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Auction Information
Auctioneer Mike Peterson Auction & Realty Service 716-665-0668
Auction Date Oct 21 Auction
Location
8840 Pecor Street
Portland, NY
Time 06:00PM
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Auction Listing
AuctionZip Auctioneer ID# 2531
Selling 5 acre wooded lot in Portland

This property consists of a 5 acre wooded lot in Portland with an abandoned house 20'x 20' pole barn.

Corell Creek runs through the property and mature nut and hardwood trees cover most of the property.

Check it out, build a house, put in a modular, harvest some mature walnut and maple trees.

$ 5,000.00 + 10% Buyer's Premium (minimum $1,500.00)

Absolute auction upon receipt of opening Bid

TERMS AND CONDITIONS OF SALE

REAL PROPERTY LOCATED AT

8840 PECOR STREET, TOWN OF PORTLAND,

COUNTY OF CHAUTAUQUA, STATE OF NEW YORK,

IDENTIFIED AS PART OF TAX PARCEL: SECTION 161.02 BLOCK 1 LOT 58

WILL BE OFFERED FOR SALE AT PUBLIC AUCTION

ON FRIDAY, OCTOBER 21, 2016. BIDDING TO BEGIN AT 6:00 PM

 

The auction will be held on location at the property

Auction parcel

Tax Parcel number 161.02-1-58, Approximately 5 acres with 398’ Road frontage on the East side of Pecor Street.

(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, plumbing, heating, electrical, interior and exterior of all buildings, any fixtures, and the land. The house is abandoned and unfit to live in and being sold as such, in the event the Chautauqua County health department requires a sewer and water test it is the sole responsibility of the purchaser to order, pay for such test and also to pay for any and all repairs required by Chautauqua County after closing.

(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 it is the responsibility of Purchasers to order and pay for such survey.

 (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 Opening bid on the property is $5,000.00 + 10% Buyer’s premium a minimum Buyer’s premium of $1,500.00 will be charged. The property sells absolute to the highest bidder / no reserve on and above the opening bid.

(5.)  The successful high bidder will immediately sign a Contract for Sale of Real Property and will place $ 2,500.00 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 deposit will NOT be refunded if the sale is not completed due to the default of the Purchaser for any reason and therefore will be forfeited to the seller.

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

(8.)  The BALANCE will be due and POSSESSION will be granted at CLOSING.

 (9.)  The Seller shall furnish a GOOD 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 purchaser at time of closing.

(10.)  CLOSING COSTS - The Seller will pay for the Title Search update, The Purchaser will pay for TP 584 Filing Fee, Deed Recording Fee, RP5217 Filing Fee, revenue stamps, 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.

(13.) The Seller and or Auctioneer reserve the right to sell the property prior to the auction or cancel the auction for any reason.

     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:   Sturat Shoemaker, Fredonia NY 14063

ATTORNEY: Timothy Edes, Westfield NY

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

                1432 Kiantone Road, Jamestown, New York 14701

                Telephone:  716-665-0668             Fax:  716-661-9629

                E-mail: peteauction@hotmail.com





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