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Auction Information
Auctioneer Mike Peterson Auction & Realty Service 716-665-0668
Auction Date Nov 12 Auction
Location
5354 Route 60
Sinclairville, NY
Time 10:00AM
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Auction Listing
AuctionZip Auctioneer ID# 2531

Selling  Home, & 1 acre Lot

UPDATE - The Real Estate will still be sold even after garage has burnt down complete details availible Auction Day

This is a 3 bedroom, 1 bath home on 1 acre lot with black top driveway, full basement, fireplace, hardwood floors, the interior of this house is in average to above condition, the bones on this house are very good and exterior needs some maintenance like new roof, painting and the septic will need updated.

Great opportunity, property is to be sold, family from out of town

TERMS AND CONDITIONS OF SALE

REAL PROPERTY LOCATED AT

5354 ROUTE 60, TOWN OF GERRY,

COUNTY OF CHAUTAUQUA, STATE OF NEW YORK

IDENTIFIED AS TAX PARCEL: SECTION 284.00 BLOCK 2 LOT 10

WILL BE OFFERED FOR SALE AT PUBLIC AUCTION

ON SATURDAY, NOVEMBER 12, 2016. BIDDING TO BEGIN AT 10:00 AM

(1.)  This property is being offered for sale “AS IS, WHERE IS”, with no guarantees or warranties of any sort, either actual or implied, including but not limited to, septic system, water system, plumbing, heating, electrical, interior and exterior of all buildings, any fixtures, and the land. The purchaser is responsible to pay for a Chautauqua County health department sewer and water test at closing and the purchaser is responsible to pay for any and all repairs or updates if required.

(2.) All property boundaries are approximate, and no guarantees of any kind are given with respect to the acreage shown on tax maps or referred to in any existing deeds, surveys, or sale literature. If a land survey is required or desired by purchaser it is the responsibility of Purchasers to order and pay for prior to closing.    

(3.)  Prospective Purchasers are responsible for inspecting the property, being knowledgeable about its physical condition and any existing zoning regulations, leases, easements, rights of way, or other restrictions regarding its use, and understanding closing costs and fees, PRIOR TO THE AUCTION.

(4.)  The sale will be subject to the approval of the Seller within 48 hours of the auction. The Seller reserves the right to accept or reject any and all bids, for any reason whatsoever.

(5.)  The successful high bidders will immediately sign a Contract for Sale of Real Property and will place $ 3,500.00 in the form of cash or good check with Mike Peterson Auction & Realty Service to be held in their escrow account until closing. 

(6.)  The deposits will NOT be refunded if the sale is not completed due to the default of the Purchasers for any reason and therefore will be forfeited to the seller.

(7.)  The deposits WILL be refunded in full to the Purchasers if the sale is not completed due to the default of the Seller for any reason.

(8.)  The BALANCE will be due AT CLOSING, ON OR BEFORE December 30, 2016. POSSESSION will be granted at closing. Seller will maintain utilities in working order until closing.

(9.)  The Seller shall furnish an INSURABLE TITLE to the Purchaser, free and clear of any liens or encumbrances, subject to any leases, easements, rights of way, or deed restrictions of record. All sellers’ gas, oil, mineral and timber rights will be conveyed to the purchasers at time of closing.

(10.)  CLOSING COSTS - The Seller will pay for the Title Search update.  Purchaser will pay for revenue Stamps, TP 584 Filing Fee, Deed Recording Fee, RP5217 Filing Fee, and any costs in obtaining financing. Each will pay own attorney fees.

(11.)  The purchaser shall have possession of said premises from and after the closing date

(12.) Michael W. Peterson is acting only as Sales Agent for the Seller, and has no personal interest in the property.  The Real Estate Broker and or Seller reserve the right to cancel the auction for any reason at any time.

     ANY  ANNOUNCEMENTS  MADE  BY  THE  AUCTIONEER  ON  THE  DAY  OF  THE SALE  WILL  TAKE  PRECEDENCE  OVER  ANY  PRINTED  MATERIAL.

     THE SELLER AND HIS SALES AGENTS WILL NOT BE HELD RESPONSIBLE FOR ANY ACCIDENTS SHOULD THEY OCCUR BEFORE, DURING, AFTER, OR BECAUSE OF THE AUCTION.

SELLER:   Loren Marz, Brian Marz

ATTORNEY:   Hope Fredrickson

            11 Jamestown Street, Sinclairville, NY  14782

            (716)962-3825

 

BROKER:      Michael W. Peterson, Mike Peterson Auction and Realty                    Service

             1432 Kiantone Road, Jamestown, New York 14701

             Telephone:  716-484-3387             Fax:  716-661-9629

             E-mail: peteauction@hotmail.com

 

PROPERTY DESCRIPTION

 

LOCATION: 5354 Route 60, Gerry, New York  14740

TAX PARCEL#: 284.00-2-10

TAX ASSESMENT: $ 81,000.00

TAXES: Total $ 1,385.70 

        2015  School: $ 251.14

        2016 Town & County $1,134.56

SCHOOL DISTRICT: Cassadaga Valley School

 

(All Measurements are Approximate)

LAND: Approximately 1.35 acres

DETACHED GARAGE: A two story, two car 20’x36’garage with electric, gravel floor, and blacktop driveway

HOUSE: 1 ½  story, 1503 sq ft Cape Cod style home with full basement (visible mold)

And has sump pump.

HEATING: Forced air, propane, age unknown

ELECTRICAL: 60amp, fuses

SEPTIC:  Private Septic, age unknown

WATER:  Private Well, unknown

HOT WATER HEATER: 40 gal, electric 2004

ROOF: Asphalt shingle (poor)

SIDING: wood siding

WINDOWS: single w/ storm, picture window thermos-pane

FOUNDATION: concrete block, cement floor

INTERIOR:

1st floor

KITCHEN: 8 ’x 10’, Pine wood cupboards, linoleum floor

DINING ROOM: 11’ x 13’, built in storage, hardwood floor

LIVING ROOM: 15’x 16’w/ fireplace, carpet, hardwood underneath

FULL BATHROOM: 7’x 7’, linen closet

1st BEDROOM: 10’x12’, hardwood floor, large closet

2nd Floor

2nd BEDROOM: 12’x12’, vinyl flooring, slanted ceilings

3rd BEDROOM: 12’x15’, vinyl flooring, slanted ceilings

5’x 6’cedar lined closet




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