Newark NJ Residential Land

Listing Number: 59828177 | Ewing, NJ US | NJ DOT Right of Way Excess Land 1 Seller's Other Auctions

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Listing Image

Auction Ended:

Final Bid:

$901,300.00

Bids:

118 Bids

Auction Details

Starting Bid: $455,000.00
Current Price: $901,300.00  
Buy Now Price $0.00
No Reserve   
Buyer's Fee: 7.00% - 5.00% - 0.00%
Start Date
End Date  [Extended]
Bid History 118 Bid(s)  
High Bidder D**U
Page Views 5284

Payment Details

The successful bidder will have up to 60 days from 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

Description

 

Offered for sale by the New Jersey Department of Transportation (NJDOT) is the property described below. 

 

Location: City of Newark, Essex County  Block 1879 Lots 1-4. 

intersection of 1st Street and Sussex Avenue.

Note: Lot 5 is not owned by NJDOT and is not part of the sale.

GPS Coordinates: 40.749279, -74.18764

Size: approximately 8,264  SF.  Zone: R-3 Third Residential.

Improvements:  Site is vacant.  Approvals:  None

 

The NJDOT acquired the property as a part of a roadway project as Route 280 (1953), Sec. 7, Parcels 212, 213, 214 and 215.  The property was formerly residential.  

 

Terms and Conditions

 

Property has a minimum Starting Bid of $455,000.

 

No representation or warranties are made, express or implied, as to the environmental condition of the Property.

 

No representation or warranties are made, express or implied, as to the title held by the Seller to the Property, as to the condition of the Property, or its suitability for any particular use or development and the property will be sold as is.

 

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.

 

No survey or environmental report will be provided by the NJDOT.

 

The NJDOT will provide the successful bidder, upon request, with any title records for this property that it has on file.

 

NJDOT will contact the successful bidder to arrange for an agreement. 

 

Payment is required prior to the Bargain and Sale deed being executed and recorded on the purchaser’s behalf by NJDOT.

Additional information on this Auction

Custom ID Route 280, Section 7, Parcels VX212B, VX213B, VX214B, VX215B
Will Item results be voted on No
Will you ship this item No. Pickup only.
In person item inspection information n/a
Pickup Location Details Winning bidder will be contacted to arrange for agreement and delivery of deed.

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

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Q:
"What’s the size? How much the property tax?"
- Asked by #35077529 12/04/2023 03:17 PM
A:
Size: approximately 8,264 SF Newark has identified taxes as: Lot 1 $1,460.78 Lot 2 $1,460.78 Lot 3 $1,460.78 Lot 4 $1,460.78
-Answered on 12/04/2023 04:00 PM
Q:
"What’s the actual address?"
- Asked by #35077529 12/04/2023 04:40 PM
A:
100 to 106 1st Street
-Answered on 12/04/2023 04:49 PM
Q:
"You have 2 empty properties own by NJ State and between them a private hous. Is both of them in this bid or the the one in the corner only?"
- Asked by #35077529 12/05/2023 09:46 AM
A:
This auction is only for the corner property as described in the listing.
-Answered on 12/05/2023 09:56 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.