CONTRACTOR SPECIAL / FIXER UPPER. NOTICE: ORIGINAL 1994 ROOF HAS LEAKS AND MOLD IS PRESENT. REVIEW OF IRS PHOTOS AND PHYSICAL INSPECTION HIGHLY RECOMMENDED. PROPERTY MUST BE PAID IN FULL BEFORE ACCESS TO PROPERTY WILL BE GRANTED. 20% OF MAX BID TO BE PROVIDED AS CASHIER’S CHECK ALONG WITH MAIL-IN BID AND REMAINING 80% MUST BE FUNDED WITHIN 60 DAYS OF AUCTION WITHOUT JUDICIALLY CONFIRMED TITLE **BEFORE ACCESS TO INTERIOR OF PROPERTY WILL BE GRANTED.** Successfully auctioned in IRS Judicial Sale on 11/17/2020. Bidding procedures and can be found on IRS Auctions website under FL and/or this property address. You can also contact the IRS representative in charge of the auction. Remaining 80% of purchase has yet to be funded; deadline for final funding is January 17, 2021. Property will become available again if winning bidder defaults on funding of remaining 80%. Most of the Zillow photos are based on IRS inspection of property in early 2020. The home has not had electricity since then. Drive-By inspections are being allowed until the auction. Inquire at the security gate for Breakers West community and mention that you are interested in doing a drive-by inspection of the home. Mention IRS PALS Officer Niesha Hinton if necessary. The photos clearly show that there is mold present and the 25 year old tile roof needs to be replaced. A new tile roof on this home requires permits AND HOA architectural board approval and is estimated to cost around $40,000 including permits. The HOA requires a permit bond of $2,500 which shall only be returned once the roofing permit has been closed out by city building inspectors. There is an active leak in the garage and mold in other locations, as shown in the photos. The property backs up to a main road (Sansbury) and there is noticeable road noise. The home lacks a pool and it also lacks both water and golf views, which are key value drivers in this desirable golf community that does not require golf membership. One of the two AC condensers is rusted out and needs replacement per photo. The hardwood floors throughout the home likely need to be replaced due to roof leak. The home does NOT have impact windows and the home also lacks hurricane shutters per photos. Windows likely need to be upgraded to compliant impact windows or hurricane shutters should be added/installed. Unpaid balance to Flagler Manor HOA totals $23,000 as of November 2020. This can be verified by contacting Alina Farinas of FS Residential, who manages the accounting for the HOA. The HOA's law firm successfully filed a lien on April 3, 2019 PRIOR to the April 18, 2019 recording of the government's intent to foreclose on the property. The quarterly HOA dues are approximately $2,025. Palm Beach County property taxes (and tax lien holder’s position) will be extinguished prior to conveyance to successful bidder. However, the HOA is not named in the foreclosure suit and therefore, said HOA liabilities, were not extinguished in the federal suit.
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