Sealed Bid Auction!
Beautiful Mt. Helix!

4570 & 4566 Conrad Drive
La Mesa, California

SEALED BIDS due Wednesday, October 26
by 5 pm.

Property Previews:
Sundays Oct 16 & 23
1-4 pm

Attention:
Investors! Contractors! Developers! Houseowners!

Seller is retiring and leaving the country!

Both lots being sold as a package. 1960 sf home, 3 bedroom, 2 1/2 bath, with pool, on 1/2 acre. Adjacent 2/3 acre parcel.

Don't miss this opportunity, where you, the buyer, sets the selling price!

Call for details:
Ron Blake, 858-755-1916
Pacific Auction Exchange of San Diego
Or Click here to visit our CONTACT page!

Table of Contents for Bidder’s Due Diligence Packages:

• Bid Package Receipt
• Auction Purchase Agreement
• (a)Sealed Bid Terms of Sale/(b)Brochure
• Property Description
• Preliminary  Title Report
• Transfer Disclosure Statement
• Pest Inspection Report
• Natural Hazard Disclosures
• Lead Based Paint Disclosure Form
• Smoke Detector Statement of Compliance
• Water Heater Statement of Compliance
• Supplemental Statutory Disclosure
• Minor Grading Plan
• Planner’s Correction Lists (4570 & 4566)
• County Fee Statements (3)
• Geotechnical Report
• Fees Invested Letter/Statement
• Address Assignment
• Parcel Map
• Parcel Drawing with structures as they lie
• “As builts” of existing structures
• Proposed Site Plan
• Aerial Photo
• Plot Plan
• Tenant Property List/reinstallation letter
• Lease Agreement/Rental Increase Letters
• Combined Hazards Book/signed form

Sealed Bid Terms of Sale
BID RULES:
• All Sealed Bids must be received by 5:00 p.m. Pacific Time on Wednesday, October 26, 2005 (the “Submission Deadline”), at the Pacific Auction Exchange of San Diego, 13278 Luckett Ct, San Diego, CA 92130. All bids must have a complete return address on the outside of the envelope. All bidders must also submit a signed and completed “Bid Package Receipt” form. All bids are irrevocable until 5:00 p.m. Pacific Time on Friday, October 28, 2005.
• You must submit your bid on the approved, Pacific Auction Exchange Auction Purchase Agreement available in the Bidder’s Package. Altering the Auction Purchase Agreement in any way may cause your bid to be disqualified.
• The bid must include a cashier's check in the amount of Forty Thousand dollars ($40,000.00) as initial earnest money made payable to: Pacific Auction Exchange, Inc, Trust Account.
• A premium equal to ten percent (10%) of the winning bid will be added to the winning bid and placed in the final Auction Purchase Agreement to determine the total purchase price.
• The earnest money must be increased by the winning bidder to ten percent (10%) of the total purchase price by personal or business check (NON-REFUNDABLE) immediately after he/she has been declared the buyer.
• Seller will consider ALL bids. Seller has set a published reserve price of $790,000. Seller is obligated to accept the highest conforming bid at or above the minimum. If two or more bids are determined to be equal in price then Pacific Auction Exchange reserves the right to request a Best and Final Bid from those bidders.
INFORMATION AVAILABLE: A Bidder’s Due Diligence Package is available for potential purchasers. The contents include: Preliminary Title Report, Structural Pest Control Report, Transfer Disclosure Statement, Minor Grading Plan and many other pertinent disclosures. Call or visit our website for a table of contents and/or to request a package.
CLOSING: Closing will take place on or before Monday, November 28th, 2005 as specified in the Auction Purchase Agreement. A Grant Deed will be supplied by the seller at the seller’s expense, giving marketable title subject to restrictions of record. Taxes are prorated.
PROPERTY INSPECTION: Preview of the property is essential. The property is being sold for all cash, on an "AS-IS, WHERE-IS" basis, with no contingencies. Property will be sold subject to easements, restrictions, zoning and other matters of record. Your inspection, including your agents’ and consultants’ inspection of the property, must be completed prior to your submittal of the bid. For additional terms of sale, see the Auction Purchase Agreement, available upon request.
CONDUCT OF AUCTION: Conduct of the auction is at the discretion of The Pacific Auction Exchange.
BROKER PARTICIPATION INVITED: Subject to Pacific Auction Exchange guidelines. A licensed real estate broker whose prospect pays and closes on the property will be eligible for a 2% (of the winning bid) fee. Call for details. All information in this brochure was derived from sources believed to be, correct, but is not guaranteed. The information contained in this brochure is subject to inspection and verification by all parties relying on it. It is the buyer’s responsibility to verify all property specifications prior to the auction. The seller or its agents assume no liability for its inaccuracy, errors or omissions. ALL ACREAGE, DIMENSIONS, TAXES AND PROPERTY MEASUREMENTS IN THIS WEB SITE ARE APPROXIMATE. This listing may be withdrawn or modified without notice at any time. PAX is an agent of the seller.