Lot # : 1 - Home on 20± Acres Spencer, IN

Online Only Auction
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Spencer, IN 47460
Date(s)
8/23/2024 - 9/26/2024
AUCTIONEER INFORMATION
Catalog
Bidding Notice:

Bid now through September 26, 2024 | Public "Internet Bidding Platform", Bidding / Offer Period will end Thursday - September 26, 2024 at 6:00pm EDT(soft close) 11% Buyer's Premium will be added to your bid.

Information
Lot # 1
Group - Category Real Estate - Residential
Lead Home on 20± Acres Spencer, IN
Description
Welcome to 5836 Three Oaks Lane, a stunning modern log home nestled on 20 acres of serene countryside near Spencer, Indiana, with easy access to Bloomington. This 4-bedroom, 3.5-bathroom home perfectly blends rustic charm with modern luxury, offering a peaceful retreat surrounded by nature. Perfectly situated for country living just 10-15 minutes from Ellettsville, Spencer, and Bloomington. The quaint restaurants and Tivoli theater of Spencer are minutes away or indulge in the diverse cultural opportunities of Bloomington.
Name Country Home Retreat 20± in Spencer, Indiana
Auctioneer
United Country Coffey Realty & Auction
Type Online-Only Auction
Date(s) 8/23/2024 - 9/26/2024
Auction Date/Time Info
Bid now through September 26, 2024 | Public "Internet Bidding Platform", Bidding / Offer Period will end Thursday - September 26, 2024 at 6:00pm EDT(soft close)
Preview Date/Time Saturday, September 7th at 10:00am or Sunday, September 22nd at 2:00pm or by appointment
Checkout Date/Time 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 John Bethel Title Co. 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 closing will be on or before November 11, 2024.
Location
Internet Only Auction
Spencer, IN 47460
Buyer Premium 11%
Description
Country Home Retreat 20± Acres in Spencer, Indiana! Discover this serene country retreat at 5836 Three Oaks Lane in Spencer, Indiana. This stunning modern log home, set on 20 acres of picturesque countryside in Owen County, offers a unique opportunity through an online bidding process. With 4 bedrooms and 3.5 bathrooms, this property perfectly blends rustic charm with modern luxury, providing a peaceful escape surrounded by nature, yet conveniently located near Spencer, Ellettsville, and Bloomington. Main Level Features: The spacious main level boasts a vaulted ceiling in the living room, an open floor plan connecting the kitchen and dining areas, and a master suite designed for comfort and privacy. A sliding door opens to a deck with pool and hot tub area, ideal for relaxation and entertaining. Outdoor Living: The property includes a covered front porch, an above-ground pool with a deck, hot tub and a stamped concrete patio, creating a fantastic outdoor space for gatherings. A detached 3-car garage, connected to the home by a covered breezeway, offers ample storage and parking. Finished Walk-Out Basement: The basement features 9-foot ceilings, a kitchenette, a bedroom with an egress window, and a full bath, making it an ideal space for guests or extended family. Additionally, there is unfinished storage and utility space for convenience. Upper-Level Comfort: The upper level includes two cozy bedrooms, a full bath, and an open loft area, perfect for a home office, reading nook, or playroom. Additional Features: The home is equipped with an outdoor wood-burning furnace, hardwood flooring on the main level, and carpeted bedrooms for added comfort. The property is approximately 50% wooded and 50% open, making it ideal for outdoor activities, livestock, or gardening.
"BIDDING RULES" TERMS AND CONDITIONS The property will be sold at Public “Online - Internet Auction”, ending Thursday September 26, 2024 @ 6:00pm ET The property will be sold subject to seller’s confirmation (sells with a non-published 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 Buyer’s 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 John Bethell Title Co. 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 November 11, 2024 A promissory note will be signed along with the down payment. Final closing is NOT contingent upon financing, make sure you have lender approval if needed prior to bidding. The property will be conveyed by a General 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 paid by the seller and prorated to the day of closing. Closing: Closing shall take place at the office of: John Bethell Title Co – 2626 S. Walnut Street, Bloomington, IN 47401 Closing fee will be paid by the buyer. Closing will be held on or before November 11, 2024 Possession will be granted on or by November 11, 2024 A $250.00 Broker Admin fee will be paid by the buyer at 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: September 7, 2024 10:00AM & September 22, 2024 2:00PM 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 Cody Coffey (812) 360-8383 or Jimmie Dean Coffey (812) 360-6005 or at United Country Coffey Realty & Auction (812) 822-3200 office
Your bid must adhere to the bid increment schedule.
Bid Amount Bid Increment
0.00 - 579,999.99 5,000.00 USD
580,000.00 - 9,999,999.99 1,000.00 USD
Currency USD
Buyer Premium 11%
Payment Terms
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 John Bethel Title Co. 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 closing will be on or before November 11, 2024.
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 John Bethel Title Co. 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 closing will be on or before November 11, 2024.