AUCTION IS OVER

• Extremely unique opportunity to purchase a quality Estridge built home in Washington Twp. with Gunite pool, hot tub and indoor basketball/volleyball court!

OPEN HOUSE/INSPECTION DATES

Held on site.

PROPERTY LOCATION

7574 Morningside Dr., Indianapolis, IN

AUCTION LOCATION

Held on site.

PROPERTY DESCRIPTION

Description: Extremely unique opportunity to purchase a quality Estridge built home in Washington Township with Gunite pool, hot tub & indoor basketball/volleyball court. Open floor plan allows for casual living with great spaces for everyone! Gourmet kitchen with high-end cabinetry, double refrigerators, and Cambria solid stone surfaces open to Hearth Room with fireplace and breakfast area leading to a spacious screened porch. Main floor master suite plus two more in-suite main floor bedrooms and one second level bedroom. A main floor library overlooks the pool and an additional kids study is easily accessible from the kitchen. Upstairs recreation area for pool/ping pong and separate theatre room. Leaded windows offer a touch rarely found in newer construction. Location is second to none and boasts a private, 1.87 acre wooded lot offering a total of 5,391 sq. ft. of living space plus the gymnasium.

Call: John Stewart for more information
317.566.2399

Agent: Shannon McNulty Everly, Realtor, 317-418-2888

AREA MAP

PROCEDURE: There will be open bidding on the entire property in increments determined by the auctioneer.

ACCEPTANCE OF BID PRICES: The successful bidder will be required to enter into a purchase agreement at the auction site immediately following the close of the auction. As long as the minimum reserve price of $1,400,000.00 for the house is met, the property will be sold.

BUYERS PREMIUM: A three percent (3%) Buyers premium will be added to the successful bid to determine the Contract Purchase Price.

EARNEST MONEY: $10,000 check payable to The Tucker Schrader Auction Company will be required the day of the auction in order to bid. This check will be returned if you are NOT the successful bidder.

DOWN PAYMENT: The successful bidder shall deliver a $100,000.00 personal check or the equivalent as down payment upon execution of an Offer to Purchase. The $10,000 earnest money check will be applied to the down payment with an additional $90,000 personal check or equivalent to be collected from the successful bidder upon execution of the Offer to Purchase.

CLOSING: The balance of the purchase price is due at closing, which shall take place 30 days after the date of the auction or as soon thereafter as applicable closing documents are completed. Costs for an insured closing shall be shared 50:50 between Buyer and Seller.

EVIDENCE OF TITLE: Seller shall provide an owners title insurance policy in the amount of the purchase price.

POSSESSION: Possession shall be the day of closing.

REAL ESTATE TAXES: Real Estate taxes shall be prorated to the day of closing.

SURVEY: A surveyor location report, which is a survey where the corner markers are not staked, shall be furnished. The cost of the survey shall be shared 50:50 by the Seller and the Buyer. The survey shall (1) show the location of all improvements and easements, and (2) show the flood zone designation of the Property.

AGENCY: Tucker/Schrader Auction Company LP and its representatives are exclusive agents of the Seller.

DISCLAIMER AND ABSENCE OF WARRANTIES: All information contained in this brochure and all related materials are subject to the terms and conditions outlined in the Purchase Agreement. The property is being sold on an AS IS, WHERE IS basis, and no warranty or representation, either expressed or implied, concerning the property is made by the Seller or the Auction Company. All sketches and dimensions in the brochure are approximate. Each potential bidder is responsible for conducting his or her own independent inspections, investigations, inquiries, and due diligence concerning the property. The information contained in this brochure is subject to verification by all parties relying on it. Seller or the Auction Company assumes no liability for its accuracy, errors, or omissions. Conduct of the auction and increments of bidding are at the direction and discretion of the Auctioneer. The Seller and Selling Agents reserve the right to preclude any person from bidding if there is any question as to the persons credentials, fitness, etc. All decisions of the Auctioneer are final.

ANNOUNCEMENTS MADE BY THE AUCTION COMPANY AT THE AUCTION PODIUM DURING THE TIME OF THE SALE WILL TAKE PRECEDENCE OVER ANY PREVIOUSLY PRINTED MATERIAL, OR ANY OTHER ORAL STATEMENTS MADE.