Online Only Auction
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Price Realized:
62,000.00 USD
Shipping Not Available
Reserve Met
Date(s)
7/12/2021 - 8/1/2021
Bidding Notice:

Bidding Opens on Tuesday, July 13th at 4:00 pm. Bidding Closes on Sunday, August 1st at 6:00 pm. Open House on Sunday, July 18th from 2-4pm & Sunday, July 25th from 2-4pm.

Auction Notice:

Earnest money deposit is due upon purchase agreement signing or the next immediate business day. Funds can be submitted in the form of cashier's check or wire transfer. Balance of purchase due in 45 days from date of purchase agreement signature. ***CALL LINCOLN AT 812-282-6043 FOR MORE INFO***


Information
Lot # 1
Group - Category Real Estate - Residential
Lead 1024 Pearl St, New Albany, IN 47150
Description
ONLINE ONLY STATED RESERVE AUCTION! Auction ends Sunday, August 1st at 6pm. A stated reserve of $50,000 has been set for this auction, once the reserve is met the format will switch to an absolute auction selling to the winning bidder upon the conclusion of the bidding. Open house dates: Sunday July 18 and 25, 2-4 pm. ***CALL LINCOLN AT 812-282-6043 FOR MORE INFO*** This very unique house will be offered for sale at a stated reserve online only auction. Now is your chance to purchase a house with architectural significance. The 1½ Story home has three bedrooms, a full and a half bath, living room and kitchen. Along with a one car garage and storage area. All sitting on a privacy fenced lot. Selling as is, buyers are welcome to make inspections. The house at 1024 Pearl Street in New Albany was renovated by Jim Rosenbarger, a graduate of the five year program for architects at the University of Cincinnati. The renovation of this shotgun house was his senior project, focused on recycling and energy efficiency. The concrete walls act as a heat soak for the woodstove that was previously in the alcove. Renovations by the McDaniels who bought the house in the early 1980s including included finishing off the living room, adding a garage with loft room and storage above and a half bathroom. A new furnace, air conditioning and roof were also added. Terms: 10% down, balance in 30 days. A 10% buyer's premium will be added to the winning bid to determine the final selling price. A 2% Realtor co-op is offered to the agent who represents the winning bidder. Property being sold AS-IS. Taxes pro-rated. Possession at closing. Seller to provide deed, all other closing expenses are a cost to the buyer. Not contingent upon appraisal, inspection or financing, BUT, all inspections are welcome.
Name 1024 Pearl Street, New Albany, IN 47150
Auctioneer
Type Online-Only Auction
Date(s) 7/12/2021 - 8/1/2021
Auction Date/Time Info
Bidding Opens on Tuesday, July 13th at 4:00 pm. Bidding Closes on Sunday, August 1st at 6:00 pm. Open House on Sunday, July 18th from 2-4pm & Sunday, July 25th from 2-4pm.
Preview Date/Time Open House on Sunday, July 18th from 2-4pm. Open House on Sunday, July 25th from 2-4pm.
Checkout Date/Time Earnest money deposit is due upon purchase agreement signing or the next immediate business day. Funds can be submitted in the form of cashier's check or wire transfer. Balance of purchase due in 45 days from date of purchase agreement signature. ***CALL LINCOLN AT 812-282-6043 FOR MORE INFO***
Location
Buyer Premium 10% added to the winning bid.
Description
ONLINE ONLY STATED RESERVE AUCTION! Auction ends Sunday, August 1st at 6pm. A stated reserve of $50,000 has been set for this auction, once the reserve is met the format will switch to an absolute auction selling to the winning bidder upon the conclusion of the bidding. Open house dates: Sunday July 18 and 25, 2-4 pm. ***CALL LINCOLN AT 812-282-6043 FOR MORE INFO*** This very unique house will be offered for sale at a stated reserve online only auction. Now is your chance to purchase a house with architectural significance. The 1½ Story home has three bedrooms, a full and a half bath, living room and kitchen. Along with a one car garage and storage area., All sitting on a privacy fenced lot.. Selling as is, buyers are welcome to make inspections. Terms: 10% down, balance in 30 days. A 10% buyer's premium will be added to the winning bid to determine the final selling price. A 2% Realtor co-op is offered to the agent who represents the winning bidder. Property being sold AS-IS. Taxes pro-rated. Possession at closing. Seller to provide deed, all other closing expenses are a cost to the buyer. Not contingent upon appraisal, inspection or financing, BUT, all inspections are welcome.
10% BUYER’S PREMIUM - 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: General Terms of the Auction: Information is subject to change. All lots are sold as is, where as, with all faults, imperfections and errors of description. Due diligence is the responsibility of the bidder/buyer. All sales are final. No credit card charge backs will be allowed. Purchases may be removed upon receipt of payment in full. Buyers assume complete responsibility for care of each purchase at time of sale. We reserve the right to refuse service to anyone. All statements made prior to the sale of any item take precedence over written material and any prior verbal statements. The auction company is not responsible for accidents, thefts, errors or omissions. 1. Catalog: Lincoln Crum Auctions has put forth every effort in preparing the catalog for this auction to provide accurate descriptions of all items. All property is sold 'as-is' and it is the bidder’s responsibility to determine the exact condition of each item. Printed statements or descriptions by staff are provided in good faith and are matters of opinion. Bidders are encouraged to attend the scheduled inspection or preview days if available. 2. Buyer’s Premium & Sales Tax: There is a 10% buyer’s premium added to your total purchase. Please factor this into your bidding, whether in-person or online! Sales tax will be collected on the total, if applicable. 3. Registration: In order to better serve our customers, all bidders must provide their name, address, daytime phone number, and email address at which they can be contacted. This is to ensure good communication between Lincoln Crum Auctions and the bidder throughout any transactions. For online bidding, we require you to register with a credit/debit card. The card information is kept confidential and is not automatically charged when you are a successful bidder. Lincoln Crum Auctions reserves the right to preclude any person from bidding if there is any question as to the person’s credentials, mental fitness, etc. Bidders agree to keep their username and password confidential as they are responsible for ANY and ALL activity involving their account. If the registered bidder’s user name is offensive to Lincoln Crum Auctions or in their sole opinion detrimental to Bidding Activity, then Lincoln Crum Auctions reserves the right to delete the bidder from bidding or unilaterally change the username with notification to the Bidder. 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. 4. Bidding: The auctioneer shall be the final judge in all bidding disputes and shall name a bidder as the purchaser. The auction company shall not be held responsible for any 'missed' bids. By bidding on any item, the bidder shows acceptance of the terms of the auction. Our online auctions move quickly! If you are online and interested in an item, bid quickly. 5. Payments: We accept cash, checks, Visa, MasterCard, American Express and Discover cards or wire transfer. If the buyer chooses to pay by credit/debit card, there will be an additional 3% buyer's premium applied. There is no additional buyer's premium if payment is made with cash or check. Any transaction necessary to collect insufficient funds will have a $50 fee imposed. If you are a successful bidder, you will receive an email detailing the date(s) and location where you may pick up your items, or have them shipped. At that time you may choose to pay for your purchase using the credit/debit card we have on file or pay by cash or check. A 3% buyer’s premium is applied to all credit/debit purchases. There is no additional buyer’s premium if purchase is made with cash or check. After the pick-up date(s) if not contacted by the buyer to make shipping arrangements, credit/debit card will be charged. Your credit/debit card will be charged for your purchases, plus buyer’s premiums, any taxes and premium for charge to card. Each transaction necessary to collect insufficient funds will have a $50 fee imposed. 6. Pickups: It is the buyer’s responsibility to review their purchases and their condition before removing items from the premises. 7. Shipping: The auction company, through the United States Postal Service or the local United Parcel Service store, can arrange packing and shipping. Packing and shipping costs are the responsibility of the buyer and will be quoted by the UPS Store before shipping. It is the buyer’s decision to insure purchased items. Our first priority is to deliver your new purchase in excellent condition. If you wish to ship your items as opposed to picking up your items, you must notify Chris (chris@lincolncrum.com) or Tammie (tammie@lincolncrum.com) within 24 hours upon receipt of your invoice. 8. Missing Items: We document the contents of each package. If we have missed an item in your shipment our documentation will show that. Please notify us within 2 business days of receiving the package if you think something is not included. If our documentation shows it was not packed, we will forward it immediately at our cost. We are not responsible for boxes opened by anyone other than the owner. Please check the entire box and packaging for contents. DO NOT discard the original shipping box and packaging if you think something is missing or damaged. 9. Unpaid Balances: The purchaser agrees to pay all reasonable attorney fees and costs incurred by the auction company in the collection of funds. The purchaser also agrees that a fee of 2% per month be added to the balance of any unpaid balance due the auction company and any other costs or losses incurred by the purchaser’s failure to adhere to these terms. Any debt collection or dispute proceedings will be heard in Clark County, Indiana. 10. Technical Issues: In the event there are technical difficulties related to the server, software, internet or any other online auction-related technologies, Lincoln Crum Auctions reserves the right to extend bidding, continue the bidding or close the bidding. Neither the company providing the software, nor Lincoln Crum Auctions, shall be held responsible for the failure of the software to function properly for any reason. ANY ANNOUNCEMENTS MADE THE DAY OF THE SALE TAKE PRECEDENCE OVER PRINTED MATERIAL OR ANY OTHER ORAL STATEMENT MADE.
Your bid must adhere to the bid increment schedule.
Bid Amount Bid Increment
0.00 - 9,999,999.99 250.00 USD
Currency USD
Buyer Premium 10% added to the winning bid.
Payment Terms
Earnest money deposit is due upon purchase agreement signing or the next immediate business day. Funds can be submitted in the form of cashier's check or wire transfer. Balance of purchase due in 45 days from date of purchase agreement signature. ***CALL LINCOLN AT 812-282-6043 FOR MORE INFO***
***CALL LINCOLN AT 812-282-6043 FOR MORE INFO*** Lincoln@LincolnCrum.com