Mid-City New Albany Ranch Home Online Auction

MID-CITY NEW ALBANY RANCH HOME | ONLINE AUCTION

BIDDING BEGINS: WEDNESDAY, JULY 1 @ 2PM

BIDDING ENDS: WEDNESDAY, JULY 22 @ 2PM

1849 MCDONALD LANE, NEW ALBANY, IN 47150

Selling at online auction for the family of the Margaret (Mann) Speaker Estate, this updated 1970s ranch home features three bedrooms, two full baths, a full basement, car shed, spacious patio, gazebo and circular driveway on a beautifully landscaped lot. Conveniently located in Floyd County just minutes from the I-265, the northside shopping and business corridors, and downtown New Albany. Ideal for primary residence or investment. 

PROPERTY HIGHLIGHTS

• Brick & Hardboard Ranch Built 1973 

• 3 Bedrooms - 2 Full Baths 

• 1,092 Square Feet on Main Level

• Full Unfinished Basement 

• 20’ x 20’ Concrete Patio 

• Metal Hardtop Gazebo

• Chain Link & Privacy Fenced Yard 

• Landscaped 2/10 Acre Lot 

• 120± Feet Road Frontage 

• 11’ x 22’ Open Car Shed

• Concrete Circular Driveway

• Centrally Located Just 1 Mile from I-265

Move-in ready and thoughtfully updated, this home offers a refurbished kitchen, updated bathrooms, replacement windows, and newer roof,  while the full basement offers  room for storage or future expansion. The landscaped lot features a circular driveway for easy parking, a private fenced backyard, and a spacious concrete patio with a metal hardtop gazebo - ideal for outdoor gatherings. 

HOME DETAILS

Refurbished Eat-In Kitchen

• Oak Raised Panel Cabinets

• Stainless Appliances

• Built-In Buffet Serving Station

• Tile Flooring 

Main Bedroom Suite with Full Bath 

Bedrooms with Mirrored  Closet Doors 

Updated Bathrooms with Tile Flooring

Crown Moulding & Ceiling Fans

Equipped Laundry in Lower Level

Iron Security Doors 

Gas Heat & Central Air 

Gas Hot Water Heater

Poured Concrete Basement 

HOME IMPROVEMENTS
Roof 1 Year Old 

Gutter Guards 

Gilkey Replacement Windows

5-Foot Tall Chain Link Fence

9’ x 11’ Hardtop Gazebo 

Manual Transfer Switch for Portable Generator 

Landscaped Lot with Flower Garden

Concrete Circular Driveway

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UTILITIES 

Duke Energy

CenterPoint Gas 

Indiana American Water

New Albany Municipalities Sewers

REAL ESTATE TAXES (2025-2026)

New Albany City (Annual) – $488.30

DEDUCTIONS (2025-2026)

Homestead – $48,000

Supplemental – $44,200

FLOOD ZONE 

FEMA records indicate that the property is not in a flood zone.

SURVEY

Survey Dated 2012 by Kevin Johnson for the City of New Albany 

LEGAL DESCRIPTION

62 ILL. GNT. L. 1 - 0.204 ACRE

PARCEL

22-05-06-200-131.000-008

SCHOOL CORPORATION

New Albany – Floyd Consolidated Schools

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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.

RESERVE

Sells Subject to Seller Confirmation

OPEN HOUSE

• Tuesday, July 7, 5:00 PM - 7:00 PM

• Wednesday, July 22, 11:00 AM - 1:00 PM

Or contact us for a private showing.

PROPERTY LOCATION

1849 McDonald Lane, New Albany, IN  47150

SELLER

Brian J. Beck 

Donna Wimbec

DIRECTIONS 

Grant Line Road to McDonald Lane (across from Community Park). East 0.4 mile to auction on right.