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Auction Information
Auctioneer Whitesell Auction Group 8126059721
Auction Date Nov 30 Auction
County Road 750 South
Reelsville, IN
Time 10:00AM
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  • outbuilding included!

    outbuilding included!

Auction Listing
AuctionZip Auctioneer ID# 25709
Walkthrough Video: 

This 2 story home has lots of potential. It has been uninhabited for 2 years, so it does need some TLC!  It is a rustic getaway just minutes from US highway 40 in Reelsville. Home has electric water heater and stove, LP gas heat. No central air, but a window AC unit adequately cools the house. Built on a concrete slab right on the Little Walnut River. Wooden deck overlooks the water. The first floor has a half bath, kitchen, living room with real fireplace, and a sunroom that has a view of the water and woods. The upstairs is accessible by a spiral staircase, and has vaulted ceilings with a half loft, and built in cabinetry. A mother-in-law's quarters with full bath has been added above the sunroom. A common well supplies water to all of the houses in the neighborhood. The property is part of a homeowner's association , so the successful buyer will own the structure, but the land is actually leased from the homeowner's association-- it is very affordable, and better details will be available to prospective buyers at the time of the sale BEFORE any bids are made. Yearly property taxes are low as a result of how the land ownership is communal. This would make a terrific vacation home, weekend getaway or family cabin. There will be an OPEN HOUSE the day before the sale. Bids will be accepted at any time between now and the actual auction day, but the home shall not be sold before the auction bid deadline ends at 6:00 p.m. local time Wednesday November 30 2016.  Winning bidder will be notified by phone within 48 hours of close of auction.

  TERMS: The property is to be sold using SEALED BIDS. The property is offered AS IS, with the owner unable to make improvements before the sale. The open house will be held TUESDAY NOVEMBER 29 from 10:00 a.m. to 2:00 p.m. Prospective buyers will be able to enter the house and preview the property during this time. SEALED BID FORMS will be made available at the open house, or you may request one at any time before the sale.  NO BANK WILL FINANCE THIS PROPERTY. It sits ON THE RIVER, so it IS IN A DECLARED FLOODPLAIN. (Obviously!) This will be strictly a CASH ONLY SALE! Sealed bids will be accepted until 6:00 p.m. Wednesday November 30 2016. The winning bidder shall pay non-refundable deposit of $5,000 down upon confirmation of seller's acceptance of the bid, with the balance due in full within 30 days. THERE IS NO FIRM RESERVE PRICE ADVERTISED, but the seller reserves the right to refuse any bid for any reason.

To initiate making a bid, PLEASE SEND A TEXT MESSAGE to auctioneer John Whitesell. Text the word "CABIN" to (812)605-9721 and you will get a return phone call right away. Incoming phone calls may not be answered due to the volume of calls John gets for other business on a daily basis.  SEND THE TEXT FIRST AND YOU'LL GET THE FASTEST RESPONSE!

Auctioneer License Information: AU10900145

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