HOME & LOT ABSOLUTE MULTIPAR ONLINE AUCTION

BIDDING BEGINS: WEDNESDAY, FEBRUARY 14 @ 2PM 

BIDDING ENDS: WEDNESDAY, MARCH 6 @ 2PM

1747 SCHELLER LANE, NEW ALBANY, IN 47150

Selling online at absolute auction to the highest bidder, a mid century modern three bedroom ranch home with basement, screened porch and attached 2-car garage plus an adjacent vacant building lot - offered in 2 parcels with 175 feet of road frontage. Great opportunity to purchase individually or in combination utilizing the multipar method. 

PROPERTY HIGHLIGHTS

Ranch Home - Building Lot - 0.86 Acre 

Offered in 2 Parcels Multipar 

Lot 1 - Home on 100’ x 217’ Lot 

Lot  2 - Building Lot 75’ x 215’

1450 Square Foot Clapboard Siding Ranch

Partial Basement - Screened Porch 

3 Bedrooms - 2 Baths - Fireplace 

2-Car Attached Garage 

New Albany Floyd County Schools 

2 Miles South of I-265 off Charlestown Road Exit 

LOT 1: RANCH HOME ON 0.49 ACRE 

When you’re wanting a home with character in a great location...look no further.  This one owner home is filled with charm and includes knotty pine ceiling and walls in the third bedroom, a floor to ceiling wood room divider and beamed ceiling in the dining area and a built-in corner desk unit under two windows. 

The first floor features a large living room with smooth limestone fireplace, dining area with french doors to screened-in porch, an equipped kitchen with a centrally located laundry mudroom area nearby, three bedrooms - each with hardwood floors under carpet, and a full bath off hall. 

The partially finished lower level - waterproofed in 2003 has pine tongue & groove walls with concrete floors and a full bath. 

The home exterior is clapboard siding with brick accents, has replacement windows except for the picture window, and is equipped with natural gas heat and central air and sits on a 100’ x 217’ lot with a gazebo. The home is ready for your updates. 

+ One Owner Ranch Built 1951

+ 100’ Frontage x 217’ Lot 

+ First Floor - 1450 Square Feet

+ Basement - 892 Square Feet 

+ 3 Bedrooms - 2 Baths - Fireplace

+ Screened Porch - Gazebo 

+ Two-Car Attached Garage 

+ Waterproofed Basement 

LOT 2: 0.37 ACRE BUILDING LOT

+ Open & Level Platted Lot 

+ 75’ Frontage  x 215’ 

+ 12’ x 10’ Shed with Lean-To 

UTILITIES AVAILABLE

Duke Electric

CenterPoint Gas 

Indiana American Water 

New Albany City Sewers 

REAL ESTATE TAXES (2022-2023)

New Albany City (Annual) 

Home — $1,690.72

Vacant Lot — $347.90

HOME DEDUCTIONS (2022-2023)

Homestead — $45,000

Supplemental — $37,240

FLOOD ZONE 

FEMA records indicate that the property is not in a flood zone.

LEGAL DESCRIPTION

Home — 43 ILL. GNT.; 0.486 AC.

Vacant Lot — P. 664 L. 11

PARCEL

Home — 22-05-04-300-461.000-008

Vacant Lot — 22-05-04-301-327.000-008

SCHOOL CORPORATION

New Albany-Floyd County Consolidated

MULTIPAR AUCTION METHOD

The Multipar Auction Method is used to sell multiple parcels of real property at auction. Throughout the auction, the buyer maintains maximum choice and control to bid on the specific parcel or combination of parcels they are interested in. Buyers can bid on individual parcels, a combination of parcels, or the entire property. The final sales price is determined by the combination which realizes the highest bid. Combination bidding begins Wednesday, February 28th @ 2PM.

The Harritt Group staff is always available to assist any bidder who has questions. If you need assistance on how to bid, please call our office for assistance @ 812-944-0217. Our staff will be available for questions.  

EXTENDED BIDDING

If a bid is placed on any parcel in the last 10 minutes, the entire auction will remain open for an additional 10 minutes. If any further bidding occurs, the extension timer will reset to 10 minutes. If no further bidding occurs, the lots close when the timer runs out.

NO MAX BID FEATURE

There is no maximum bid feature in a multipar auction. Any posted bid will increase to the bid amount entered.  

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BUYERS PREMIUM

10% Buyer’s Premium added to the hammer bid price to determine the final purchase price.

REAL ESTATE TERMS

A non-refundable down payment, 10% of the Purchase Price (Final Bid + Buyer’s Premium), in the form of cash, check, or wired funds in USD are due within 24 hours following the auction, balance due in 40 days. Buyer to receive clear title. Taxes prorated to the day of closing. Selling as is without contingencies, all inspections welcomed prior to auction. If you choose to obtain financing, not subject to approval or appraisal. All closing costs are the buyer’s expense. Possession at closing. See full details in the Auction Bid Packet.

OPEN INSPECTION

Tuesday, February 20, 11AM - 1PM 

Wednesday, March 6, 11AM - 1PM 

Or contact us for a private showing.

PROPERTY LOCATION

1747 Scheller Lane, New Albany, IN 47150

SELLER

Arlington S. Hook Estate

PERSONAL REPRESENTATIVE 

Donald W. Hook 

ATTORNEY

R. Gregory Neely, Attorney 

DIRECTIONS 

I-265 to Charlestown Road Exit #4. South 1.9 miles to right on Scheller Lane. 2/10 mile to home on left.