TERMS & CONDITIONS

Lane - Real Estate Auction

28 Library St.
Paoli, IN 47454

Legal Description
Town of Paoli PT 14

- The property will be sold at Public "Online - Internet Auction", ending February 13, 2024 @ 6:00PM ET
- The property will be sold subject to seller's confirmation (sells with reserve).
- Property sells As-Is with no warranties expressed or implied
- The auction is Subject to prior sale (the property can be purchased prior to the end of the auction)
- The seller reserves the right to cancel the auction at any time prior to the final bid closing
- Buyers Premium
An 11% buyer's premium will be added to the final bid and charged to the buyer, the final bid plus the 11% Buyer's premium will establish the final sales price.
- A down payment of $5,000.00 must be paid by the successful bidder by direct wire transfer within 24 hours of acceptance of the auction contract by the sellers. Down payment will be payable to Title Plus, 328 S. Walnut Street, Bloomington, IN 47401. The down payment deposit will be non-refundable; your bidding is not conditional upon financing, so be sure you have arranged financing, if needed, and are capable of paying cash at closing. The balance of the purchase price will be due via a wire transfer to the closing company, on delivery of insurable title on or before February 29, 2024
A promissory note will be signed along with the down payment.
- Final closing is NOT contingent upon financing.
- The property will be conveyed by a Warranty Deed
- The seller agrees to furnish buyer(s) with an owner's policy of Title Insurance Policy at closing.
- Real Estate Taxes: the taxes will be prorated to the day of closing.
- Closing:
Closing shall take place at the office of: Title Plus, 328 S. Walnut Street, Bloomington, IN 47401.
Closing fee will be paid by the buyer.
Closing will be held on or before February 29, 2024
- Possession will be granted at final closing.
- The successful Bidder shall execute electronically an "Auction Real Estate Sales Contract" for the property immediately after being declared the Successful Bidder by the Auctioneer.
- Each potential Bidder is responsible for conducting at their own risk, their own independent inspections, investigations, and due diligence concerning the property.
Further; Property sells as-is with no warranties expressed or implied
- JDC Group, INC dba United Country Coffey Realty & Auction and their representatives are exclusive agents of the Seller.
- All announcements made up to the final close of the Auction bidding take precedence over all advertising, oral or printed material.
- All information was gathered from reliable sources and is believed to be correct as of the date this brochure is published; however the seller or auctioneers have not independently verified this information. Auction plats and drawings are not to be relied on ad are for representation purposes only. Its accuracy is not warranted in any way. There is no obligation on the part of the sellers or auctioneer to update this information.

SALE SITE: Internet Only

VIEWING INSTRUCTIONS: Monday, January 15th @ 5pm and Sunday January 28th at 12:00 Noon or by appointment

The viewing of the property will be at the viewer's own risk. The Seller, Auctioneer nor the Listing Agency may not be held responsible for accidents.

For questions call or text Tim Ellis at Tim Ellis Realtors 812-322-3514 or Jimmie Dean Coffey or Cody Coffey at United Country Coffey Realty & Auction (812) 822-3200 office (812) 360-6005 Jimmie Dean's cell or (812) 360-8383 Cody's cell.

Historic 2-Bedroom Home in Paoli, Indiana for Sale at Auction Historic Charm in beautiful Paoli, Indiana: 2 Bedrooms, 2 Bathrooms, and More Step into a world of comfort with this 2-bedroom, 2-bathroom treasure. Each room is designed with a cozy and inviting ambiance, perfect for family living or a peaceful retreat. Beyond the Basics: Office, Basement, and Comfort Living In addition to the spacious bedrooms and bathrooms, the property boasts a functional office space and a versatile basement. Whether you're working from home or need extra storage, these additional rooms cater to all your needs. Effortless Living: Natural Gas Heating and Central Air Experience comfort year-round with efficient natural gas heating and central air conditioning. These modern amenities ensure your home is a haven of comfort in any season. Spacious Elegance: 2,750 Sqft of Refined Interior With a total livable area of 2,750 sqft, this home offers ample space for relaxation and entertainment. The layout provides a harmonious balance between spaciousness and cozy living spaces. Cozy Evenings Guaranteed: Gas Log Fireplace Imagine unwinding by the warmth of the gas log fireplace, creating a serene and inviting atmosphere. Generous Lot Size: 70 x 142 Dimensions for Outdoor Enjoyment Set on a 70 x 142 lot, this property offers a generous outdoor space for gardening, leisure activities, or simply enjoying the tranquility of your surroundings. Timeless Appeal: Brick Exterior and Historical Significance The home's brick exterior not only promises durability but also adds to the historical allure of the property. Built in 1919, it stands as a testament to timeless craftsmanship and architectural beauty. Discover the Craftsmanship: Stunning Woodwork and Hardwood Floors The interior is a showcase of beautiful woodwork, built-ins, and hardwood floors, reflecting the home's historic roots. Each element has been preserved to maintain its original charm and character. This is more than just a house; it's a piece of history waiting for its new chapter.