Description:

Discover an exciting opportunity to own a 2.349-acre parcel of land in Johnson Township, Scott County, Indiana, with a starting bid of just $10,000! This property is located adjacent to another property currently featured in our auction and offers potential for multiple uses.

The land features a mix of cleared areas, watershed, brush, trees, and some debris, making it ideal for those seeking a project or land investment opportunity. Whether you envision creating a recreational retreat, clearing for development, or holding the property as an investment, this parcel provides a blank canvas with natural elements.

Legal Description: 

Being a part of the Southwest quarter of the Northwest quarter of Section 7, T3N, R8E, Johnson Township, Scott County, Indiana, and being more particularly described as follows: Commencing at the Northwest corner of the Southwest quarter of the Northwest quarter of Section 7, said point being marked by a railroad spike found; thence South 00 degrees 00 minutes 28 seconds East with the section line and Shea Road 600.25 feet to a Mag nail found and the TRUE POINT OF BEGINNING; thence continuing south 00 degrees 00 minutes 28 seconds East with the section line and Shea Road 165.00 feet to a Mag nail set; thence leaving the section line and road and running North 89 degrees 45 minutes 38 seconds East 513.13 feet (passing through a 5/8" rebar set at 20.00 feet to a 5/8" rebar set; thence North 52 degrees 01 minute 11 seconds East 270.11 feet to a 5/8" rebar found; thence South 89 degrees 44 minutes 04 seconds West 726.06 feet (passing through a 5/8" rebar found at 701.06 feet) to the place of beginning.

Containing 2.349 acres, subject to all legal rights of way and any easements of record.

Bidding is open now at www.legacylouisville.com. Don’t miss this chance to secure your slice of land in beautiful Johnson Township. Act now – the opportunity to bid starts at just $10,000!

Key Details:

•Size: 2.349 Acres

•Location: Johnson Township, Scott County, Indiana

•Features: Cleared areas, watershed, brush, trees, debris

•Starting Bid: $10,000

•Auction Website: www.legacylouisville.com

Secure your bid today and turn this versatile parcel into your next investment or project!

Absolute Auction: A New Property for the Holidays - Lexington, IN

Property Address: N Shea Rd Lexington, IN 47138 Auction Website: LegacyLouisville.com Viewing: By Appointment - Schedule Today! contact@legacylouisville.com

Broker: Tom Waggener Caperon Realty Indiana

Auction Details

• Opening Bid: $1
• Buyer's Premium: 10% added to the final bid price.
• Online Auction Only: Place your bids at LegacyLouisville.com.
• Auction Runs: November 28th through December 15th 
• Ends: 7:00 pm EST on December 15th 2024

House Directions: 

To reach 1696 N Shea Rd, Lexington, IN 47138 from Louisville, KY, head north on I-65 N toward Indianapolis. Take exit 29 for IN-56 toward Scottsburg. Turn right onto IN-56 E and continue for approximately 10 miles. Turn left onto N Shea Rd; the destination will be on your right.

DOCUMENTS (Click Link):

Broker Participation Form

Property Highlights

• Type: Land
• Lot Size: Approximately 2.349 acres

N Shea Rd, Lexington, IN 47138

Absolute Auction

Don't miss this unique opportunity to have a 2.349 acres!!  Schedule your viewing appointment today (or walk on by...) and be prepared to bid in this absolute auction – where the highest bidder wins, regardless of price!

For more information, bidding registration, and to schedule a viewing, please visit LegacyLouisville.com or contact Auctioneer David Wilson at (502) 500-0374. 

DAVID WILSON PRINCIPAL AUCTIONEER :  AU12300025 Indiana

Condition

Please note all items are "as-is where-is"

Terms and Conditions

1. The house is sold "as-is".  We will be scheduling showings at contact@legacylouisville.com.  24 hours notice required for non-realtors.  Open House is TBD.

2. There is a 10% buyer's premium added to the final bid to determine the final contract price.

3. There is a 20% down payment due within 48 hours after the auction closes.  Closing within 30 days of the December 15th 2024 auction end date.

4. Online bidding is provided as a complimentary service. The Auctioneers, Legacy Home and Estate Services, the Seller, and the Internet and Software Providers make no assurances or warranties regarding the continuous or error-free operation of the online bidding process and/or system, and shall not be liable in the event of any disruption or malfunction.

5. All descriptions, documents, and details provided are thought to be accurate, however, their accuracy is not warranted. It is incumbent upon Bidders to conduct their own due diligence and thoroughly examine the property as well as all pertinent descriptions, documents, and information to ensure their total satisfaction before placing any bids.

6. Engaging in online bidding constitutes a contractual agreement. It is expected that bidders will commit to their submitted offers and ensure the availability of adequate funds to meet their bid obligations within the designated period. Winners of the bids will be promptly notified following the conclusion of the auction.

7. We have a popcorn bidding or "anti-sniping" feature.  This means that any bid that comes within the last few minutes of the auction, the auction will extend.

8. After the auction concludes, the winning bidder will receive a contract via email or direct delivery. This document is required to be signed by the intended purchaser and must be returned to Tom Waggener of Caperton Realty , either through direct handover or via email, by 7:00 p.m. ET on December 17th 2024. The Auction Purchase Contracts can be examined online prior to bidding. Please note that this agreement is final and is not subject to any conditions regarding appraisal, financing, or inspections.

9. Upon executing the Auction Purchase Contract, the buyer is obligated to provide a non-refundable deposit of 20% of the auction. This initial payment must be secured by no later than 7:00 p.m. ET on Tuesday, December 17th 2024. Acceptable forms of payment for the down payment include cash, an official bank check, a certified check, a personal check in good standing, or a wire transfer, all of which should be made payable to Caperton Realty.

10.  The finalization of the property sale, or closing, must occur on or before January 15th, 2025. At closing, the Buyer(s) are responsible for paying the remainder of the purchase price. Both Buyer(s) and Sellers are required to cover their individual closing costs, in accordance with what is typical and customary within Jefferson County, Kentucky. It is important to note that this purchase agreement is absolute and not subject to any contingencies related to appraisal, financing, or inspections.  The 20% down payment is non-refundable if the winning bidder doesn't close by this date.

Disclaimer: All descriptions, documents, and information related to this auction have been presented in good faith for the convenience and aid of prospective bidders. Such materials are not guaranteed for accuracy, and therefore the Seller, Auctioneer, and Legacy Home and Estate Services and Caperton Realty shall not be held responsible for any inaccuracies found within this information. Prospective purchasers are advised to independently verify or confirm any information deemed critical to their decision to bid before the close of the auction.

Taxes: Real estate taxes that are due and payable within the year of closing will be proportionately divided between Buyer and Seller as of the closing date, as is customary in Scott County, Indiana.

“As-Is” Condition: The property is being sold and purchased in its current "as-is" condition, "with all faults," without any express or implied warranties or guarantees as to its condition, suitability for use, or potential uses, and inclusive of all defects, both visible and hidden. The BUYER acknowledges having had the opportunity to inspect and investigate the property to their satisfaction. The BUYER also acknowledges full understanding and acceptance of the property's condition.  Furthermore, the BUYER affirms that they have reviewed all the information provided on the online bidding platform, including the photos and the secondary link including the home inspection and other documents to their complete satisfaction before bidding. All advertised information, such as square footage, lot dimensions, and provided documents, is believed to be correct but is not guaranteed. Potential buyers are welcome to conduct any inspections they desire before the auction; however, the sale is final and not subject to the results of any inspections post-signing of the Real Estate Purchase Contract.

Penalties: Fraudulent bidding will result in legal consequences, and delinquency in payment will preclude the individual from participating in future auctions with Legacy Home and Estate Services (aka Legacy Louisville).

Real Estate Information Documents: For details and documents pertaining to the real estate, please refer to the "Documents". 

Broker Participation: Brokers or agents with a client who successfully purchases the real estate may be eligible for a 1% participation fee calculated from the final bid amount. Agents must register their client by 1:00 pm on Sunday, December 15th, 2024. The registration form can be accessed under the "Documents" section, by selecting the "Broker Participation Form."  The realtor does not bid on behalf of the client, they provide agency support only.

Auctioneer's Right to Bid: In accordance with Indiana Auction Law, with the seller's consent, the auctioneer, broker, agent, and staff members retain the right to place bids. This right also extends to submitting bids on behalf of those who lack online access.

Questions: Inquiries about the property should be directed to David Wilson (Principal Auctioneer) at (502) 500-0374 or dave@legacylouisville.com

For questions about the online bidding process or auction mechanics (registration, placing a bid, etc.), please contact Legacy Home and Estate Services at contact@legacylouisville.com