Item 1
5022 Grant Line Road, New Albany, IN
Sold
$189,000
Timed Auction
Prime 3.72 Acres & Home Online Auction
RESERVE MET. Property will sell to the highest bidder.


Selling as a whole 3.72-acre tract zoned C-3a located in a high traffic area in Floyd County in an area with recent residential growth and near the IUS college campus and business parks. The site has 295’ of frontage on Grant Line Road and 596’ of frontage on Mel Smith Road and includes a 1220 square foot 1.5 story home with a detached 20’ x 22’ garage with opener and a 20’ x 30’ garage with outdoor lean-to stalls for livestock.

Built in 1980 the cape cod home features a first-floor master bedroom with a full bathroom, living room with fireplace, formal dining room, and an updated and equipped kitchen. The second floor includes 2-bedrooms, both with large closets and extra floored attic space, and a full bathroom. A full unfinished basement has an outside entrance and includes a washer/dryer hookup. The home has natural gas heat, central air, and wood deck off kitchen with a partially fenced backyard on a 295’ x 596’ lot with gazebo.

A great investment with present and future opportunities either for a homeowner or an investor!

PROPERTY HIGHLIGHTS
* Prime 3.72 Acres
* Zoned C-3a Neighborhood Shopping Center
* 295’ Frontage Grant Line Road
* 596’ Frontage Mel Smith Road
* 1220 Square Foot Home + Basement
* 3 Bedrooms - 2 Baths
* Detached 2-Car Garage
* 20’ x 30’ Garage with Lean-To Stalls
* Easy Access to I-265

UTILITIES
Clark County REMC
Silver Creek Water
Vectren Gas

NEW ALBANY FLOYD COUNTY SCHOOLS
Grant Line Elementary
Scribner Middle
New Albany High

REAL ESTATE TAXES 2017/2018
New Albany Township
5022 Grant Line Road - $366.06
4229 Mel Smith Road - $1,233.50

EXEMPTIONS
Homestead - $45,000
Homestead Supplement - $37,415
Item Updates
BUYERS PREMIUM 10% Buyer’s Premium added to the hammer bid price to determine the final purchase price. REAL ESTATE TERMS 10% non-refundable down payment due within 24 hours following the auction, balance due in 40 days. Taxes prorated to day of closing. Possession at closing. Selling as is without contingencies, all inspections welcomed prior to the auction.