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Online RE Auction: 10528 N St. Rt. 227 – Fountain City, IN 47341
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Starts: 2026-09-10 00:00:00am

Ends: 2026-09-30 16:00:00pm

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<p style="text-align: center"><span style="color: #000000"><strong>ONLINE REAL ESTATE AUCTION</strong></span></p> <p style="text-align: center"><span style="color: #000000"><em><strong>Betty A. Thomas, Owner</strong></em></span></p> <p style="text-align: center"><span style="color: #000000"><strong>10528 N St. Rt. 227 - Fountain City, IN 47341</strong></span></p> <p style="text-align: center"><span style="color: #000000"><strong>Bidding will End: Weds. Sept. 30th @ 6PM</strong></span></p>
<p style="text-align: center"><span style="color: #000000"><strong>ONLINE REAL ESTATE AUCTION</strong></span></p> <p style="text-align: center"><span style="color: #000000"><strong>10528 N St. Rt. 227 - Fountain City, IN 47341</strong></span></p> <p style="text-align: center"><span style="color: #000000"><strong>Bidding will End: Weds. Sept. 30th @ 6PM</strong></span></p> <p style="text-align: center"><span style="color: #ff0000"><em><strong>Open House & Inspections: TUES. 9/22 and THURS. 9/24 from 5-7 PM </strong></em></span></p> <span style="color: #000000">Auctions are NOT just for CASH buyers! Get pre-approved & your financing in order NOW!! Selling with a minimum bid of $198,000. Situated on a scenic hillside in Wayne Co., Indiana, this property includes two parcels totalling 8+ acres. The spacious home is a sculpted sandstone ranch with 3 bedrooms, 1 and a half bathrooms, a kitchen that opens to the dining room, & large living room with a fireplace. The home features large windows for scenic views, a breezeway to an attached 2 car garage and a full finished walkout basement that includes a kitchenette, half bath, wood burning stove, and wide open concept living area. This quiet property is complete with mature trees and a scenic water way. Included in this auction are 2 parcels: 89-14-11-000-421.000-011 (1.65 ac) and 89-14-11-000-420.002-011 (6.44 Ac). The small outbuilding does not convey with property and will be removed prior to closing.</span> <p style="text-align: center"><span style="color: #000000"><strong>Betty A. Thomas, Owner</strong></span></p>
<span style="color: #000000">TERMS:</span> <span style="color: #000000">INTERNET REAL ESTATE AUCTION -- TERMS & CONDITIONS</span> <span style="color: #000000">1. THIS PROPERTY IS OFFERED FOR SALE "AS-IS" WITH NO WARRANTIES OR GUARANTEES. THE PURCHASER(S) AGREES TO PURCHASE THE PROPERTY AND BUILDINGS IN THEIR PRESENT CONDITION.</span> <span style="color: #000000">2. A 10% BUYER'S PREMIUM SHALL BE APPLIED TO THE FINAL BID TO ESTABLISH THE CONTRACT SALES PRICE.</span> <span style="color: #000000">3. THE SALE OF THE PROPERTY IS NOT SUBJECT TO ANY CONTINGENCIES OR THE PURCHASER'S ABILITY TO ACQUIRE ANY NECESSARY FINANCING. IT IS THE PURCHASER(S) RESPONSIBILITY TO MAKE ARRANGEMENTS TO INSPECT AND VIEW THE PROPERTY IN ITS PRESENT CONDITION PRIOR TO THE CONCLUSION OF THE AUCTION. THE PURCHASER(S) ARE RELYING SOLEY UPON SUCH EXAMINATION WITH REFERENCE TO THE CONDITION, CHARACTER, SIZE OF LAND, PROPERTY LINES, IMPROVEMENTS, AND FIXTURES, IF ANY.</span> <span style="color: #000000">4. THE REAL ESTATE SHALL SELL WITH A MINIMUM BID OF $198,000, UNLESS OTHERWISE ANNOUNCED AND NOTED, FREE AND CLEAR OF ANY LIENS OR INCUMBRANCES.</span> <span style="color: #000000">5. THE PURCHASER(S) SHALL BE REQUIRED TO DEPOSIT $5,000 DOWN AS ESCROW MONEY WITHIN 24 HOURS OF THE CONCLUSION OF THE AUCTION. THE BALANCE IN FULL IS DUE AND PAYABLE ON OR BEFORE 45 DAYS FROM THE DAY OF AUCTION.</span> <span style="color: #000000">6. THE SELLER SHALL PAY THE JULY 2026 TAX INSTALLMENT IN FULL. THE PURCHASER(S) SHALL BE RESPONSIBLE FOR ANY REAL ESTATE TAXES THEREAFTER. THERE WILL BE NO PRORATION OF REAL ESTATE TAXES.</span> <span style="color: #000000">7. PURCHASER(S) AGREE TO ACCEPT THE SALE OF THE REAL ESTATE UPON THE TERMS AND CONDITIONS THAT ARE SET FORTH. PLACING AN ONLINE BID OR BIDS WILL IMPLY YOUR ACCEPTANCE OF THE TERMS AND CONDITIONS OF THIS AUCTION AND WILL BE LEGALLY BINDING.</span> <span style="color: #000000">8. IT IS UNDERSTOOD THAT THE AUCTIONEER(S), MIDWEST AUCTIONEERS & REALTY, INC. AND THEIR STAFF ARE AGENTS FOR THE SELLER AND DO NOT IN ANY WAY REPRESENT THE PURCHASER(S) CONCERNING THE SALE AND/OR THE REAL ESTATE OFFERED FOR SALE.</span> <span style="color: #000000">9. THE SUCCESSFUL PURCHASER(S) SHALL BE REQUIRED TO SIGN A REAL ESTATE PURCHASE AGREEMENT/CONTRACT AT THE CONCLUSION OF THE AUCTION. OTHER NECESSARY AND APPLICABLE DOCUMENTS MAY BE REQUIRED BY STATE AND/OR FEDERAL LAW.</span>

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