|General Information: PUBLIC AUCTION
VALUABLE REAL ESTATE CONSISTING OF
3 BR/1 BA HOME ON LARGE 0.78+/- ACRE LOT
IN GEORGETOWN, DELAWARE
From the Estate of Mary Jane Wells Marvel
Location: 516 E. Market Street, Georgetown, Delaware 19947. At the intersection of U.S. Rt. 113 (DuPont Highway) and Del. Rt. 9 in Georgetown, travel east on Rt. 9 (W. Market Street) through Georgetown for approx. 0.9 mile to the Circle. At the Circle, take the second exit onto E. Market Street and travel for approx. 0.6 mile. Property will be on right (Sign Posted).
Friday, September 14, 2007
Preview: Tuesday, September 4 from 4:00 to 5:00 P.M.
Sunday, September 9 from 2:00 to 3:00 P.M.
The property is identified on the Sussex County Tax Map as District 1-35 Map 15.17 Parcel 126.00 and consists of approx. 0.78+/- Acres of land located on the southerly side of E. Market Street (Del. Rt. 9) improved with a two-story 3 BR/1 BA home with a wrap-around porch. The first floor of the home features a large kitchen/dinette area, laundry room, Florida room, diningroom, and livingroom. The second floor of the home features 3 bedrooms and a bathroom. The home has hardwood floors throughout, ample closet space, oil heat, and cedar shake siding. The property is also improved with a detached single car garage and features a back yard and a rear yard separated by a tree buffer. The rear yard consists of approx. 0.44+/- acres. The property is situated in the town limits of Georgetown with municipal utilities, water, & sewer and is zoned UB-2 (Neighborhood Business).
The property is ideally located on the eastern side of Georgetown, only 0.6 mile from the Circle on Del. Rt. 9, and is zoned for residential or business use. If you’ve been looking for a home on a large country lot with the convenience of municipal services, or if you’ve been looking to relocate your growing business, 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.