.
LANESVILLE REAL ESTATE AUCTION
50 ACRES-VINYL FENCE-INDOOR ARENA
5000 SF HOUSE-TWO UNIT APARTMENT
INCOME PRODUCING
INTERNET ONLY
BIDDING ENDS SEPT. 16
ADDRESS: 4620 Crandall-Lanesville Rd, Corydon, IN
Located just one mile west of the I64 Lanesville Exit #113 (Franklin Township)
FOR ADDITIONAL DETAILS CLICK ON “VIEW DOCUMENTS” TAB ABOVE FOR AERIAL, PROP. ASSESS. TAX INFO, ETC.
REAL ESTATE SUMMARY: A RARE opportunity to purchase large acreage in Lanesville/Franklin Township! This beautiful well laid out 50 +/- acre farm is located just one mile west of the very desirable and developing I-64 Lanesville Exit #113. The land/exterior features include: 50 +/- acres of mostly tillable/pasture land; 3700’ +/- of white vinyl four rail fence; brick entrance; recently resealed 4+ acre lake site; and recent black-top driveway (2010). Highlights of the farm/buildings: massive 18K SF indoor riding arena with 22 stalls; brick barn with 8 stalls; & 40x80 equipment barn. Highlights of other improvements: single story brick ranch with 4BR/2.5BA, 5180 finished SF, walk out basement, pool, detached two-car garage; and an income producing duplex apartment building. An excellent horse farm that is income producing (two unit duplex/barn rental) and ready to move into! NOTE: existing septic system for house is for a two bedroom dwelling.
FARM/BUILDING DETAILS:
- Indoor arena 18,000 SF, 22 stalls, two offices, one bathroom (dedicated septic system), multiple doors/skylights, metal siding, unlimited potential usage
- Brick sided structure 2000 SF, 8 stalls, concrete alleyway, feed room, tack room, loft storage, & open lean-to for equipment storage
- Equipment metal sided storage building, 80’L x 40’W x 16’T, three large doors
- Two metal open sided structures for livestock
- Outdoor riding arena
- Electric in all buildings
- Multiple fenced pasture areas with ample shade
- Alfalfa field
APARTMENT DETAILS:
- Two unit apartment building, 3850 SF of living area, two-car attached garage, completely updated and remodeled
- Unit #1: 4BR/1BA
- Unit #2: 3BR/1BA
- Recent metal roof, brick siding, front porch, LP forced air furnace, each unit has own 500 gal LP tank (tanks sell with property), & central air
- Instant income producing highly desirable units
- Currently both units are occupied with written leases in place
- NOTE: existing septic system for apartment building is undersized, see permit/drawing under “view documents” tab
HOUSE DETAILS:
- Built in 1979 one story brick home, 5180 SF +/- of finished living area, 4BR/2.5BA
- Main level includes 2590 SF +/- & walk-out basement includes 2590
- 2012-new carpet/flooring throughout; new windows/door on west end; & new roof
- Two brick fireplaces; huge living areas; bar area
- Triple brick arches at living/dining areas
- Tall sloping ceiling in living room
- Includes appliances: built-in oven/microwave, dishwasher, stove
- Recent brick work to include new arches on massive patio area
- Rear brick patio area to include large in-ground pool area
- Large deck with view on west side of house
- Basement is completely open area with outside patio entrance
- Lots of storage area
- Dual type heat source: recent heat pump & fiber optic ceiling cable
- Two-car detached brick garage with overhead doors
- Quality landscaping with brick accents
- NOTE: existing septic system for house is for a two bedroom dwelling.
ROAD FRONTAGE/DRIVEWAY: Property has approx. 300’ of road frontage on Crandall-Lanesville Rd. NOTE-an existing easement exists on approx. 600’ of driveway, for use by adjoining home (4618 Crandall-Lanesville NE) owner only!
SOILS INFO: See website for soils map & legend.
POSSESSION/CLOSING INFO: Closing must occur within 30 days from auction. Possession will be given 40 days from day of closing.
UTILITY PROVIDERS: Electric-Harrison REMC; Water-Ramsey Water Co; Internet-Verizon
OPEN HOUSE: Wed. Sept 3 5-6 PM or by scheduled appointment
LEGAL DESCRIPTION: PT NE1/4 12-3-4; 50 AC
TAXES: $2265.70/per installment (based on current exemptions)
PARCEL ID: 31-10-12-200-001.000-005
POINTS OF REFERENCE/INTEREST: One mile west of I-64 Exit 113 interchange; 11 miles NE of Corydon; 17 miles west of Louisville, KY; 23 miles NW of Churchill Downs; 120 miles south of Indianapolis
DIRECTIONS: From I-64 Lanesville Exit 113, north on Crandall Lanesville Rd 0.2 miles, then left to stay on Crandall Lanesville Rd 1.1 miles to site.
OWNER: Fred J. & Betty A. Cunningham
TERMS & CONDITIONS<br>
<br>
1. Conditions of Sale: This online only auction is selling subject to owner&#146;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 &#147;as-is&#148;, &#147;where-is&#148;, 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.<br>
<br>
2. Closing: A Buyer'&#146;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. If method of payment of the 10% earnest deposit is made by credit card, there will be a 3% fee charged. 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.<br>
<br>
3. Lead Based Paint Disclosure: Buyers of any interest in residential real property with a residential dwelling built prior to 1978 are notified that such property may present exposure to lead from lead-based paint. The Seller(s) of such property is required to provide the Buyer(s) with any information on lead-based paint hazards from risk assessments or inspections while in the Seller(s) possession and notify the Buyer(s) of any unknown lead-based paint hazards. Any inspections and assessments for the presence of lead-based paint and/or hazards by a buyer(s) must be made prior to auction; otherwise, buyer(s) waives the 10-day opportunity to conduct such risk assessment/inspection and shall acknowledge receipt of lead-based paint disclosure form.<br>
<br>
4. 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.<br>
<br>
5. 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.<br>
<br>
6. 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. <br>
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.<br>
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.<br>
<br>
7. 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.<br>
A two percent (2% variable) bid price commission, not to include any buyer&#146;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.<br>
<br>
8. 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.<br>
<br>
9. 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.<br>
<br>
10. 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. <br>
<br>
11.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.<br>
REVISED 02/10/2014