occupied and rented for $450/month per unit. Located on a 0.12 +/- acre lot with frontage on Old Hwy 135.  

INCOME INFO: Currently rented for $900/month. Written month to month lease, see “View Documents” section for lease agreement details.

INSPECTION: Tues April 24 6-7 PM

UTILITIES: Electric-Duke Energy (2 meters); Water-Town of Corydon (2 meters); Sewer-Town of Corydon

LEGAL DESCRIPTION:  Loweth Add Pt Inlot 49; 42x100; 13 638 11 ½’ x 100 Pt Inlot 50

TAXES:  $442.34/per installment (based on current owner exemptions)

POSSESSION/CLOSING INFO: Property currently rented, see lease for details. Buyer to pay all closing fees except deed prep.

PARCEL ID:  31-09-36-477-009.000-008

DIRECTIONS: From Downtown Corydon, south on Capitol Ave/Old Hwy 135 0.7 miles to site.

OWNER:  Mary Lee Snyder


TRACT #6: Dogwood Drive Lot #132, New Salisbury, IN

REAL ESTATE INFO: Includes vacant lot on Dogwood Drive.

INSPECTION:  Vacant land, view anytime.

LEGAL DESCRIPTION:  Pt of NW ¼ NE ¼ Sec 20, Township 2 S, Range 4 E, part of Lot 132

TAXES:  Not currently entered for taxation but being corrected.

POSSESSION/CLOSING INFO: Possession at closing. Buyer to pay all closing fees except deep prep.

PARCEL ID:  31-06-20-202-008.000-011

DIRECTIONS: From New Salisbury, north on Hwy 135 0.9 miles, right (east) on Dogwood Drive.

OWNER:  Estate of Wayne M. Snyder


TRACT #7: Dogwood Drive Lot #122, New Salisbury, IN

REAL ESTATE INFO:  Includes vacant 0.34 +/- acre lot in Oak Park Estates with frontage on Dogwood Drive.

INSPECTION:  Vacant land, view anytime.

LEGAL DESCRIPTION:  Pt Nw Qr Ne Qr 20-2-4;0.347 Ac; Lot #122 Oak Park Estates by Survey

TAXES:  $18.02/per installment (based on current owner exemptions)

POSSESSION/CLOSING INFO: Possession at closing. Buyer to pay all closing fees except deep prep.

PARCEL ID:  31-06-20-203-009.000-011

DIRECTIONS: From New Salisbury, north on Hwy 135 0.9 miles, right (east) on Dogwood Drive 0.3 miles to site.

OWNER:  Estate of Wayne M. Snyder


TRACT #8: Apache Drive, Corydon, IN N

REAL ESTATE INFO:  Includes vacant lot in Big Indian Village with frontage on Apache Drive.

INSPECTION:  Vacant land, view anytime.

LEGAL DESCRIPTION:  Big Indian Village Inlot #4

TAXES:  $18.02/per installment (based on current owner exemptions)

POSSESSION/CLOSING INFO: Possession at closing. Buyer to pay all closing fees except deep prep.

PARCEL ID:  31-10-06-426-005.000-011

DIRECTIONS: From Corydon, north on Hwy 135 2.5 miles, right (east) on Hwy 335 0.2 miles, left Cherokee Drive, then left on Apache Drive to site.

OWNER:  Estate of Wayne M. Snyder


Exhibit A Beckort Auctions Real Estate On-Line Only Auction

Terms and Conditions of Online Only Reserve Real Estate Auction

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 one percent (1%) 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

Due to multiple locations, see auction listing for specific information on each property.