SECLUDED MID-CENTURY RANCH ONLINE AUCTION
BIDDING BEGINS: THURSDAY, AUGUST 11 @ 1PM
BIDDING ENDS: THURSDAY, AUGUST 18 @ 1PM
813 HOLZ ROAD, NEW ALBANY,  IN 47150

Selling online for the Estate of Horace Zimmerman, a one-owner 3-bedroom brick ranch with basement nestled in the foothills of the knobs on a secluded 1.5 acre lot located off Paoli Pike just North of I-265 State Street Exit. Easy access to downtown - just minutes to shopping, dining, & medical venues. This home awaits the renovation and decor of the next owner! 

REAL ESTATE

Built in 1958 on a dead-end street in Floyd County, this mid-century ranch built in the style of Frank Lloyd Wright features large overhangs, lots of windows, plenty of doors to decks and porch - bringing the natural light in and surrounded by views of nature. 

The  1376+ square feet of living space on the first floor includes a  living room with offset brick fireplace with nearby door to deck balcony overlooking the woods, kitchen with dining area, formal dining room with door to enclosed porch and 3 bedrooms - one previously  used as a den with solid cherry tongue & groove wood walls, walk-in cedar closet and a door to enclosed porch. 

The full walkout  lower level includes a partially finished family room with brick fireplace, large storage utility room and a one-car garage. Additional outdoor space includes a one-car carport with upper level concrete patio. The home is equipped with electric heat and air, has cistern water (public water available at street) and is on a septic. 

PROPERTY HIGHLIGHTS

- Brick Ranch Built 1958
- Private 1.5 Acre Wooded Lot 
- First Floor - 1376 Square Feet
- 3 Bedrooms - 1 Baths - 2 Fireplaces 
- Full Walk-Out Basement 
- 1-Car Basement Garage - Carport
- New Albany Floyd County Schools
- Near Hospital, Expressways & Shopping 
- Off Binford Road 
- 1 Mile to I-265 State Street Exit 

UTILITIES 
Duke Electric
Cistern Water (Indiana American Water Available at Street) 
Septic ( Condition Unknown) 

REAL ESTATE TAXES (2021/2022)
New Albany Township (Annual) – $1,062.70

DEDUCTIONS (2021/2022)
Homestead – $45,000
Supplemental – $35,210

FLOOD ZONE
FEMA records indicate that the property is not in a flood zone.

LEGAL DESCRIPTION
SE 1/4 NW 1/4 28-2-6; 1.5 AC

PARCEL
22-05-02--800-018.000-007

SCHOOL CORPORATION
New Albany Floyd County Consolidated School Corp.

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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
Thursday, August 11, 5PM - 7PM 

Or contact us for a private showing.

PROPERTY LOCATION
813 Holz Road, New Albany, IN  47150

SELLER
Horace D. Zimmerman Estate

DIRECTIONS 
I-265 to State Street Exit. North on Paoli Pike 700 feet to left on Binford Road.  4/10 mile to left on Holz Road. Continue 3/10 mile (right at Y) to home on left.