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REAL ESTATE AUCTION - Pacific Palisades, CA - SOLD!
SATURDAY, APRIL 20th, 2002, 1:00pm
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| Subject |
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Charming Pacific Palisades Residence |
Address
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742 Via De la Paz Pacific Palisades 90272 |
| Located |
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3 Blocks south of Sunset Blvd |
| Lot Size |
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50' x 150' level |
| Zoned |
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R-1 |
| Bedrooms- Baths |
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3 Bedrooms - 2 Baths |
| Sq. Ft |
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1,500 sq. ft ( +/-) |
| A.P.N. |
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4412-008-005 |
| Legal |
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Lot 8, Block 28, Tract 9300 |
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| TERMS OF AUCTION |
| Terms |
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Cash at close of Escrow. Buyer to obtain own financing if necessary. Not a contingency |
Auction
Deposit |
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$50,000.00 Cashiers Check required to bid
( No personal checks please) |
| Payable to |
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The Piatelli Co. Trust Account |
| Escrow Period |
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30 days ( 45 if necessary ) |
| Escrow Co |
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BST Escrow Santa Monica |
| Escrow costs |
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50% / 50% Buyer-Seller |
| Title Insurance |
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First American Title Co. |
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| As Is |
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The Property shall be sold " AS IS". Seller shall not provide any disclosure statements upon transfer of the residential property as required, pursuant to Civil Code Section 1102, since Seller is exempt from such requirements pursuant to Civil Code Section 1109.2 (d) |
Broker
Cooperation |
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Up to Two Percent (2%) commission will be paid to any California Licensed Broker who represents a successful buyer who registers prior to the auction and attends the auction with said buyer. |
| Auction Date |
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Saturday, April 20th 2002 1:00 P.M. On Site |
| Auction Site |
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742 Via De La Paz. Pacific Palisades, CA 90272 |
| Auction Time |
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1:00 P.M. |
| Deposit Receipt And Preliminary Title Report |
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Immediately at the conclusion of the auction the high bidder will be required to sign Auctioneers Deposit Receipt and approve the Preliminary Title Report in writing and no further Contingencies will be required to close escrow. |
| Good Title |
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Sellers Guarantee " Good Title " . Title will be Free and Clear of all Monetary Liens. And subject to all Existing Covenants, conditions, Restrictions, Rights of way, zoning and any assessments, if any ,of record. |
| Title Insurance |
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A Standard Policy of Title Insurance will be issued to the new buyer at no cost to the new buyer. |
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| Inspection |
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All prospective bidders are urged to inspect the property prior to the auction and before bidding. By registering at the auction each bidder acknowledges that he or she has concluded an independent inspection of the property and has an opinion of value based solely on such independent inspection and investigation. |
| Proceeds |
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By Order of the Margaret H. Jones Trust, the net proceeds are to be donated to: The UCLA Foundation to establish a Fellowship in Cerebral Palsy. |
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