Simulcast auction will be conducted @
5841 Parker Ave, Indianapolis, IN 46220
LOT 1: 5841 N PARKER AVENUE
3BR/1.5BA Brick Ranch on 0.54 Acres
COURT-APPROVED GUARDIANSHIP REAL ESTATE SALE
PROPERTY OVERVIEW
Don't miss this incredible opportunity to own a well-maintained brick ranch home in the highly sought-after Brockton neighborhood of Washington Township. This classic 3-bedroom, 1.5-bathroom residence sits on a generous 0.54-acre lot and offers tremendous potential for investors, flippers, or families seeking their next home.
DETAILED DESCRIPTION
MAIN LEVEL FEATURES:
- Living Area: 1,334 square feet of comfortable living space
- Bedrooms: Three spacious bedrooms with ample natural light
- Bathrooms: One full bathroom plus convenient half bath
- Kitchen: Functional layout ready for your personal touch
- Living Spaces: Open floor plan perfect for modern living
- Screened Porch: Charming outdoor space overlooking the private backyard
LOWER LEVEL:
- Full Basement: 1,334 square feet of unfinished space
- Expansion Potential: Perfect blank canvas for additional living areas
- Storage: Abundant space for all your needs
- Utility Area: Convenient location for mechanicals
EXTERIOR FEATURES:
- Construction: Solid brick exterior construction (1955)
- Lot Size: Expansive 0.54-acre lot with mature landscaping
- Garage: Attached garage (462 square feet)
- Driveway: Concrete driveway with additional parking
- Landscaping: Mature trees providing natural privacy and beauty
- Yard: Large backyard perfect for entertaining, gardening, or play areas
LOCATION ADVANTAGES
NEIGHBORHOOD: Located in the desirable Brockton subdivision of Washington Township, known for its established homes, tree-lined streets, and strong sense of community.
SCHOOLS: Indianapolis Public School District with access to quality educational options.
CONVENIENCE: Minutes from top-rated dining, shopping, and entertainment venues. Easy access to major highways for commuting throughout the Indianapolis metropolitan area.
AREA AMENITIES:
- Close to parks and recreational facilities
- Convenient shopping and dining options
- Easy access to major employment centers
- Well-established residential neighborhood
- Public transportation accessibility
INVESTMENT POTENTIAL
This property represents an excellent opportunity for:
INVESTORS: Prime rental property in established neighborhood with strong rental demand
FLIPPERS: Solid foundation with cosmetic improvement opportunities to create instant equity
HOMEOWNERS: Move-in ready home with potential to customize and expand
DEVELOPERS: Large lot size offers possibilities for future development or expansion
PROPERTY CONDITION
SOLD AS-IS, WHERE-IS: Property is being sold in its current condition without warranties or guarantees. Buyers are encouraged to inspect during scheduled viewing times.
STRUCTURAL: Solid brick construction with good bones and strong foundation
SYSTEMS: Property includes standard utilities - electric, gas, water, and sewer connections
MAINTENANCE: Well-maintained exterior with established landscaping
KEY SELLING POINTS
✓ Prime Location: Washington Township's desirable Brockton neighborhood
✓ Large Lot: 0.54 acres with mature trees and privacy
✓ Solid Construction: 1955 brick ranch built to last
✓ Expansion Ready: Full basement offers endless possibilities
✓ Investment Grade: Perfect for rental, flip, or personal residence
✓ Outdoor Living: Screened porch and large yard for entertaining
✓ Attached Garage: Convenient covered parking and storage
✓ Established Area: Proven neighborhood with stable property values
TECHNICAL SPECIFICATIONS
Total Square Footage: 2,668 sq ft (1,334 main level + 1,334 basement)
Finished Living Area: 1,334 square feet
Lot Dimensions: [To be confirmed by survey]
Zoning: Residential
Year Built: 1955
Property Style: Ranch
Exterior: Brick
Roof: Asphalt
Foundation: Full basement
FINANCIAL INFORMATION
Assessed Value: $150,000 (Marion County Assessor)
Annual Property Taxes: Approximately $2,100
Tax ID: [Marion County Parcel Number]
Homestead Exemption: Available for qualifying owner-occupants
AUCTION DETAILS
SALE TYPE: Seller's Confirmation
POSSESSION: At closing
FINANCING: Cash preferred, financing acceptable with pre-approval
INSPECTIONS: By Appointment
CLOSING: Within 30- days from auction date
LEGAL NOTICE
This sale is conducted under Marion County Probate Court supervision as part of the Chervyl Lasher Guardianship proceedings. The court-appointed guardian has been granted authority to sell this real estate through public auction. All documentation has been court-approved and the sale is legally authorized under Indiana Guardianship statutes.
VIEWING SCHEDULE
Open House Opportunities:
- Wednesday, July 2, 2025: 5:00 PM - 7:00 PM
- Sunday, July 6, 2025: 1:00 PM - 3:00 PM
- Saturday, July 12, 2025: 9:00 AM - 9:45 AM (Auction Day)
Property is accessible during scheduled times only. Please bring appropriate identification and exercise caution during inspection.
TERMS: $25,000 down payment due immediately upon successful bid (certified funds required). 10% buyer's premium applies. Balance due at closing. All sales subject to court confirmation. Complete terms and conditions available at auction.
REGISTRATION: All bidders must register with valid ID and proof of financial capability before auction begins.
This property offers the perfect combination of location, potential, and value. Whether you're an experienced investor, first-time flipper, or family seeking your next home, 5841 N Parker Avenue represents an exceptional opportunity in one of Indianapolis's most desirable areas.
Mark your calendar - this is one auction you won't want to miss!
Notice:
This is a simulcast auction. You can bid online or in-person @ our auction house.
We'll open simulcast console 15 - 30 min before the auction begins. Once the console is open, you'll see:
If you would like to attend the simulcast, please click on the "Enter Auction." It'll take you to a different screen.
Once you are in the Simulcast console, you can view the lot details by clicking the lot picture with "i" under "Current Lot."
If you are unable to attend the simulcast, you may use "Prebid Now" button: 
. This is essentially for leaving absentee bids. This button will be disabled when it's turn for live bidding. You are NOT actively placing bid by utilizing this button.
Simulcast Chat feature:
1) We are unable to place bids on behalf of you through this feature. Please do not tell us your bidding amount.
2) If there is a significant error, please call us rather than utilizing this chat feature. We'll do our best, but depending on who is
operating the clerk (a person who enters the data into our system) machine or how busy catching bids, we are unable to reply. Our phone # is: (765)445-7814.
REAL ESTATE AUCTION TERMS AND CONDITIONS
Property: 5841 Parker Avenue, Indianapolis, IN 46220
Auction Date & Time: Saturday, July 12, 2025 at 10:00 AM (EST)
Seller: The Chervyl Lesher Guardianship
Simulcast auction will be conducted @ 5841 Parker Ave, Indianapolis, IN 46220
________________________________________
1. Bidder Registration: All prospective bidders must register and provide valid identification prior to bidding.
2. Property Description: Brick ranch-style home with 3 bedrooms, 1.5 bathrooms, a full basement, and attached garage situated on a large lot in Washington Township, Marion County.
3. Opening Bid: The auction will open with a minimum bid of $150,000.
4. Deposit: A $25,000 non-refundable deposit is required from the successful bidder on auction day.
5. Buyer’s Premium: A 10% buyer’s premium will be added to the final bid to determine the total purchase price.
6. Payment Terms: The balance of the purchase price is due by bank wire at closing, to occur within thirty (30) days of the auction. Payment shall be made payable to Fidelity National Title.
7. Possession: Possession shall be granted at closing.
8. Taxes: The Seller will pay taxes due and payable through the May 2025 installment. Buyer shall pay all taxes due thereafter.
9. Title & Deed: Seller will provide a General Warranty Deed and title insurance through Fidelity National Title.
10. Closing Costs: Seller shall pay standard closing costs typically paid by a seller in Marion County. Buyer is responsible for any lender-related fees or additional title endorsements.
11. Condition of Property: The property is being sold "as-is, where-is" with no warranties expressed or implied. No contingencies for inspections or financing.
12. Disclosures: There are no known material defects or disclosures at this time.
13. Auctioneer Agency Disclosure: Burgess Auctions LLC and its representatives are acting exclusively as agents for the Seller.
14. Right to Accept/Reject Bids: The Seller reserves the right to accept or reject any and all bids.
15. Governing Law: The auction and any resulting sale shall be governed by the laws of the State of Indiana.
16. Bidding Platform: Pre-bidding and live online bidding will be offered at www.burgessauctions.com in addition to live, on-site bidding.
________________________________________
By participating in this auction, all bidders agree to these terms and conditions.
Presented by:
Burgess Auctions LLC
Zack Burgess, CAI • IN AU19600029
765-445-7814 • sold@burgessauctions.com
www.burgessauctions.com
