|General Information: PUBLIC AUCTION
VALUABLE REAL ESTATE & HOME
IN GEORGETOWN, DELAWARE
FRIDAY, AUGUST 18, 2006
Location: 20960 Rogers Avenue, Georgetown, Delaware 19947. From the Circle in Georgetown, travel East on Market Street for approx. 1.4 mile. Turn right onto Rogers Avenue. Home will be on right (Signs Posted).
Inspection: Wednesday, August 9 from 4:00 to 5:30 P.M. & Wednesday, August 16 from 4:00 to 5:30 P.M.
The property is identified on the Sussex County Tax Map in District 1-35 Map 15.00 Parcel 111.00 and is further described in Deed Book 1922 Page 272. The property consists of 0.22+/- Acres of land on Rogers Avenue and is improved by a 2 BR/1 BA home & detached single car garage. The home features a full attic, paved driveway, & private well & septic. The home produces approximately $600/month in rental income and is situated just off of Rt. 9 and just outside the town limits of Georgetown. This home would make a perfect starter home or investment property (Sussex County Annual Property Tax-$189.42).
Terms: $7,500.00 non-refundable down payment on day of sale in the form of Cash, Cashier’s, or Certified Check made payable to Jos. C. O’Neal & Sons with the balance to be paid in 45 days when a good & marketable deed will be given. Buyer & Seller will equally share all State & County transfer taxes. State and County and municipal taxes and assessments to be adjusted as of the date of sale. Buyer will be required to pay all costs of preparing and recording the deed. The property is being sold in “AS-IS” condition. Failure to comply with these Terms of Sale will cause the down payment paid on day of sale to be forfeited and the property will be resold at the buyer’s expense. A 5% buyer’s premium will be added to the final selling price. Seller(s) have the right to accept or reject any or all bids, but it is their intent to sell said property.