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REAL
ESTATE AUCTION
11861
Ellice St. (Unit # F ) Malibu (Ventura Co.), CA 90265
One (1) Block North of Pacific Coast Highway
Spectacular
West Malibu (Ventura County)
Location.
One of the most storried surf spots in the world
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Auction
Date:
Sunday,
February 13th , 2005 11;00 A.M. PST |
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Auction
Location: On
Site
11861
Ellice St. (Unit # F ) Malibu (Ventura Co.), CA 90265 |
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Open
Houses:
Every
Saturday from 11:00 A.M. to 4:00 P.M. |
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| Click
Here For Acrobat PDF Version Of The Terms Of Auction |
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| FACTS
AND FIGURES |
| Location |
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Spectacular
West Malibu (Ventura County)
location.
One of the most storried surf spots in the world. |
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| Bedrooms/Baths |
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2
Bedrooms , 1-1/2 Baths |
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| Square
Feet |
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1,000
sq.ft. (+/-) |
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| APN
# |
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700-0-110-475 |
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| Legal |
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Tract
363500 Lot 1, Ref 99 MR 62 Unit #3 |
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| Parking |
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One (1) car garage and One
(1) off-street parking |
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Home
Owners
Association Dues |
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Only $155.00 per month.
Six
(6) Townhouses in Building. |
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| TERMS AND CONDITIONS OF AUCTION |
If
you care to be a spectator only, you are more than welcome. If
you intend to be an active bidder please note Auction
Deposit Requirements .
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| Auction
Deposit |
| To
obtain a bidding number, every bidder MUST present a Cashier’s
Check in the amount of $50,000.00 drawn on a California
Bank, and made payable to: The Piatelli Company, Trust
Account
(No Personal Checks Please)
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| Terms
of Sale |
All Cash at close of thirty ( 30 ) day escrow
Buyer to obtain own financing.
Financing Is NOT a contingency. |
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| Escrow |
Beverly
Hills Escrow , 118 So. Beverly Drive, Beverly Hills,CA 90212
will convey the Grant Deed.
Escrow cost will
be shared Fifty/Fifty (50/50) between Buyer and Seller.
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Title
Insurance
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First American Title will issue a Standard Policy
of Title Insurance
to the new buyer in the amount of the high bid insuring the
property
to be free and clear of all Monetary Liens , to be paid for
by Seller. |
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| As
Is |
As
in all auctions, this property is being sold “ AS
IS “ with only a
Guarantee of GOOD TITLE.Any
serious prospective bidder is invited to have their inspectors
make an inspection of the premises.
Call
auctioneers for appointment.
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| Deposit
Receipt and Preliminary Title Report |
Immediately
at the conclusion of the auction, the High Bidder will be required
to sign and approve the Deposit Receipt and Preliminary
Title Report and no further instructions will be
necessary
to close escrow.
All Documents ( Deposit Receipt and Title Report ) will
be available at open houses and auctioneers offices for review
before the auction.
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| Broker
Cooperation |
For the past 40 years, we have
encouraged all Brokers to bring their
Clients to any of our auctions.
Two and a Half
Percent ( 2-1/2 %) commission will be paid to the Licensed
California Broker who represents the successful buyer,
who MUST register the buyer at least 48 hours prior to the
auction
and MUST attend the auction with the buyer.
A broker cannot
act as a principal and a broker
on the same transaction.
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| Buyer's
Premium |
A Six
Percent (6%) Buyers Premium will be added to the
High Bid.
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| Questions |
| Call Auctioneers with any questions you might
have.
THE PIATELLI COMPANY
Real Estate Auctioneers in Los Angeles
for over Half a Century
OFFICE PHONE 310-440-8881
FAX 310-440-8895
Fred Havens ( Cell ) 310-922-4650
email: fred@piatelli.com
Mario
Piatelli (Cell) 310-228-8543
email: mario@piatelli.com
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