FLOYDS KNOBS 5.6 ACRES HOME & BARN ONLINE AUCTION

BIDDING BEGINS: WEDNESDAY, JUNE 7 @ 6PM

BIDDING ENDS: WEDNESDAY, JUNE 14 @ 6PM

4360 JONES LANE, FLOYDS KNOBS, IN 47119

Selling online a 1394 square foot 3 bedroom - 2 1/2 bath brick ranch with finished walk-out basement and attached garage - high on a secluded wooded and open 5.6 acre tract with pole barn in the heart of Floyds Knobs. One owner home - first time on the market! Located just minutes from downtown with easy access to expressways. 

PROPERTY HIGHLIGHTS

Private  5.6 Acres in Floyd County

One Owner Brick Ranch Built 1965

1394 Square Feet on Main Level  

Full Finished Walkout Basement 

3 /4 Bedrooms - 2 1/2 Baths - 2 Fireplaces 

2-Car Attached Garage 

22’ x 24’ Pole Barn 

Frontage on Jones Lane & St. Mary’s Road

Survey Dated 9/20/2021

New Albany - Floyd County Schools 

Minutes to Letty Walter Park & Elementary Schools 

4 Miles NE of I-64 Hwy 150 

4 Miles NW of I-265 Grant Line Road 

Owned by the late Evelyn & Raymond Banet Jr,  this custom brick ranch is nestled atop a long paved circular drive surrounded by nature on a 5.6 acre tract with an elevation of 880 feet. 

A late mid-century home retaining much of its original character with a slate entry hall, natural wood floors and trim, tile baths and wood louvered doors. The main level - 1394 square feet 

includes a  living room with wood-burning fireplace and sliding doors to balcony deck, an equipped kitchen with breakfast bar, two double-door pantry closets and dining area with a half bath nearby, three bedrooms - each with double closets, and a tiled full bath. 

The walkout lower level has a family room with fireplace with wood stove insert and sliding doors to patio,  a recreational room - ideal for 4th bedroom with double windows and door to patio, full bath, bar sink, laundry area and a storage utility room. The home is equipped with a water softener, central air and electric heat pump. 

The outdoor space includes a covered front porch, large concrete patio, small creek, a wishing well and a 22’ x 24’ metal pole barn with concrete floor and a 7’ tall x 9’ overhead door.  The land is open and wooded - with 176 feet of road frontage on Jones Lane plus additional frontage on Jones Lane and St. Mary’s Road with limited accessibility. 

Centrally located in the Knobs, with easy access to expressways off Spickert Knob Road or St. Marys Road. 

UTILITIES

Floyds Knobs Water 

Duke Electric 

Septic  

REAL ESTATE TAXES (2022 Pay 2023)

Lafayette Township (Annual) – $2,020.60

DEDUCTIONS (2022 Pay 2023)

Homestead – $45,000

Supplemental – $52,920

FLOOD ZONE 

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

LEGAL DESCRIPTION

N 1/2 SE 1/4; 17-2-6; 4.66 AC & P. 655 Prt; L 13 0.9872 AC; #004-01840-17

PARCEL

22-04-01-700-196.000-006

SCHOOL CORPORATION

New Albany - Floyd County Consolidated 

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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

Thursday, June 1, 4PM - 6PM

Thursday, June 8, 4PM - 6PM

Or contact us for a private showing.

PROPERTY LOCATION

4360 Jones Lane, Floyds Knobs, IN 47119

SELLER

Evelyn Marie Banet Estate 

PERSONAL REPRESENTATIVE 

Linda Schmidt 

ESTATE ATTORNEY 

George W. Gesenhues Jr. 

Lorch Naville Ward LLC

DIRECTIONS 

Paoli Pike to Scottsville Road. North 3/4 mile to right on St. Marys Road. Continue 6/10 mile to right on Jones Lane. Property on left.