REAL ESTATE AUCTION
903 E. Lake Street
Peoria Heights, Illinois
Wednesday, September 14th, 2005
starting promptly at 6 p.m.
property open for inspection at 5 p.m.

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This 3-bedroom home features 1-1/2 baths.  The home needs work and is being sold in an “as is” condition.

Features of the home include:

· 1,376 square feet of living area

· main floor laundry

· recent new furnace and central air

· recent new electric service

· recent new drive-thru 1-1/2 car garage 

2004 Real Estate Taxes: $167.94 (taxes reflect a senior assessment freeze)

Tax I.D.: 14-22-358-021

Lot Size: 80’ x 125’
 

Terms of Sale:  A 10% earnest money deposit will be required on day of sale, and the balance will be due in cash or guaranteed funds at closing on or before October 15, 2005.  Title will be conveyed by Executor’s deed, subject to all restrictions, reservations, easements of record, and zoning laws, but free of encumbrances except for taxes for 2005. Sellers will furnish a guaranty title policy in the amount of the purchase price. Taxes will be prorated to date of closing. Possession will be at closing. The successful bidder will enter into a contract of purchase at the auction sale. The contract will not be contingent upon financing. A copy of the sales contract will be posted on the premises for review before the auction sale. The sale is subject to the immediate confirmation of the Sellers. The properties are being sold in an "as is" condition. Any announcements made day of sale will take precedence over prior advertising and printed matter.

Inspection:  The property will be open for inspection on Tuesday, August 30th, from 4 to 6pm, and Thursday, September 1, from 4 to 6 pm.  The home will also be open one hour before sale time.

If you have any questions, please call Joe Cotten at 686-0558 anytime.

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Cotten Commercial Auctioneers, Inc.
Illinois License #044000115