Edgewater, FL: 3BR/ 2BA Home & 1979 Chevrolet Corvette
The Living Estate of Greg & Karen Brotherton
Online Only Auction
Online Only Auction
Lot 1: 3BR/ 2BA Home at 3418 Umbrella Tree Dr, Edgewater, FL 32141 (Volusia County)
Bidding Starts to Close: Thursday, March 21, 2024, at 2 PM ET
Property Inspection (By Appointment Only): Saturday, March 16, 2024, starting at 10 AM ET
Primary Contact: Chris Fisher, 386-690-1295, Chris@AMCbid.com
Toll-Free: 877-980-9565, Info@AMCbid.com
Toll-Free: 877-980-9565, Info@AMCbid.com
Property Description:
This move-in ready 1,260± SFLA concrete block home was built in 1990 and features 3 bedrooms and 2 bathrooms on an 80’x125’± lot. The property has a 336± SF single-car garage, a 288± SF screen room, and an 80± SF shed. This home features solid Canadian maple hardwood floors in the living and dining room repurposed by the University of Miami. New AC installed May 2023.
2023 Volusia County Property Taxes: $668.76 (paid by the seller). 2024 taxes will be prorated as of closing, and the sale will trigger a reassessment of future taxes.
2024 Volusia County Working Just/ Market Value: $233,680
Property Taxes: Per Florida law, a sale of real estate may trigger an automatic reassessment of taxes. When purchasing a property with a homestead exemption, there may be a significant increase in the taxable value. All exemptions will be removed on January 1 of the year following the sale. Both the homestead exemption and the Save Our Homes cap are NOT transferable to the new owner. The property's value is reset to the total Just/Market Value, and the new owner must apply for a new homestead exemption. If the new owner is moving from another home in Florida, they may apply for the Transfer of Difference (Portability) from their previous residence within three years of abandoning their prior homestead. Please use our Property Tax Estimator to estimate taxes under new ownership.
3418 Umbrella Tree Drive, Edgewater, Florida 32141: Alternate Key: 3961803. Parcel ID: 840201149240 Township-Range-Section: 18 - 34 – 02, Subdivision-Block-Lot: 01 - 14 – 9240, 4744 - FLORIDA SHORES MB23 PG 134,132. Physical Address: 3418 Umbrella Tree Drive, Edgewater, FL 32141. Property Use: 0100 - SINGLE FAMILY. Tax District: 604-EDGEWATER. 2023 Final Millage Rate: 18.8506 Homestead Property: Yes. Agriculture Classification: None. Short Description: LOTS 14924 & 14925 BLK 483 FLORIDA SHORES NO 26 MB 19 PG 246 PER OR 4332 PG 2635
Broker Participation Invited: A two percent (2%) commission based on the winning bid amount will be paid to any properly registered broker whose prospect purchases real estate at the auction and closes in full. Please see Auction Terms for full details.
Terms in Brief for Real Estate: Proof of Funds Required to Bid, 10% Buyers Premium added to winning bid to determine sale price, 10% Earnest Money Deposit based on sales price, 2% Broker Co-Op, close by April 22, 2024. The property is selling AS-IS with all faults and without reliance on any warranty of any kind whatsoever.
Lot 2: 1979 CHEVROLET CORVETTE VIN: 1Z8789S445329
This 1979 Chevrolet Corvette shows 76,355 miles on the odometer, and the owner claims they are correct. The owner recently had the steering column repaired at the cost of $2,600.00. This three-owner vehicle features original paint, recently-replaced brakes, good tires, a freshened motor, a rebuilt transmission with shift kit, power windows, power locks, automatic transmission, AC, and T-Tops that do not leak.
Terms in Brief for Vehicle: Payment is due at the time of purchase. You will receive an invoice via email after the auction. All payments must be made by Wire Transfer with no exceptions. Payment in full must be made by 4:00 PM ET, Friday, March 22, 2024. An 18% Buyer’s Premium will be added to the winning bid of each item purchased. For example, a $1,000 bid would result in a $1,180 Purchase Price.
Auction Management Corporation
Chris Fisher, FL Auctioneer # AU826: 386-690-1295, Chris@AMCbid.com
Julian E Howell III, FL Broker #BK3008009: 770-841-9924, Jeb@AMCbid.com
REAL ESTATE AUCTION TERMS & CONDITIONS
AUCTION REGISTRATION: In order to register for the auction, you must confirm that you have done your own pre-registration inspection or plan to inspect the property prior to the auction's conclusion. Additionally, you must confirm that you have reviewed the provided materials, including these Terms, the Title Commitment, the Purchase and Sale Agreement, and all due diligence documents posted for the property. You must provide Proof of Funds showing that you have sufficient funds to cover the required 10% Earnest Money deposit payment. A current bank statement in the bidder's name, with the account number blacked out, should be faxed to 770-980-9383 or emailed to Info@AMCbid.com. The online registration, written agreement to the Terms, and submission of Proof of Funds will need to be completed before online bidding is enabled. Last-minute registration is not guaranteed to be processed, and it’s recommended to provide all documentation 24 hours in advance of the auction deadline. There will be NO opportunity for a post-auction property inspection or due diligence period prior to closing.
AUCTION INFORMATION: All available material and updates are posted on our website. Due diligence materials, Auction Purchase and Sale Agreement, Broker Registration forms, and other information may be obtained by visiting AMCbid.com or calling 770-841-9924.
BUYER'S PREMIUM: The properties will be sold with a ten percent (10%) buyer's premium. The bid amount plus the buyer's premium equals the final purchase price. For example, A $100,000 bid, plus the 10% ($10,000) buyer's premium, equals the $110,000 final purchase price.
INSPECTION: Property inspection is by appointment only on Saturday, March 16, 2024, starting at 10 AM ET. Please call or email for inspection appointments.
BUYER'S PREMIUM: The properties will be sold with a ten percent (10%) buyer's premium. The bid amount plus the buyer's premium equals the final purchase price. For example, A $100,000 bid, plus the 10% ($10,000) buyer's premium, equals the $110,000 final purchase price.
INSPECTION: Property inspection is by appointment only on Saturday, March 16, 2024, starting at 10 AM ET. Please call or email for inspection appointments.
CONDUCT OF THE AUCTION: The auction ends when the highest acceptable bid is recognized by the auctioneer. Bid increments and bidding methodology are subject to change at the auctioneer's sole discretion.
EXTENDED BIDDING: This auction uses an extended bidding feature. Any bid within the last five minutes of bidding (on Thursday, March 21, 2024, at 2 PM ET) causes an automatic 5-minute extension of the bidding. When 5 minutes pass with no more bidding, bidding will close.
EARNEST MONEY REQUIREMENT: The winning online bidder (Buyer) must deliver earnest money via wire transfer immediately following the auction (See Auction PSA) in the amount of ten percent (10%) of the purchase price (calculated by adding the high bid amount plus a 10% buyer’s premium). Escrow Agent, Citrus Title Company, is also the Closing Agent. The balance will be paid in full at closing. The successful bidder (Buyer) will be notified immediately following the closing of the auction and emailed the PSA to sign and return.
EXTENDED BIDDING: This auction uses an extended bidding feature. Any bid within the last five minutes of bidding (on Thursday, March 21, 2024, at 2 PM ET) causes an automatic 5-minute extension of the bidding. When 5 minutes pass with no more bidding, bidding will close.
EARNEST MONEY REQUIREMENT: The winning online bidder (Buyer) must deliver earnest money via wire transfer immediately following the auction (See Auction PSA) in the amount of ten percent (10%) of the purchase price (calculated by adding the high bid amount plus a 10% buyer’s premium). Escrow Agent, Citrus Title Company, is also the Closing Agent. The balance will be paid in full at closing. The successful bidder (Buyer) will be notified immediately following the closing of the auction and emailed the PSA to sign and return.
ESCROW AND CLOSING AGENT: Jen Duca at Citrus Title Company, 108 W. Highland Blvd, Inverness, FL 34452, 352-419-4599, jen@citrustitleco.com, will order the Title Commitment, which will be posted to AMCbid’s website and will serve as the basis for the conveyance of title to the Buyer. Citrus Title will act as Escrow Agent and be reimbursed for that service by the Buyer at closing, as well as being reimbursed by Buyer for the Title Commitment.
PURCHASING AND CLOSING: The buyer shall execute an Auction Purchase and Sale Agreement (“Auction PSA”) for the property immediately after being declared the successful bidder by Auctioneer. A form Auction PSA is available on our website and at the auction site prior to the auction. The Auction PSA, which Buyer must sign at the auction, contains an acknowledgment that Buyer has inspected the property prior to the auction, is relying solely on his/her inspection, and is purchasing the property As Is with all faults and without reliance on any warranty of any kind whatsoever. NO CHANGES WILL BE MADE TO SAID AUCTION PSA OR ANY EXHIBITS ATTACHED THERETO, AND BUYER WILL BE OBLIGATED TO EXECUTE AND DELIVER SAID AUCTION PSA ON AUCTION DAY. Provided, however, Seller reserves the right to modify or amend said Auction PSA, to complete blank sections, to attach appropriate exhibits, and to comply with state and local laws as may be enacted or amended from time to time. Earnest Money must be in the form of wire transfer only. Closing must occur by April 22, 2024. This deadline must be met unless extended in writing by mutual consent of the parties. The balance of the purchase price will be paid in full at closing. Buyer not closing within the contractual time period to close will forfeit his/her earnest money deposit. Escrow Agent, Citrus Title Company, is Closing Agent.
FINANCING: Please note that financing is NOT a contingency of this transaction. Because financing is NOT a contingency, all potential bidders must make certain in advance that they are capable of obtaining the necessary financing to close the transaction.
PLATS/SKETCHES/DRAWINGS AND PHOTOS: Plats, sketches, drawings, and photos are not to be relied on. Existing legal descriptions are not guaranteed for complete accuracy. All acreage and dimensions are approximate and could be subject to change upon an actual field survey. All stakes, signs, or flags indicating boundaries or location are for general location purposes only and are not to be construed as precise property corners.
EASEMENTS: All property sold is subject to recorded easements which include existing roads and planned roads, power lines, and other utility easements, ingress and egress easements, and other easements of record.
EASEMENTS: All property sold is subject to recorded easements which include existing roads and planned roads, power lines, and other utility easements, ingress and egress easements, and other easements of record.
BROKER PARTICIPATION INVITED: A broker commission of two percent (2%) of the winning bid will be paid to the properly licensed broker whose prospect purchases and closes on the real estate. To qualify for a commission, the Broker must register by mail, email, or hand delivery the prospect’s name and address on the Broker Registration form available as a download at the AMC website listing, prior to bidder registration. The form must be signed by the prospect and the Broker, and must be received at the office of Auction Management Corporation no later than 24 hours prior to the published auction bid deadline. Commissions are to be paid only upon closing. A Broker cannot act as a principal and a broker on the same transaction. A Broker cannot represent an immediate family member.
BUYER'S NOTE: Auctioneer reserves the right to add or delete property from this auction or to alter the order of sale from that published herein. Failure to inspect property prior to auction does not relieve Buyer of contractual obligations of purchase. Property sells As Is - Where Is with no warranties expressed or implied. Real property to be conveyed by Special Warranty Deed. 10% Buyer's Premium will be held by Escrow Agent on Seller’s behalf as a part of the 10% Earnest Money and will be paid by Seller to Auctioneer at Closing. No other closing expenses will be paid by Seller. All other closing costs, including but not limited to escrow fees, survey (if Buyer opts for one, although closing will not be extended while waiting for a survey), title examination, title insurance, transfer taxes, 100% of closing fees charged by the Closing Agent, loan closing costs, and Buyer’s attorney fees are at the expense of the Buyer.
Information was gathered from reliable sources and is believed to be correct as of the date this material was published. However, this information has not been independently verified by Sellers or Auctioneers. Its accuracy is not warranted in any way. There is no obligation on the part of Sellers or Auctioneer to update this information. ALL ANNOUNCEMENTS MADE AT THE AUCTION TAKE PRECEDENCE OVER ALL ADVERTISING. Auctioneer is providing Internet bidding as a service to Buyers using a Third-Party Bidding System. Under no circumstances shall Buyer hold Auctioneer or Seller liable for system failures resulting in Buyer’s bid not being properly submitted. The Seller does not have any liabilities whatsoever for any oral or written representations, warranties, or agreements relating to the property except as expressly set forth in the Auction PSA. There is no obligation on the part of the Seller to accept any backup bids in the event the high bid falls through. Please note that unless specifically noted otherwise, Auctioneer represents the Seller only.
BUYER'S NOTE: Auctioneer reserves the right to add or delete property from this auction or to alter the order of sale from that published herein. Failure to inspect property prior to auction does not relieve Buyer of contractual obligations of purchase. Property sells As Is - Where Is with no warranties expressed or implied. Real property to be conveyed by Special Warranty Deed. 10% Buyer's Premium will be held by Escrow Agent on Seller’s behalf as a part of the 10% Earnest Money and will be paid by Seller to Auctioneer at Closing. No other closing expenses will be paid by Seller. All other closing costs, including but not limited to escrow fees, survey (if Buyer opts for one, although closing will not be extended while waiting for a survey), title examination, title insurance, transfer taxes, 100% of closing fees charged by the Closing Agent, loan closing costs, and Buyer’s attorney fees are at the expense of the Buyer.
Information was gathered from reliable sources and is believed to be correct as of the date this material was published. However, this information has not been independently verified by Sellers or Auctioneers. Its accuracy is not warranted in any way. There is no obligation on the part of Sellers or Auctioneer to update this information. ALL ANNOUNCEMENTS MADE AT THE AUCTION TAKE PRECEDENCE OVER ALL ADVERTISING. Auctioneer is providing Internet bidding as a service to Buyers using a Third-Party Bidding System. Under no circumstances shall Buyer hold Auctioneer or Seller liable for system failures resulting in Buyer’s bid not being properly submitted. The Seller does not have any liabilities whatsoever for any oral or written representations, warranties, or agreements relating to the property except as expressly set forth in the Auction PSA. There is no obligation on the part of the Seller to accept any backup bids in the event the high bid falls through. Please note that unless specifically noted otherwise, Auctioneer represents the Seller only.
TERMS FOR CORVETTE:
Payment is due at the time of purchase. You will receive an invoice via email after the auction. All payments must be made by Wire Transfer with no exceptions. Payment in full must be made by 4:00 PM ET, Friday, March 22, 2024.
Payment is due at the time of purchase. You will receive an invoice via email after the auction. All payments must be made by Wire Transfer with no exceptions. Payment in full must be made by 4:00 PM ET, Friday, March 22, 2024.
All items offered for sale at the Auction ("Items", "Property", "Product", "Purchases") are offered by Auction Management Corporation ("Auctioneer"), as Seller's agent, subject to the following Terms and Conditions of Sale, which, combined with any specific terms as posted in materials and on the web, make up the Complete Terms and Conditions of Sale.
Extension Feature: This auction features a bid extension. This feature will leave the bidding open for any item that has received a bid within the last 5 minutes from the last recorded bid time, even if the ending time has been reached. This feature has been added to eliminate sniping and to make the online bidding process more like a 'live' auction.
The auction will start to close at 2:00 PM EST on Thursday, March 21, 2024.
Buyer’s Premium: An 18% Buyer’s Premium will be added to the winning bid of each item purchased. For example, a $1,000 bid would result in a $1,180 Purchase Price.
Payment: Wire Transfer for bid plus 18% buyer’s premium.
Sales Tax: To be paid at tag office.
Bidding: All bids must be submitted using the online bidding system. Buyers are responsible for confirming their bids for accuracy. Selecting the Review Bids function at any time may do this. Bidders will receive outbid notifications via email until the last day of the auction, after which time you must log in to the bidding site to confirm your bids. Auctioneer provides Internet bidding as a service to Buyer using a Third-Party Bidding System. Under no circumstances shall Buyer hold Auctioneer liable for system failures resulting in Buyer’s bid not being properly submitted. This auction uses staggered closing times and dynamic closing. This means 1 item per minute will close in numerical order, and bids received in the final 5 minutes before an item’s scheduled close time will extend the bidding an additional 5 minutes on that item. Auctioneer reserves the right to add to, group, withdraw, or re-catalog items in this auction, as well as adjust minimum bids and/or reserve prices and extend or shorten closing times.
Representations: All items are being sold As-Is with no warranty. Auctioneer shall not be responsible for the correct description, authenticity, genuineness of or defect in any lot and makes no warranty in connection therewith. On-site inspection of items being sold is recommended. Auctioneer makes every effort to provide accurate information about the items being sold. However, neither Auctioneer nor its Client will assume responsibility for Buyer’s bidding errors. It is Buyer’s full responsibility to confirm the accuracy of items offered for sale. Buyers are recommended to inspect all items. Descriptions and photos are offered as a guide only. Do not rely solely on photos to make buying decisions; be sure to read descriptions. Auctioneer shall not be held responsible for such errors as posting the wrong photo for an item. When in doubt about the condition of an item, please bid accordingly.
All Sales Final: A successful bid at auction, whether live or online, constitutes a legally binding contract of sale. All sales are final. There will be no refunds, returns, or exchanges.
Removal: Buyer is solely responsible for removing purchases within the time frames posted. All purchases must be paid in full before items will be released from the premises. Buyer must provide his or her own materials and packing supplies. Buyer must provide invoice and I.D. at time of pickup. The seller may provide limited assistance loading items that cannot be hand-carried or removed with a hand truck by Buyer. Please confirm prior to bidding if you are dependent on assistance for loading.
Failure to Remove Purchases: In the event items are not removed in the time frames allotted, the items purchased shall be deemed abandoned, and Buyer will lose any right, title, or interest Buyer may have acquired, and the items shall revert and repossess to Auctioneer without further notice to Buyer. Auctioneer shall also be entitled to any costs associated with the removal, storage, and reselling of Buyer's items and any other charges, fees, and expenses incurred as a result of Buyer's failure, including all attorney fees and costs incurred by Auctioneer to enforce Buyer’s obligations hereunder.
Failure to Pay: In the event Buyer fails to pay the entire purchase price by the payment deadline, the items purchased shall be deemed abandoned, and Buyer will lose any right, title, or interest Buyer may have acquired, and the items shall revert and repossess to Auctioneer without further notice to Buyer. In addition, Buyer may be prohibited from participating in future auctions.
Non-Delivery: Until such time as purchased items are removed from the premises by the Buyer, Auctioneer shall have the right to cancel or void the sale of any such items purchased by Buyer. Auctioneer shall have no liability to Buyer due to the non-delivery of any purchased item other than the return of Buyer’s payment. No claim of any kind for purchased items, whether or not based on negligence, shall be greater in amount than the purchase price paid by Buyer.
Absence of Warranties: The condition of the items being offered varies.
The Buyer understands and agrees:
The Buyer understands and agrees:
- Any description or sample of the items given or furnished by Auctioneer is solely for identification and does not create any warranty, expressed or implied, that the item actually conforms to such description or sample
- Buyer or agent on Buyer’s behalf has inspected or has had the opportunity to inspect all of the items upon which Buyer will be bidding and/or does purchase
- All items are purchased and accepted by Buyer “AS IS”, “WHERE IS” and “WITH ALL FAULTS”. AUCTIONEER MAKES NO WARRANTIES OR GUARANTEES WHATSOEVER WHETHER WRITTEN, ORAL OR IMPLIED AS TO QUALITY, AUTHENTICITY, QUANTITY, CONDITION, USEABILITY, SALABILITY, WEIGHT, MEASUREMENT, YEAR, MODEL, MECHANICAL CONDITION, PERFORMANCE, OR OTHER SPECIFICATIONS, INCLUDING ANY WARRANTY OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR WARRANTY AGAINST PATENT, TRADEMARK, COPYRIGHT OR TRADE SECRET INFRINGEMENT
- In the event there are manufacturer warranties in effect for the item purchased, Buyer must make all claims thereunder directly with the provider of the warranty. No statement or statements of any other paragraph herein shall be construed to in any way contradict the provisions of this paragraph.
- All items sold AS-IS, WHERE-IS, with no warranties, expressed or implied. Seller is disposing of used equipment. Unless otherwise agreed to in writing, the equipment covered by this invoice is sold “as is, where is, and with all faults.” Seller disclaims any Guarantee or Warranty as to, condition, merchantability, or fitness for a particular purpose. “Risk of Loss” shall be on the purchaser, notwithstanding the fact that the goods have been left in the possession of the seller pending payment. Purchaser shall assume all risk of loss or damage to property or personal injury or death of persons and shall indemnify, defend, and hold Auctioneer harmless from all claims, demands, actions, causes of action, and liabilities of any nature whatsoever arising out of or in any way connected with the purchase or use of the equipment. WARNING: The equipment sold under this document is used. Item(s) may be incomplete or may not be equipped with guards or other safety devices necessary for the particular use you intend or that are required under safety regulations. Examine carefully for safety deficiencies before operating.
Acts of Others: Persons in attendance during the inspection, sale, or removal of merchandise assume all risks of damage or loss to persons, property, or merchandise and shall exercise proper precautions at all times for the protection of persons and property and shall comply with all safety and health requirements as directed by Auctioneer, and local, state and federal regulations. Neither Auctioneer, its agents, its employees, or representatives shall be liable by reason of any defect in or about the condition of the premises on which the auction is held. Buyer specifically releases Auctioneer, its agents, and representatives from all liability thereof.
Limits of Liability: In no event shall Auctioneer’s liability to a Buyer exceed the purchase price actually paid for an individual item or lot. A Buyer’s claim shall be limited to the amount paid for the merchandise. It shall not extend to any obligation, risk, liability, right, claim, remedy for loss of use, revenue or profit, liability of Buyer to any third party, personal injury, or any other direct, indirect, incidental, or consequential damages. Buyer further acknowledges that each item it purchases at the sale represents a separate transaction and that no one transaction shall be conditioned upon another transaction. Buyer hereby holds Auctioneer harmless from:
- the acts or omissions of any party who provided any items to Auctioneer for sale,
- the acts or omissions of the owner or Lessor of the auction site or the site where the auctioned items are stored,
- any claims Buyer may have against Auctioneer, Auctioneer’s client(s), or any former owner of the property being sold,
- Buyer’s failure in any way to properly inspect items and/or fulfill its obligations per the terms and conditions of the sale, as indicated within this document or as announced by the Auctioneer at the time of sale. Auctioneer is providing Internet bidding as a service to Buyer using a 3rd Party Bidding System. Under no circumstances shall Buyer hold Auctioneer liable for system failures resulting in Buyer’s bid not being properly submitted. In the event Buyer provides a deposit or payment using a Credit Card, Buyer acknowledges that it is purchasing under the As-Is, Where-Is terms of the auction and that Buyer shall waive all rights of chargeback based on any claims of misrepresentation, non-delivery, or non-performance.
Right of Removal: Auctioneer reserves the right to remove any person from the auction site and to refuse that individual’s bid, whether offered live, by proxy, or by the Internet. In such an event, any outstanding deposit will be immediately returned.
Indemnification: Buyer shall indemnify, hold harmless, and defend Auctioneer, owners, and building owners from and against any and all losses, damages, liabilities, and claims, including attorney fees, costs, and expenses arising out of based upon or resulting from:
- failure to secure all safety equipment and to meet all applicable government safety standards in removing items purchased or used by Buyer
- failure to comply with safety instructions issued to Buyer by Auctioneer
- any act or omission of Auctioneer, owners, building owners, or their respective agents, representatives, or employees relating to or affecting the items bid on or purchased by Buyer
- the claim of any third party claiming or challenging title to any items purchased by Buyer or claiming infringement of any proprietary interest
- the claim of any person resulting from Auctioneer offering for sale or selling the items purchased by Buyer
- any injury to Buyer or any other person or property of any type whatsoever caused during the inspection, dismantling, removing, or transporting of items purchased by Buyer.
Bidder’s Number: The bidder’s number is non-transferable. All bids made using the bid number will be the responsibility of the Buyer.
