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COURT OF CHANCERY REAL ESTATE 8/20/21

August 20

PUBLIC AUCTION

VALUABLE REAL ESTATE

By Order of The Court of Chancery of The State of Delaware

RE: C.A. # 2020-0921-PWG

 IN THE MATTER OF 111 EAST JEWELL STREET, DELMAR, DE

FRIDAY, AUGUST 20, 2021 at 11:00 A.M.

 

 

LOCATION: 111 East Jewell Street, Delmar, Delaware. Traveling South on Bi-State Boulevard in Delmar, Delaware, turn right at Delmar Public Library onto East Jewell Street. Proceed one block to house on the right – On the corner of E. Jewell Street & N. 2nd Street.  

Signs Will Be Posted.

 

 

Sussex County Tax Parcel ID # 532-20.14-127.00: Situated in the town of Delmar, this parcel of land measures approximately 61’ x 153’ x 75’, and contains .2143 acres +/- of land. The lot is improved with a two story single family dwelling in need of renovation. The spacious home contains 2,750 sq/ft +/-, with four bedrooms, one bath, kitchen, dining room, living room, and parlor. There is an open wrap around porch, storage area, and attic storage space. The dwelling is equipped with electrical service, oil fired space heaters, asphalt shingle roof, and public water & sewer.

 

Terms: $10,000 deposit on day of sale with cash or certified funds payable to Morris James, LLC, the balance to be paid within 21 days following the auction date, with cash or certified funds payable to Morris James, LLC. Prospective bidders must present the initial deposit in cash or certified funds at the time of registration. Trustee shall prepare and deliver the deed. Purchaser and Seller shall split the Delaware 2 1/2% State Realty Transfer Tax and the 1 1/2% Sussex County Realty Transfer Tax. Purchaser shall pay any and all other closing costs, property transfer tax and fees. If the above terms are not complied with, the down payment shall be forfeited. This property is being sold AAs Is and Where Is@ with no expressed or implied warranty. Buyers are solely responsible for their own due diligence. Announcements made the day of sale take precedence over any printed material. Sale is subject to confirmation by the Court of Chancery of the State of Delaware. Trustee shall make a return of sale within 30 days following the date of sale. Absent an objection to confirmation, the sale will be deemed confirmed without further Order by the Court after fourteen (14) days following the Trustee’s Return of Sale.

 

NOTICE TO CREDITORS: Any person or entity having or claiming any lien or encumbrance against the estate, or interest of any of the parties entitled to the shares in the premises to be sold, must present their claim to the Trustee or file same with The Court of Chancery of The State of Delaware, within 14 days following the Trustee’s Return of Sale, or such claim will be deemed to have been abandoned.

 

Court Appointed Trustee:

Eric Hacker, Esquire – Morris James, LLP

500 Delaware Avenue

Wilmington, DE 19801 – (302) 856-0023

 

Auctioneer’s Note: Mark your calendar and don’t miss this Real Estate Investment Opportunity.  Remember, there is No Buyer’s Premium applied to your bid price. What you bid is what you pay.

               

                                                 

Wilson’s Auction Sales, Inc.

“Professionals On The Move”

Dave Wilson, Auctioneer & Sales Manager

Wade Wilson, Auctioneer & Customer Service Representative

(302) 422-3454   Fax (302) 422-0462   www.wilsonsauction.com

Plot Plan

Details

Date:
August 20
Event Category: