Real Estate Auction

Selling to Settle Estate

Former Beef Farm

147 Acres w/ older house, 2 pole buildings

147 Total acres: 82 acres tillible, 60 acres wooded, 5 acres homestead

Open House Preview:

Friday May 15, 4pm - 6 pm

This will be held as a Live Onsite Auction with online bidding availible

TERMS AND CONDITIONS OF SALE

REAL PROPERTY LOCATED AT 

5819 WRIGHT ROAD, TOWN OF CHAUTAUQUA

COUNTY OF CHAUTAUQUA, STATE OF NEW YORK,  

IDENTIFIED AS: ALL OF TAX PARCEL: SECTION 263.00  BLOCK 1 LOTS 3 & 4

                ALL OF TAX PARCEL: SECTION 247.00 BLOCK 1 LOT 46

WILL BE OFFERED FOR SALE AT PUBLIC AUCTION

ON MONDAY, MAY 18, 2020. BIDDING TO BEGIN AT 6 PM

The auction will be held live on location at the property with online bidding available 

WILL BE OFFERED AS TWO AUCTION LOTS / THEN COMBINED AND OFFERED AS ONE

Open House Preview: 

Friday May 15, 4pm - 6 pm

Auction Parcels: (All measurements & acreage is approximate)

Lot #1: 80.5 +/- Acres, House, Storage Shed, building across road 

All of Tax Parcel 263.00-1-4:   6+/- acres with 1326' road frontage on Wright Road with a house and garage  

All of Tax Parcel 247.00-1-46:   1 +/- acres of land with 560’ of road frontage on Wright Road with a barn 

Part of Tax Parcel 263.00-1-3:   73.5 +/- acres of land with a pole barn

Lot #2: 66.5 +/- Acres, Pole building, Pond 

Part of Tax Parcel 263.00-1-3:  66.5+/- acres of land with 1140’ of road frontage on Wright Road with a pole barn, pond, gas well and free gas allotment. 

Lot # 3: Total 147 +/- Acres and all buildings

Both auction lots will be offered together with an opening bid of $5,000 more than individual lots final bids combined. 

(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. For Lot #1, 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. A land survey is required and will be 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 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.

(5.)  The successful high bidder will immediately sign a Contract for Sale of Real Property and will place the following deposit of $7,500.00 per lot in the form of cash or good check with Peterson Auction & Realty LLC to be held in their escrow account until closing. 

(6.)  The deposits 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.

(7.)  The deposits WILL be refunded in full to the Purchasers if the sale is not completed due to the default of the Seller for any reason.

(8.)  The BALANCE will be due AT CLOSING, ON OR BEFORE July 18, 2020. POSSESSION will be granted at closing.

 (9.)  The Seller shall furnish an INSURABLE TITLE 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.

(10.)  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.

(11.)  ALL PROPERTY TAXES will be APPORTIONED and PRORATED as of the CLOSING DATE.  

(12.)  Seller and/or Auctioneer reserve the right to cancel the auction for any reason prior to set auction date.

(13.) 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.

     THE 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: Estate of David W. Parker/ Katherine E. Parker 

                 5615 Meadows Road 

                 Dewittville, New York  14728 

ATTORNEY: Crandall G. Nyweide 

                        PO Box 369 

                        8761 W. Main Street 

                        Clymer, New York  14724 

                        716-355-2740

BROKER:      Michael W. Peterson, Peterson Auction & Realty LLC 

                       164 Ivory Street, Frewsburg, New York 14738 

                       Telephone:  716-665-0668 

                       E-mail: peteauction@hotmail.com   Web Site:  www.petersonauction.com

PROPERTY DESCRIPTIONS 

Location: 5819 Wright Road, Dewittville, New York 14728 

TAX PARCEL NUMBERS:    Section 263.00  Block 1  Lot  3 & 4 

                                                  Section 247.00  Block 1  Lot 46

TAX ASSESMENT FULL MARKET VALUE:  Section 263.00-1-3   $ 74,800.00

                                                          Section 263.00-1-4   $53,900.00

                                                          Section 247.00-1-46 $ 12,500.00

2019 TAXES:  Total $ 2,616.05 

263.00-1-3   Total: $ 1,403.41  T/C: $725.55  School: $677.86 

263.00-1-4   Total: $ 1,031.62  T/C: $533.33  School: $498.29 

247.00-1-46 Total: $    181.02  T/C: $  93.58  School: $87.40 

SCHOOL DISTRICT: Chautauqua Lake 

TIMBER RIGHTS: Will transfer with property 

GAS, OIL, MINERAL RIGHTS: Will transfer with property, gas rights currently leased. 

ALL MEASUREMENTS ARE APPROXIMATE  

Lot # 1: 

80.5 +/- Acres and house barn (5 +/- acres homestead, 31 +/- acres woods, 44.5 +/- acres open land) 

House: 1900’s 1323 sq ft, two story house, 18’ x 24’ attached garage, 2 bedroom, 1 bath, forced air natural gas heat. House is in need of extensive repairs and updating. 

Barn: condition is poor 

Lot # 2: 

66.5 +/- Acres with pole barn, pond and gas well (31 +/- acres woods, 35.5 +/- acres open land) 

Pole Building: 40’ x 60’