75' x 150' lot -  Cabin with Lake Rights

$15,000 Opening Bid

This property is in need of repair or rebuild

Some deed restrictions apply be sure to review attached deed

1/2 mile south of Chautauqua Institute

It is located across route 394 from the golf course.

Public Sewer & Drilled Water Well

Great opportunity to build your own little dream cabin on an existing grandfathered foundation. Town of Chautauqua tax jurisdiction. 

 TERMS AND CONDITIONS OF SALE

 Some deed restrictions apply be sure to review before auction

REAL PROPERTY LOCATED AT 

5991 HIDDEN VALLEY LANE, TOWN OF CHAUTAUQUA

COUNTY OF CHAUTAUQUA, STATE OF NEW YORK,  

IDENTIFIED AS ALL OF TAX PARCEL: SECTION 297.15  BLOCK 2 LOT 3 

WILL BE OFFERED FOR SALE AT PUBLIC AUCTION

ON SATURDAY, FEBRUARY 29, 2020. BIDDING TO BEGIN AT 4PM

The auction will be held on location at the property  

Open House Preview Sat Feb 22 4pm – 6pm

Auction Parcel: (All measurements & acreage is approximate)

A 75’ x 154’ lot with a single-story Ranch style home with 75’ of road frontage on Hidden Valley Lane.  

(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. The property is serviced by public sewer and private water well, Purchaser will pay for a Chautauqua County health department sewer 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. If a land survey is required or desired, it is the responsibility of Purchaser’s to order and pay for prior to closing.

(3.) Included in the sale of this parcel of land are deeded lake rights which include access to the lake front on tax parcel 250.15-2-10. Dock usage will be by separate lease agreement with owner of the dock and parcel 250.15-2-10.

(4.)  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. 

(5.)  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.

(6.)  The successful high bidders will immediately sign a Contract for Sale of Real Property and will place the following deposit of $ 5,000.00 in the form of cash or good check with Mike Peterson Auction & Realty Service to be held in their escrow account until closing.  

(7.)  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.

(8.)  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.

(9.)  The BALANCE will be due, and time is of the essence AT CLOSING, ON OR BEFORE April 10, 2020. POSSESSION will be granted at closing.

 (10.)  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.

(11.)  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.

(12.)  ALL PROPERTY TAXES will be PRORATED as of the CLOSING DATE.  

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

(14.) 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: Barbara J. Eichelberger

                 5991 Hidden Valley Lane

                 Chautauqua, New York 14722

ATTORNEY: Neil Robinson    716-484-4480

                        501 West 3^rd Street   Suite 1

                        Jamestown, New York 14701

BROKER:      Michael W. Peterson, Mike Peterson Auction and Realty Service 

                       164 Ivory Street, Frewsburg, New York 14738

                       Telephone:  716-665-0668             Fax:  716-661-9629

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

PROPERTY DESCRIPTIONS 

Location: 5991 Hidden Valley Lane, Chautauqua, New York 14722

TAX PARCEL NUMBER:    Section 297.15 Block 2 Lot 3  

                                    Deed Book: 2090    Deed Page:  148 Year Built: 1960                                                               

FULL MARKET VALUE:  $ 63,000.00

2019 TAXES:  Total: $1,217.32  T/C: $634.42  School: $582.90                  

SCHOOL DISTRICT: Chautauqua Lake

ALL MEASUREMENTS ARE APPROXIMATE 

House: 936 sq ft living space

1st Floor:

Porch: 13’ x 29’

Kitchen: 

Living Room: 

Dining Room:

Bathroom:

Bedroom:

Bedroom:

Bedroom:

Public Sewer

Private Water

Heat: Hot air, natural gas

Full Basement: