IRS Auction - Sales Ad for Seattle, WA

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Seeking Guaranteed Bids

The Internal Revenue Service is seeking prospective purchasers of real property in order to redeem and sell the property located at 1957 Boyer Ave E, Seattle, WA 98112.

Date:

To Be Announced

Time:

To Be Announced

Description of Property:

Four bedrooms, 2.5 bath with over 3100 sq ft living space. The home situated on .09 acres lot in the heart of desirable Montlake area in Seattle, WA with multi-story fireplace, and one car detached garage. Mature landscaping with fence back yard perfect for a families or potential rental property. The home is minutes away from University of Washington, University of Washington Medical Hospital and Capital Hill area with good rental potential from University students and Medical professional. Seattle is one of the only real estate markets where home values are stable.

Legal Description:

BEING KNOWN AS LOG 7 IN BLOCK 1 OF EAST GLENLAKEN PARK, AN UNRECORDED PLAT, in King County Registry.

Inventory Note:

This property is currently valued for county purposes at $771,000.00

Encumbrances Note:

Potential bidders is responsible to conduct his/her own title search

Minimum Bid:

The minimum acceptable bid is $525,000.00

Bid Note:

The Agreement to Bid must be received no later than November 9, 2009

Click here for Agreement to Bid Form
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Click here for photos of property

Assessor's Parcel Number:

2158900035

To redeem the property under Section 7425(d) of the Internal Revenue Code or Section 2410 of Title 28 of the United States Code, the Internal Revenue Service must obtain a written agreement to bid, secured by a deposit of 20% of the amount of the bid. The deposit should be made payable to the ´United States Treasury Department´ in the form of a cashier´s check or certified check, a bank or postal money order, a certificate of deposit, or an irrevocable letter of credit. If redeemed, the property will be sold pursuant to Section 7506 of the Internal Revenue Code subject to any prior outstanding mortgages, encumbrances, or other liens that may be superior to the lien of the United States. Agreements to bid must be accompanied by the required deposit.

The Agreement to Bid and deposit should be sent to:

Name:

Yun Chu

Title:

Revenue Officer

Bureau:

Internal Revenue Service

Address:

915 Second Ave, MS W216
Seattle, WA, 98174

Phone:

(206) 220-6578

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