Auction of Public land

Listing Number: 27800184 | Ewing, NJ US | NJ DOT Right of Way Excess Land 1 Seller's Other Auctions

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Auction Ended:

Final Bid:

$128,000.00

Bids:

124 Bids

Auction Details

Starting Bid: $44,000.00
Current Price: $128,000.00  
Buy Now Price $0.00
No Reserve   
Buyer's Fee: 7.00 % - 5.00 %
Start Date
End Date  [Extended]
Bid History 124 Bids  
High Bidder I*********5
Page Views 1506

Payment Details

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

Item Description

The New Jersey Department of Transportation will sell the parcels of land noted below at a public auction. The auction may be viewed and bid on at any time prior to its closing, which will occur at 5:00 P.M. Eastern time on August 5, 2020. The auction is hosted on www.Municibid.com Auction #27800184. The property is identified as Route: University Heights Connector, Parcels VX561B, VX562B and VX563B, located at 70-74 1st Street, in the City of Newark, Essex County, also known as Block 1879, lots 18,19, and 20. The property was acquired as part of highway right of way, consisting of approximately 0.117 acres (5,092 square feet). The property is being sold without approvals. The site is currently vacant. The propertyzoning is R-3 Residential Zone. This description does not constitute a full legal descriptionof the premises. The full legal description can be found in Essex County records for the deed(s) on file with the county.   the property may not be used for 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.

The Property will be sold subject to a minimum starting bid of $44,000.

Information concerning the auction, including maps, description and additional terms and conditions is available at www.municibid.com, Auction # 27800184. By Patricia Larkins, Property Management Section Supervisor, on behalf of Diane Gutierrez-Scaccetti, Commissioner of Transportation.

 

Additional information on this Auction

Custom ID University Heights Connector, Parcels VX561B, VX562B and VX563B
Will Item results be voted on No
Will you ship this item No. Pickup only.
In person item inspection information 70-74 1st Street, Newark, NJ

Questions/Answers Ask the seller a question about this auction.

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Q:
"Is the property located in Newark or Ewing? Why does the location at the top of the auction by the map symbol say "Ewing," when the map documents and all other info says that the property is in Newark? Thank you."
- Asked by #29441062 07/28/2020 11:40 AM
A:

Item location This location is a general area based on the sellers zip code. It is not the specific address where the item is located.