FRANKLIN COUNTY, IN LAND AUCTION - LADD

Franklin County, Indiana

Tract 1: Physical Address: 2459 Kokomo Hill Road, Laurel Indiana 47024 The Ladd 3.536-acre lot is easily accessible from east by taking State Road 121 into Laurel Indiana, then taking West Pearl Street to the west which changes into Kokomo Hill Road. From Laurel travel approximately 3.5 miles and the property will be located in between the intersections of Kokomo Hill Road and Vickers Road. From the west, take State Road 52 to New Salem Indiana, then east on County Road 450 South approximately 3.5 miles where it then changes to West Johnson School Road. From that intersection travel an additional 2.5 miles to then turn south on South Sanes Road (South County Road 625 West) continue south for ¾ mile, where South Sanes turns east and changes to Kokomo Hill Road. From that turn, travel an additional ¾ mile and the property will be on the left or north side of the road.

Tract 2: The Ladd 8-acre wooded tract is located at the west edge of Laurel Indiana with access directly from State Road 121. From the south take US 52 turning north on State Rd 121 approximately 3.75 miles and the property is on the left or north side of the road just before the Laurel Elementary School. From the north take 121 south into Laurel, traveling through town where 121 turns west. Go approximately ½ mile and property will be on the right or north side of the road, just past the Laurel Elementary School.

Tract 3: Physical Address: 13248 State Road 121, Laurel Indiana 47024 Take State Road 121 to Laurel Indiana. Located just to the west of the south end of Laurel is Laurel Elementary School on the north side of the road. The driveway is the first drive to the east of the school entrance and proceeds back approximately ¼ mile to the north where the modular home is located on the east (right) side of the lane.

11.536 acres± • 11.536 tracts

Tract 1: Franklin County Assessor’s Office indicate that there are 2 parcels to this property that total 3.536 taxable acres. The lot has potential for a building site or a location for a mobile or modular home. The ground slopes gently from the high point of the northeast corner to the lowest elevation at the southwest corner along Kokomo Hill Road. There is currently a cistern for water and electricity located at the road for convenient water and electric utility hookup. This property is mostly wooded with several openings that can be expanded for additional yard area. There is abundant wildlife in this area, and deer and wild turkeys are frequently seen. There is an old stacked natural stone house foundation located near the road.

Tract 2: This 8 + acre tract is contingent upon final survey for the exact acreage, but using information available from the Franklin County Assessor’s office the area shown on maps is between 8 and 9 acres. The owner is splitting off the lower acreage from his larger 44 plus acre wooded tract. The access to this ground is via a legally deeded and recorded easement from the southeast corner via State Road 121. The property has a higher elevation along the west property boundary and slopes along the entire north to south length to the east where a rocky bottomed, annual runoff creek winds along the property line. There are abundant deer and wild turkeys here along with a mix of small game. Mushroom foraging in the spring is another recreational option for the buyer. There is a potential for building a cabin or home at the higher elevation to the west. There are abundant Black Walnut trees growing on the east slope along with some handsome oaks near the top, which could indicate a potential return on investment with a responsible timber harvest.

Tract 3: This sale is for the modular home only; no real estate is included. Buyer will be responsible for moving the home after purchase with flexibility on timing by the seller.

Tract 1 - 3.536 taxable acres±

• This tract contains 2 parcels that combined are 3.536 taxable acres according to Franklin County Indiana’s Assessor’s Office
• Gently sloping ground from the Northeast to the Southwest
• Currently a cistern for water on the property and electricity available at the road
• Several possible locations for building or for a mobile/modular home
• Mostly wooded with several clearings
• Lots of wildlife in this area and deer frequent the property
• Remote and quiet yet quick and easy commute to town

Tract 2 - 8 acres±

• All wooded tract containing approximately 8 acres being split from a 44-acre parent property. Exact acreage is contingent upon final survey
• Property access is by a deeded easement approximately 150 feet in length from State Road 121 to the property line
• The highest elevation is to the west, with the land sloping to the east
• A rocky, seasonal stream runs north to south along the east property line
• Potential building site near the ridge top
• Great deer and turkey hunting
• Potentially marketable timber

Tract 3 - Residential Home

• Built in 2005, containing 1,620 square feet with 3 bedrooms and 2 full baths
• Central air and heat
• New carpeting paint and trim throughout
• Great opportunity for an affordable home
• Buyer will be responsible for relocating the home
• Seller is flexible for timing of the move