130 Ac Lanesville (Floyd Co) Real Estate Online Only Auction

LANESVILLE (FLOYD CO) REAL ESTATE AUCTION

130+/- AC OFFERED IN 6 TRACTS · COMBINATION BIDDING

TRACTS FROM 5 TO 46 ACRES · WOODED & OPEN

POTENTIAL DEVELOPMENT · UTILITIES AVAILABLE

1950 COUNTRY HOME w/BASEMENT · 1131 SF · 2BR/1BA

FAMILY-OWNED 60 YEARS · FIRST TIME ON MARKET

ONLINE ONLY · BIDDNG ENDS APRIL 23

Address: 7218 Smith Creek Rd., Lanesville, IN 47136

Location: Only 3 miles east of Lanesville or 5 miles south of I-64 Georgetown Exit!

REAL ESTATE INFO: EXCLUSIVE OFFERING! Very rare selection of 130+/- acres of highly desirable land situated in a picturesque, quiet country location off the beaten path just outside Lanesville, but only minutes from Lanesville or Georgetown I-64 on ramps and 16 miles from Louisville KY! Being offered in six (6) tracts and has a total of 1650’+/- frontage along the north & south sides of Smith Creek Rd and 380’+/- frontage along Heinze Rd! Electric and water are available along both roads. Property boasts multiple features-potential development, multiple building sites, open & wooded acreage, estate home type settings, convenient location, peaceful & picturesque country surroundings, recreation, and more! Also featuring a 2BR/1BA cottage-style cozy country home with full basement, & large vintage country barn (in need of rehabilitation). Family owned for 60 years-never before offered to the public! Tracts may be bid on separately or in combinations of your choice in conjunction with the Ultimate Choice bidding platform! Potential such as this seldom comes available! Endless possibilities for anyone-what do you need?

TRACT #1: Includes 5+/- acres; 390’+/- frontage on north side Smith Creek Rd; 1950-built country cottage-style home; 2-car detached garage (needs repair); large early country barn with loft (needs repair); 65% open; 35% wooded; & adjoins Tract 2. House interior: 1130+/- SF living area; 2BR/1BA; full basement (unfinished); naturally lit living room w/large picture window; eat-in-kitchen features oak cabinetry; appliances included-refrigerator, range/oven, microwave, washer & dryer; family room incudes self-standing woodstove w/brick surrounding (chimney was in working order-is currently capped off); & partial oak hardwood flooring. House exterior: concrete block foundation; asphalt-shingled roof; tilt-in replacement windows; rear deck; screened in sitting porch w/concrete floor; & blacktop driveway. Vintage swing set is included! Lot features: mature shade; great layout for social gatherings and outdoor activities! Mechanicals: American Standard LP-gas forced air furnace; 500-gallon LP-gas tank (owned) 40% full; central A/C; electric water heater; public water onsite; septic system (see Documents section for details); 100-amp electric; & sump pump w/back up system in place.

TRACT #2: Includes 46+/- acres; 345’+/- frontage on north side Smith Creek Rd; 960’+/- frontage on south side Smith Creek Rd; 75% open; 25% wooded; small creek; potential building sites; electric and water available (3” waterline); no improvements; & adjoins Tracts 1, 3, and 5.

TRACT #3: Includes 11+/- acres; 320’+/- frontage on north side Smith Creek Rd; 50% open; 50% wooded; potential building sites; no improvements; electric and water available (3” waterline); & adjoins Tracts 2 & 4.

TRACT #4: Includes 18.1+/- acres; 370’+/- frontage on north side Smith Creek Rd; mostly all wooded; potential building sites; no improvements; electric and water available (3” waterline); & adjoins Tract 3.

TRACT #5: Includes 40+/- acres; 240’+/- frontage on Heinze Rd; mostly all wooded; potential building sites; no improvements; electric and water available (8” waterline); & adjoins Tracts 2 & 6.

TRACT #6: Includes 10+/- acres; 140’+/- frontage on Heinze Rd; all wooded; potential building sites; no improvements; electric and water available (8” waterline); & adjoins Tract 5.

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 and 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 Tues April 16. 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: Thurs April 18 3-5 PM

UTILITIES: Electric-Harrison REMC; Water-Edwardsville Water Corp-3” water line along Smith Creek Rd & 8” water line along south side of Heinze Rd; Current LP Gas Provider-Pearce; Internet-Mainstream

ZONING: Agriculture/Residential

POSSESSION/CLOSING INFO: Possession at closing. Buyer to pay all closing fees except deed prep.

GAS/MINERAL RIGHTS: All mineral rights owned by the Sellers will be conveyed to the Purchaser(s).

SCHOOLS: New Albany Floyd County Consolidated Schools & Lanesville Community School Corp.

CURRENT PARCEL ID NOS: The current Tracts will be split from the following tax parcel numbers: 1) 22-01-02-200-014.000-001; 2) 22-01-02-200-010.000-001; & 3) 22-01-02-700-008.000-001

TAXES: All following payment amounts are per semi-annual installment and include seller deductions, if any; 1) $901.90; 2) $84.60; & 3) $120.32

DIRECTIONS: From I-64 Exit #113 (Lanesville), head south on Crandall Lanesville Rd, then east (right) on IN-62, then south (right) on Smith Creek Rd to site. From I-64 Exit #118 (Georgetown), SW on IN-62 4 miles, then left (south) on Smith Creek Rd to site.

REFERENCE POINTS: Lanesville-3 miles W; I-64 Exit #113 (Lanesville)-5.5 miles NW; I-64 Exit #118 (Georgetown)-5 miles N; Corydon-11 miles W; New Albany-11 miles NE; Louisville KY-16 miles E

OWNER: Selma Dempster Irrevocable Trust

EXHIBIT A: TERMS & CONDITIONS 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 April 16. 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.

130 Ac Lanesville (Floyd Co) Real Estate Online Only Auction

Tract 2: 46+/- Acres, Vacant Land

Tract 4: 18.1+/- acres, Vacant Land

Tract 6: 10+/- acres, Vacant Land

Tract 5: 40+/- acres, Vacant Land

Tract 1: 5+/- acres, includes 1950 Home & Other Improvements

Tract 3: 11+/- acres, Vacant Land

130 Ac Lanesville (Floyd Co) Real Estate Online Only Auction

Tract 2: 46+/- Acres, Vacant Land

Tract 4: 18.1+/- acres, Vacant Land

Tract 6: 10+/- acres, Vacant Land

Tract 5: 40+/- acres, Vacant Land

Tract 1: 5+/- acres, includes 1950 Home & Other Improvements

Tract 3: 11+/- acres, Vacant Land

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