224 Island Drive Lowell, IN Real Estate

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Real Estate Auction

Bidding Begins to Close September 30th @ 5:30pm CDT

Located at 263 Island Drive Lowell, IN.

Parcel 1: 263 Island Drive Lowell, IN.

Welcome to Lake Dalecarlia and this beautiful lakefront home that you can buy at auction! Built in 1976 this three story home features 3100+ square feet, 4 bedrooms, and 3 baths. Picture windows give you beautiful views of the lake from each level of the home. The large master bedroom also features a walk-out balcony. Home has two fireplaces, one on the main level and one in the basement. The basement has been converted to the ultimate game area and ready for all your entertainment needs. When you step out of the home, you will find a three level outdoor deck overlooking the lake and a commercial awning with LED lights to make the outdoors even more enjoyable. Over the past 12 years of ownership, the current owners have made numerous modern updates to the home to make it the perfect lake home including a new roof last year, new water heater this year, and new furnace and a/c four years ago. Home features a whole home back-up generator too. Then go down to the lake and included with the home is the full pier, pontoon boat, boat lift and jet skis. The home sits on a 0.14 acre lot with 50' of lake frontage. This is one of the premier home with best views on Lake Dale, so do not miss your opportunity to bid on it at auction! Taxes 2024 Pay 2025: $3,606.30 (with exemptions). 

Parcel 2: 224 Island Drive Lowell, IN.

This 0.21 acre lot is located across the street from parcel 1. The lot currently has a a 2 car garage that was built in 1976, a 10' x 14' utility shed built in 2010, and is fenced. This parcel has the potential for a buyer to build their own lake view home on, have an adjacent property owner buy it for additional storage, or it is the perfect additional lot for the buyer of parcel 1. Taxes 2024 Pay 2025: $1,280.78 (no exemptions and taxed at 2% rate.)

Open House: September 21st 1pm-3pm. Can't make it? Call for a private showing.

Owner: Rogelio and Maria Dominguez 

General Terms: $10,000 non-refundable down payment per parcel due within 24 hours of sale closing, sold as-is, closing in 30 days, possession at closing, warranty deed, taxes pro-rated and final to day of closing, sells with seller's confirmation, and subject to a 10% buyer's premium or $3,500, whichever is greater. Buyer's may obtain financing, but sale is not contingent on financing. Buyer broker participation is welcome.

Kraft Real Estate Auctions, LLC - AC31900011

Col. Conrad Kraft- AU01023657

Jonathan Kraft – AU10500173

Managing Broker: Jay Mayden

219-973-9240 ~ Info@KraftAuctions.com

KraftAuctions.com

DOWN PAYMENT: $10,000 down payment within 24 hours of auction closing and with balance in cash at closing. The down payment may be in the form of cash, cashiers check, personal check or corporate check. YOUR BIDDING IS NOT CONDITIONAL UPON FINANCING, SO BE SURE YOU HAVE ARRANGED FINANCING, IF NEEDED, AND ARE CAPABLE OF PAYING CASH AT CLOSING.

BUYER`S PREMIUM: A buyer's premium of 10%,  will be added to the final bid price of the property.

APPROVAL OF BID PRICES: All successful bidders will be required to enter into purchase agreements at the auction site immediately following the close of the auction. All final bid prices are subject to the Sellers acceptance or rejection.

DEED: Seller shall provide a warranty deed.

EVIDENCE OF TITLE: Seller shall provide title insurance in the amount of the purchase price.

CLOSING: Closing shall take place in 30 days,

POSSESSION: At closing.

REAL ESTATE TAXES: Taxes are pro-rated and final at day of closing

ACREAGE: All acreage is approximate and has been estimated based on current legal descriptions and/or aerial photos.

SURVEY: There shall be no survey

EASEMENTS: The sale of the property is subject to any and all easements of record.

DISCLAIMER AND ABSENCE OF WARRANTIES: All information contained in this brochure and all related materials is subject to the Terms and Conditions outlined in the Purchase Agreement. Tract acreage has been estimated based on aerial photographs. 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 the Auction Company. Each potential bidder is responsible for conducting his or her own independent inspections, investigations, inquires, and due diligence concerning the property. The information contained in this brochure is subject to verification by all parties relying on it. No liability for its accuracy, errors, or omissions is assumed by the Seller or the Auction Company. All sketches and dimensions in this brochure are approximate. Except for any express warranties set forth in the sale documents, purchaser(s) assumes all risks thereof and acknowledges that in consideration of the other provisions contained in the sale documents, Seller and the Auction Company make no warranty or representation, express or implied or arising by operation of law, including an warranty of merchantability or fitness for a particular purpose of the property, or any part thereof, and in no event shall Seller or the Auction Company be liable for any consequential damages. Conduct of the auction and increments of bidding are at the direction and discretion of the auctioneer. The Seller and Auction Company reserve the right to preclude any person from bidding if there is any question as to the persons credentials, fitness, etc. All decisions of the auctioneer are final.

ANNOUNCEMENTS MADE BY THE AUCTION COMPANY AT THE AUCTION PODIUM DURING THE TIME OF THE SALE WILL TAKE PRECEDENCE OVER ANY PREVIOUSLY PRINTED MATERIAL, OR ANY OTHER ORAL STATEMENTS MADE.

263 Island Dr
Lowell, Indiana 46356-1013
United States