Description

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

Property Address: 1696 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 26th 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):

Home Inspection - Gary Mudd - Superior Inspection Services

Broker Participation Form

Property Highlights

• Type: Residential
• Style: 2 Story Home with Basement
• Year Built: 1979
• Lot Size: Approximately 5 Acres
• Total Living Area: 2,160 SqFt
• Bedrooms: 4
• Bathrooms: 2 Full 1 Half
• Construction: Brick; Frame - Wood
• Cooling/Heating: HVAC - Propane (Propane is upstairs, needs to have tan in the 
• Roof: Shingle
• Foundation: Poured Concrete with Basement
• Parking: Garage and Pole Barn
• Fencing: None

1696 N Shea Rd, Lexington, IN 47138

Discover the potential of this spacious 4-bedroom, 2.5-bathroom home situated on a serene property in Lexington, IN. Boasting 2,160 sq ft of living space, this two-story house is ready for your personal touch! The home features an updated kitchen with stainless steel appliances (refrigerator, stove, and dishwasher), an eat-in area, and an adjoining dining room. The view is amazing!  In the backyard, your new home looks over a beautiful lake and has a gazebo to relax after a hard day of work.  Also, we are leaving the paddle boat.

Upstairs, you’ll find all four bedrooms, including a primary suite with a walk-in closet and an en-suite bathroom. While the basement is currently unfinished, it’s already framed out and ready for your finishing touches.  There is a laundry room in the basement with the sump pump.  Included is a workout area with equipment for the new home owner.

Step outside to enjoy the property’s standout features, including a large screened-in back porch (grill and furniture stay) that overlooks the backyard pond. The property also boasts an in-ground pool (needs a new liner), a pole barn garage with a roll-up door and workspace, and an attached two-car garage.  There is a ramp in the garage.

While the home could use some TLC, it offers great bones and plenty of potential. The included home inspection ensures transparency and confidence in the bidding process.

Don’t miss your chance to own this charming property with incredible amenities and stunning outdoor spaces.

Absolute Auction

Don't miss this unique opportunity to have a new home for the holidays!  Schedule your viewing appointment today 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