REAL ESTATE AUCTION

THE BUYER MAY PURCHASE THE REAL ESTATE PRIOR TO AUCTION

Due to relocating, Richard and Sharon Engle will offer for sale, at Auction, the following Real Estate located at 248 South Section Street, Sullivan, Indiana.  From U.S. 41 go east on Wolfe Street (the stoplight) to Section Street; thence south approximately one-half mile.  WATCH FOR JOHNNY'S SIGNS!

SULLIVAN, INDIANA 

OWNERS:  Rick and Sharon Engle

248 SOUTH SECTION STREET:  This is a 2 Story Victorian Style home with 4 bedrooms, 2 baths, partial basement, open front porch, rear deck, and a 2 car detached garage.  The home has an architectural shingle roof, aluminum siding, brick foundation, several new vinyl replacement windows, 96 percent efficient Laars Teledyne 175,000 BTU boiler for heat (used 3 seasons), 12 Seer Intertherm 3 ton central air downstairs with new duct work, air handler and new ultraviolet light system, window air upstairs, and 200 ampere electrical service.  The downstairs has a living room with glazed tile fireplace and a beautiful oak mantle with mirror, large dining room with oak wainscot, parlor, kitchen, den, foyer with a beautiful oak stairway, and a full bath with radiant heat in the floor.  The kitchen is equipped with an electric range, refrigerator, built-in dishwasher, and garbage disposal.  The upstairs has 3 bedrooms, full bath with an old-fashioned cast iron bathtub and laundry room.  There is also a rear stairway from the upstairs hallway to the kitchen.  There are two beautiful stained glass windows on the main level and an unusual round beveled glass window in the upstairs closet.  This stately home has 4 large pocket doors, beautiful oak woodwork, new full glass back door.  The roof on the home, garage, and the front porch floor were new in 2000.  The 2-car detached garage has an architectural shingle roof, wood siding, concrete block foundation, two overhead doors (one with garage door opener), service door, and a storage room.  This property is just waiting for a new family.  Please call Johnny with your offer today!

PARCEL NUMBER:  770733114065000012    LEGAL:  OT S PT OUT LOT 18 

REAL ESTATE TAXES:  The real estate taxes are approximately $1421 per year and will be pro-rated at closing.

218 WEST JOHNSON STREET:  This residential lot is 62 ft. x 192 ft. with an old-fashioned barn on the rear of the property.  The barn has painted wood siding, metal roof and a concrete floor.  This barn has ample storage with an overhead loft.  This lot has all city utilities available.

PARCEL NUMBER:  770733114066000012    LEGAL:  PLAT A 62 FT. x 114 FT. IN SE PT LOT 44 and 78 FT X 62 FT. LOT 44    

REAL ESTATE TAXES:  The real estate taxes are approximately $255 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 92 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.

POSSESSION:  Possession at closing.

BROKER PARTICIPATION: The Seller and Auctioneer wish to allow Realtors to participate in the auction.   The Broker will receive 3% of the bid price for bringing the Buyer.

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

FOR PRIVATE SHOWING CALL:   Johnny Swalls - 812-495-6119   

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

FAX:  812-696-5090  E-MAIL:  johnnyswalls@joink.com

AUCTIONEER:  Col. Johnny Swalls

CAI, AARE, GPPA, CAGA, CREA  

IN  #AU01026257

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