Condominium Development Vacant Land Absolute Auction

CONDOMINIUM DEVELOPMENT VACANT LAND
ABSOLUTE AUCTION

THURSDAY, MAY 27, 2010  6:00 PM
OMAHA, NE: 37th & Leavenworth Streets
(Auction held on Premises)

The Property being offered in this Auction is part of the Leavenworth Crown Townhome Condominium Regime. This Condominium Regime includes a total of Nineteen Units and at this time only Twelve of the Units have been completed, leaving seven unimproved Condominium parcels available to be developed. This is the opportunity of a Lifetime to buy vacant land with Development potential close to the new Mid Town Crossing area and also a short drive to the Old Market and Downtown Omaha! For More Details or Information, Please Contact the Auction Company!

LEGAL DESCRIPTIONS:

Lots 1 thru 3, Block 0, Units 1-3, Leavenworth Crown Townhomes Condominium Regime, Douglas County, Nebraska.
Lots 14 thru 17, Block 0, Units 14-17, Leavenworth Crown Townhomes Condominium Regime, Douglas County, Nebraska.

ZONING: R-7 (Medium Density Multi-Family Residential)

2009 REAL ESTATE VALUATIONS:

Lots 1-3, Units 1-3  -  $ 6,800.00 Each
Lots 14-16, Units 14-16  -  $ 6,800.00 Each
Lot 17, Unit 17  -  $ 1,100.00

HISTORICAL SIGNIFICANCE: Located on this Property is the very first Hand-dug well and watering site in the State of Nebraska along the Oregon Trail! Own a piece of History along with the development potential of this truly One-of-a-Kind Property!

UTILITY SERVICES: This entire property is serviced by Omaha City Water & Sewer Services. Of the Undeveloped Lots, Sewer & Water Lines are currently stubbed to within 5 feet of the Footprint of the Home Sites.

ADDITIONAL INFORMATION AVAILABLE:
• Full set of Building Plans for Additional Units and Original Site Plans.
• Pre-Auction Title Commitment/Search

* * * TERMS OF THE AUCTION * * *

AUCTION DAY TERMS: An Earnest Deposit of $ 5,000.00 will be required on Auction Day. The balance will be due on or before June 25, 2010. Title Insurance & Escrow Closing Fees divided equally between Buyer and Seller. Marketable Title will be provided. 1031 Tax Exchanges Welcome. Agents Represent the Seller.

AUCTIONEER’S NOTE: Make your plans now to attend this very interesting Auction. Barry Taylor of Taylor Plumbing, Inc. has made the decision to sell this land at Absolute Public Auction for you to buy at your Price. This property will sell regardless of price with No Reserves! This is a Once-in-a-Lifetime Opportunity to purchase property like this at your price at Absolute Public Auction! For More Information, please Contact the Auction Company or visit the web site at www.nitzauctions.com.

TAYLOR PLUMBING, INC. – SELLER
BARRY TAYLOR, PRESIDENT