Item 2
616 Vincennes Street, New Albany, IN
Item Is Closed 616 Vincennes Street, New Albany, IN
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360 Degrees
616 Vincennes Street, New Albany, IN
Ended
Timed Auction
Uptown Investment Properties Online Auction
DescriptionDocumentsLocation Map
RESERVE NOT MET YET

Ready for renovation or redevelopment in the expanding upper east side of New Albany just north of Spring Street. The property, zoned Mixed-Use Corridor Commercial, is currently in the process of a total gut renovation awaiting your vision. Easy access to downtown and midtown New Albany near a variety of shopping, dining and entertainment options.

616 VINCENNES STREET, NEW ALBANY, IN

Early 1900’s 2-story frame dwelling with 18’ x 18’ garage situated on a 41’ x 130’ lot with rear alley access and parking. The home features 1206 square feet on the first floor, 790 square feet on the second floor, full basement with outside entrance, covered front porch and a covered rear porch. The house retains many of its original architecture features such as oak paneled grand staircase, oak carved fireplace mantels, natural wood pocket doors and built-in kitchen cupboard. Property in need of renovation, zoned (MC) Mixed-Use Corridor Commercial and located on a high visibility corridor of commercial & residential growth.

PROPERTY HIGHLIGHTS
* Zoned Mixed-Use Corridor Commercial
* High Traffic Corridor
* Gutted - Ready for Renovation
* 2 Story Dwelling with Covered Porch
* 1st Floor - 1206 Square Feet
* 2nd Floor - 790 Square Feet
* Full Basement with Outside Entrance
* Original Staircase, Mantles & Pocket Doors
* 41’ x 130’ Lot
* 18’ x 18’ Detached Garage
* Rear Alley Access
* Privacy Fenced Back Yard
* New Albany Floyd County Schools
* 1 Mile to Downtown New Albany

UTILITIES AVAILABLE
ELECTRIC -- Duke Energy
GAS -- CenterPoint Energy
WATER -- Indiana American
SEWER -- New Albany Municipal Utilities

REAL ESTATE TAXES (2021 Due 2022)
New Albany City (Annual)
616 Vincennes Street -- $974.48

DEDUCTIONS (2021 Due 2022)
616 Vincennes Street
Homestead -- $45,000
Supplemental -- $19,355

FLOOD ZONE
None

ZONING
Mixed-Use Corridor Commercial (MC)
For Information: cityofnewalbany.com
New Albany Planning & Zoning 812-948-5327

LEGAL DESCRIPTION
616 Vincennes Street
Plat 316, Lot 9 & S 1’ Lot 8

PARCEL
616 Vincennes Street
22-05-02-801-946.000-008

SCHOOL CORPORATION
New Albany Floyd County Consolidated
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. Taxes prorated to the day of closing. 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. See full details in the Auction Bid Packet. OPEN INSPECTION Tuesday, May 24, 4PM - 5PM and Tuesday, May 31, 4PM - 5PM. Or contact us for a private showing. PROPERTY LOCATION 614 & 616 Vincennes Street, New Albany, IN 47150 SELLER William K. Habermel Estate PERSONAL REPRESENTATIVE Kathy Redden DIRECTIONS State Street to E. Spring Street. East 1 mile to left at light on Vincennes Street. 2/10 mile to properties on left.
Condition
AS-IS
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