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THIS IS A PAST
AUCTION
Public Auction
No Buyers Premium
Wed. Dec. 8, 1999
304 W. Roosevelt, Phoenix, AZ 85003
map
Historic Building
The Fontenelle
10,353 S.F. (Per tax assessor) Lot size 85'x145' =
12,325 S.F.
Built by the renowned Phoenix architect, G. Phelby in circa 1924, The
Fontenelle has retained its architectural integrity and occupies the Northwest corner lot
at the important intersection of 3rd Avenue and Roosevelt, the heart of the historic
Roosevelt neighborhood. This property is a contributing element to the historic
streetscape and is conveniently located 1/8 mile from I-10. The Fontenelle is on the
Arizona State Historic Property Inventory and The National Historic Property Inventory of
historic buildings and as such, both offer incentives for improvements. The Roosevelt
Historic District is blossoming day-to-day, which makes this property an incredible
investment opportunity.
Auction Terms and Conditions
Auction Information
The Auction Information Office will be opened from 9:00 AM to 4:00 PM (MT)
Monday-Friday to answer any questions about the properties or auction.
Auction Registration & Sale Site
In order to register for the auction and to receive a bidder number, a $1,000.00
cashier's check or certified funds made payable to Lakeshore Realty is required. This
amount is a deposit only and will be refunded promptly after the auction if the party
registered is an unsuccessful bidder. Auction will take place on-site at 304 W. Roosevelt,
The Fontenelle, Phoenix, Arizona. Registration begins at 8:30 A.M. Sale will begin
promptly at 10:00 A.M.
Remote Bidding Arrangements
For interested parties desiring to purchase these properties, yet who are unable
to attend the auction, arrangements can be made to participate wither by phone or written
bids. Please call the Auction Information Office for the Remote Bidding Requirements and
Procedures.
Buyer Broker Participation
A 2% commission will be paid to any properly licensed Buyer Broker who registers
the successful bidder according to Cunningham & Associates Buyer Broker Guidelines. To
obtain these guidelines, please contact the Auction Information Office. Deadline for
Broker registration will be 4:00 PM, Monday, December 6th.
Property Tour
A Cunningham & Associates, Inc. Representative will be available by
appointment up to Monday, December 6th for tours of the property. The property will be
available for final inspection the day of the sale, Wednesday, December 8th, 8:30 A.M.
Terms
A ten-percent (10%) down-payment will be due immediately after being declared the
buyer. The balance of the purchase price to be placed in escrow within five (5) business
days. Seller will deliver title free and clear of liens. Buyer shall pay all escrow and
closing costs, including an owner's title insurance policy. Property taxes will be
prorated to the close of escrow. Property sold "as is, where is." Terms are cash
to seller. Sale is subject to Owner's approval.
Disclaimer:
All announcements made the day of the auctions take precedence over all previous
advertising. Seller reserves the right to sell any/all parcels of real estate before the
auction. Square footage, dimensions, and acreage amounts are based upon information
provided by the Seller and are believed to be correct: however, Purchaser and/or
Purchaser's Agent/Broker shall bear the responsibility to confirm all calculations prior
to the Auction. Not available to residents of any state in which this real estate is not
in compliance with the real estate laws or other laws of that state. Properties may be
added or withdrawn at the Seller's discretion. Selling agents only. Seller reserves the
right to deny any person admittance to the auction if the disrupt or attempt to disrupt
the sale, to postpone or cancel the Auction, or to change any terms of the Auction upon
announcement prior to or during the sale. All information contained in this brochure was
derived from sources believed to be correct but is not guaranteed.
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