Open House / Preview Monday Oct 14 4pm – 6pm

PROPERTY DESCRIPTION

 Location: 1509 Buffalo Street Extension, Jamestown  New York 14701

 TAX PARCEL NUMBER:    Section 389.00  Block 2  Lot 53 

                                     Deed Book: 2019   Deed Page: 5799  Date: 8/27/2019   

FULL MARKET VALUE:   $ 135,800.00   

TOTAL ACCESSED VALUE:  $ 110,000.00                                               

2019 TAXES:  Total: $ 3,839.50   School : $ 2,136.50 

                                                   Town & County :  $ 1,703.00    

SCHOOL DISTRICT: Falconer 

ALL MEASUREMENTS ARE APPROXIMATE 

LAND: 200’x 200’ square lot 

TWO LEVEL OFFICE BUILDING: 5000 sq ft building. It has 3,032 sq ft on first floor with a large open area, kitchen, bathrooms, and private offices. The lower level space has been used as a meeting room and a computer hub room. Has gas, electric, septic, and well.  Has central air and heat. Has blacktop parking lot. Small deck on front. Small porch on back.

TERMS AND CONDITIONS OF AUCTION

REAL PROPERTY LOCATED AT

1509 BUFFALO STREET EXTENSION, TOWN OF POLAND

COUNTY OF CHAUTAUQUA, STATE OF NEW YORK, 

IDENTIFIED AS TAX PARCEL: SECTION 389.00 BLOCK 2 LOT 53

WILL BE OFFERED FOR SALE AT PUBLIC AUCTION

ON THURSDAY, OCTOBER 17, 2019. BIDDING TO BEGIN AT 6:00 PM

 The auction will be held on location at the property

 Open House / Preview Monday Oct 14 4pm – 6pm

Auction Parcel: 

Approximately .92-acre square lot, 200’of road frontage on Buffalo Street Extension, a 5000 sq ft two level office building with blacktop parking lot. Zoned Rural Residential.

(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 existence of a septic/sewer system, water system, plumbing, heating, electrical, interior and exterior of all buildings, any fixtures, and the land. If required, the Purchaser will pay for a Chautauqua County health department 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.)  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 Sellers and District Attorney.  The Sellers reserves the right to accept or reject any and all bids, for any reason whatsoever.

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

(6.)  The deposit 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 deposit WILL be refunded in full to the Purchasers if the sale is not completed due to the default of the Sellers for any reason.

(8.)  The BALANCE will be due AT CLOSING, ON OR BEFORE December 17, 2019. 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 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:  Family Church of the Southern Tier Inc

                  3130 Garfield Road

                  Jamestown, New York  14701

ATTORNEY: Kristin Lee Yaw

                        24 East 3^rd Street

                        Jamestown, New York  14701

                        (716) 483-0756

BROKER:      Michael W. Peterson

                       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