“2 Family Home Easily Converted to 3 Family”

Investment Real Estate & Personal Property Auction!

Saturday, October 1, 2011 at 10 AM
Preview Begins at 9 AM

Auction On-Site: 5 Elm St; McGraw, NY 13101 (Cortland County)(Village of McGraw)

* For the Clair & Bernice Lanphert Trust *

Legal 3 Family Home that is set up as a 2 Family w/ Barn on WONDERFUL LOT! A potential 3- family / 2 -family or single family home. Numerous possibilities. Property has been in the family since 1946!

Directions: From the center of McGraw, NY at Main St.: take South St.(.2) miles to RIGHT on Elm St. Go (.1) miles to Auction on RIGHT.

Sale Order: Real Estate & then Personal Property.

Real Estate Open House: Tuesday September 27 from 4:30 – 6:00 PM & 1 hour prior to auction or by appointment. Walk the lot at your convenience.

Real Estate: A structurally sound 2- story old style 1864 rentable SQFTLA home w/ 4 BR’s & 3 baths & 2 Kitchens. Set up as a 2 family currently, but a potential 3 family w/ 3 furnaces and a 2 car garage/work shop. Zoned 3 Family w/ Full basement, 2 covered porches, attic, wood sided, gravel driveway & shed area. (2) 2 BR units or (2) 1 BR units & (1) 2 BR unit. Located ON a 88’x 210’ lot w/ 88’ of road frontage w/ low maintenance costs! A nice investment property to own! Sells w/ all appliances included!

• See Photos
• Request a Bidder Packet

HOME:

Unit 1: front and side entrances
Kitchen: Linoleum floor, double SS sink, raised oak cabinets, island area w/ stove & vent, tile back splash, garden window, Formica counters, newer whirlpool refrigerator & dishwasher. Dining Room: Lin. Floor w/ chandelier, picture window & wedgewood paneling. Living Room: Very cozy, carpeted, wedgewood paneling & ceiling fan. Family Room: Very cozy, carpeted, cupola style windows, front entrance, built in book case, elec. fireplace, wedgewood paneling, utility closet and spacious. Master BR 1 down: carpeted, spacious and 3 large clothes closets. BR 2 up: carpeted and 2 clothes closets. Full Bathroom: shower w/ sink, toilet & carpeted. Pantry/Laundry Room: laundry hook-ups, w/ washer & dryer in place, lin. Floor, wedgewood paneling, storage shelves & bi- fold wooden doors. ½ Bathroom/washroom: sink, toilet, linen cabinets & lin floor.

Unit 2: side stairway upper entrance
Kitchen: eat in w/ Linoleum floor, double SS sink, raised cabinets, stove, wedgewood paneling, utility closet & side entrance. Family Room: Very cozy, carpeted, cupola style windows & wedgewood paneling. Master BR 1: huge, wedge wood paneling and access to ½ bath. BR 2: Huge, carpeted and full clothes closet. Full Bathroom: lin floor, bath tub/ shower w/ sink & toilet. ½ Bathroom/ washroom: sink, toilet, med. cabinet & lin floor.

Basement: dirt floor, stone & concrete block foundation, 2 elec. meters, 2 40 gallon hot water tanks, 3 furnaces, 3 fuse boxes, walk out doors & plentiful storage.

Detached 2 CAR GARAGE/work shop area: 24’ x 16’ w/ 1 overhead door & 2 sliding doors, concrete floor, footers, wood siding, above storage and asphalt roof.

Detached shed: 12’ x 10’ w/ concrete floor, wood siding, above storage, heated and asphalt roof.

Tax map #: (88.19-01-55.000) Built in 1890 w/ 1864 total rentable SFLA, total assessed @ $77,500, property class= 3 family, McGraw Central school district, 2011 Taxes based on 100% w/ no exemptions. Exemptions may apply to new owner: School: $1,410 w/ out exemption; County/Town/Village:$ $1233 w/ no exemptions. TOTAL TAXES: $2,643.50.

Sells w/ public water, public sewer, good roof, nice private back yard, nice landscaping, sidewalks, forced air heat, lots of parking, gas & electric utilities. The Property is currently empty awaiting new owner(s).

Zogg Brothers Note: An outstanding opportunity to buy an investment property ! INVEST IN REAL ESTATE, you will be glad you did! Just add a Kitchen & a bath tub and you're possibly renting 3 units, or rent it as a 2 family home or convert the whole home to a single family! Property has been in the family for 65 years! Peaceful quiet neighborhood. Come and bid your price the AUCTION WAY!

Standard Real Estate Auction Terms: 10% Buyer’s Premium added to final bid to equal the Total Purchase Price. 10% down on day of auction, with the remainder due at closing within 60 days. Time is of the essence. Warranty Deed. Property sells “As Is, Where Is”. All tests required must be done prior to auction day. All statements at auction take precedence over printed material. Real estate to be sold free & clear with NO liens, NO back mortgages & NO back taxes owed! 2.5% BROKER PARTICIPATION INVITED! Buyer/ Broker’s must register before scheduled open house and have the required form submitted w/ broker, auctioneer & client signatures. Auctioneer agency represents only the sellers. Lead paint may exist.

Personal Property to be auctioned absolutely, regardless of price, immediately following the sale of the Real Estate to include:

TOOLS & MISC: Homemade 6’x3’ box trailer; lawn wagon; aluminum ladder; craftsman table saw; Andirons, Yale safe w/ combo; sanders; hardware; saws; wrenches; socket sets; grinder; jack, tools, work benches & step ladder.

FURNITURE & MISC. PERSONAL PROPERTY: Vintage Lionel train pieces w/ track; (rare collection of 20+/- 1920’s & 1930’s NYS license plates); Vintage mobile 1 tractor trailer; vintage toboggan sled; Vintage wagon train lunch box; toy chest; tournarocker toy dump truck; bell collection; old photo; vintage Alice in wonderland stand ups; electric fireplace; treadmill; old sewing mach.; woodworkers goods; 10 - speed bike; Old round oak kitchen table; Cherry stool; cherry record cabinet; (cherry BR set w/ dresser- double bed & end table); pine book cases; pine TV stand; maple mag. Stand; rocker chairs; pine 6 drawer dresser; (Vintage camera’s including: Bell & Howell; Brownie; Hawkey; Kodak; Tower 127 & Argus); Kodak movie projector; Tellar 7 x 50 binocular; Regulator Clock; Liberty bell ant. bottle; kla ham rd 43-18 stoneware bowl; Avon items; picture frames; elec. lazy boy chair; books; Resistol hat; straw hats; humidifier; Cassette tapes; spoon collections; Royal Copenhagen plate collection; Bossons collector plates; blue glass; Pyrex; household goods & much, much more!

Standard Personal Property Terms: Cash, check, Visa & MasterCard accepted. 13% buyer’s premium w/ 3% fee waived for cash or good check. All items sold “As Is, Where Is”, absolutely, regardless of price! Driver’s license required for bid number. All statements at auction take precedence over printed material. Subject to errors and omissions.