Stone’s Bay Condominium Development

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Attention Real Estate Developers – Stone’s Bay Condominium Development Real Estate Auction

Began: 08/05/04 at 10:00 AM UTC

Attention Real Estate Developers!!

By Order of Secured Creditor

Stones Bay Condominium Development Phase II

Thursday, August 5th @ 10:00 AM On Site

Greenwood, Indiana

This sale includes approximately 11.962+/- acres of platted condominium development, located just west of the corner of Stones Crossing Road and SR 135 in White River Township, Johnson County. The development is adjacent to Stones Crossing Commercial Center and Marsh Supermarket.

Some infrastructure has been completed. The plan for this development, Phase II of Stone’s Bay, includes (14) 4-unit building homesites. Condominiums in Phase I of this development have sold in the range of $160,000.00 to $190,000.00. The existing infrastructure in Phase II includes some utilities and retention pond.

An information package is available and includes general layout of property, estimates for infrastructure completion, demographics, auction terms of sale and other pertinent information. There will be a $30.00 charge per package for printing and overnight delivery. Credit cards will be accepted for the packages.

Call our office for more information regarding this great opportunity. Partial Terms of Sale: $20,000.00 cash or cashier’s check required to bid. Balance to ten percent of the purchase price due within three business days of auction. Call our office to receive complete terms of sale. Auctioneer: Norman J. Gallivan II, CAI #AU09100059.

Gallivan Auctioneers & Appraisers

7230 Arbuckle Commons, Suite 181 Brownsburg, IN 46112

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