Multi- Parcel Real Estate Auction
Sunday, May 21, 2006 1:00 PM
62 & 71 Arctic Springs w/ possible lot
Jeffersonville, Indiana 47130

Arctic Springs Photos

Looking for Ohio River Front Property or a River View of the Ohio, then these properties may fit the bill.  These well sought after properties in desirable Arctic Springs, in Jeffersonville, Indiana will be offered to the public on Sunday, May 21, beginning at 1:00 PM.  Each property will be offered individually, and combined in various configurations prior to being offered as a whole, each property may be offered in multiple arrangements to optimise the property's selling potential.  These properties did not flood during the 1997 flood. 

Parcel A.  62 Arctic Springs:  Offers spacious decks, overlooking the Ohio River offers approximately 2400SF total of living space w/ 2+ bedrooms, a nice kitchen and family room on the upper level and 1 full bath, with a deck which go all away around the upper level with views of the surrounding properties and the Ohio River.  The lower level offers a full bath, utilities, laundry area and a large open area which could be configured to meet the new owner's needs.  This parcel has approximately .23 acres or 10,000.5SF.  The property has city water, sewer, natural gas and the house has central heat & air. 

Parcel B. Building Lot/Vacant Land:  This lot measures approximately 1.71 acres or 75,580SF.

Parcel C.  71 Arctic Springs:  This property has approximately 2400SF of living space with a large family room, kitchen, Florida room, 2 bedroom, and 2 baths, and a first floor laundry.  There is a deck off the second floor bedroom.  This home offers many possibilities, remodel to meet your personal taste or remove and build your very own custom built home on the shores of the Ohio River.    This property offers approximately 166 feet of Ohio River frontage, reported to be the largest river frontage in Arctic Springs.  This property currently has more accessible beach area of any property in Artic Springs.  Dock your boats on the Ohio River for your enjoyment. Watch the river boat traffic from your own back yard, deck or dock.  The property has city water, sewer, and natural gas, central heat & air.

Personal Property Includes: 1991 Dodge PickupTruck, Cummins Diesel, w/ approximately 78K miles, a 1996 Landau Elite 25' Pontoon Boat w/ 1996, 90HP Force Motor and a 1996 Bear Trailer

Terms:  Properties will be offered individually and combined in multiple configurations with the highest method of sale being final. Each individual parcel will require a non refundable payment of $10,000 per parcel, or $30,000 for the entirety.  There will be a 10% buyer's premium added to the final bid to determine the final contract purchase price between the buyer and the seller on each parcel purchased.  Balance of the final purchase price must be paid to the seller at closing within 30 days from date of the auction.  Property taxes will be prorated between the buyer and the seller at time of closing.  The property survey will be a shared expense between the buyers on a prorated basis on each tract purchased.  Seller's shall pay deed preperation and the seller's portion of the prorated taxes, all other closing expense shall be at the expense of the buyers.  Additional terms may be identified by the auctioneers at time of auction.  All announcements made at time of auction will take precedences over all previous oral or written announcements. All down payments must be in certified funds and made payable to the auction company at time of auction.  It shall be the buyers responsibility to determine the suitability, form and function of any property offerd at auction and the property will be sold, as-is without any contingencies, and the property will be sold subject to the seller's conformation.  Property will be made available for inspections during the inspection period beginning May 11, 2006 and inspections must be coordinated through the auction company and by appointments only.  Public preview of the property will be on Sunday, May 14, 2006 2 -5 PM and on Wednesday, May 17, 5 - 8 PM. Bidders may pre register with the auction company during the open house periods and one hour before the auction.  Additional information and photos will be added when available.

Sample Guarantee Letter:
As a customer of our bank, we will guarantee payment of checks drawn on account #__________ not to exceed the aggregate amount of $____________ ot the auction in the Arctic Springs area of Jeffersonville, by the McGinnis Auction & Appraisal Service, on Sunday, May 21, 2006, in Clark County, Indiana.