FRANKLIN COUNTY, IN LAND AUCTION - LADD

Wednesday, May 6, 2026 - 10:00 AM Central Auction to be conducted as a live, online auction. If you need assistance with internet bidding, please contact our office at (844) 847-2161 (844) 847-2161 LOCATION 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 then turn south on South Sanes Road (South County Road 625 West) and continue south for mile, where South Sanes turns east and changes to Kokomo Hill Road. From that turn, travel an additional mile and the property will be on the left or north side of the road. Tract 2: 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 mile and property will be on the right or north side of the road, just past the Laurel Elementary School. SELLER Ernest & Ruth Ladd MANAGED BY Tom James (317) 752-5781 GENERAL INFORMATION 11.536 acres 2 tracts Tract 1: Franklin County Assessors 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 Assessors 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 INFORMATION Tract 1 - 3.536 taxable acres This tract contains 2 parcels that combined are 3.536 taxable acres according to Franklin County Indianas Assessors 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 (subject to survey) 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 METHOD & TERMS The Ladd property will be sold in (2) individual tracts. Tract 1 will be sold for a lump sum total dollar amount. Tract 2 will be sold next on a price per acre basis, subject to survey. The tracts will NOT be offered in their entirety at the conclusion of the auction. Immediately following the auction, the successful buyer(s) will be required to sign a real estate sales contract and pay ten percent (10%) of the purchase price as a non-refundable down payment which will be held in escrow until closing. The balance of the purchase price will be due at closing in approximately 30 days on or before June 5, 2026. Seller will provide title insurance in the full amount of the purchase price. The 2025 real estate taxes have been paid by the seller. The 2026 real estate taxes will be prorated. Full possession will be given at the time of closing. Bidding is NOT subject to any contingencies, including but not limited to financing, an appraisal or inspection of the property. All announcements made sale day take precedence over prior advertising either written or oral. The information in our brochure, in our advertisements and on our website is believed to be accurate; however, no liability for its accuracy, errors or omissions is assumed. All lines drawn on maps, photographs, drone video, etc. are approximate. Buyers should verify the information to their satisfaction. There are no expressed or implied warranties made by the seller or Sullivan Auctioneers pertaining to this property. Real estate is being sold AS IS. Ernest L. Ladd Closing & Title Work: Fayette County Title, LLC 503 N Central Ave Connersville, IN 47331 (765) 825-9561 Auction Manager: Tom James (317) 752-5781