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119 +/- ACRES WITH RARE BLUE RIVER FRONTAGE ONLINE ONLY AUCTION

by Beckort Auctions, LLC

When

Nov 14, 2018 - BIDDING ENDS 6 PM! Eastern

Where

Richard D. & Ashira O. Young
10347 East Daughtery Lane
Milltown, IN 47145

How

Online Only Auction

Notes

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

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Conducted By

Beckort Auctions, LLC

115 E. Chestnut St.
Corydon, IN 47112

812-738-9476

http://www.beckortauctions.com

Ending Time

Nov 14, 2018 6:00 PM

Auction Listing

 

119 +/- ACRE REAL ESTATE AUCTION

4600’ BLUE RIVER FRONTAGE

RARE OFFERING-PRIVACY-SECLUSION

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

 

 

 


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 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 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!