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REAL
ESTATE AUCTION
- Pacific Palisades, CA - SOLD!
SATURDAY, APRIL 20th, 2002, 1:00pm
Click
Here For Acrobat PDF Version Of The Terms Of Auction
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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 |
|
R-1 |
| Bedrooms-
Baths |
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3
Bedrooms - 2 Baths |
| Sq.
Ft |
|
1,500
sq. ft ( +/-) |
| A.P.N. |
|
4412-008-005 |
| Legal |
|
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 |
|
The
Piatelli Co. Trust Account |
| Escrow
Period |
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30
days ( 45 if necessary ) |
| Escrow
Co |
|
BST
Escrow Santa Monica |
| Escrow
costs |
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50%
/ 50% Buyer-Seller |
| Title
Insurance |
|
First
American Title Co. |
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| As
Is |
|
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 |
|
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 |
|
Saturday,
April 20th 2002 1:00 P.M. On Site |
| Auction
Site |
|
742
Via De La Paz. Pacific Palisades, CA 90272 |
| Auction
Time |
|
1:00
P.M. |
| Deposit
Receipt And
Preliminary Title
Report |
|
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 |
|
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 |
|
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 |
|
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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| Article:
Palisadian-Post, 4/18/02 |
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