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Auction Information
Auctioneer Mike Peterson Auction & Realty Service 716-665-0668
Auction Date Nov 09 Auction
Location
5719 Allegany Road
Cattaraugus, NY
Time 06:00PM
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Auction Listing
AuctionZip Auctioneer ID# 2531
    Attached Files    
GIS Map (PDF)

OPERTUNITY

Cattaraugus County Tax Parcel  53.003-1-14

     Let me tell you a little about this unique opportunity to buy a great country home to live in or flip.

     Current owner purchased home in 2013 for $144,900 paid cash and planed on spending his retirement in this charming turn of the 20th century brick home. Unfortunately due to health reasons he is forced to sell it and move to town where he can be closer to healthcare.

     He has sweetened the deal by including in the Real Estate Sale all new appliances which were bought in 2015 for $5,000 and a 2015 John Deere X738 lawn tractor with snow blower which he bought new for $13,500.00.

     We are offering this property, tractor and appliances at auction with a opening bid of $95,000.00. 

     It is not very often that these opportunities present themselves

Click this link for Catt County GIS: http://maps.cattco.org/Imate/propdetail.aspx?swis=046200&printkey=05300300010140000000 

Click this link for map: http://www.auctionzip.com/cgi-bin/showimage.cgi?lid=2805556&type=at&in=1

TERMS AND CONDITIONS OF SALE

REAL PROPERTY LOCATED AT

5719 ALLEGANY ROAD, TOWNSHIP OF NAPOLI

COUNTY OF CATTARAUGUS, STATE OF NEW YORK, 

IDENTIFIED AS TAX PARCEL: SECTION 53.003 BLOCK 1 LOT 14

WILL BE OFFERED FOR SALE AT PUBLIC AUCTION

ON WEDNESDAY NOVEMBER 9, 2016. BIDDING TO BEGIN AT 6 PM

 

The auction will be held on location at the house

Property offered as one auction parcel and not divided in any way

 

Preview Pre-Auction Wed. Nov. 9 4pm – 6pm

Auction parcel:

Auction Parcel – 1900’s remodeled 2 story home with storage shed and barn/garage, approximately 3.9 acres of land with 380’ road frontage on Allegany Road.

Included in sale will be personal property: John Deere X738 lawn tractor with snow blower and mower deck, electric kitchen range, dishwasher, microwave, refrigerator w/ bottom freezer, washer & dryer.

(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 Cattaraugus County health department sewer and water test at closing if required by the County. The purchaser is also responsible to pay for any and all repairs or updates to septic or water systems if required. The property was inspected in 2013 and was up to code.

(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 desired or required, Purchaser will order one at his or her expense, to be completed before 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.)  Opening bid $ 95,000.00. 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 bidder will immediately sign a Contract for Sale of Real Property and will place $ 7,500.00 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 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 purchaser at time of closing.

(10.)  CLOSING COSTS - The Seller will pay for the Title Search update, Purchaser will pay for all other closing costs including Revenue stamps, TP 584 Filing Fee, Deed Recording Fee, RP5217 Filing Fee, and any costs in obtaining financing. Each will pay own attorney fees. Projected closing date December 21, 2016.

(11.)  PROPERTY TAXES will be PRORATED as of the CLOSING DATE. All property taxes are paid in full and current. 

(12.) Michael W. Peterson is acting only as Sales Agent for the Seller, and has no personal interest in the property. 

     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.

SELLERS:   Peter Goodman

ATTORNEY:   Palumbo & Bertrand, P.A. (Josie)

            481 N. Union Street

            Olean, NY 14760         716-376-0628

 

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

 Property has been well maintained and is in overall very good condition.

 

LOCATION: 5719 Allegany Road, Cattaraugus NY 14719

          Township of Napoli, County of Cattaraugus, State of New York.

 

TAX PARCEL NUMBER:   Section 53.003 Block 1 Lot 14

TAX ASSESSMENT:     2016 Assessment $ 140,000.00

                    2016 Full market value $ 140,000.00

                                    

TAXES:    $ 3,905.28  Total  2016 School $ 1,096.20

                             2016 County $ 2,809.08

 

SCHOOL DISTRICT:     Cattaraugus Central School        

LAND: Approximately 3.9 acres with 380’ road frontage on north of Allegany Road

HOUSE & BUILDINGS:    

HOUSE TYPE:  Brick single family home

HEATING: Electric baseboard & pellet Stove 

         (Electric bills 09/2015 – 09/2016 $ 1,255.00)   

ROOF: Asphalt shingle

BASEMENT / FOUNDATION: Clean & Dry with concrete floor, field stone and poured concrete walls

SIDING: Red brick

ELECTRICAL: 200 amp service with breakers, Service provider village of Little Valley

SEPTIC:  private inspected in 2013

WATER: private well inspected in 2013

 

1St FLOOR

KITCHEN: Tile floor, wood cupboards, appliances included in sale are stove, dishwasher, refrigerator, microwave, washer, dryer

Formal dining room with period pass through cupboards, living room, entrance with pellet stove, den / office / bedroom

 

2nd  FLOOR

BATHROOM: Full and centrally located

4 large bedrooms with carpet

 

COVERED PORCH: wrap around

GARAGE: pole barn, steel siding and roof

SHED / CHICKEN COOP: used for storage

 

Auctioneer Note – Property to be sold all offers will be considered 




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