Arizona's largest and most effective auction company.  Owned and operated by the Cunninghams for over 60 years!
 

REAL ESTATE AUCTION

BANKRUPTCY 

Auction held at:

Cunningham & Associates, Inc.

3138 W. Durango St.

Phoenix, AZ 85009

August 11, 2004 10:00 A.M.

NO RESERVE

NO BUYERS PREMIUM

SUBJECT PROPERTY:

• 40 +/- acres in Catron County, NM

• Catron County Owner’s Number:  3332

• Legal Description:  NE ¼ of the SE ¼ SEC 23, Township 3 North, Range 10 West, Catron County, NM, less 30 feet easement around the property for ingress/egress and for utilities around the property and over any existing roads or pipelines.

• Catron County Assessed Value:  $12,000.00

• Lot size:  1,742,400 square feet +/-

• Catron County Assessor’s office states this property is in the mountains at approximately 6,700 feet above sea level and is forested.  Catron County, NM borders Arizona.

• Similar properties are being marketed at $500.00 - $2,000.00 per acre.

• Directions from Catron County Assessor to the property:  From Datil, NM go west to mile marker 65, you should be on Forest Road 6-A.  Go ten miles and you should be at McPhaul Ranch.  Go another 3.5 miles and you should be in the area.

TERMS:  $1,000.00 cash/cashier’s check deposit made out to Cunningham & Associates, Inc. in order to obtain bidder’s card.  This deposit is refundable to all unsuccessful bidders.  Successful bidder must pay balance in-full no later than 7/15/04 12:00 P.M.  All bidders are encouraged to personally inspect the subject property prior to auction as this property will be sold “as is” and “where is”.  Bidders must conduct all due diligence to satisfy themselves prior to bidding, including title searches.   A Trustee’s Deed will be issued to the successful bidder approximately 14 days after the auction.