TERMS AND CONDITIONS OF SALE
REAL PROPERTY LOCATED AT 7150 WEBBER ROAD, TOWN OF CHAUTAUQUA
COUNTY OF CHAUTAUQUA, STATE OF NEW YORK,
IDENTIFIED AS TAX PARCEL SECTION 313.00 BLOCK 1 LOT 33
WILL BE OFFERED FOR SALE AT PUBLIC AUCTION
MONDAY, JULY 19, 2021 BIDDING TO BEGIN AT 6:00 PM

The auction will be held on location at the property.
Preview will be on Thursday, July 15th from 4:30-6PM and Monday, July 19th from 4-6PM

Auction Parcel: (All Measurements Approximate)
1.1 +/- acres of land with 200' road frontage on Webber Road with a ranch style house. Zoned Family Residential.

(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 septic/sewer, water system, plumbing, heating, electrical, interior and exterior of all buildings, any fixtures, and the land. The Purchaser will pay for a Chautauqua County health department septic and water test at closing and will pay for any and all repairs or updates if required by Chautauqua County.
(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's 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 opening bid is $ 15,000.00. At end of auction, a Buyer's Premium of $ 1,500.00 will be added to highest bid to reflect the Total Purchase Price.
(5.) 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.
(6.) The successful high bidders will immediately sign a Contract for Sale of Real Property and will place a deposit of $ 5,000.00 in the form of cash or good check with Peterson Auction & Realty LLC to be held in their escrow account until closing.
(7.) 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.
(8.) 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.
(9.) The BALANCE will be due AT CLOSING, ON OR BEFORE September 19, 2021. POSSESSION will be granted at closing.
(10.) 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' oil, gas, mineral, & timber rights will be conveyed to the purchasers at time of closing.
(11.) CLOSING COSTS - The Seller will pay for the Title Search update. Purchaser's 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.
(12.) ALL PROPERTY TAXES will be PRORATED as of the CLOSING DATE.
(13.) Seller and/or Auctioneer reserve the right to cancel the auction for any reason prior to set auction date.
(14.) 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. HE 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: Douglas Fricke

BROKER: Michael W. Peterson, Broker, Peterson Auction and Realty LLC
164 Ivory Street, Frewsburg, New York 14738
Telephone: 716-665-0668 Fax: 716-661-9629
E-mail: peteauction@hotmail.com Web Site: www.petersonauction.com

 

Live Auction w/ Webcast Bidding Available

 

 

 

PROPERTY DESCRIPTIONS

Location: 7150 Webber Road, Sherman, New York  14781

 

ALL OF TAX PARCEL: Section  313.00  Block  1  Lot  33

                                         Deed Book  1952   Deed Page  369   Date  

FULL MARKET VALUE: $ 70,200.00

TOTAL TAXES  $ 1,138.75        County/Town  $ 745.36

                                                      School  $ 393.39 (Basic Star) 

 

SCHOOL DISTRICT: Chautauqua Lake 

LAND: Approx 1.1 acres 

HOUSE: 1969 Ranch style home, 1,100 sq ft living space, 2 bedroom, 1 bath, kitchen, living room, partial basement, hot air heat, sold “As Is”. Is in need of repair.