2003 Past Auction: May 30, 2003 Real Estate Auction

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By Order Of US Bankruptcy Court
Real Estate Auction

10AM - FRIDAY - MAY 30
Preview by appointment only
Cascade Ave. & Squilchuck Road
Wenatchee, WA

Past Auction - held in 2003

PROPERTY DESCRIPTIONS

CASCADE AVE

Located near WA-Hwy 97 and the Columbia River in Wenatchee, WA, there are three parcels on 34.83 acres which have the potential for subdivision. The property has been zoned AC-5, commercial agricultural, by Douglas County. Some of the lots have a view of the Columbia River while another parcel has up to 600 ft frontage on the Columbia River. The zoning allows up to one residential dwelling per lot or one duplex per lot and has potential for eight mini farm lots. There is a 746 sq/ft home on one of the 4.35 lots w/ 2 bedrooms and 1 bath.
DOUGLAS COUNTY PARCELS: 78000002200, 78000002600, 23201510001.

SQUILCHUCK ROAD

The property is located near Squilchuck Road and Wenatchee Heights Road in Wenatchee, WA. There is 157.14 acres zoned Rural Residential 20 in the north of section 9, and Rural Residential 10 in section 4. A portion of the propert is zoned RR2.5. There are eleven residential parcels available. Section 4 is near the Whispering Ridge subdivision on the east end with frontage on Squilchuck Road. There are rolling hills with some trees and a stream. Section 9 is on the eastside of the property with a canyon at the bottom and lots of tree cover.
CHELAN COUNTY PARCELS: 212009210100, 212009300100, 212004340000.

TERMS & CONDITIONS OF SALE

10% Buyer's Premium
The properties will be sold subject to confirmation. By order of the United States Bankruptcy Court, Old West Annuity Life Insurance Company has the right to participate in the auction as a bidder to make a credit bid. The properties will be sold free and clear of all liens with the exception of outstanding property taxes.
Bidders must display a $10,000 cashier's check or certified check payable to Transnation Title Insurance Co., at the time of registration.
The winning bidder will be required to deliver to the auctioneer the $10,000 cashier's check or certified check as earnest money deposit and execute the Purchase and Sales Agreement immediately upon award of bid.
Closing must occur within 45 days of the auction date. Final payment must be made by assured funds.
Property is sold on an "AS IS" cash basis.
The James G. Murphy Company makes no warranties expressed or implied or representations of any kind concerning the property, including but not limited to the title or physical condition of the property.
It is the responsibility of the buyer to inspect the property prior to the sale and satisfy himself or herself as to its condition, value and fitness for intended purpose.
All real and personal property is sold in "AS IS" condition with no warranties by seller or auctioneer expressed or implied. The buyer is entitled to rely soley on his or her own inspections and evaluations, and not on any representations from seller or auctioneer.

BROKER PARTICIPATION

A 1.0% commission will be paid by James G. Murphy Inc., the auctioneer, to the licensed broker whose prospect pays for and settles the property in this auction. To qualify for the commission, the licensed broker or salesperson must register his/her client on a broker participation form and must register with the prospect.
A broker participation form can be obtained from the James G. Murphy Company. For more information call (425) 486-1246.
Registration forms must be received by 5PM, Tuesday, May 27.

AUCTION INFORMATION

Both properties will be offered as two lots, Cascade Ave & Squilchuck Road, on Friday, May 30, 2003, at 10am, at the Cascade Ave property. The James G Murphy Co. reserves the right to sell both properties as a combined bid package at the time of auction.
Preview of the property is by appointment only. For more information, including Bidder Packets and location directions, call (425) 486-1246.

James G. Murphy Co.
Commercial / Industrial / Real Estate Auctioneers
P.O. Box 82160 - 18226 - 68th Ave. N.E.
Kenmore, Washington 98028
(425) 486-1246 or Toll Free 1-800-426-3008
Fax: (425) 483-8247

Oregon address & phone:
105 McNary Estates Dr. N
Keizer, OR 97303
phone: (503) 463-4444
fax: (503) 463-1554