Auction Information
Real Estate: The real estate consists of a vinyl sided, 3 bedroom, 1 bath, Ranch Home, with kitchen, utility room, electric heat pump, central air, new electric water heater, city water and sewer. The living room and hallway have beamed ceilings. The bathroom has his and her sinks, new plumbing fixtures, and carpeting. The owner states that the home has a lifetime warranty on the siding of the home from Sear’s that is transferable. Outside is a nice storage building with new roofing, 2 covered porches, storage room off of the back porch, fenced in backyard, dusk to dawn streetlight, well-groomed landscaping, and a concrete drive leading to and under the carport.
The following Personal Property will be included with the Real Estate: Upright freezer, dishwasher, range, pine oval table with 6 chairs and a matching buffet with hutch, 3 end tables, 3 cushion couch, 2 recliners, 3 p...
The following Personal Property will be included with the Real Estate: Upright freezer, dishwasher, range, pine oval table with 6 chairs and a matching buffet with hutch, 3 end tables, 3 cushion couch, 2 recliners, 3 piece coffee table, 2 lamp tables with Queen Anne legs, table lamps, high back chair with basket weave sides, a television stand, 3 full size beds with headboard and kickboard, maple magazine rack, stuffed causal chair, chest of drawers, picnic table with metal frame.
TERMS OF REAL ESTATE: The Successful Bidder will deposit 10% of the contract purchase price (except for exempt entities) at the auction in the form of cash, cashier’s check or approved personal check or company check with bank letter of guarantee (no bank drafts). The Buyer will sign a non-contingent real estate contract with the balance due in 30 days or thereafter within 5 days of presentation of insurable title. The Real Estate will be sold “AS-IS” with no warranty, expressed or implied, but will be free and clear of any liens or encumbrances. An ALTA 2006 Title Insurance Commitment in the amount of the contract price will be supplied to the Buyer by the Seller and Seller shall pay for title search, premium for owner’s policy and cost to correct any title defects. If obtaining a loan, the Buyer shall pay the mortgage policy and recording of his/her necessary documents. The Auction will conclude when the Auctioneer determines that all buyers have made their best and final offers. Anyone desiring to bid must be approved prior to sale by Johnny Swalls. Any statements made by the Auctioneer day of sale or during the sale take precedence over any oral or written heretofore.
BUYER’S PREMIUM: The Buyer will pay a 6% Buyer’s Premium which will be added to the bid price to arrive at the contract price. The Buyer is only required to pay 10% down, of the contract price, day of sale.
SURVEY INFORMATION: The Buyer will pay for Survey, if one is needed and shall not delay closing.
PARCEL NUMBER: 77-07-33-111-019.000-012
LEGAL DESCRIPTION: OWENS PT 23.3’ S SIDELOT 10 PT 36.7’ N SIDE LOT 11
REAL ESTATE TAXES: Approx. $375.24 per yr. with homestead credit & mortgage exemption.
POSSESSION: Day of closing and not before.
Directions
To settle the Martha L. Gray Estate, The Owner, Jack Pinkston, will offer for sale the following real estate located at: 217 Cross Street, Sullivan, Indiana. From the intersection of US 41 and St. Rd. 154; travel east on Wolfe St. to Cross Street; turn south (right). Go approximately 3 blocks.
