|General Information: PUBLIC AUCTION
VALUABLE REAL ESTATE CONSISTING OF 3 LARGE COUNTRY LOTS IN GREENWOOD, DELAWARE
Location: Shirleys Road, Greenwood, Delaware 19950. From U.S. Rt. 13 in Bridgeville, travel west on Newton Road (at the old State Police barracks) for approx. 2 miles. Turn right onto Del. Rt. 404 and travel for approx. 2.9 miles. Turn right onto Tull Road and travel for approx. 0.4 miles. Turn right onto Shirleys Road and travel for approx. 0.4 miles. Properties will be on left (Signs Posted).
SATURDAY, JUNE 21, 2008
Inspection: Tuesday, June 10 from 4:00 to 5:30 P.M.
Sunday, June 15 from 2:00 to 3:30 P.M.
Interested Bidders are encouraged to inspect the properties anytime during daylight hours
Lot #1 consists of 5.44+/- Acres of cleared land with approx. 182 ft. of frontage along Shirleys Road. The lot is identified on the Sussex County Tax Map as 5-30-12.00-35.11 and is further described in Plot Book 113 Page 197. The lot has a site evaluation for a low-pressure pipe (LPP) with capping fill treatment and disposal system.
Lot #2 consists of 4.0+/- Acres of wooded land with approx. 150 ft. of frontage along Shirleys Road. The lot is identified on the Sussex County Tax Map as 5-30-12.00-35.13 and is further described in Plot Book 120 Page 167. The lot has no site evaluation.
Lot #3 consists of 3.91+/- Acres of wooded land with approx. 150 ft. of frontage along Shirleys Road. The lot is identified on the Sussex County Tax Map as 5-30-12.00-35.12 and is further described in Plot Book 120 Page 167. The lot has no site evaluation. This lot lies just east of adjacent Lot #2.
Order of Sale: Lot #1 will be offered individually. Lot #2 and Lot #3 will then be offered individually with their bids being reserved. Lot #2 and Lot #3 will then be offered together and sold whichever way produces the highest bid.
Terms: Lot #1: $7,500.00 down payment in the form of Cash, Certified Check, or Cashier's Check made payable to Jos. C. O'Neal, Inc. Lot #2 & Lot #3: $5,000.00 down payment for each lot 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 3% 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.