|General Information: PUBLIC AUCTION
VALUABLE REAL ESTATE W/ROWHOUSE IN
Location: 1540 N. Van Buren St., Wilmington, DE 19806. Traveling on I-95 North in Wilmington, take Exit 7-Del. Rt. 52/Delaware Ave. Merge onto N. Adams St. and turn left onto W. 10th St. Turn right onto N. Van Buren St. and travel for 0.4 mile. Property will be on right (Sign Posted).
FRIDAY, AUGUST 3, 2007
Preview: Tuesday, July 24 from 4:00 to 5:30 P.M.
Sunday, July 29 from 2:00 to 3:30 P.M.
The property is identified on the New Castle County tax map as District 26 Map 21.30 Parcel 53 (2602130053) and consists of approx. 1,201 sq. ft. of land improved with a two-story brick 2 BR/1.5 BA rowhouse with full basement and back yard. The first floor of the home features a spacious living room with hardwood floor, recessed lighting, and gas/electric fireplace, diningroom, kitchen, and half bathroom. The second level of the home features 2 bedrooms with recessed lighting, ceiling fans and ample closet space, computer room, and full bathroom with Jacuzzi tub/shower. The home has been completely updated and remodeled. The home features central air, gas heat, municipal utilities, as well as a complete surveillance system with cameras at the front and back entrances. (NCC school & property tax- $617.11)
The property is located just off I-95 in the beautiful Happy Valley neighborhood of Wilmington, just west of the Brandywine River and Brandywine Park. If your in the market for a beautiful home in Wilmington, do not miss this auction!
Terms: $15,000.00 down payment in the form of Cash, Certified Check, or Cashier's Check made payable to Jos. C. O'Neal, Inc.. Balance to be paid within 45 days when a good and marketable deed will be given. Credit portion to bear interest at the rate of 0% per annum from the date of sale to date of settlement, and to be secured to the satisfaction of the undersigned, or to pay the full purchase price at the time of sale, at the option of the Purchaser. If not settled within 45 days, interest shall be charged at the rate of 10% per annum from the date of sale to the date of settlement. In the event settlement does not occur within 65 days of the sale, the property shall be considered forfeited and resold at the expense and risk of the Purchaser. Time is of the essence. State, County, and Municipal taxes and assessments to be adjusted as of the date of the sale. Purchaser & Seller will equally share all State & County transfer taxes. All title papers, documentary stamps, recording costs and any and all other costs which shall be deemed necessary to transfer the title of the property and put the deed on record shall be at the expense of the Purchaser. In the event a good & marketable title cannot be delivered the Seller(s) shall have 90 days to correct the flaw. If the flaw is not corrected the only recourse of the Purchaser shall be the return of the down payment and the Seller and the Auctioneer shall be held harmless. If the improvements on the property were built before 1976, they may contain lead paint. Purchaser may conduct a lead paint test at their expense prior to the sale. This property is being sold in "AS IS" condition. Neither the Sellers nor the Auctioneer shall accept any responsibility for any Municipal, State or Federal Environmental Violations. To our knowledge none exist at this time. A 5% Buyer’s Premium will be charged on the final selling price. Seller reserves the right to accept or reject any or all bids, but it is their intent to sell said property. Broker Participation invited. Brokers must have clients registered 24 hours prior to auction. Contact our office for complete details.