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|Starting Bid: $223,000.00|
|Current Price: $223,000.00|
|Buy Now Price||$0.00||No Reserve Available for immediate purchase.|
|Buyer's Fee: 7.00 % - 5.00 %|
|Bid History||1 Bids|
|High Bidder||tlc-nj t****j|
The successful bidder will have up to 45 days from receipt of the proposed agreement of sale following the close of the auction to conduct their due diligence, thereafter, the successful bidder must deposit their winning bid within 5 days of the end of the inspection period. The Seller may grant an extension for cause. The buyer may request to cancel the bid only if the due diligence reveals an undisclosed condition which substantially and unreasonably impacts upon the value of the Property being conveyed. The next highest bidder MAY be offered the opportunity to purchase at their highest bid, subject to these terms and conditions. Payment is accepted by Muncibid.com in the form of Electronic Fund Transfer, Wire Transfer, and Certified Payment (Certified Check, Cashiers Check, or Money Order). Please note: It may take 2 to 3 days to process your payment once it is received. For full payment instructions please visit www.municibid.com/pay
Route 287, Sec. 18, Parcel VX2R29B2, Mahwah Township, Bergen County, Block 12, Lot 10. (hereafter “Property”) 40.592 Ac. +/- Property Cordinates 41.110151, -74.168328
The Property is being sold without approvals. Site is wooded and has significant rock outcrops and steep terrain. The property zoning is C200 Conservation Zone.
The property has a large existing pond with a concrete dam in poor condition. The purchaser will need to address safety concerns with the New Jersey Department of Environmental Protection Bureau of Dam Safety. The seller shall have no liability for the dam nor any responsibility to assist with repairs. The purchaser accepts this condition as is.
The Geiger Road right of way which provides access is currently accessible only by foot. Vehicular access would require restoration of the road. The seller shall have no liability for the limited access nor any responsibility to assist with repairs. The purchaser accepts this condition as is. No Access through Route 287 frontage.
Terms and Conditions
The Property may not be used for the display or erection of commercial billboards, signs, devices or advertising displays and may not be used for storage of salvaged materials or as a junk yard.
Property will be sold subject to a conservation restriction and will not be developable.
The Property is subject to any public utility easements on the Property whether the easement is recorded or unrecorded.
The New Jersey Department of Transportation, (hereinafter “State”) reserves the right to seek actual damages if the successful bidder refuses to take possession or in any manner breaches the terms and conditions set forth herein.
The State shall not be liable for any damages arising out of its failure to transfer possession of the Property to the successful bidder at any specific time.
The deed of conveyance will exclude any right, title or interest to any State highway which adjoins the Property. The deed conveys no right of access to any State highway. Access to the highway can only be obtained through an access permit secured from the State in accordance with the requirements of P.L. 1989, C. 32, and N.J.A.C. 16:47 et seq. The deed of conveyance shall restrict the use of the premises for billboards, junkyard, or salvage of materials. .
The successful bidder shall certify that the bid has been independently made without collusion with any other bidder or with any competitor or potential competitor.
The State reserves the right to withdraw the Property from the auction. All bids shall be considered offers for the purchase of real Property from the State and shall be subject to acceptance by the Commissioner of Transportation. The Commissioner reserves the right to reject all bids for any reason whatsoever.
The State makes no representation of usefulness of the Property. The buyer must conduct its own inquiries and due diligence, the State shall not be liable for the buyer’s failure to investigate the Property, its condition or its title. Conveyance will be a bargain and sale deed, without covenant against acts of grantor and without affidavit of title. Any sale is subject to the Contractual Liability Act (N.J.S.A. 59:13-1, et seq.).
Addditional Terms are contained in the Payment Details.
Contact: Information David.Kook@dot.nj.gov
Additional information on this Auction
|Will Item results be voted on||No|
|Will you ship this item||No. Pickup only.|
|In person item inspection information||Block 12, Lot 10 Mahwah NJ|
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