Cabin w/ small barn & 37 Acres

mostly wooded

TERMS AND CONDITIONS OF SALE

REAL PROPERTY LOCATED AT

5556 DEAN ROAD, TOWN OF STOCKTON,

 COUNTY OF CHAUTAUQUA, STATE OF NEW YORK, 

 IDENTIFIED AS TAX PARCEL: SECTION 196.00 BLOCK 3 LOT 18.2.1

 WILL BE OFFERED FOR SALE AT PUBLIC AUCTION

ON SATURDAY, JUNE 8, 2019. BIDDING TO BEGIN AT 6:00 PM

The auction will be held on location at the property.

Preview 2 hours prior to auction or by appointment

Auction Parcel:

Approximately 37 acres of land, 781’ road frontage with a 1 ½ story wood frame home.

(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 the existence of a septic/sewer system, water system, plumbing, heating, electrical, interior and exterior of all buildings, any fixtures, and the land. If required, the Purchaser will pay for a Chautauqua County health department water test at closing and will pay for any and all repairs or updates if required by Chautauqua County. There is no septic/sewer system on property.

(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  Purchaser 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.  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 the following deposit of $5,000.00 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 Purchasers for any reason and therefore will be forfeited to the seller.

(7.)  The deposit 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  August 8, 2019. POSSESSION will be granted at closing.

 (9.)  The Seller shall furnish a WARRANTY DEED 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’ mineral and timber rights will be conveyed to the purchasers at time of closing.  Gas and oil rights have been retained by a previous owner.

(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.)  ALL PROPERTY TAXES will be PRORATED as of the CLOSING DATE.  

(12) Seller and/or Auctioneer reserve the right to cancel the auction for any reason prior to set auction date.

(13.) 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:   Chris H. and Annie J. Byler, Jr

                     1750 Fairbanks Road

                     Russell, Pennsylvania 16345

ATTORNEY:   Eades & Militello, P.C.

                         R. Timothy Eades

                         11 East Main St

                         Fredonia, New York  14063

                         716-672-2164

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

                       164 Ivory Street, Frewsburg, New York 14738

                       Telephone:  716-665-0668

                       E-mail: peteauction@hotmail.com   Web Site:  www.petersonauction.com 

PROPERTY DESCRIPTION 

Location: 5556 Dean Road, Stockton, New York 14784

TAX PARCEL NUMBER:    Section 196.00  Block 3  Lot 18.2.1

                                                Deed Book: 2016   Deed Page: 6961  Date: 11/14/2016  

FULL MARKET VALUE:   $ 74,300.00                                                

2019 TAXES:  Total: $ 1,834.96   School : $ 691.84

                                                       Town & County :  $ 1,143.48  

SCHOOL DISTRICT: Chautauqua Lake

ALL MEASUREMENTS ARE APPROXIMATE

LAND: 37 acres

HOUSE: 2008 1 ½ story (20’ x 40’), steel roof, wood siding

FULL BASEMENT: block walls (collapsing), concrete floor

ELECTRIC: none

HOT WATER TANK: none

HEAT: none

INSULATION: batts

WATER: 200’ well

WINDOWS: double pane

SEPTIC: none

Oil & Gas Rights: Have been retained by a previous owner and will not transfer

Mineral, Surface & Wind Rights: Will transfer to new owner

1st Floor (800 sq ft)

KITCHEN

DINING/LIVING ROOM

1^st BEDROOM

2^nd Floor (400 sq ft)

OPEN