Bill Wilson, CAI
Andrew Wilson, CAI, CES
Aaron Wilson, CES
Hwy. 66 East, PO Box 305
New Harmony, Indiana 47631

123 NW 4th Street, Suite 2
Evansville, Indiana 47708

Office: 812.682.4000
Toll Free: 877.338.3272
FAX: 812.682.4740
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TUESDAY, MAY 20, 2008 5:00 PM
3122 Logan Drive, Newburgh, Indiana
Auction Description
Click Here for Auction Pictures

Pursuant to a Court Order the undersigned Auction Company has been authorized to sell the real estate belonging to the Estate of Ronald W. Rundio, and located at 3122 Logan Drive, Newburgh, Indiana.

REAL ESTATE: The real estate consists of a 92’ x 125’ corner lot improved with a 1 ½-story residence built in 1991. The home consists of approx. 2790 square feet and includes a master suite on the main level with bedroom, large bathroom, custom built-in storage cabinets, and walk-in closet; 2-3 bedrooms and 1 full bathroom upstairs, formal living room, family room, and kitchen with dining area. There is also a partial basement and crawl space. Other improvements include a 20’ x 20’ attached garage, as well as a utility shed. The home is connected to the garage by an enclosed breezeway. The home features a central heating and air conditioning system. The home is serviced by Ohio Township water and Vectren electric and gas.

PROCEDURE: The property will be offered in (1) tract. There will be open bidding during the auction as determined by the Auctioneer. Bids on the total property may compete. Conduct of the auction and increments of bidding are at the direction and discretion of the Auctioneer. All decisions of the Auctioneer are final.

DOWN PAYMENT: Successful bidder will make a 10% down payment on the day of the auction with the balance due at closing. The down payment may be in the form of cash, cashier’s check, personal check or corporate check. Bidding is not conditional upon financing, so be sure you have arranged financing, if needed, and are capable of paying cash at closing.

ACCEPTANCE OF BID PRICES: Successful bidder will be required to enter into a Purchase Agreement at the auction site immediately following the close of the auction. All final bid prices are subject to the approval of the Court Order.

DEED: Seller shall provide a Personal Representative’s Deed conveying title to the property.

CLOSING: The balance of the purchase price is due at closing, which will take place within 30 days of the presentation of insurable title.

POSSESSION: Possession will be at closing

REAL ESTATE TAXES: The real estate taxes will be the responsibility of the Buyer beginning with the taxes due and payable in November 2008 and thereafter.

BUYER’S PREMIUM: A 10% buyer’s premium will be added to the high bid to determine the contract sale price.

BROKER PARTICIPATION: Broker participation is available for this auction. Please contact the Auction Company for further details.

REAL ESTATE SHOWING: Representatives will be at the property on Sunday, April 27 from 4:00 to 5:00 PM and Tuesday, May 13 from 5:00 to 6:00 PM to answer questions and show the property.

DIRECTIONS: From the intersection of the Lloyd Expressway and Bell Road, turn North on Bell Road and proceed approx. 1 mile then turn East on Spencer Drive the immediately North on Logan Drive. Watch for signs.

AUCTIONEER’S NOTE: This auction will offer buyer’s the opportunity to purchase a sizable modern brick home conveniently located in Newburgh. The nicely landscaped home features excellent woodwork, large rooms, and plenty of storage. Plan to attend one of the showings on this Estate property.


DISCLAIMER AND ABSENCE OF WARRANTIES: All information contained in this ad 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 express or implied, concerning the property is made by the Seller or WILLIAM WILSON AUCTION & REALTY, INC., including, but without limitations to fitness for a particular use, physical condition, any specific zoning classification, title, location of utilities, assurance of building permits, driveway permits, or water and septic permits. All sketches and dimensions are approximate. Each potential bidder is responsible for conducting his or her own independent inspections, investigations, inquiries and due diligence concerning the property.

All announcements the day of the auction take precedence over printed material.

Preview: April 27, 4-5 PM; May 13, 5-6 PM

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