5.8 ACRE COTTAGE, GARAGE, POLE BARN & LAKE ONLINE AUCTION

BIDDING BEGINS: SUNDAY, SEPTEMBER 18 @ 6PM

BIDDING ENDS: SUNDAY, SEPTEMBER 25 @ 6PM

6705 HIGHWAY 111, SELLERSBURG, IN 47172

Selling online for the estate of the late William Dearing, a recently renovated 4 bedroom -2 1/2 bath  1 1/2 story stone cottage with sunroom, full finished basement, storm cellar, pole barn and  garage on a beautiful 5.86 acres with lake. You will not want to miss this great home loaded with extras just 4 miles North of I-265 Grant Line Road in Floyd County, Indiana. First time offering!

PROPERTY HIGHLIGHTS

5.86 Acre Park Like Setting

Renovated 1 1/2 Story Stone Cottage Built 1951

4 Bedrooms - 2 1/2 Baths - Fireplace

1080 Square Feet First Floor 

Heated Sunroom - Covered Patio

Full Finished Basement - Interior Storm Cellar

2-Bay Pole Barn with Covered Porch & Workshop

3-Bay Garage with Workshop

Lake with Dock & Bridge 

New Albany Floyd County Schools

4 Miles North of I-265 Grant Line Road 

4 Miles South of IN-60 Near Covered Bridge 

This custom renovated faux stone  1 1/2 story cottage with detached garage and pole barn, sits high on a private 5.86 acre lot surrounded by mature trees and lake in Floyd County Indiana just minutes from expressways, schools, shopping & golf course. 

The main level of 1080 square feet features geometric tile and hardwood floors throughout and includes a spacious living room, eat-in kitchen, 2 bedrooms, full bath with custom walk-in tiled shower, vessel sink with waterfall faucet and convector wall heating unit, and a 10’ x12’ sunroom adorned with a wood ceiling and equipped with a convector wall heating unit. 

On the second floor, you’ll find two bedrooms with hardwood floors,  a large double closet shared in the sitting room, and a fully renovated Jack & Jill bath with tile floors. For assured comfort the second floor has its own heating and cooling system and hot water heater in the floored walk-in attic. 

The lower level features an open family and entertainment space with tile floors, a Bedford stone gas fireplace, 1/2 bath and beyond that sliding barn door - a spacious equipped laundry room with deep sink and upright freezer. In addition a  10’ x 12’ storm cellar - perfect for your safe place - also functions as usable storage space and is tucked away off the half bath. 

The home is equipped with (2) LP gas furnaces with humidifiers, (2) central air conditioning units, (2) water heaters, sump pump, and (2) convector wall heating units (one in the sunroom and one in the first floor bath).

Great opportunity to own! 

LAND DETAILS

4-Board Fence Entrance

Open & Wooded 5.86 Acres 

360’ Road Frontage - Appx. 700’ Deep 

Small Lake with Dock & Bridge

Large Paved Driveway 

HOME DETAILS

1 1/2 Story Cottage  Built 1951

4 Bedrooms - 2 1/2 Baths

1080 Square Feet First Floor 

Equipped Eat-In Kitchen

Full Finished Basement 

Bedford Stone Gas Fireplace

Equipped Laundry Room

Heated Sunroom - Covered Patio

10’ x 12’ Storm Cellar

2 HVAC Systems - 2 Hot Water Heaters 

2 Stelpro Convector Heating Wall Units 

Replacement Windows 

METAL POLE BARN  DETAILS 

30’ x 48’ x 12’ Tall Pole Barn Built 1985 

10’ and 8’ Overhead Doors w/Openers

Insulated Workshop w/Heat/AC Unit 

Covered Porch 

CONCRETE BLOCK GARAGE DETAILS

22’ x 32’ 2-Bay Garage Built 1951

18’ x 20’ 1-Bay  Rear Extension 

3 Overhead Doors w/Openers 

Large Workshop

Outside Chain Link Dog Kennel 

UTILITIES 

Clark County REMC Electric

Silver Creek Water Corporation 

Septic Replaced 2020

LP Gas (Tank Owned by Seller) 

Spectrum Cable (Available)

REAL  ESTATE TAXES (2021/2022)

New Albany Township (Annual) – $1,304.78

DEDUCTIONS (2021/2022)

Homestead – $45,000

Supplemental – $41,930

Mortgage – $3,000

Veteran Total  – $14,000

Veteran Part - $24,960

FLOOD ZONE 

FEMA records indicate the property is not located in a flood plain.

LEGAL DESCRIPTION

S/2 SE/4 26-1-6  4.35 Acres (Muddy Fork FK Cons. Dist. Inc. 012.001 & 021.001)

SE/4 26-2-6 Prt. #11, Prt. #12 & Prt. #25 1.5 Acres 

PARCEL

Parcel No. 22-05-02-600-011.001-007

Parcel No. 22-05-02-600-010.000-007

SCHOOL CORPORATION

New Albany Floyd County Consolidated 

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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 (Final Bid + Buyer’s Premium), 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

Monday, September 12, 3-5PM

Sunday, September 18, 1-3PM 

Or contact us for a private showing.

PROPERTY LOCATION

6705 Highway 111, Sellersburg, IN 47172

SELLER

William Dearing Estate

PERSONAL REPRESENTATIVE 

Catherine Louise Toteno

ESTATE ATTORNEY

Maxwell W. McCrite

Lorch Naville Ward LLC 

DIRECTIONS

I-265 to Grant Line Road Exit #3. North 4  miles to home on left.