716 Anne Ln, Henderson, NV 89015
REAL ESTATE AUCTION
2BR 1BA 836+/- sf condo. Built in 1993. HOA: Black Mountain Owners Association. HOA fees $110/M.
8:00 AM Friday, August 20, 2010
7 Desert Dawn Ln. - Henderson, NV 89074 or bid live from anywhere at auctionnetwork.com
Open to the Public:
1-4pm Sat Aug 14th and 2 hours before auction.
Nominal Opening Bid:
Note: A Buyer’s Premium (Buyer’s Fee in WI) will apply for this property. Please see Terms of Sale for details.
Legal Description: BLACK MOUNTAIN CONDO PLAT BOOK 54 PAGE 12 UNIT 59E BLDG 14 PT SE4 SE4 SEC 20 TWP 22 RGN 63 County: CLARK, NV APN: 179-20-812-080 Census Tract / Block: 53.36 / 3 Alternate APN: 200-931-080 Township-Range-Sect: 22-63-20 Subdivision: BLACK MOUNTAIN CONDO Legal Book/Page: Map Reference: 179-020 / 956-H7 Legal Lot: 59E Tract #: Legal Block: 14 School District: 3200060 Market Area: Munic/Township: HEND ARTESIAN BASIN Neighbor Code: PARCEL I (COMMON AREAS): AN UNDIVIDED 1/27 INTEREST AS TENANT-IN-COMMON IN THE COMMON AREAS, EXCEPT ASSOCIATION PROPERTY IN PHASE 1 OF BLACK MOUNTAIN CONDOMINIUMS AS SHOWN BY MAP THEREOF ON FILE IN BOOK 54 OF PLATS, PAGE 12, RECORDED IN THE OFFICE OF THE COUNTY RECORDER OF CLARK COUNTY, NEVADA, AND BY CERTIFICATE OF AMENDMENT RECORDED JUNE 28, 1993 IN BOOK 930628 AS DOCUMENT NO. 00924, OF OFFICIAL RECORDS. EXCEPTING THEREFROM: ALL LIVING UNITS AND ASSOCIATION PROPERTY SHOWN IN PHASE 1 OF BLACK MOUNTAIN CONDOMINIUMS. RESERVING THEREFROM: THE RIGHT TO POSSESSION OF ALL THOSE AREAS DESIGNATED AS LIMITED COMMON ELEMENTS; AS SHOWN UPON THE CONDOMINIUM PLAT REFERRED TO ABOVE. AND FURTHER EXCEPTING THEREFROM FOR THE BENEFIT OF THE OWNERS OF CONDOMINIUMS IN PHASES 2 THROUGH 5 NON-EXCLUSIVE EASEMENTS ON, OVER AND ACROSS THE ASSOCIATION PROPERTY AND DEFINED AND SHOWN UPON THE PLAT REFERRED TO ABOVE FOR INGRESS, EGRESS AND RECREATIONAL USE, SUBJECT TO THE TERMS AND AS MORE PARTICULARY SET FORTH IN THE "DECLARATION" OF COVENANTS, CONDITIONS AND RESTRICTIONS RECORDED ON OCTOBER 1, 1993 IN BOOK 931001 AS DOCUMENT NO. 00222, OF OFFICIAL RECORDS OF CLARK COUNTY, NEVADA TO WHICH REFERENCE IS HEREAFTER MADE. PARCEL II (LIVING UNIT): LIVING UNIT 59E IN BUILDING 14, AS SHOWN UPON THE CONDOMINIUM PLAN REFERRED TO ABOVE. PARCEL III (LIMITED COMMON ELEMENTS): THE EXCLUSIVE RIGHT TO USE, POSSESSION AND OCCUPANCY OF THOSE PORTIONS OF THE COMMON AREA BEING DESCRIBED UPON THE PLAT AS STAIRWELLS, PORCHES, PATIOS, BALCONIES AND ASSIGNED PARKING SPACES CP-59 (EXCLUSIVE USE COMMON AREAS), WHICH ARE APPURTENANT TO AND FOR THE USE OF PARCEL II. PARCEL IV (PHASED AREAS): A NON-EXCLUSIVE E3ASEMENT FOR INGRESS, EGRESS AND RECREATIONAL USE ON, OVER AND UNDER THE COMMON AREAS OF PHASES 2 THROUGH 5, WHICH EASEMENT IS APPURTENANT TO PARCELS I, II AND III DESCRIBED ABOVE. THIS EASEMENT SHALL BE EFFECTIVE ONLY UNTIL RECORDATION PRIOR TO EXPIRATION OF RIGHT TO ANNEX OF A DECLARATION OF ANNEXATION DECLARING THE PHASES TO BE SUBJECT TO THE DECLARATION WHICH REQUIRES THE OWNERS OF THE CONDOMINIUMS IN SAID SUBSEQUENT PHASES TO BE MEMBERS OF THE ASSOCIATION. PARCEL V (ASSOCIATION PROPERTY): A NON-EXCLUSIVE EASEMENT ON AND OVER THE ASSOCIATION PROPERTY (AS DEFINED IN THE DECLARATION) FOR ACCESS, USE, OCCUPANCY, ENJOYMENT, INGRESS, EGRESS AND USE OF THE AMENITIES LOCATED THEREON, SUBJECT TO THE TERMS AND PROVISIONS OF THE DECLARATION. THIS EASEMENT IS APPURTENANT TO PARCELS I, II AND III ABOVE-DESCRIBED. THE EASEMENT SHALL BECOME EFFECTIVE AS TO EACH PORTION OF THE ASSOCIATION PROPERTY AS IT IS CONVEYED OF RECORD TO THE ASSOCIATION. THE ASSOCIATION PROPERTY IS FOR THE USE OF THE OWNERS AND GUESTS OF THE UNITS WHICH ARE SUBJECT TO THE DECLARATION, RULES AND REGULATIONS OF THE ASSOCIATION AND ARE NOT FOR THE USE OF THE GENERAL PUBLIC.
Buyer understands property has a short term (3 month) deed restriction prohibiting the property from being sold/encumbered for more than 120% of total purchase price.
Buyer acknowledges that seller will re-key the exterior doors to the property prior to closing and funding at the buyer's expense to be paid at closing.
Regardless of local custom, the buyer understands and agrees that the seller will pay for the owner's title policy and lender's title policy (if any) and that the buyer will pay all other closing/transfer costs including survey, escrow, all closing fees, and all realty transfer taxes.
No Financing Available. Buyer understands and acknowledges that property condition may adversely impact the availability of financing for the Property. Buyer is purchasing the Property as-is, where-is, and is responsible for all costs and expenses for any required remediation to the Property. Buyer further acknowledges and understands that neither the Seller, Williams & Williams, nor its agents make any assertions or guarantees as to the condition of said Property herein.
Personal Property Not Included. Only title to the real estate is being conveyed. Personal property may be present, but is not included in the auction. Removal of personal property remaining on site at the time of closing is the responsibility of the Buyer.
Association Disclosure. Buyer acknowledges and understands that property is bound by the assessments and restrictions of Black Mountain Condominium (Nicklin Property Management) a condo/property owners association, and Buyer agrees to be bound by same. Buyer agrees to assume any special assessments that may be payable in installments that are not yet due. Dues are approximately $110.00 per monthly and are subject to change.