Bankruptcy Auction
THE RESERVE AT PELICAN ISLAND
THE RESERVE AT PELICAN ISLAND
BANKRUPTCY AUCTION
A1A and Brown Pelican Way
Indian River County
Vero Beach, FL 32963
12:00 pm - Saturday, December 6
    Bankruptcy Court of the District of Maryland
    Paskor, LLC Case #13-21529 JFS

    BANKRUPTCY AUCTION

    "to be held on site"

    BUY ONE LOT OR BUY THE ENTIRE DEVELOPMENT

    The Reserve at Pelican Island

    Just North of The Windsor Community and South of Sebastian Inlet and across the road from Seaview. Pelican Island National Wildlife Refuge is the Western boundary of the property. A short walk to Treasure Shores Beach Park

  • 3.71 Acre Platted Subdivision
  • Intimate enclave of 10 "ready to build" sites that have City water & sewer & FPL electric
  • 2013 Taxes - $3261
  • Zoned RS-3 Single Family Homes

    CLICK TO VIEW IMAGES

    REAL ESTATE DEPOSIT REQUIREMENTS:
    A CASHIER’S CHECK ONLY DEPOSIT OF $25,000 for each lot OR $100,000 for the entire subdivision MADE PAYABLE TO AUCTION COMPANY OF AMERICA ESCROW ACCOUNT WILL BE REQUIRED ON THE DAY OF AUCTION TO REGISTER AND BID ON THE PROPERTY. An additional deposit in the form of a personal check to bring the total deposit to equal 10% of the Total Contract Price must be made on the Day of Auction. NO EXCEPTIONS PLEASE.

    REAL ESTATE CLOSING:
    Sold Subject to Court Approval. Balance of the purchase price is due at closing which shall be 30 days after approval.

    REAL ESTATE CONDITIONS:
    A 10% Buyer’s Premium will be added to the final bid and included in the contract price. The property will be sold in “AS-IS” condition. All information was derived from sources believed correct, but is not guaranteed. All property dimensions are only approximations. Buyers shall rely entirely on their own information, judgment and inspection of the property and records. All announcements made from the Auction block will take precedence over any previously printed material or any other statements made. The Auctioneer represents the Seller in this Real Estate transaction. Seller shall provide a copy of prior Title Insurance Policy or a Title Insurance Commitment. Seller will deliver property at closing ‘free and clear of liens and encumbrances’.
    Buyer will pay all closing costs.

    BROKER PARTICIPATION:
    Download the Broker Registration form from our website or Call: 305.573.1616 to request one.


Downloads
pdf/Platbook27page3-5.pdf

Plat Plan

pdf/Acoa-Real-Estate-Purchase-Agreement.pdf

Purchase Agreement

pdf/Title-Insurance.pdf

Title Insurance