Freije & Freije Auctioneers
Residential Real Estate, Other
Nov 14, 2018 - BIDDING ENDS 6 PM! Eastern
Richard D. & Ashira O. Young
10347 East Daughtery Lane
Milltown, IN 47145
Online Only Auction
A RARE offering of 119 +/- acres with almost a mile of Blue River frontage. This private getaway is surrounded by Blue River on almost 3 sides. Improvements include: two quality homes, barns, and income producing features.
Inspection: Thurs Nov 1 3:30-5:30 PM
Beckort Auctions, LLC
115 E. Chestnut St.
Corydon, IN 47112
119 +/- ACRE REAL ESTATE AUCTION
4600’ BLUE RIVER FRONTAGE
TWO HOMES-BARNS-INCOME PRODUCING
ONLINE ONLY-BIDDING ENDS NOV 14
ADDRESS: 10347 & 10351 E Daugherty Lane, Milltown, IN 47145
Located just 5 miles N of Milltown or 35 miles NW of Louisville KY!
CLICK ON VIEW DOCUMENTS TAB ABOVE FOR AERIAL, PROP. ASSESS. TAX INFO, ETC.
REAL ESTATE: A RARE opportunity to purchase a 119 +/- acres of land that is surrounded on three sides by nearly one mile of Blue River frontage. This estate type property features a primary residence with 4BR/2BA as well as a vacation rental/guest house with 3BR/1BA. Peach, pear and apple trees as well as gooseberry and black raspberries adorn the property along with replanted wildflowers. In addition there are two barns including a 12-stall/bay pole barn and a 2-story post and pin barn, large pond w/boat dock, 60 +/- acres in Classified Forest and miles of horse riding, walking and ATV trails.
MAIN RESIDENCE DETAILS: Includes a 1972 built recently remodeled single story 4BR/2BA home. Interior features: 1812 +/- SF, walk-out basement, spacious country kitchen, sunroom with excellent views, appliances (dishwasher, microwave, range/oven, refrigerator), 2 wood-burning stoves, & walk-in pantry. Exterior features: vinyl siding, excellent views, front porch, & mature landscaping. Mechanicals: LP forced air furnace, central air, & well water.
VACATION RENTAL/GUEST HOUSE: Includes a 1910 built completely renovated two story 3BR/1BA home. Interior features: 1816 +/- SF, wood-burning stove, basement, & appliances (dishwasher, microwave, gas stove/electric oven, refrigerator). Exterior features: large southern style front porch, covered back porch, vinyl siding, excellent views, and hot tub. Mechanicals: LP forced air furnace, central air, & well water.
INCOME PRODUCING: Owner receives $5300/year from Classified Forest program which maintains a tax assessment of $1/acre for the 60 wooded acres. Potential rental income on guest house, owner has an established rental business. New buyer will receive client list, website, domain name, and existing bookings.
RIVER FRONTAGE/ACCESS: Property includes 4600’ +/- of Blue River frontage and 750’+ of road frontage on East Daughtery Lane. Property is eligible for multiple splits.
MINERAL RIGHTS: Includes sellers’ interest in mineral rights.
SURVEY FEES: No survey fees apply.
INSPECTION: Thurs Nov 1 3:30-5:30 PM
POSSESSION/CLOSING INFO: Possession at closing on land and guest house. Possession on main residence will not be granted until Dec. 31, 2018.
UTILITIES: Electric-Duke Energy; Water-onsite well; LP gas tank on site (rental)
LEGAL DESCRIPTION: Pt Se 26-1-2e 89.838AC; Pt W ½ Sw 25-1-2e 22.5AC; Pt Se 26-1-2e 5.04AC; Pt E ½ Se 26-1-2e 2 AC
TAXES: $1,507 per installment (based on current owner exemptions)
PARCEL ID: 13-04-26-406-001.000-013; 13-04-26-405-001.000-013; 13-04-26-404-001.000-013
REFERENCE POINTS: Milltown-5 N; Palmyra-13 W; Corydon-20 NW; French Lick-29 SE; New Albany-31 NW; Louisville KY-35 NW
DIRECTIONS: From Milltown, north on IN-66 4 miles, right on E Daughtery Lane 0.8 miles to site. From Corydon I-64 Exit #105, north on IN-135 5.7 miles, west on IN-64 11 miles, right on IN-66 3.1 miles, then right on E Daughtery Lane 0.8 mile to site. Watch for auction arrows!
OWNER: Richard D. & Ashira O. Young