ESTATE REAL ESTATE AUCTION

The Buyer May Purchase this Real Estate Prior to Auction

Vicki McDonald, Personal Representative for the Patricia Conn Estate, will offer for sale the following real estate located at 1125 S. 10th Street, Terre Haute, Indiana. From College Street turn south on 10th Street. The home is located on the west side of the street between College and Cruft Streets.                                                                                                                                      

                                                                                     WATCH FOR JOHNNY’S SIGNS!!!

WEDNESDAY, MAY 21, 2008

 3:00 PM (SHARP!)

OWNER: PATRICIA CONN ESTATE

 NOTE:  This property may be purchased prior to auction by contacting Johnny Swalls with an offer and the Seller will act on the offer.  The deadline for making this offer is May 20, 2008, at 12:00 Noon.  First accepted Offer Buys.

PLEASE CALL TO MAKE SURE THE REAL ESTATE HAS NOT SOLD PRIOR TO AUCTION.  

REAL ESTATE:  The real estate consists of a 1.5 story, 3 bedroom, 1 bath home with full basement, covered brick front porch, vinyl siding, central air, gas heat, utility shed and detached 2 car garage on a 40’ x 140’ city lot.  The home has a living room, dining room, kitchen, bathroom and 2 bedrooms on the main floor and 1 bedroom with sitting area upstairs. There are built in bookshelves framing the fireplace in the living room, a built in china cabinet in the dining room and a corner breakfast nook in the kitchen. Both downstairs bedrooms have 2 closets each with built in drawers between the closets. The basement has 2 rooms, a small storage room, gas water heater, gas furnace, utility sink, washer/dryer hookup and a shower head with drain. There is a covered back patio and fenced backyard with utility shed and detached 2 car garage with a concrete floor and 1 overhead door with opener. Included with the home is a chest freezer, refrigerator, stove, automatic washer and electric dryer.

PARCEL NUMBER: 84-06-27-303-014.000-002

LEGAL DESCRIPTION: CRUFT FARM SUB 27-12-9 .000 AC LOT 6

REAL ESTATE TAXES:  The real estate taxes are approximately $226. per year and will be pro-rated at closing. 

TERMS OF REAL ESTATE:  The Successful Bidder will deposit 10% of the contract purchase price (except for exempt entities) at the auction in the form of cash, cashier’s check or approved personal check or company check with bank letter of guarantee (no bank drafts).  The Buyer will sign a non-contingent real estate contract with the balance due in 30 days or thereafter within 5 days of presentation of insurable title.  The Real Estate will be sold “AS-IS” with no warranty, expressed or implied, but will be free and clear of any liens or encumbrances.  An ALTA 2006 Title Insurance Commitment in the amount of the contract price will be supplied to the Buyer by the Seller and Seller shall pay for title search, premium for owner’s policy and cost to correct any title defects. If obtaining a loan, the Buyer shall pay the mortgage policy.  The Buyer will pay for the recording of his/her necessary documents.  The Auction will conclude when the Auctioneer determines that all buyers have made their best and final offers.  Anyone desiring to bid must be approved prior to sale by Johnny Swalls.  Any statements made by the Auctioneer day of sale or during the sale take precedence over any oral or written heretofore. 

BUYER’S PREMIUM:  The Buyer will pay a 6% Buyer’s Premium which will be added to the bid price to arrive at the contract price.  The Buyer is only required to pay 10% down, of the contract price, day of sale.

SURVEY:  The Buyer will pay for the Survey, if one is needed, and Survey will be completed after Closing.

MINERAL RIGHTS: Any minerals owned by the Seller will transfer to the Buyer.

POSSESSION:  Possession day of closing. 

AGENCY: Johnny Swalls Auction, Inc. and its Representatives are Exclusive Agents of the Seller.

FOR PRIVATE SHOWING CALL:  Sale Coordinator,  P.J. Bezy 812-696-5099

SALE LOCATION:  1125 S. 10th Street, Terre Haute, IN.

AUCTIONEER’S PHONE: 812-495-6119, 812-696-5099

FAX:  812-696-5090  E-MAIL:  auctions@jswalls.com

AUCTIONEER:  Col. Johnny Swalls, CAI, AARE, GPPA, CAGA, CREA  

IN #AU01026257

www.jswalls.com