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, below.
Auction
Deposit
To
obtain a bidding number, every bidder MUST present.
A
Cashier’s Check in the amount of $100,000.00
Made Payable to: The Piatelli Co Trust Account.
Drawn on a California Bank (No Personal Checks Please)
Terms
of Sale
All Cash at close of thirty ( 30 ) day escrow.
Buyer to
obtain own financing. Financing Is NOT a contingency.
Escrow
Escrow
will be at First American Title Company in Montecito
Escrow
Costs: Will be shared Fifty /Fifty (50/50) – Buyer &
Seller
Transfer
Fees: Will be shared Fifty/Fifty (50/%0) – Buyer and
Seller
CLTA
Policy To be paid for by Seller.
Title
Good
Title Guaranteed
Deposit
Receipt, Preliminary Title Report, and Other Reports
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.
Title
Insurance
First
American Title Company 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 of all Monetary Liens.
Policy
of Title Insurance to be paid for by SELLER.
All documents
will be available at the open houses and at Auctioneers Offices
for review prior to the auction.
As
Is
Property
is being SOLD “AS IS", just like every property sold
At Auction.
Inspection
The
seller has recently remodeled the kitchen, and Tented and
Fumigated for Termites. The home appears to be in Good Condition.
The Piatelli
Company invites serious prospective bidders to have their
Own inspection. To schedule an inspection prior to the auction,
call Auctioneers for appointment.
Broker
Cooperation
For
the past fifty (50) years we have encouraged all Brokers to
bring their Clients to any of our Auctions. We cooperate with
all licensed California Brokers. Call Auctioneer's Office
for details.
No commission
will be paid to a broker who is acting as a principal.
FACTS
& FIGURES
Location
3060
Hidden Valley Lane
Montecito, California 93108
Lot
Size / Home Size
3.5
Acres / 3,370 Sq. Ft
Bedrooms/Baths
3
Bedrooms, 3.5 Baths
Notables
Magnificent
Ocean & Mountain Views!
3
Car Attached Garage
2nd Buildable Site, with Meter
Just
Appraised for $3,200,000
APN
#
155-090-048
Auction
Date:Saturday,
March 31, 2007 at 11:00am
Auction
Location:On
Site
Open
House: Sundays, 1:00 to 4:00pm
Questions?
Call
Auctioneers with any questions you might have.
