When is the 311 East Staat Street auction?

Saturday, December 5, 2026 at 10:00 A.M. Eastern, live on-site at 311 East Staat Street, Fortville, IN 46040, with online bidding at BidBurgess.com.

What is the opening bid?

Bidding opens at $80,000. For comparison, the county's 2025 assessed value is $84,900.

Yes. Register at BidBurgess.com before the auction. Online bidders must be approved before bidding opens, so register early.

Is there a buyer's premium?

Yes. A 10% buyer's premium is added to the high bid to set the purchase price. A $90,000 high bid is a $99,000 purchase price.

How much is the earnest money, and when is it due?

$5,000, wired to Fidelity National Title by 5:00 P.M. on Monday, December 7, 2026. Wire instructions come only from Fidelity; always confirm them by phone before sending.

On or before Monday, January 4, 2027, at Fidelity National Title. Possession is at closing.

Can I use a mortgage?

Yes, but the sale is not contingent on financing or appraisal. Have your lender approval in place before you bid.

Is the sale final when the bidding stops?

It is a seller confirmation auction. The seller will accept or reject the high bid within 24 hours of the close of the auction.

Can I see the house before the auction?

Yes. Open houses will be announced here. Private showings are available by appointment with Jason Snider, J. Snider Real Estate, 317-507-1692. All inspections must be done before the auction, because the home sells as-is.

Is the house occupied?

No. The home is vacant, and possession transfers at closing.

Who pays the property taxes?

The seller pays the November 2026 installment. The buyer pays all taxes due after that, with no proration. Semi-annual taxes are currently $917 (2025 tax year).

Is there room to add on or build a garage?

The lot is 0.18 acre (7,841 sq ft) and level, and there is no garage today. Check setbacks and permits with the Town of Fortville before you bid.

What school district is it in?

Mt. Vernon Community School Corporation: Fortville Elementary, Mt. Vernon Middle School and Mt. Vernon High School.

Is it in a flood zone?

No. It is in FEMA Zone X, an area of minimal flood hazard.

Yes. A licensed buyer's broker earns 3% of the high bid, paid at closing, if the Broker Participation Agreement is submitted by 5:00 P.M. Friday, December 4, 2026.