EDWARDSVILLE HOME & GARAGE ON 1-ACRE | ABSOLUTE ONLINE AUCTION

BIDDING BEGINS: THURSDAY, AUGUST 28 @ 2PM

BIDDING ENDS: THURSDAY, SEPTEMBER 18 @ 2PM

505 STONEVIEW DRIVE, NEW ALBANY, IN 47150

Opportunity is knocking! Selling at absolute auction to the highest bidder, a one-owner 1,486 square foot 3 bedroom-2 bath brick ranch with full basement, built in 1988 in a suburban neighborhood in Edwardsville. Situated on a 1-acre lot with mature trees, this property includes an attached carport, an oversized two-car detached garage, with an additional carport. Conveniently located just off Quarry Road, only minutes from expressway, shopping and schools. Ready for your personal touch! 

PROPERTY HIGHLIGHTS

Stoneview 24--Lot Neighborhood

1.02 Acre Level Lot with Mature Trees 

1,486 Square Foot Brick Ranch Built in 1988

3 Bedrooms - 2 Full Baths 

First Floor Laundry | Full Unfinished Basement 

Covered Front Porch & Rear Wood Deck

Attached Carport with Storage Closet 

30’ x 26’ Detached Garage with Attached Carport 

Three Paved Driveways 

New Albany - Floyd County School Corp. 

1/2 Mile to I-64 Edwardsville Exit 118

10 Minutes to Downtown New Albany 

In a classic Southern Indiana neighborhood on a one acre lot, this home offers nearly 1,500 square feet on the main level with three bedrooms, two full bathrooms, eat-in kitchen with breakfast bar, dining area with nearby laundry area, and a living room with bay window. The full unfinished basement offers plenty of potential to expand or customize. The home is equipped with a Trane electric heat pump and central air. 

An attached  carport with a storage closet and a large two-car detached garage with a carport - accessed via three paved driveways, provides multiple parking and storage options. So whether you’re buying your first home, downsizing, or need room to grow, this property provides a functional layout with strong renovation potential.

HOME HIGHLIGHTS 

Living Room with Bay Window

Eat-In Kitchen with Breakfast Bar 

Dining Area Walkout to Wood Deck 

First Floor Laundry off Dining Area 

Main Bedroom with Full Bath

2 Additional Bedrooms 

Full Hall Bathroom 

Attached 13’x 27’ Carport with 6’ x 13’ Storage Closet 

Detached 30’ x 26’ Garage with 12’ x 30’ Attached Carport 

UTILITIES AVAILABLE 

Duke Energy

Edwardsville Water

Spectrum Cable 

REAL ESTATE TAXES (2024-2025)

Georgetown Township (Annual) – $1,328.22

DEDUCTIONS (2024-2025)

Homestead – $45,000

Supplemental – $50,025

FLOOD ZONE 

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

LEGAL DESCRIPTION

P. 892 L. 20

PARCEL

22-02-03-600-358.000-002

SCHOOL CORPORATION

New Albany - Floyd County 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.

NO RESERVE

Sells Absolute to the Highest Bidder

OPEN HOUSE

Thursday,  September 4, 4:00 PM - 6:00 PM

Thursday,  September 18, 11:00 AM -  1:00 PM 

Or contact us for a private showing.

PROPERTY LOCATION

505 Stoneview Drive, New Albany, IN 47150

SELLER

James H. Sarles Testamentary Trust 

ATTORNEY 

Stephen Naville, Trustee

Mattox & Wilson, LLP

DIRECTIONS 

I-64 to Georgetown Exit 118 to West on IN-62. 2/10 mile to left on Corydon Pike to left on Quarry Road. 3/10 mile to left on Stoneview Drive.  Continue  left to 1st home on right.