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2023-076
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2023-076
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Last modified
6/27/2023 9:30:10 AM
Creation date
4/28/2023 11:23:31 AM
Metadata
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Template:
Official Documents
Official Document Type
Agreement
Approved Date
04/18/2023
Control Number
2023-076
Agenda Item Number
12.G.1.
Entity Name
CREC Capital IR, LLC
Madsen, Jr., Myron and Davene
Subject
Agreement to Purchase and Sell Real Estate for acquisition of Right of Way
for Aviation Blvd & US -1 Improvements
Addendum to Agreement to Purchase & Sell Real Estate
Warranty Deed and Title Insurance
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A. Settlement Statement Settlement Statement <br />B. Type of Loan <br />Q 1. FHA O 2. FmHA O 3. Conv. Unins. 6. File Number 7. Loan Number 8. Mortg. Ins. Case Num. <br />0 4. V.A. O 5. Conv. Ins. 23-989 <br />ID: <br />C. NOTE: This form is furnished to give you a statement of actual settlement costs. Amounts paid to and by the settlement agent are shown. Items <br />marked "(p.o.c.)" were paid outside the closing; they are shown here for Informational purposes and are not included in the totals. <br />D. NAME OF BUYER: Indian River County, a political subdivision of the Stale of Florida <br />Address of Buyer: 1801 27th Street, Vero Beach, Florida 32960 <br />E. NAME OF SELLER: Myron J. Madsen, Jr. and Davene Madsen, husband and wife <br />Address of Seller: 1427 32nd Ave., Vero Beach, Florida 32960 TIN: <br />F. NAME OF LENDER: <br />Address of Lender: <br />G. PROPERTY LOCATION: 1375 32nd Street, Vero Beach, Florida 32960 <br />H. SETTLEMENT AGENT: Barry G. Segal, P.A. TIN: 65-0953275 <br />Place of Settlement: 3096 Cardinal Drive, Suite 2C, Vero Beach, Florida 32963 Phone: 772-567-5552 <br />1. bC I I LtMtN 1 UAI L: d lo/C3 U15NUKJtMGN 1 UAt t: b/lti/2;s <br />J. Summary of buyer's transaction <br />11 <br />101. Contract sales price <br />K. Summary of seller's transaction <br />11 . Gross am o-unt-d-ue to seller: <br />1,100,000.00 401. Contract sales price <br />1,100,000.00 <br />102. Personal property <br />402. Personal property <br />103. Settlement charges to buyer (Line 1400) <br />5,928.25 403. <br />104. <br />1404. <br />105. <br />Adjustments for items paid by seller in advance: <br />106. City/town taxes <br />1405. <br />Adi S'or items - paid by seller in advance: <br />406. Glyltown taxes <br />107. County taxes <br />407. County taxes <br />108. Assessments from 06/16/23 to 09/30/23 <br />492.10 408. Assessments from 06/16/23 to 09/30/23 <br />492.10 <br />109. <br />409. <br />110. <br />410. <br />111. <br />411. <br />112. <br />412. <br />120. Gross amount due from buyer; <br />II <br />201. Deposit or earnest money <br />1,106,420.35 420. Gross amount due to seller: <br />11 . Reductions in amount due to seller <br />25,000.00 501. Excess deposit (see instructions) <br />1,100,492.10 <br />202. Principal amount of new loan(s) <br />502. Settlement charges to seller (line 1400) <br />77,855.55 <br />203. Existing loan(s) taken subject to <br />503. Existing loan(s) taken subject to <br />204. Principal amount of second mortgage <br />504, Payoff of first mortgage loan <br />205. <br />505. Payoff of second mortgage loan <br />206. <br />506. Deposits held by seller <br />207. Principal amt of mortgage held by seller <br />1507. Principal amt of mortgage held by seller <br />1208. <br />508. <br />1209. <br />Adjustments for items unpaid by seller: <br />210. City/town taxes <br />509. <br />Adjustments for items unpaid by seller: <br />1510. City/town taxes <br />211. County taxes from 01/01/23 to 06/16/23 <br />511. County taxes from 01/01/23 to 06/16/23 <br />212. Assessments <br />512. Assessments <br />213. <br />513. <br />214. <br />514. <br />215. <br />515. <br />216. <br />516. <br />217. <br />517. <br />218. <br />518. <br />219. <br />519. <br />220. Total paid by/for buyer: <br />11 <br />301. Gross amount due from buyer <br />(line 120) <br />25,000.011 520. Total reductions in amount due seller: <br />11 . Cash at settlement to/from seller: <br />1,106,420.35 601. Gross amount due to seller <br />(line 420) <br />77,855.55 <br />1,100,492.10 <br />302. Less amount paid by/for the buyer <br />(line 220) <br />(25,000.00) 602. Less total reductions in amount due seller <br />(line 520) <br />(77,855.55) <br />303. Cash ( Q✓ From ❑ To ) Buyer: <br />1,081,420.35 603. Cash ( 0 To EJ From ) Seller. <br />1,022,636.55 <br />Substitute Form 1099 Seller Statement: The information contained In blocks E. G, H, and I and on line 401 is important tax information and is being <br />furnished to the IRS. If you are required to file a return, a negligence penalty or other sanction will be imposed on you if this item Is required to be reported and <br />the IRS determines that it has not been reported. <br />Seller Instructions: To determine if you have to report the sale or exchange of your main home on your tax return, see Instructions for Schedule D <br />(Form 1040 or 1040 -SR). If not your main home, report the transaction on For i 4797, Form 6252, and/or Schedule D for the appropriate income tax form. <br />DoubleTime® <br />
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