ESTATE REAL ESTATE

To Settle the Estate of James W. Meng, Marcy Stephens will offer for Sale the Real Estate located at 107 W. Missouri St., Sullivan, IN.  Jennifer Hawkins is Attorney for the Estate.

SULLIVAN, INDIANA

OWNER: JAMES W. MENG SR. ESTATE

REAL ESTATE: The real estate is a 3 bedroom, 3 bath metal finished exterior home with front and rear decks on 4 acres m/l. There is a 2 car-plus built in     garage as well as a 2 car-plus detached garage with concrete floors and electricity. The interior of the home is unfinished, but all interior walls and ceilings are in place. The ceilings are 9’ and the walls are 6”.  There is a kitchen, large open living room and dining room with patio doors leading to the rear deck. There are sealed floors in all 3 baths with one bath having a shower, the 2nd a tub and shower, and the 3rd bath has a whirlpool tub. The home has been electrically wired and the outside walls are fully insulated.  There is a room set up for a sauna and a room for the mechanical (HVAC, electrical box, etc.) Most of the plumbing is complete. The home does need a heating and air conditioning system. This is a brand new home, just waiting for the finishing touches!

PARCEL NUMBERS: 77-10-03-000-022.000-011; 77-10-03-000-021.000-012.

LEGAL:  Pt W 1/2 NW 2.749 Acres, Section 3, Township 7, Range 9; Pt W 1/2 NW 1.23 Acres, Section 3, Township 7, Range 9.

REAL ESTATE TAXES: The real estate taxes for both parcels are $907.68  per year with mortgage and homestead exemptions on the home (2.749 Acres); no exemptions on the vacant ground (1.23 Acres) 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 survey cost, if needed, will be paid by the Buyer and completed after closing.

POSSESSION: At 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: At the property

PLEASE CALL TO MAKE SURE THE PROPERTY HAS NOT SOLD. 

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