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Vacant land
Listing Number: 32483017 | Lake Como, NJ US | Borough of Lake Como 2 Seller's Other Auctions
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Auction Details
| Starting Bid: $5,000.00 | |
| Current Price: $5,100.00 | |
| Buy Now Price | $0.00 | No Reserve Available for immediate purchase. |
| Buyer's Fee: 7.00% |
| Start Date | |
| End Date | [Extended] |
| Bid History | 2 Bid(s) |
| High Bidder | Oiltanksweep O**********p |
| Page Views | 3697 |
Payment Details
Contact Lake Como Borough and ask for Louise or Patty at 732-681-3232, ext 0. Certified checks, cash or wire funds accepted only. Payment will be paid at time of closing on parcel.
Item Description
Non buildable lot. Dimensions 16.6 x 90.41
Block 26, Lot 1 Corner of Melrose Avenue and Leroy Place, Lake Como, NJ
Additional information on this Auction
| Will Item results be voted on | Yes | |
| Date of voting | Tuesday, December 1, 2020 | |
| Will you ship this item | No. Pickup only. | |
| In person item inspection information | Inspection at Site: Block 26, Lot 1; Corner of Melrose Avenue and Leroy Place | |
| Pickup Location Details | 1740 Main Street, Lake Como NJ 07719 |
Questions/Answers Ask the seller a question about this auction.
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Q: |
"What is it zoned for?" - Asked by #24161068 11/21/2020 02:31 AM |
A: |
It is an undersized lot. It's being sold publicly because of the neighbor adjacent to the property wishes to purchase it. Not buildable
-Answered on 11/30/2020 07:05 AM |
Q: |
"Can this property be paved and used for parking? Is this property in a flood zone. I cannot locate it on the female website. Thank you" - Asked by #24161068 11/25/2020 11:15 AM |
A: |
No it cannot. And it's not in a flood zone
-Answered on 11/30/2020 07:06 AM |
Q: |
"Forgive my auto correct I meant FEMA. We site. My apologies. Thank you" - Asked by #24161068 11/25/2020 11:16 AM |
A: |
No problem
-Answered on 11/30/2020 07:06 AM |
Q: |
"What are unbuildable lots used for if we aren't allowed to build? " - Asked by #32608293 12/01/2020 03:34 PM |
A: |
The auction is meant for the contiguous property owners. They can benefit from the purchase because they already own the adjoining land. Someone buying only this small parcel won't benefit since it's too small to build on.
-Answered on 12/01/2020 11:39 AM |
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.
Our Buyers Fees
With Municibid, pricing is clear, up-front and transparent. A buyer's fee (% of the winning bid amount) will be charged directly to the winning bidder upon the close of each auction via the credit card you entered prior to placing the bid. You pay the selling agency directly for the full cost of the item. (unless otherwise noted)
All Buyers fee's are aggregate unless otherwise noted. This means after you cross certain price thresholds you will pay a different buyers fee for the remaining amount. See below for an example.
Example:
If buyers fee is 8% for bids up to $99,999.99, 5% for bids $100,000 - $499,999.99, and 4% for bids over $500,000.
- Winning bid: $50,000: = Buyers fee: $4,000 (8% of $50,000).
- Winning bid: $150,000: = Buyers fee: $10,500 (8% of $100,000 = $8,000) + (5% of $50,000 = $2,500).
- Winning bid: $550,000: = Buyers fee: $30,000 (8% of $100,000 = $8,000) + 5% of $400,000 = $20,000) + (4% of $50,000 = $2,000).
Where can I see what the buyers fee is?
The current buyers fee will always be shown on the page of the listing under the current price in both the bid area and auction details area. You will also see the buyers fee amount you will pay for your entered bid on the page where you confirm your bid.
What if the selling agency rejects my bid?
If the government agency rejects your bid (they reserve the right to do so) your buyer's fee will be returned, in full, to you within 5 days of notification to Municibid of the rejected bid by the governing body.
Bidding Increments
Please Note: Bid increments automatically adjust based on the level of the current bid. The increments are as follows:
| If amount is greater than or equal to | The bid increment will be |
| $0.00 | $1.00 |
| $100.00 | $10.00 |
| $500.00 | $25.00 |
| $1000.00 | $50.00 |
| $2500.00 | $100.00 |
FAIR WARNING ALL SALES ARE FINAL. You are legally obligated to pay for your item per the terms of the seller if you are the high bidder at the close of auction. If you do not pay for your item, you will not receive a refund of your buyer's final sale fee, you will no longer be permitted to bid on municibid.com and will be subject to a penalty of 40% of the winning bid amount. If your credit card is declined for insufficient funds, you will be charged a $50 fee.