4+/- AC LANESVILLE REAL ESTATE AUCTION
OFFERED IN 2 TRACTS · COMBINATION BIDDING
2003 MFD HOME · 1344 SF · 3BR/2BA
BARNS & OUTBUILDINGS · SOME FENCING
OPEN ACREAGE · POTENTIAL BUILDING SITES
ONLINE · BIDDING ENDS JUNE 26
Address: 2727 Hwy 11, Lanesville, IN 47136 (Floyd Co)
Location: Only 4.5 miles NE of Lanesville & 3.5 miles SW of Georgetown I-64 Exit 118!
REAL ESTATE INFO: Very convenient location, pleasant country surroundings, & perfect setting for outdoor projects! This property features 4+/- acres being offered in two tracts very conveniently located 4.5 miles NE of Lanesville and only 3.5 miles SW of Georgetown/I-64 Exit 118! Surrounded by beautiful country scenery and tidy homes, this property is perfect for a starter family home, and if you like outdoor projects and entertainment (gardening, mini-farm, backyard BBQ’s) this property accommodates! Includes a 2003-built, 1344 SF, 3BR/2BA manufactured home, multiple outbuildings & barns, open acreage, some fencing (was used for a couple horses/cows), and potential building sites! Tracts may be bid on separately or combined in conjunction with the Ultimate Choice bidding platform! Your opportunity is now!
TRACT #1: Includes 1.31+/- acres; 285’ road frontage on Hwy 11; 2003 manufactured home w/attached carport; metal-sided shop/garage; two additional open-sided barns; open-sided lean-to shed; two smaller sheds; & adjoins Tract 2.
-House Interior Features: 1344 SF; 3BR/2BA; vinyl plank hardwood flooring in living room & master bedroom; open concept dining room & kitchen; kitchen is naturally bright w/four large windows; kitchen island features sink & breakfast bar; utility room off kitchen with rear exit door; enclosed rear porch; large master bedroom includes walk-in closet & bath w/large corner soaking tub, double sinks, & separate shower; two additional bedrooms; guest bath w/tub & shower combo.
-House exterior features: Attached built-in carport; concrete handicap accessible ramp from carport to front door; additional covered storage area at back of carport; small screened-in back porch; vinyl siding; concrete block foundation; asphalt shingle roof; concrete driveway & parking.
-Mechanicals: electric water heater (installed 2018); public water onsite; septic system; electric forced air furnace (new in 2022); central A/C; LP Gas tank owned-20% full. Tank is not currently in use and has never been used by current owner, previous owner used it for a free standing propane heater.
-Lot Features: Mostly flat & all open; some mature trees along road & property line; potential garden or social areas.
-Garage/shop/outbuildings: Detached metal-sided shop/garage; two open-sided barns; open-sided lean-to shed; and two smaller garden sheds.
TRACT #2: Includes 2.69 +/- acres; 150’+/- frontage on Hwy 11; small 1950 raised roof barn; mostly flat & all open; partial fencing; spring fed well w/overflow tank (used for watering horses-needs cleaned every couple years); potential building sites; & adjoins Tract 1. Road frontage allows for tract to potentially be split one time if deeding to family-must apply with Planning & Zoning & meet requirements. Call Floyd County Planning & Zoning for information.
ULTIMATE CHOICE BIDDING SYSTEM: The “Ultimate Choice” bidding system allows someone to bid on individual tracts or a combination of tracts throughout the auction. This auction system DOES NOT include a maximum bid feature; the price will increase to the bid amount that is entered for both individual tract bids or combination bids. Any posted bid is considered active and could be back in winning position any time during the auction due to different combinations being offered. Combination bidding will be allowed as of Noon on Wed June 19. The final auction price will be determined by the combination which realizes the highest bid. If you have any questions about this system, please do not hesitate to contact our office to discuss.
OPEN HOUSE/INSPECTION: Wed June 19 4-5 PM
UTILITIES: Electric-Harrison REMC; Water-Edwardsville Water; Internet-Spectrum; Septic System
POSSESSION/CLOSING INFO: Possession at closing. Buyer to pay all closing fees except deed prep.
SCHOOLS: Georgetown Elementary School; Highland Hills Middle School; Floyd Central High School; & Lanesville Community School Corp.
PARCEL ID: The tracts will be split from the following parcel number: 22-01-01-400-024.000-001.
TAXES: $1004.72 (includes $19.50 storm water fees) per semi-annual installment. Amount includes seller’s current tax exemptions, if any.
DIRECTIONS: From Lanesville, head NE on Hwy 62; then right on Hwy 11 to site. From I-64 Georgetown Exit 118 head south on Hwy 62 then left onto Hwy 11 to site.
OWNER: Renitia Whitis
PLEASE READ AND REVIEW THE TERMS THOROUGHLY PRIOR TO BIDDING.
IF YOU HAVE NOT READ AND UNDERSTAND THESE TERMS, PLEASE DO NOT BID. BY BIDDING ON THIS AUCTION, BUYER AGREES TO ALL TERMS AND CONDITIONS SET FORTH AND ENTERS INTO A CONTRACTUAL AGREEMENT TO PURCHASE THE ITEMS(S) UNDER THE FOLLOWING TERMS AND CONDITIONS:
ULTIMATE CHOICE BIDDING SYSTEM: The “Ultimate Choice” bidding system allows someone to bid on individual tracts or a combination of tracts throughout the auction. This auction system DOES NOT include a maximum bid feature; the price will increase to the bid amount that is entered for both individual tract bids or combination bids. Any posted bid is considered active and could be back in winning position any time during the auction due to different combinations being offered. Combination bidding will be allowed as of Noon on June 19. The final auction price will be determined by the combination which realizes the highest bid. If you have any questions about this system, please do not hesitate to contact our office to discuss.
NOTE: This auction features EXTENDED BIDDING! Any bid placed within FIVE minutes of the scheduled closing time will cause the auction to extend for another TEN minutes. The auction will remain open until all bidding has stopped. ***If auction is extended past one hour, extension time will decrease to FIVE minutes. If auction is extended past two hours, extension time will decrease to THREE minutes.
Bid Increments:
Min Max Increment
$0.00 - $49,999 $1000
$50,000 - $249,999 $2500
$250,000 - $499,999 $5000
$500,000 - $999,999 $10,000
$1,000,000+ $25,000
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. 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 Info: 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 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. Buyer(s) shall pay all costs of closing with exception of deed preparation paid by Seller. Possession shall be given to the successful Buyer(s) at closing.
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.
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.
5. Other Conditions: Buyer(s) must be prepared to make a cash offer. 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. This property is being sold for cash “as-is, where-is” with a closing deadline.
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. Bidder Verification: Bidding rights are provisional, and if identity verification is questionable, Beckort Auctions has the right to reject the registration, and bidding activity will be terminated. The Seller and Beckort Auctions reserve the right to preclude any person from bidding if there is any question as to the person’s credential as they are responsible for ANY and ALL activity involving their account. When using the web site you must obey any and all local state and federal laws. Violations will result in termination of web site use privileges.
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.
YOUR BID ON THIS AUCTION INDICATES BOTH AN UNDERSTANDING AND AN ACCEPTANCE OF THE TERMS OF THIS CONTRACTUAL AGREEMENT BETWEEN YOURSELF AND BOTH THE SELLER AND BECKORT AUCTIONS AND THAT YOU, AS THE BIDDER, ARE PREPARED TO PURCHASE THE PROPERTY UNDER THE TERMS AND CONDITIONS OF THIS AUCTION.