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ROAN Inc. / REAL ESTATE AUCTION

GRANDVIEW MOTEL OVERLOOKING THE SUSQUEHANNA VALLEY

4860 South Route 220 Highway/Linden * 9 Units * Mountainstone Home * Pool * $1,100 weekly Income (50% Occupancy) * Furnished * Garages * Parking Lot * OGMs Included (No Lease) * 400'+ Highway Frontage * High Visibility * 2.75 Acre Corner Parcel * 2% Realtor Participation Invited

Saturday, July 28, 2012 @ 2:00 P.M.

To be held on site @ 4860 South Route 220 Highway/Linden, PA 17744
Directions: From the Reach road exit of US Route 220 at the west end of Williamsport, take US Route 220 south 3.6 miles. See sign and motel on right.


Please visit www.roaninc.com or www.auctionzip.com for photos & a listing



Real Estate Information:

Owner: Daniel J. Gerber Estate
Address: 4860 South Route 220 Highway, Linden, PA 17744
County: Lycoming
Municipality: Woodward Township
Zoning: R- Residential District
School District: Williamsport Area
Approximate Age: 1942
Parcel # 60-368-208
Deed Book # 2556 Pages 311-317
Approximate Parcel Size: 2.75 Acres
Approximate 2012 Taxes: $4,001
Approximate Living Area: 5,130 Square Feet

Property Description:

Style: Two Story Masonry Home

Office: Front door with doorbell to an office with carpet, large cupboards, ¾ bathroom with tile floor and walls, back room has carpet, Whirlpool washer, Roper electric dryer, Emerson Wall air conditioner, large set of linen drawers, knotty pine walls and rear exterior access. There are two accesses to the adjoining house. Pepsi machine outside. House: Enter front door to a living room with carpet, two bedrooms and a bathroom. Dining room with vinyl floor and a lighted ceiling fan. Kitchen has vinyl floor, wood cabinets, Formica counters, Stainless Steel double bowl sink, Tappen electric stove, RCA double door refrigerator, lighted ceiling fan, dishwasher, access to second floor, two and a half rooms.

Exterior: Asphalt shingle roof with vent ridge, brick, exterior water source, concrete picnic table, stone house, concrete front porch with roof.

House Utilities:

Electric: 200 Amp breakers
Oil fired hot water boiler with 275 gallon storage tank in lower garage
Frigidaire window air conditioner
Garage: One car attached in basement
Basement under units: Access from real Bilco doors, partial with crawlspaces.
Unit #8: Carpeted room, with Frigidaire wall a/c unit, double bed, single bed, Avanti refrigerator, Gold star microwave, clock radio, desk, lamp, Bathroom with vinyl floor, lighted medicine cabinet and a closet.
Unit #7: Carpeted room with 2 beds, night stand, desk, coat rack, night stand, bathroom with medicine cabinet and lights beside. Wall mounted air conditioner.
Unit #6: Carpeted room with Gold Star a/c, Haier refrigerator, mirror, Orion TV, desk with chair, 2 beds, coat rack, lamp, Capri microwave, bathroom with vinyl floor, mirror, lights and tile walls.
Unit #5: Vacant, needs remodeled.
Unit #10: Efficiency – carpeted floor, rear exterior access, JVC TV, dresser, two single beds, Frigidaire refrigerator, Formica counter, cupboards, coffee maker, bathroom with vinyl floor, mirror with lights beside.
Unit #4: Carpeted floor, single bed, chair, entertainment center, Emerson microwave, GE refrigerator, dresser with mirror, Gold Star a/c. Bathroom has vinyl floor, mirror with lights beside.
Unit #3: Carpet floor with two double beds, Gerald refrigerator, Gold Star a/c, mirror, desk, chair. Bathroom has vinyl floor, mirror with lights beside.
Unit #2: Carpeted room with desk and chair, nightstand, lamp, Black and Decker refrigerator, Fedders a/c. Sconce lighting, double bed, bathroom with vinyl floor, mirror with lights beside and a towel rack.
Unit #1: Carpeted floor, Frigidaire refrigerator, Haier microwave, 2 single beds, Frigidaire, a/c. Sanyo TV, dresser, mirror, bathroom has vinyl floor, mirror with lights beside, towel rack.

Systems:
Electric: 200 Amp Breakers
Heat: Oil fired Axeman Anderson Custom Mark III hot water boiler with two 275 gallon oil storage tanks in basement under units; 3 zones, baseboard
Hot Water Source: Domestic coil on boiler
Water: Drilled well with submersible pump pressure tank and a Culligan water treatment system
Sewer: Public
Cable TV is provided by owner
Garage: 24 foot x 28 foot detached with metal channel drain roof and concrete floor
Pool: In ground, needs liner, has filter system.

Property is graced with Rhododendron, and Buttonwood, Cedar and Locust Trees.


Terms:
To be sold with co-executors' immediate confirmation.
Cashier's or certified check written to Roan, Inc. or cash in the amount of $10,000 required at time of auction as down payment.
10% Buyer's Premium Charged, to be paid by purchaser as part of the purchase price.
Settlement made 30 days from sale date upon delivery of clear deed.
Structures built prior to 1978.
Buyer has option to inspect for lead paint hazards prior to auction.








3530 Lycoming Creek Rd.
Cogan Station, PA 17728
(570) 494-0170
(800) 955-ROAN
Fax: (570) 494-1911
roaninc@comcast.net
www.roaninc.com
  AU-000777-L