2 Income Properties Selling in Multi Parcel Auction

Sells Regardless of Price! | Buy 1 or Both For One Bid | 328 Kinsmoor 2BR 2BA Home | 324 Kinsmoor: 3BR 1 BA Home

Multiple Auction Locations (2)

Thursday, November 7th, 2019 @ 5:30 pm

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2 Income Properties Selling in Multi Parcel Auction 
Sells Regardless of Price! | Buy 1 or Both For One Bid | 328 Kinsmoor 2BR 2BA Home | 324 Kinsmoor: 3BR 1 BA Home

2 Great income opportunities, close to South Side High School, Downtown, Electric Works, River Greenway.

328 Kinsmoor built in 1910, this 976 square foot, 2-bedroom 2 bath 2 story home on a full basement with a 1 car detached garage and fenced in back yard.

324 Kinsmoor built in 1910, this 1,144 square foot, 2.5 story 3-bedroom 1 bath home on a full 572 square foot unfinished basement with a large 2 car detached garage and fenced in back yard. 

Directions: South Central Ft. Wayne, just a half a block from Packard Park, 2 blocks from South Side High School and Rudisill Blvd. shopping district.

Open Houses: 
Monday October 28th & November 4th
5:00-6:30pm

Multi Parcel Auction.  Buy 1 or both for one bid.  See auctioneer for details.

Property Features

  • 328 Kinsmoor Avenue:

    Built in 1910, this 976 square foot, 2-bedroom 2 bath 2 story home on a full basement with a 1 car detached garage and fenced in back yard.

  • Kitchen:

    9x11, carpeted, wood cabinets, newer countertops, eat at bar, funky track lighting, fridge and gas or electric stove hook up. (Gas stove tenant owned.)

  • Dining Room:

    10x13, Carpeted, china buffet cove, chandelier.

  • Living Room:

    11x14, Carpeting, open stairwell to 2nd floor.

  • Bathroom 1:

    6x7, tile floor, shower tub combo, exhaust fan.

  • Bedroom 1:

    11.5x15.5, Original wood floors, lighted.

  • Bedroom 2:

    9x11, Original wood floors under blue carpet, lighted.

  • Basement:

    20x24, dry concrete replacement walls and capped concrete floor. Gas forced HVAC, newer gas water heater, dehumidifier, washer and electric dryer.

  • Bathroom 2:

    5x5 Area partition water resistant shower walls with oval shower curtain and mosaic tiled floor with drain. Sink with vanity mirror, toilet.

  • Detached 1-Car Garage:

    10x12, overhead automatic door, and door from back yard.

  • Exterior Details:

    Vinyl siding, newer concrete sidewalks and curbs fenced back yard, off street in concrete path driveway. Large shade trees. Covered front porch is 7x16. Covered 5x6 back porch. Both have high security screen doors.
    Shade trees, newer concrete, sidewalks, steps, curbs.

  • More Info:

    Zoned R1, Ft. Wayne Community Schools
    Taxes: 2018 pay 2019 $1,559.88 with no exemptions. Assessment $49,000.
    Rent history: $600 month, subject to tenant right thru September 30, 2020.
    Terms: Sells absolute, no reserve. $6,500 down, close in 30 days.

  • 324 Kinsmoor Avenue

    Built in 1910, this 1,144 square foot, 2.5 story 3-bedroom 1 bath home on a full 572 square foot unfinished basement with a large 2 car detached garage and fenced in back yard.

  • Kitchen:

    9x9, Updated, Stone tile flooring, wood cabinets, newer countertops with sliding glass door to back yard covered deck.

  • Dining Room:

    11x13, Original wood floors, chandelier, built-in cabinet in hall to side door and basement.

  • Living Room:

    12x16, Original hardwood floors and ceiling light, ventless gas log fireplace with mantel and built-in bookshelves and cabinets.

  • Bathroom:

    7x8, Updated, stone tile floor, newer shower tub combo, exhaust fan.

  • Bedroom 1:

    11x12, Original hardwood floors, lighted.

  • Bedroom 2:

    Bedroom 10x10, Original wood floors, lighted.

  • Bedroom 3:

    Bedroom 9x12, Original wood floors, lighted.

  • Finished Attic:

    14x21, Finished insulated, painted drywall, closet, 2 double hung windows, solid wall railing around stairwell, tack strip and newer carpet padding (ready for new carpet!). 67” peak ceiling height, perfect for children’s playroom or 4th bedroom(?).

  • Basement:

    22x26, Unfinished with 2 new concrete block walls and 4 new vinyl hopper windows with screens. High efficiency gas HVAC, gas water heater, washer and electric dryer hook ups, rough plumbed for 2nd full bathroom, trench drains and sump pit with pump.

  • Laundry Utility Room:

    12x14, Washer and gas dryer hook ups, sump pump, newer high efficiency gas HVAC, newer gas water heater.

  • Detached Large 2 Car Garage:

    18x18, newer overhead automatic door, built-in shelves, automatic door opener and door from back yard.

  • Exterior Details:

    Vinyl siding, newer replacement and doors, 16x7 covered front porch, high security screen door, newer concrete sidewalks and curbs, fresh mulch with many new evergreen shrubs, fenced back yard, off street parking for 2 cars from alley to driveway. Large shade trees. Partially covered 10x20 back deck, Swing set playground surrounded by mulch pit. Full extra east side lot, 38’wide by 142.3’ deep with new curb cut, level grass yard to rear concrete parking pad with entry from paved alley.

  • Other Info:

    Zoned R1, Ft. Wayne Community Schools
    Rent history: Currently vacant, $750 month plus utilities.
    Taxes: 2018 pay 2019 $1,199.02 with no exemptions. Assessment $58,900
    Terms: Sells absolute, no reserve. $6,500 down, close in 30 days.

Personal Property

  • 324 Kinsmoor Avenue Personal Property:

    Lawn mowers (1 like new!), yard tools, brooms, shovels, appliance cart, racks, electric hedge trimmers, fiberglass step ladders, rotary push mower, industrial bar stools, metal saw horses, grow light, metal 3 piece bistro set, two 5,000 btu window air conditioners, teepee lamp,
    Cedar hope chest, consul stereo, pair of lighthouse 2-top tables, headboard, 3 piece white lacquer bamboo dresser set, corner book shelf lamp,
    Appliances: Fridge, Gas Stove, Washer, Electric Dryer

Real Estate Terms

Buyer Brokers welcome (contact auctioneer for details).  $6,500 down for each individual home day of auction, balance on closing.  Buyer(s) to pay winning accepted bid price plus a 2.5% buyers premium (2.5% of winning bid) due at closing.  Property sold absolute, no reserve, sells regardless of price.  Property sold as-is, where-is.  Property sold for cash. (The sale of this property may be financed; however, the sale of this property IS NOT CONTINGENT to financing approval).  The information stated in this brochure are the opinions of the sellers, Scheerer McCulloch Auctioneers, Inc. and its agents, however, the decision to bid on the real estate property is entirely up to the individual bidders based on their own individual inspections, research and opinions. All statements, measurements, zoning and tax information are from reliable sources, however, are not guaranteed to be accurate. Statements made day of auction takes precedence over any and all previous oral or written matter.  Real estate closing within 30 days of auction.  *Real estate taxes: Real estate tax information stated indicates what the current owner is required to pay and is merely a guideline (the new buyer’s real estate taxes may or may not be the same as what the current owners is required to pay). Real estate taxes prorated to date of closing. 

Personal Property Terms

10% buyers premium on all items. Cash, MC/VISA. All items sold as-is. Statements made day of sale take precedence over printed matter. All sales are final. Not responsible for accidents.