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$121,500
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Item 1
1236 Slate Run Road, New Albany, IN
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$121,500
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Timed Auction
Isenberg Slate Run Bungalow Online Auction
RESERVE LIFTED Selling to the Highest Bidder
Selling online for the Estate of Pat Isenberg, a 1930’s four bedroom - two bath vinyl sided bungalow with front covered porch, enclosed rear porch and unfinished basement on the corner of Silver Slate Drive. Located near schools and expressways - just minutes to downtown. Tenant occupied with $850 monthly income.
PROPERTY HIGHLIGHTS
* Vinyl Siding Bungalow Built 1936
* Monthly Rental Income $850
* 1459 Square Feet on First Level
* 1423 Square Feet in Unfinished Basement
* 4 Bedrooms - 2 Full Baths
* Built in Bookshelves & Knotty Pine Walls
* Range & Refrigerator
* Natural Gas Heat - Central Air
* 64’ x 114’ Corner Lot
* Windows, Roof & Hot Water Heater Replaced Within Past 7 Years
* New Albany - Floyd County Schools
* Corner of Slate Run Road & Silver Slate Drive
* 2.6 Miles South of I-265 Charlestown Road Exit
* 2.2 Miles to Downtown New Albany
RENTAL INCOME
Rental Income – $850
Damage Deposit – $500
Tenant Pays All Utilities (Landlord Pays All Utilities -Tenant Reimburses)
Month to Month
Current Tenant Move-In Date January, 2009
UTILITIES
Electric - Duke Energy
Gas - CenterPoint Energy
Water - Indiana American Water
Sewer - New Albany Municipal Utilities
REAL ESTATE TAXES (2021/2022)
New Albany City (Annual) – $1,334.24
DEDUCTIONS (2021/2022)
None
FLOOD ZONE
FEMA records indicate that the property is not in a flood zone.
LEGAL DESCRIPTION
Plat 1243, Lot 1, 0.167 Acre
PARCEL
22-05-02-900-075.000-008
SCHOOL CORPORATION
New Albany-Floyd County Consolidated Schools
Selling online for the Estate of Pat Isenberg, a 1930’s four bedroom - two bath vinyl sided bungalow with front covered porch, enclosed rear porch and unfinished basement on the corner of Silver Slate Drive. Located near schools and expressways - just minutes to downtown. Tenant occupied with $850 monthly income.
PROPERTY HIGHLIGHTS
* Vinyl Siding Bungalow Built 1936
* Monthly Rental Income $850
* 1459 Square Feet on First Level
* 1423 Square Feet in Unfinished Basement
* 4 Bedrooms - 2 Full Baths
* Built in Bookshelves & Knotty Pine Walls
* Range & Refrigerator
* Natural Gas Heat - Central Air
* 64’ x 114’ Corner Lot
* Windows, Roof & Hot Water Heater Replaced Within Past 7 Years
* New Albany - Floyd County Schools
* Corner of Slate Run Road & Silver Slate Drive
* 2.6 Miles South of I-265 Charlestown Road Exit
* 2.2 Miles to Downtown New Albany
RENTAL INCOME
Rental Income – $850
Damage Deposit – $500
Tenant Pays All Utilities (Landlord Pays All Utilities -Tenant Reimburses)
Month to Month
Current Tenant Move-In Date January, 2009
UTILITIES
Electric - Duke Energy
Gas - CenterPoint Energy
Water - Indiana American Water
Sewer - New Albany Municipal Utilities
REAL ESTATE TAXES (2021/2022)
New Albany City (Annual) – $1,334.24
DEDUCTIONS (2021/2022)
None
FLOOD ZONE
FEMA records indicate that the property is not in a flood zone.
LEGAL DESCRIPTION
Plat 1243, Lot 1, 0.167 Acre
PARCEL
22-05-02-900-075.000-008
SCHOOL CORPORATION
New Albany-Floyd County Consolidated Schools
Item Updates
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) 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. Buyer to assume Spring 2022 Taxes due Spring 2023. 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 per tenant’s rights. See full details in the Auction Bid Packet. PROPERTY LOCATION 1236 Slate Run Road, New Albany, IN 47150 INSPECTION Inspection by appointment only. 24 hour notice required. SELLER WPI Properties, LLC William Patrick Isenberg Estate PERSONAL REPRESENTATIVE Nancy Isenberg ESTATE ATTORNEY J. Scott Waters DIRECTIONS I-265 to Charlestown Road Exit # 4. South 1.5 miles to left on Slate Run Road. Travel 1.1 miles to home on left on corner of Silver Slate Drive.
Condition
AS-IS
