These Mobil Banks are a great way to extend your “Banking Services”
AUCTION HIGHLIGHTS:
Mobile Bank #1- Orlando, FL. ( 1 total lot ) 2007 M2-106 Medium Duty Freightliner Truck with Bank ATM Conversion, 12,927.5 miles, Automatic transmission, Air Breaks, leather like bucket seats, Conventional cab (Business Class M2), No power windows. Engine: 260 H.P. Mercedes-Benz diesel, L6- 6.4 Liter, Serial#: 0906581676. Goodyear 295/75R22.5 tires with dual wheels in rear.
The conversion kit makes this truck into a mobile bank via a Modular Re-Mountable Aluminum Body. The Bank compartment is run with a self-contained diesel generator- Kohler 3 Cylinder Engine, Serial# :2115181 and includes office space, 1 teller position with interior and exterior access. Other equipment included: alarm/video and GPS security pack, desk, chair, microwave, customer service window, and safe. There is a roll out awning on right side of unit and two top mounted air conditioner units.
This item is in above average condition for its year model
Mobile Bank #2- Sacramento, CA. ( 1 total lot ) 2007 M2-106 Medium Duty Freightliner Truck with Bank / ATM Conversion, 16,645.5 miles, Automatic transmission, Air Breaks, leather like bucket seats, Conventional cab (Business Class M2), No power windows. Engine: 260 H.P. Mercedes-Benz diesel, L6- 6.4 Liter. Goodyear 295/75R22.5 tires with dual wheels in rear.
The conversion kit makes this truck into a mobile bank via a Modular Re-Mountable Aluminum Body. The Bank compartment is run with a self-contained diesel generator- Kohler 3 Cylinder Engine and includes office space, 1 teller position with interior and exterior access. Other equipment included: alarm/video and GPS security pack, desk, chair, microwave, customer service window, and safe. There is a roll out awning on right side of unit and two top mounted air conditioner units.
This item is in above average condition for its year model.
FDIC Sale Assets from the former Guaranty Bank
ONLINE BIDDING closing on Thursday 1/27/2011 for both locations.
Visit us at http://www.ricklevin.com for more details.
Contact us at (773) 252-4500
December 15 Real Estate Auction
December 15 Real Estate Auction
Including many Bank-Owned/Bank-Directed Properties
Residential and Commercial properties and vacant land in Arlington Heights, Chicago, Belvidere, Schiller Park, Streamwood, Wheeling, Winfield & Yorkville.
Visit www.ricklevin.com for more details about this and other auctions.
11 Condominiums for Auction in the Rogers Park/West Ridge Area
This is a great time for first time home buyers and investors to get more for their money!
Located on the northwest corner of Ridge and Devon in the Rodgers Park/West Ridge area, these 11 condominiums were previously priced up to $249,000. Now 4 are to be sold subject to a minimum bid of $45,000!
A Cashier’s Check Required to Bid: $3,000
2 Bedrooms, 1 & 2 Baths, elevator building, stainless steel appliances, natural stone baths, laundry hook-up in unit, just steps to public transportation.
Open House Dates: November 6 & 7 from 2 p.m. to 4 p.m. and November 11 from 3 p.m. to 6 p.m.
Auction Date: November 14, 2010
Auction Location: Hyatt Rosemont, 6350 N. River Road, Rosemont, IL (11am)
Nobody says it better … watch Rick Levin talk about the November 14th auction.
Contact Rick Levin & Associates for more information:
Phone: (773) 252-4500
Email: rick@ricklevin.com
Other Properties in this Auction, Include:
- Chicago – Commercial Condo (7,100 SF-Entire 2nd Floor) – Bank-Owned
- Yorkville – 24 Acres of Vacant Land – Bank-Owned
- Darien – Fully Entitled Development Site for 16 Townhomes
- Lake Zurich – 18,000 SF Industrial Bldg. – Bank-Owned
- Calumet City – 3,200 SF Mixed Use Bldg. – Bank-Owned
- Dolton – 1-Story 3,321 SF Commercial Property – Bank-Owned
- Grayslake – 26,819 SF of Vacant Land – Bank Trust Department Orders Sale
- New Lenox – 10,454 SF of Vacant Land – Bank-Owned
- Chicago Heights – 7,771 SF of Vacant Land – Bank-Owned
Huge 7,100 Square Foot Commercial Condominium Located Directly Across From Harpo Studios In Chicago
Buy A Condominium Across The Street From Oprah!
Commercial Condo located at 1100 W. Washington in Chicago right across the street from Harpo Studios. Huge, 7,100 square foot space takes up the entire 2nd Floor. This is a Bank-Owned property … minimum bid is $450,000.
Previously Priced To $1,675,000: TO BE SOLD SUBJECT TO A MINIMUM BID OF $450,000
Cashier’s Check Required to Bid: $35,000
On-Site Inspection: November 3 & 10 from 10 a.m. to noon
Auction Date: November 14, 2010
Auction Location: Hyatt Rosemont, 6350 N. River Road, Rosemont, IL (11am)
View a Video from Rick Levin regarding this property and auction.
Contact Rick Levin & Associates for more information:
Phone: (773) 252-4500
Email: rick@ricklevin.com
Other Properties in this Auction, Include:
- Chicago – 2 Bedroom Condominiums in Rogers Park area
- Yorkville – 24 Acres of Vacant Land – Bank-Owned
- Darien – Fully Entitled Development Site for 16 Townhomes
- Lake Zurich – 18,000 SF Industrial Bldg. – Bank-Owned
- Calumet City – 3,200 SF Mixed Use Bldg. – Bank-Owned
- Dolton – 1-Story 3,321 SF Commercial Property – Bank-Owned
- Grayslake – 26,819 SF of Vacant Land – Bank Trust Department Orders Sale
- New Lenox – 10,454 SF of Vacant Land – Bank-Owned
- Chicago Heights – 7,771 SF of Vacant Land – Bank-Owned
Opportunity for First Time Home Buyers
CITY LIVING WITH A SUBURBAN STYLE: PHASE I DEVELOPER CLOSEOUT OF 10 TOWN HOMES IN DOWNERS GROVE
2 & 3 Bedrooms, 2 1/2 Baths, up to 3,320 Square Feet.
Features include fireplace, granite kitchen countertops, Whirlpool stainless steel appliances, rich architectural designed exterior with masonry, stone and stucco, energy-efficient casement windows, balcony, spacious rooftop deck, 2-car attached garage, and much, much more.
Close to downtown Downers Grove, easy access to airports, interstate highways and the Metra train station is just steps away.
Downers Grove-922 Warren Avenue
Previously valued to $549,000: FOUR TO BE SOLD ABSOLUTE, REGARDLESS OF PRICE!
Cashier’s Check Required to Bid
$12,000 for 3-Bedroom Unit
$9,000 for 2-Bedroom Unit
Open House: November 10, 2010 from 4 to 6 p.m.
Auction Date: November 14, 2010
Auction Location: Hyatt Rosemont, 6350 N. River Road, Rosemont, IL (11am)
A Word from the Developer, David Luman
Contact Rick Levin & Associates for more information:
Phone: (773) 252-4500
Email: rick@ricklevin.com
Other Properties in this Auction, Include:
- Chicago – 2 Bedroom Condominiums in Rogers Park area
- Chicago – Commercial Condo (7,100 SF-Entire 2nd Floor) – Bank-Owned
- Yorkville – 24 Acres of Vacant Land – Bank-Owned
- Darien – Fully Entitled Development Site for 16 Townhomes
- Lake Zurich – 18,000 SF Industrial Bldg. – Bank-Owned
- Calumet City – 3,200 SF Mixed Use Bldg. – Bank-Owned
- Dolton – 1-Story 3,321 SF Commercial Property – Bank-Owned
- Grayslake – 26,819 SF of Vacant Land – Bank Trust Department Orders Sale
- New Lenox – 10,454 SF of Vacant Land – Bank-Owned
- Chicago Heights – 7,771 SF of Vacant Land – Bank-Owned
Online Fine Arts Auction
LENDER-OWNED ONLINE FINE ARTS AUCTION
- Items to be sold absolute or subject to low minimum bids.
- Collection includes works by Steve Hudson, Richard Prince, Nina Levy, Tim Anderson, and more…
- Entire collection valued at over $340,000
BID ONLINE: Now through September 20, 2010
ITEMS SOLD TO: Highest Bidders
STARTING BIDS: As low as $10
LOTS INCLUDE: Paintings & Sculptures
VIEW & BID: Rick Levin Online Auctions
DETAILED LOT INFO: Click Here
QUESTIONS: Please call (773) 252-4500
If you’d like to preview pieces included in this auction prior to bidding, 34 of the most prominent pieces will be on display September 15, 16 & 17 from 11am till 2pm at:
FLOATING WORLD GALLERY
1925 N. Halsted, Chicago
(312) 587.7800
Also included in this fantastic art collection is a Baldwin Piano, circa 1910-1920!
Buy art. It feels good.
September 2010 Illinois Multiple Property Auction
SEPTEMBER 26, 2010 – ILLINOIS MULTIPLE PROPERTY AUCTION
Many properties Bank-Owned and to be SOLD ABSOLUTE, regardless of price!
Commercial Property | Vacant Lots | Retail Building | Condos in the following cities:
Berkeley
Calumet City
Chicago
Chicago Heights
Frankfort
Lake Zurich
Lincolnshire
New Lenox
Palatine
Wauconda
Sign up for our email list if you want to receive a heads-up on this auction. Or, come back often to check this growing list of property locations … photos, bidding information and
property details coming soon.
View a video from Rick Levin discussing these upcoming auctions
Call us at 773-252-4500, or check back often – details being added daily!
September 2010 Multiple Property Auction in Wisconsin
September 29, 2010 Wisconsin Multiple Property Auction
Vacant land in Cedarburg, Kiel and Slinger. All properties Bank-Owned and most to be SOLD ABSOLUTE, regardless of price!
Sign up for our email list if you want to receive a heads-up on this auction. Or, come back often to check this growing list of property locations … photos, bidding information and
property details coming soon.
View a video with updates on the Wisconsin auction
[Vimeo 14089650]
Call us at 773-252-4500, or check back often – details being added daily!
Top 10 Real Estate Auction Myths
Think all homes sold at auction are dilapidated foreclosures you have to pay cash for on the spot? Think again. Real estate auctions are becoming more and more popular because they offer good deals on a variety of properties in a consumer-friendly environment.
Nevertheless, plenty of myths surrounding the process abound. Here are some of the most popular misconceptions about real estate auctions and the facts behind them:
1. Myth: All homes at real estate auctions are foreclosures and/or distressed properties.
Fact: Some are and some aren’t. Either way, potential buyers have ample opportunity to determine a property’s history and condition before the auction. More and more homes at auction today are brand new homes that builders are unloading. Some are even luxury homes. “People think there is something wrong with the home if it is in an auction, but I’ve sold many homes that are in move-in condition,” says Tim Gray of The Chicagoland Real Estate Auction.
2. Myth: If I buy a home at auction, I must buy it sight-unseen, without an inspection.
Fact: Most auction houses hold open houses before the auction date. Buyers are invited to bring a contractor or inspector with them. However, judicial auctions or Sheriff’s sales (properties auctioned off by your county) typically do not offer a chance to inspect the inside of the home before bidding. If no access is granted to a home, or it is obviously in poor condition, that is reflected in the price.
3. Myth: Buying a home “as-is” is full of risk.
Fact: It is true that auctioned homes are almost always sold as-is, with no contingencies and no attorney review period. However, a good auction house will have inspection reports available beforehand for each property it is selling. Some even offer home warrantees. “We put together a complete due diligence package including a home inspection, a survey of the property, so bidders have all the facts,” says Michael Fine of Fine & Co., a Chicago auction house. “We encourage them to take the contract to the attorney before the auction.”
4. Myth: Buyers must pay in full with cash at real estate auctions.
Fact: Buyers must bring a deposit, usually about 5-10 percent, which is treated like earnest money. Buyers typically have 30-45 days to secure financing and close. If not, they forfeit their deposit. One exception is a judicial auction or “Sheriff’s sale.” These auctions typically require the entire purchase price payable at the auction or shortly thereafter.
5. Myth: Buying a home at auction is “taking advantage of another’s misfortune.”
Fact: Occupied homes, as opposed to empty ones, improve the economy and the community. “Our auctions help fuel the economy, because when there is a house sitting vacant, there is no one paying the mortgage or the property tax, or utility bills. There is nobody hiring tradespeople or shopping at the local stores for household items. When we sell that property, someone purchases it and someone starts doing all those things,” says Rick Weinberg of REDC, a national auction firm.
6. Myth: Only experienced investors can really compete at real estate auctions.
Fact: Auctions are open to the public. Because of the popularity of auctions today, and the proliferation of residential estate auctions in areas like Chicago, many attendees are everyday homeowners. “Our typical customer has never been at a live real estate auction before,” says Fine. “The buyer at these events is not some large investor, it’s John Q. Public. So you’re competing against someone just like yourself.”
7. Myth: If I sell my home at auction, it will cost me a lot more in commission than if I hire a Realtor.
Fact: Auctioneers say the cost is comparable, usually slightly more. However, auctioneers say the seller saves money in the long run. “The inherent efficiency in the auction process enables the seller to eliminate long-term carrying costs including maintenance and taxes,” says Rick Levin of Rick Levin & Associates in Chicago.
8. Myth: If I sell my home at auction, I will get a lower price than market value.
Fact: Auctioneers believe an auction is the best way to determine the true market value of a property, particularly when comparables are scarce. “When you group 20 people in a room, and they’re all bidding on the same property at the same time, you get true market value,” says Brian Kuzdas of Real Estate Auctions.com.
9. Myth: There is no place for Realtors or brokers in real estate auctions.
Fact: Many auction houses pay commission to a Realtor who brings a client to an auction after that client wins the property.
10. Myth: If I can’t make it to the auction, I’ll lose the opportunity to bid.
Fact: Many auction houses conduct online bidding simultaneously, so bidders can bid from home. Bidders can sometimes place a bid online before the auction date — or simply buy the property outright.
Contributing sources: Fine & Co., Rick Levin & Associates, and the National Auctioneers Association.
Court Ordered Auction: Rare Opportunity to Purchase A Vacant Parcel On Chicago’s Renowned Michigan Avenue
(Crain’s, Chicago) — A South Michigan Avenue development site that would have been a hot commodity during the condominium boom is being sold in a court-ordered auction more than two years after a lender filed to foreclose on the property.
Rick Levin & Associates Inc. has scheduled a July 27 auction of the parcel at 1000 S. Michigan Avenue in Chicago’s South Loop, where local developer Warren Barr wanted to build a 40-story tower with 346 condos. But the condo crash foiled that plan and Elk Grove Village-based First American Bank sued in May 2008 to collect a past-due $18.7-million loan secured by the site.
In another era, a property along Grant Park offering unobstructed views of Lake Michigan would command a premium, fueled largely by demand from condo developers. But the South Loop remains swamped with unsold condos, and most lenders aren’t financing development of any kind, limiting the pool of potential buyers.
The site could attract interest from a company or non-profit group hunting for a headquarters site or a nearby college that needs more space, says Rick Levin, president of the Chicago-based auction firm. Bidders may also include deep-pocketed investors looking to buy and hold property until the residential market rebounds.
1000 South Michigan Ave. in red
“When it does come back, land along Grant Park should be the first to benefit,” he says. “There aren’t a lot of vacant parcels on this stretch that could offer this large of a development opportunity.”
It’s difficult to estimate what the property is worth given the lack of comparable sales over the past two years, one reason an auction makes sense, Mr. Levin says. The most recent comp is another development site at 830 S. Michigan that Mr. Barr sold in November 2008, after a mezzanine lender filed to foreclose on the property.
In that transaction, a venture linked to Matthew Pritzker paid $17.6 million for the estimated 36,000-square-foot property, where Mr. Barr had planned 376 condos. Mr. Pritzker, who received a roughly $500-million settlement in 2005 in a dispute over the family fortune, was unavailable for comment. An executive at his investment firm, Matthew Pritzker Co., did not return phone calls.
That sale equates to a price of about $488 a square foot, or $47,000 a unit. At that level, 1000 S. Michigan would be worth about $16.4 million, though the economy and financial markets have improved over the past 18 months.
“There is interest for land,” says John Jaeger, first vice-president in the Chicago office of CB Richard Ellis Inc. “There wasn’t last year, but there is now.”
It’s unlikely, however, that an auction would generate enough money to pay off the $25.3 million in principal and accrued interest owed to First American. The suggested opening bid is $9 million.
First American won a judgment of foreclosure in January 2009 and held a sheriff’s sale two months later. But Mr. Barr’s partners challenged the sale, preventing the bank from taking control of the property. On May 17, Cook County Judge Robert Quinn ordered a new auction conducted by Rick Levin.
A bank executive did not return a phone call late Tuesday.
Though Mr. Barr, president and CEO of Oak Brook-based Renaissant Development Group LLC, and his partners have lost control of the site, they have a big stake in the auction: They guaranteed the First American loan, meaning they could be on the hook for any shortfall.
Like a lot of condo developers, Mr. Barr is lying low these days.
“I’m just trying to wade my way through a very difficult market,” he says. “The condo market will come back eventually. There’s just a lot of uncertainty.”
Alby Gallun, Crain’s
http://www.chicagobusiness.com/cgi-bin/news.pl?id=38370
#####
Auction Date: July 27, 2010
Location: 1000 South Michigan Avenue, Chicago, IL
Parcel: 33,700 sq. ft. (251′ x 134.28′)
Property Highlights:
- Located on the West side of South Michigan Avenue
- Near Chicago’s Loop, public transportation, Lakeshore Drive and the expressway
- Property is currently operated as a surface parking lot
- Near hotels and newly developed condominium buildings
- Access to Grant Park, steps from Chicago’s Lakefront
- Positioned in a fast developing Downtown University Campus area
- Entitlements for up to 40 stories and 350 condominiums, and potential for numerous development alternatives
Previously Priced up to: $33,000,000
Suggested Opening Bid: $9,000,000
Street View - Looking North from 1000 South Michigan Avenue
View a Video Message from Rick Levin Regarding the July 27 Auction of 1000 South Michigan Avenue
For more information, please contact Rick Levin & Associates, Inc. directly:
Phone: (773) 252-4500
Email: rick@ricklevin.com
VSE Corporation and Rick Levin & Associates, Inc. will conduct an auction of seized and forfeited property on behalf of the U.S. Department of the Treasury.
Other agencies that are participating include: U.S. Customs & Border Protection, Immigration & Customs Enforcement, Internal Revenue Service, and Secret Service.
Proceeds from the auction are returned to these agencies through the Treasury Asset Forfeiture Fund for the continuation of their enforcement efforts.
The auction will take place at 9 a.m. on Wednesday, June 9, 2010, at the VSE Warehouse, in Riverside, CA.
A wide variety of merchandise will be auctioned, including:
• 1979 Cessna C414A Aircraft
• USA Platinum Eagle Coins
• Large Selection of Rolex Watches
• Assorted Gold, Platinum, & Silver Jewelry
• Portable DVD Players & iPods
• HP & Sony Vaio Laptops, Dell Computers, & Other Assorted Electronics
Download a PDF Catalog of Items Included In This Auction Here
Proceeds from the auction are returned to the U.S. Treasury’s Asset Forfeiture Fund for the continuation of law enforcement efforts by the participating agencies: U.S. Customs & Border Protection, Immigration & Customs Enforcement, Internal Revenue Service and Secret Service.
Registration begins at 8 a.m. day of sale at the VSE Warehouse, Riverside, CA. There are no property previews on sale day.
For detailed information on specific merchandise to be auctioned, please visit the Treasury website at: www.treas.gov/auctions/treasury/gp
More information can also be found at www.ricklevin.com or by calling VSE Corporation, Inc. at 888-534-2828
Thank you!
Rick Levin
Rick Levin & Associates, Inc.
1467 N. Elston, 2nd Floor
Chicago, IL 60622
Office: 773-252-4500
Fax: 773-252-4520
rick@ricklevin.com
www.ricklevin.com
This vacant parcel of land, located on Chicago’s Michigan Avenue, is ideal for an investor or developer who has the insight and resources to capitalize on a “jewel” of an opportunity.
A tremendous place to park cash and be uniquely positioned for the next up cycle!
Location: 1000 South Michigan Avenue, Chicago, IL
Parcel: 33,700 sq. ft. (251′ x 134.28′)
Property Highlights:
- Located on the West side of South Michigan Avenue
- Near Chicago’s Loop, public transportation, Lakeshore Drive and the expressway
- Property is currently operated as a surface parking lot
- Near hotels and newly developed condominium buildings
- Access to Grant Park, steps from Chicago’s Lakefront
- Positioned in a fast developing Downtown University Campus area
- Entitlements for up to 40 stories and 350 condominiums, and potential for numerous development alternatives
Previously Priced up to: $33,000,000
Purchased in 2005: $28,800,000
Approximate Outstanding Bank Debt (5-19-2010): $25,280,250
2008 Appraisal: $24,000,000
Suggested Opening Bid: $9,000,000
AUCTION DATE: July 27, 2010
More information about this auction will be posted as it becomes available. In the meantime, if you have any questions or would like to inquire further, please contact Rick Levin at Rick Levin & Associates, Inc.
Phone: (773) 252-4500
Email: rick@ricklevin.com
Seventeen more properties will go on the auction block over the next few weeks in small towns and cities throughout Wisconsin as lenders sell-off vacant parcels, a condominium in Sister Bay and a single-family home in Milwaukee.
Last month, six properties sold at door-step auctions conducted by Chicago-based auction company, Rick Levin & Associates, Inc. All of the properties were sold absolute regardless of the price, so many winning bidders who are now property owners were very pleased with the results.
Rick Levin
“It’s been a very rough market but the buyers are coming back,” said Rick Levin who personally conducted many of the door step auctions in the first wave of state-wide sales last month. “We can see the tide turning … qualified bidders are showing up, ready to buy when the price is right.”
According to a report on the Dane County website posted by the South Central Wisconsin MLS, there was 9.9 – 24 months of Wisconsin single-family home inventory available on April 30, 2010.
The current list of properties to be sold at auction shown below ranges in previously priced values from $10,900 to $89,000, with suggested opening bids ranging from $1000 to $8000. A number of vacant parcels have come available that are attractive to investors and builders, but also an opportunity for individuals and first time buyers to become property owners.
| Location | Property | Previously
Priced To |
Address |
| Adams | Vacant Lot | $45,000 | 110 Timber Shore |
| Arkdale | Vacant Lot | $14,900 | 3 Ash Ave |
| Arkdale | Vacant Lot | $40,000 | 109 Timber Shores |
| Arkdale | Vacant Lot | $28,000 | 56 Petenwell Landing |
| Comstock | Vacant Lot | $15,000 | 18 30th St |
| Friendship | Vacant Lot | $13,900 | 64 Lakes Edge |
| Galesville | Vacant Lot | $29,900 | 1 & 2 Sunset Valley |
| Green Bay | Vacant Lot | $49,000 | 1600 Royal Crown Ct |
| Milwaukee | Vacant Lot | $89,000 | 7305 N 95th St |
| Milwaukee | Single- Family Home | $74,900 | 6872 N 42nd St |
| Neillsville | Vacant Lot | $35,000 | N 4770 Weston Falls Ave |
| Oxford | Vacant Lot | $12,900 | 15 S Fern Lane |
| Shawano | Vacant Lot | $25,000 | Balsam Row |
| Sister Bay | Condominium | $68,000 | 10571 Hwy 57 Unit 102 |
| Somerset | Vacant Lot | $21,000 | 932 218th Ave |
| Somerset | Vacant Lot | $20,000 | 2111 62nd |
| Somerset | Vacant Lot | $25,000 | Lot 11 218th Ave |
Galesville WI Lot 1 and 2 Sunset Valley
The properties will be sold at three, open outcry ballroom auctions open to the public and also open for real estate Broker participation.
Bidders may register in advance or on the day of the auction. Bidding information, auction terms and conditions and photos of the properties are available at www.ricklevin.com ,where you can also find directions to the auction locations and instructional videos on how to bid at a real estate auction.
Single-Family Home, Milwaukee, 6872 N 42nd St
Interested parties may call 773-252-4500 for more information. Auction dates and times are shown below:
10 a.m., June 10th at the Ramada Inn, 205 S. Barstow St., Eau Claire, WI
7 p.m., June 10th at the Hilton Garden Inn, 1355 W. 20th Ave., Oshkosh, WI
1 p.m., June 24th at the Residence Inn, 648 N. Plankinton Ave., Milwaukee, WI
For additional information, or to have any of your questions answered, please contact Rick Levin & Associates, Inc. directly.
Office: (773) 252-4500
Email: rick@ricklevin.com
A Video Message from Rick Levin Regarding the Wisconsin Auction
The property, located at 5025 W. Hampton in Milwaukee, Wisconsin, will be auctioned at 1 p.m. on Thursday, June 24, 2010, at the Residence Inn in Milwaukee, Wisconsin.
Auction Highlights
- Vacant Parcel—Many Potential Uses
- Previously Priced Up To $400,000
- Suggested Opening Bid $75,000
- Cashier’s Check Required to Bid $12,000
- Registration opens at noon and continues until the auction begins. You are encouraged to arrive early so you may obtain limited preferential seating and have any questions answered.
Bidder Requirements
To bid, simply bring:
1) a cashier’s check, made payable to yourself, in the amount of $12,000
2) a photo ID issued by a government agency (driver’s license, passport, etc.)
3) your checkbook to pay for additional earnest money. If you are the successful bidder, you will endorse the check over to the designated escrow account as your initial earnest money payment and write a check for any additional earnest money. Please see the “specimen” Real Estate Sales Contract for more details.
Type of Auction
This property will be offered “with reserve.” That means the ownership has the right to accept or reject the high bid until 5:00 PM on Monday, June 28, 2010. The bidding will be open and public (not sealed or silent). You will know at all times what the bid amount is and see the person making the bid. Please see the Terms of Sale for complete details.
View a video message from Rick Levin regarding the auction
As always, should you have any questions about this, or any other auction being conducted by Rick Levin & Associates, please do not hesitate to contact us directly.
Phone: (773) 252-4500
Email: rick@ricklevin.com
Web: www.ricklevin.com
Rick Levin & Associates is conducting an online auction on behalf of the Federal Deposit Insurance Company’s (FDIC) sale of assets from the former Guaranty Bank.
This exciting, “Ebay-esque” style online auction is packed with over 1,500 incredibly interesting and useful items; including printers, computers, monitors, artwork, scanners, Kensington MasterPiece Plus power routers, Polycom SoundStation conference phones, Sharper Image 121-Piece Tool sets, beautiful office furniture, Dell CRT monitors, Plasma flat panel TV’s, video cameras, computer speakers and a whole lot more.
All items bid on and won must be picked up in Garland, TX.
Note: When clicking through to our auction site, please be sure to select the Guaranty Bank, Dallas, TX – FF&E auction as seen in the screen shot immediately below.
Don’t miss out on the unique opportunity to take part in this exciting online auction! If you are not already registered to bid online or familiar with the process, please visit our Frequently Asked Questions, or contact Rose at (773) 292-8178 or Leticia at (773) 292-8175 for technical support, and you’ll be ready to bid in no time!
Terms and Conditions of Sale
Location of Items
| Location | Lot Numbers |
| 2750 Miller Park N.
Garland, TX 75042 |
Lots 1 – 1560 |
AUCTION BEGINS: MAY 6, 2010
STAGGERED CLOSING BEGINS: TUESDAY, JUNE 8, 2010, 10:00 AM, CDT
Important
All articles are sold “AS IS WHERE IS” and with no warranties or guaranties of any type, either expressed or implied, made by Rick Levin & Associates, Inc., (“Auctioneer”). All items will be sold absolute, regardless of price.
HARD DRIVES HAVE BEEN REMOVED FROM COMPUTERS/LAPTOPS/SERVERS. NO HARD DRIVES WILL BE PROVIDED.
Buyer’s Premium / Transaction Fee
A 3% buyer’s premium and a 4% transaction fee will be added to each purchase. For example, if the winning high bid is $100.00 at check out, you will be charged $107.00. Please keep this in mind when bidding.
Taxes
If you are the winning bidder, you will be charged 8.25% sales tax on all purchases.
Payment
You may pay by Cash, Cashier’s Check, American Express, Discover, MasterCard, and Visa (Bring exact change for cash purchases no change will be made). ALL PAYMENTS INCLUDING CREDIT CARDS MUST BE MADE IN PERSON AT THE TIME OF PICK UP. You will receive notification via email in the form of an invoice indicating the items on which you are successful High Bidder at the close of the auction. Please bring that invoice with you to pick up your purchases. Make all cashier’s checks payable to Rick Levin & Associates, Inc.
Previews
Bidders are urged to inspect items prior to bidding. Items are available for inspection as follows:
| Preview Location(s) | Lot #’s | Hours | Dates |
| 2750 Miller Park N.
Garland, TX 75042 |
Lots 1 – 1560 | 9:00AM-4:00PM
CDT |
Monday
June 7, 2010 |
Item Pick Up
Please use the schedule below for pick-up of your items
| Removal Location(s) | Lot #s | Hours | Dates |
| 2750 Miller Park N.
Garland, TX 75042 |
Lots 1 – 1560 | 8:00AM-4:00PM
8:00AM-4:00PM 8:00AM-3:00PM |
Wednesday, June 9, 2010
Thursday, June 10, 2010 Friday, June 11, 2010 |
490,000 Square Ft. Commercial Building in Sterling, IL to be Auctioned to Highest Bidder
A 490,000 sq. ft. multi-use commercial building located in Sterling, IL will be sold to the highest bidder. Located just 80 miles west of the Chicago metro area, this property has an approximate replacement value of $24 million and is subject to a minimum bid of $900,000.
THE BUILDING:
- 19 Loading Docks
- 3 Floors, High Ceilings
- 2 City Blocks of Parking
- Over 20,000 sq ft of Offices
- Roof Updated in 2008
- 90,000 sq ft Reinforced Concrete Bldg.
THE LOCATION:
- Center of Town
- Potential Rail Access
- Access to East/West Rte 88 Superhighway
THE OPPORTUNITY:
- Annual R.E. tax bill of $7K
- $115K annual rental income on only 73,000 sq ft (Walmart + 3 other tenants)
- Multi-use options as warehouse, distribution center, manufacturing
- $2M City of Sterling improvements in progress
- City Park planned between building and river front
- Billions in federal “green energy” investment planned
Property Location: 301 3rd Street, Sterling Illinois (View Map)
On Site Inspections: 11 a.m. to 1 pm, June 4, 9 & 17
Auction Location: Hyatt Lisle – 1400 Corporetum Drive, Lisle, IL 60532
AUCTION DATE: June 23, 2010
To view detailed property information for this building please visit. Or, contact Rick Levin & Associates, Inc. at (773) 252-4500 or email us at rick@ricklevin.com
View a video of the property
U.S. Department of the Treasury – Seized and Forfeited Luxury Vehicle and Vessel Auction
VSE Corporation and Rick Levin & Associates, Inc. will conduct a Specialty Auction of seized and forfeited luxury vehicles and vessels, formerly owned by Scott Rothstein and others.
The auction will be conducted on behalf of the U.S. Department of the Treasury at 11:00 a.m. on Thursday, June 3, 2010 at the Broward County Convention Center, 1950 Eisenhower Blvd., Ft. Lauderdale, FL, 33316. View Map
2008 Bugatti Veyron
Most of these luxury vehicles and vessels for auction were property acquired by Scott Rothstein through his involvement in a ponzi scheme.
This property was seized from him as part of the investigation and prosecution of the case against him. Scott Rothstein entered a guilty plea in January 2010 and faces up 100 years in prison at his May 6 sentencing.
The auction will include the following vehicles and vessels:
Vehicles:
2007 Rolls – Royce Phantom
- 2008 Bugatti Veyron
- 2009 Bentley Continental GTC
- 2007 Rolls – Royce Phantom
- 2008 Ferrari 430 Spyder
- 1967 Corvette Convertible
- 2007 Ford Expedition Limo
- 2008 Cadillac Escalade
- 2008 Mercedes – Benz SLR
2005 33' Riva Aquariva
- 2009 Maserati GT
- 2010 Lamborghini LP-670SV
Vessels/Water Craft:
1998 55’ SeaRay Sundancer
- 2007 87’ Warren Yacht
- 2005 33’ Riva Aquariva Super
- 1998 55’ SeaRay Sundancer
- 2006 Nor-Tech Supercat
- Yamaha Jet Ski’s
Proceeds from the auction will be placed in the U.S. Treasury’s Asset Forfeiture Fund. The proceeds derived from the Rothstein assets will be available as restitution to the victims of Scott Rothstein’s crimes.
The general public may preview the vehicles at the Secure-All of Florida, 1240 N.W. 74th Street in Miami, Florida on:
-Wednesday, May 26th & Thursday, May 27th from 9:00 a.m. until 3:00 p.m.
-Wednesday, June 2 from 9:00 a.m. until noon.
Many of the vehicles may also be viewed at 9:00 a.m. on June 3 (Broward County Convention Center) prior to the auction’s start.
Vessels and water craft may be previewed at National Liquidators, 1915 Southwest 21st Avenue in Ft. Lauderdale, Florida on Wedneday, May 26th from 9:30 a.m. until 3:30 p.m., Thursday, May 27th from 9:00 a.m. until 3:30, and Wednesday, June 2 from 9:30 a.m. until 3:30 p.m.
2008 Ferrari 430 Spyder
A media day will be held on May 26th from 9 a.m. – noon at Secure-All of Florida.
Registration will begin at 9 a.m. on the day of the sale at the Broward County Convention Center, Exhibit Hall D.
Bidders are required to have a cashier’s check deposit in order to register to bid.
For preview dates & times, photographs and videos of the vehicles and vessels, and to download a copy of the Auction Catalog which includes Terms of Sale, please visit Rick Levin & Associates’ main site at: http://www.ricklevin.com/auctions/auctionDetails.aspx?aid=317&ati=2.
For more information about this auction please call Rick Levin & Associates, Inc. at 773-252-4500.
Auction in the News!
FDIC Online Auctions in Progress …
We have 4 FDIC online auctions that are currently underway. Visit our website today to view the lots, auction details and request to bid on these FDIC Auctions!
Atlanta, GA – The Former Rockbridge Commercial Bank – FF&E
Closing: 4/23/2010
FDIC Sale of Assets from the former Rockbridge Commercial Bank. All items must be picked up in Atlanta, GA. (22 total lots) Auction Highlights: From Robert Mondavi by Waterford Flute-Shaped Glasses, Size: 9.2″ H, 6oz.
Bid Now!
Duluth, GA – The Former Haven Trust Bank – FF&E
Closing: 4/23/2010
FDIC Sale of Assets from the former Haven Trust Bank. All items must be picked up in Atlanta, GA.
(516 total lots) Auction Highlights: Conference Wood Table with 10 Executive Chairs, an Array of Computer Hardware (Dell, APC, etc..), Appliances, Phone Systems, Wood Book Shelves, Wood File Cabinets, Framed Wall Art, an Array of Office Furniture and More!
Bid Now!
Lincolnwood, IL – The Former Bank of Lincolnwood – Netsuke
Closing: 4/28/2010
FDIC Sale of Assets from the former Bank of Lincolnwood. All items must be picked up in Chicago, IL.
(18 total lots) Auction Highlights: Japanese Ivory Netsuke’s, 19th Century Rare Japanese uminatsu (“petrified sea pine”), 10 books on Netsuke, Framed Patch from Apollo 13 Mission signed by James Lovell, and more!
Bid Now!
Sacramento, CA – The Former Irwin Union Bank – FF&E
Closing: 4/30/2010
FDIC Sale of Assets from the former Irwin Union Bank. All items must be picked up in Sacramento, CA. (168 total lots) Auction Highlights: Computer Hardware, Laser Jet Printers, Desktops, Laptops, Phone Systems, Appliances, Framed Wall Art, File Cabinets, an Array of Office Furniture, and more!
Bid Now!
If you are not already registered to bid online or familiar with the process, please visit our Frequently Asked Questions, or contact Rose at (773) 252-4500 for technical support and you’ll be ready to bid in no time!
Rick Levin & Associates, Inc. runs more than just high-profile residential and commercial real estate auctions, it also conducts large-scale online auctions for the Federal Deposit Insurance Company (FDIC).
These exciting, “Ebay-esque” style online auctions are packed with incredibly interesting items; including printers, computers, monitors, artwork, French Champagne flutes, power generators, scanners, furniture, federal reserve notes, Plasma flat panel TV’s and a whole lot more.
Sample Active Online Auction
All items auctioned are FDIC Sale Assets from a variety of US banks and financial institutions. Don’t miss out on the unique opportunity to take part in these relatively unknown online auctions!
Live Auction for First Bank Financial, McDonough, GA
To see a listing of our current online auctions, visit: http://www.ricklevin.com/auctions/Online-Auctions.aspx
Japanese artwork and space memorabilia owned by the failed Bank of Lincolnwood and appraised at more than $30,000 is being auctioned by the Federal Deposit Insurance Corp.
The auction, being run by Rick Levin & Associates, Inc., continues now through April 28, 2010.
A Japanese ivory netsuke of a reclining rat, one of the pieces of Japanese artwork being auctioned off by the failed Bank of Lincolnwood.
Assets include Japanese ivory miniature sculptures of such subjects as: a recumbent boar with its “ludicrously extended snout raised heavenwards”; a reclining rat with bulging eyes and a baby rat on its tail; and a warty toad crouching on a stump. All three are starting at $480 apiece.
Other items include a framed patch signed “This patch was on board Apollo 13 spacecraft on the flight around the moon, 11-17, April 70. Jim Lovell, Commander.” Its current bid is $280.
Also available is a photograph of inventor Thomas Edison. The frame is damaged and its current bid is $60.
Among the pricier items are an $1,890 pipe holder and tobacco box hand-carved out of wood and featuring inlaid ivory and mother of pearl.
In June 2009, Bank of Lincolnwood, which was led by Clyde Engle and had two branches and $214 million in assets, was closed by regulators. Republic Bank of Chicago, Oak Brook, assumed its deposits and assets. At the time, the FDIC estimated that the cost to its insurance fund would be $83 million.
For more information about this online auction please visit RickLevin.com: http://www.ricklevin.com/Auctions/Online-Auctions.aspx
April 25, 2010: 40 Condos in Palatine, IL to be Auctioned
Forty fantastic condominiums at the Woods at CountrySide complex in Palatine, Illinois to be auctioned on April 25, 2010 by Rick Levin & Associates, Inc.
This is a bank-directed, minimum bid auction using the pooled unit bidding system. Rick Levin has recorded a brief video detailing this exciting opportunity.
The Venice floor plan is typical of a 2-bedroom condominium in the Woods of Countryside
Interior Photograph of a 2-bedroom condominium in the Woods of Countryside
Date of Auction: April 25, 2010
Property Location: 975 Sterling Avenue, Palatine, IL
Property Type: 40 Condominiums
Previous Price: 2BR up to $240,000 | 1BR up to $190,000
Minimum Bid: 2BR Min Bid $69,500 | 1BR Min Bid $64,500
Email us at info@ricklevin.com for more information or call (773) 252-4500
Over forty residential and commercial properties throughout Illinois and Wisconsin will be sold to the highest bidder regardless of price in a number of absolute real estate auctions now through May 5, 2010.
4447-4449 S. Honore, Chicago | Auction Date: April 25
All of the properties are either bank owned or are being sold at the direction of a bank. The properties are located in small towns and cities throughout the two states.
The properties will be sold at “doorstep auctions” where the auctioneer will travel from town to town and conduct each auction on the doorstep, or standing in front of the property.
5737 Rose Court, Berkeley, IL | Auction Date: April 25
Bidders will gather on vacant land and in front of commercial and apartment buildings and at single family homes in towns throughout Illinois and Wisconsin.
The doorstep auctions are open to the general public and to individuals who wish to bid in the open call auctions.
A number of single family homes in Alton and nearby towns in Southern Illinois will be sold at a ballroom style auction.
The ballroom auction will begin at 11 a.m. on Tuesday April 27.
The general public, real estate agents and brokers and investors may register to bid at the auction at 10 a.m., one hour before bidding begins.
The auction will be conducted at the Four Points by Sheraton, 319 Fountains Parkway, Fairview Heights, Illinois.
1119 Main, Alton IL | Auction Date: April 27
The auctioneer for the sale is Rick Levin and Rick Levin & Associates, Inc., a well established auction firm in Chicago, Illinois.
A complete listing of details on the value of all properties, auction dates, registration requirements, terms and auction times are available at www.ricklevin.com.
Please refer to the right sidebar heading “Auction Items”. This is an all-inclusive listing of the 40+ properties included in this auction.
For more information, please contact Rick Levin & Associates, Inc.
Phone: (773) 252-4500
Email: rick@ricklevin.com
Auctions date back so far in history that no one knows for sure where or when they started. Ancient Greek scribes documented auctions as far back as 500 B.C.
Fast forward to the world of real estate circa 2010 and beyond. Government agencies, banks, and now private individuals are turning to real estate auctions to get their residential, commercial and industrial property sold in a timely manner—what are you waiting for?
A rare opportunity to own a large residential or commercial property in one of the most conveniently located suburbs in Chicagoland (Park Ridge). This approximately 6,000 square foot property is situated on an over-sized 17,000 square foot lot with multi-family zoning. This property offers the winning bidder an exceptional investment opportunity and many options.
2 5 7 N . N o r t h w e s t H i g h wa y , P a r k R i d g e , I L
2 5 7 N . N o r t h w e s t H i g h wa y , P a r k R i d g e , I L
2 5 7 N . N o r t h w e s t H i g h wa y , P a r k R i d g e , I L
Auction Date: May 23, 2010, 11 a.m.
Open Houses: May 15 and 16, 11 a.m.–1 p.m.; May 20, 4 p.m.–6 p.m.
Previously Priced Up To $1,680,000 | Suggested Opening Bid $367,000
For more information:
Call Rick Levin at (773) 252-4500
or send an email to rick@ricklevin.com
Chicago is World-Class for business, as well as a great place to live and visit. It’ s also the third largest city in the United States with a population of nearly three million people and a metropolitan area of 9 million.
Its scenic lakeside location, cultural offerings and unique architecture are just some of the reasons why this high profile parcel at Harrison and Wells is a spectacular development opportunity!
- LARGEST VACANT PARCEL IN THE SOUTH LOOP
- 6.6 ACRES WITH RIVER FRONTAGE
- 286,646 sq. ft. PROPERTY, ZONED DX-7 DOWNTOWN MIXED-USE
Harrison & Wells, Chicago Site Panorama
- Formerly the site of the Grand Central Station rail terminal (torn down in 1971)
- Frontage on the Chicago River possible river foot traffic
- 286,646 sq. ft. property see plat of survey on reverse side
- Zoned DX-7 downtown mixed-use
- Once planned for Retail-Residential development
- Priced attractively at $41,000,000 or joint venture
Harrison & Wells, Chicago Site Map
LOCATION, LOCATION LOCATION!
This parcel is near:
- The Willis Tower
- The Museum Campus
- University of Illinois Chicago Campus
- The Financial District
- Union Station and Ogilvie Station
- Major expressways
Harrison & Wells, Chicago Survey
Contact Rick Levin at (773) 252-4500
or send an email to rick@ricklevin.com
Woods of Countryside Condos to be Sold at Auction, April 25
The Woods at Countryside Condominiums
Forty condominiums in the Woods of Countryside complex in Palatine will be sold at auction April 25 at minimum bids up to 71 percent below previous asking prices.
The bank-directed sale will offer two-bedroom condominiums at a minimum bid of $69,500 and one-bedroom condominiums at a minimum bid of $64,500. The two bedroom homes were previously priced up to $240,000 and the one-bedroom homes were previously priced up to $190,000.
Very low minimum bids and possible tax credits of up to $8,000 could offer first time homebuyers and qualified investors unprecedented value. FHA financing will also be available to qualified buyers on some of the properties.
Interested private parties, real estate brokers and investors may preview the condominiums at open house showings from 11 a.m. to 1 p.m. on April 17 and 18; 2 to 6 p.m. on April 21 and 10 a.m. to noon on April 24. The Woods of Countryside complex is located at 975 Sterling Ave. in Palatine.
A brochure is available by calling the offices of the auctioneer Rick Levin & Associates Inc. at (773) 252-4500. Bidding information and property details are also available at ricklevin.com.
The April 25 auction will be open to the public for registration at 10 a.m. and bidding will begin at 11 a.m. The auction will be conducted at the Hyatt Hotel, 6350 N. River Road, Rosemont. Broker coops are being offered for this sale.
In addition to the sale of the Woods of Countryside condominiums, the April 25 auction will offer commercial and residential properties located throughout the six-county Chicago area. Properties will include single family homes, vacant residential and industrial buildings and land, and apartment buildings in the city of Chicago and suburban Chicago.
Rick Levin & Associates is also selling more than 40 commercial and residential properties in Wisconsin and Illinois at upcoming real estate auctions scheduled between now and May 5. The properties are being offered by six different banks; many properties will be sold absolute without minimum bids. Details on these properties are also available at ricklevin.com or by calling (773) 252-4500.
Daily Herald, Arlington Heights, IL, 04/09/2010
Rick Levin & Associates, Inc. Joins the Blogosphere
At long last, Rick Levin & Associates, Inc. is entering the realm of blogging. Stay tuned for daily updates on upcoming auctions, unique Treasury auction opportunities and a whole lot more…
ricklevinassociates.wordpress.com 