ISENBERG SLATE RUN RANCH ONLINE AUCTION
BIDDING BEGINS: MONDAY, AUGUST 15 @ 2PM
BIDDING ENDS: MONDAY, AUGUST 22 @ 2PM
1234 SLATE RUN ROAD, NEW ALBANY, IN 47150

Selling online for the Estate of  Pat Isenberg, a one-owner 1204 square foot 3-bedroom one level ranch built in 2004 with an attached garage located near schools and expressways - just minutes to downtown. Tenant occupied with $950 monthly income.

PROPERTY HIGHLIGHTS

Vinyl Siding Ranch Built 2004
Monthly Rental Income $950
1204 Square Feet on One Level
3 Bedrooms - 1 Bath - Laundry Mudroom 
Range, Refrigerator & Dishwasher 
Electric Forced Air Heat - Central Air 
Attached One-Car Garage 
64’ x 114’ Lot 
New Albany-Floyd County Schools
2.6 Miles South of I-265 Charlestown Road Exit 
2.4 Miles to Downtown New Albany 

RENTAL INCOME
Rental Income – $950
Damage Deposit – $850 
Tenant Pays All Utilities (Landlord Pays Sewer - Tenant Reimburses)
Month to Month
Current Tenant Move-In Date November, 2012

UTILITIES 
Electric – Duke Energy 
Water – Indiana American Water
Sewer – New Albany Municipal Utilities 

REAL ESTATE TAXES (2021/2022)
New Albany City (Annual) – $1,777.54

DEDUCTIONS (2021/2022)
None

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

LEGAL DESCRIPTION
Plat 1243, Lot 2, 0.166 Acre

PARCEL
22-05-02-900-074.000-008

SCHOOL CORPORATION
New Albany Floyd County Consolidated Schools

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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) 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. Buyer to assume Spring 2022 Taxes due Spring 2023. 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 per tenant’s rights. See full details in the Auction Bid Packet.

PROPERTY LOCATION
1234 Slate Run Road, New Albany, IN  47150

INSPECTION 
Inspection by appointment only. 24 hour notice required. 

SELLER
WPI Properties, LLC 
William Patrick Isenberg Estate 

PERSONAL REPRESENTATIVE
Nancy Isenberg

ESTATE ATTORNEY
J. Scott Waters 

DIRECTIONS 
I-265 to Charlestown Road Exit # 4. South 1.5 miles to left on Slate Run Road. Travel 1.1 miles to home on left.