Large Public Real Estate Auction

1373 Monomoy · Aurora, Illinois 60506
Directions: In Aurora, take Galena Blvd. to Randall Rd., turn north, go to Monomoy St., turn right.
Sunday| March 28 | 2010
1:00 PM
ON LOCATION: Auction held in Community Hall Building; 1373 Monomoy
3 Townhouses and 43 Condos - Investment Property

TOWNHOUSES :

single floor plans, 1st and 2nd floor units, equipped with eat in kitchens, living room with walk out patios - 1st floor or walk out 2nd floor decks or balconies with ornamental    spindal railings - metal, 2 bedrooms, full bath, carpet and ceramic floors, electric baseboard heating, community hot water, washer and dryer, full basement for tenant/owner use and storage, several units are equipped with appliances.

CONDOS :

single floor plans, 1st and 2nd floor units, equipped with eat in kitchens, living room with walk out patios - 1st floor or walk out 2nd floor decks or balconies with ornamental spindal railings - metal, 2 bedrooms, full bath, carpet and ceramic floors, electric baseboard heating, community hot water, washer and dryer, full basement for tenant/owner use and storage, several units are equipped with appliances.

Real Estate Estimate: 2009 Taxes
Townhouse: $1,243.73 to $1672.28 each
Condos: $1,330.62 each

2010 Annual Building Inspections with City of Aurora All Passed.

Association fee estimated at $185.00 per month, per unit. Parking is available for each unit. Green space between and in backyards of all units. There is a Community Hall and Association Office Building and outdoor playground for children.

Townhouse and Condo units are housed in 9 separate Building Units. Building 833, 1341, 1351, 1357, 1361, 1371, 1377, 1381, and 1389. 1373 represents Association Hall and Office.

The 46 units offered are in Good to Average condition. Several units need paint and assorted repairs. Townhouse rents are $750.00 per month. Condo rents are $695 per month. All properties are in the city of Aurora, IL; Kane County.

NOTE:

Close to I-88. Good location, easy access; Investment opportunity. Broker Participation welcome. Copy of Condo and Townhouse Rules & Regulations available upon request. All deposits are to be cash or cashier’s check; make payable to DeBolt Auction Service.

REAL ESTATE TERMS:

All Bidders must be pre-approved from your Bank or Lending Institution. A pre-approval letter to purchase must accompany you at registration. All properties sold as is. Neither owners, condo association or members of auction team represent these real estate parcels for quality or condition. Everything sold AS IS. DeBolt Auction Service is not responsible for accidents on sale site, or Real Estate after it is sold. Successful Bidders Deposit terms on Lot 1: $40,000; Lots 2,4,5: $25,000 each; Lots 3 & 6: $30,000 each; Lot 7: $50,000 down.

Successful Bid Balance on all parcels is 30 days (or less) after the auction, on or before April 27th, 2010.

Auctioneers:
Brian DeBolt, Plano, IL#440.000.595 Ph#630-552-4247
Sheila DeBolt, Sandwich, IL#440.000.593, FL#AU3955, Ph#630-669-8736