IRS Auction - Sales Ad for Tulsa, OK

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Notice of Public Auction- REDEEMED PROPERTY

Under the authority of Section 7506 of the Internal Revenue Code, the property described below will be sold at public auction on an open occupancy basis. The United States redeemed this property under the provisions of Section 7425 of the Internal Revenue Code on March 19, 2008. The property was deeded to the United States on March 19, 2008. The sale will be by public auction to be held on:

Date:

9/11/2008

Time:

10:00 AM

Bidder Registration Time:

9:30 AM

Sale Location:

585 W Fairview, Tulsa, OK 74127

Title Offered:

Contact Eileen Foy, PALS

Description of Property:

Historic mansion located just north of downtown Tulsa. Residence was built in 1920 and consists of three stories with full basement. Approximate square footage of residence: basement - 2912; first floor - 2912; second floor - 2368; and third floor - 1132. There is an attached meeting area with approximately 4176 square feet of space. There is a two story garage apartment containing approximately 1036 square feet of space on the first floor, and 600 square feet on second floor. There are 4 open porches and an in-ground swimming pool. Wrought iron fencing covers the south and west sides, with stockade fencing covering the north and east. Property is located approximately ½ mile from the soon to be completed BOK Center. This property holds fantastic potential as an executive home or as a bed and breakfast location. Property is appraised by Osage County Assessor’s Office at $393,889.00.

Property May Be Inspected at:

By Appointment Only

Legal Description:

A tract of land described as commencing at a point 603.73 feet North of the Southeast Corner of the NE/4 SE/4 of Section 34, Township 20 North, Range 12 East of the Indian Meridian, thence South 98.09 feet to the point of tangent of a curve to the left having a radius of 170 feet; thence Southeasterly along said curve through an arc of 61°59’ a distance of 183.66 feet to the point of the curvature of said curve; thence Southeasterly on a tangent to said curve a distance of 132.08 feet to the 96th Meridian; thence North along the 96th Meridian a distance of 310 feet to a point; thence West at right angles to the said 96th Meridian 205.08 feet to the place of beginning. Said tract being a part of Lot 3 (NW/4 SW/4) of Section 35, Township 20 North, Range 12 East of the Indian Meridian, Osage County, Oklahoma.

LESS AND EXCEPT:

That part deeded to the City of Tulsa, recorded in Book 316, Page 60, and more particularly described as follows: A strip,piece, or parcel of land lying in part of Lot 3 of Section 35, T20N, R12E, in Osage County, Oklahoma. Said parcel of land being described by metes and bounds as follows: Beginning at the point where the North right-of-way line of Osage Drive intersects the 96th Meridian, a distance of 440.04 feet North of the Southeast Corner of Osage County; thence North along said 96th Meridian a distance of 61.35 feet; thence South 38°55’34” W a distance of 55.61 feet to a point on said North right-of-way line; thence South 62°00’00” East along said right-of-way line a distance of 40.51 feet to the Point of Beginning.

Minimum Bid:

$300,000.00

Bid Note:

Mail in bids accepted

Click here for Mail-in Bid Form

Click here for photos of property

The Terms of Payment:

A deposit equal to 20% of the highest bid on the property is required within 2 hours from the sale conclusion. The balance must be paid within 30 days or no later than September 10, 2008.

Payment of required deposit and balance of the purchase price must be paid by certified, cashier’s or treasurer’s check drawn on any bank or trust company incorporated under the laws of the United States. Payment may also be made by any United States postal, bank, express, or telegraph money order. All checks and money orders should be made payable to the United States District Court for the Treasury.

Form of Payment:

Must be paid by certified, cashier’s or treasurer’s check drawn on any bank or trust company incorporated under the laws of the United States. Payment may also be made by any United States postal, bank, express, or telegraph money order. All checks and money orders should be made payable to the United States District Court for the Treasury.

For additional information about the property and proposed sale, please contact the following office:

Name:

Eileen Foy

Title:

Property Appraisal and Liquidation Specialist

Bureau:

Internal Revenue Service

Address:

55 N. Robinson
4th Floor Stop 5113
Oklahoma City, OK, 73102

Phone:

(504) 232-5649

Email: