Lender Ordered Auction
A 5 Bedroom, 3 Bath, Early 20th Century Tudor Style Home located in the desirable Netherwood Heights Historical District.
Low Reserve Price of $260,000.
Please review the Terms of Sale & the Sale Agreement located under the tabs above.
Open House:
Sunday, Dec 10th 12 to 4PM
- Dec 15 @ 11:00am EST
- Add to Calendar
Preview Date:
- Sunday, December 10, 2017 @ 12:00pm
- Sunday, December 10, 2017 @ 4:00pm
Lender Ordered Auction
621 Belvidere Avenue, Plainfield, NJ
A 5 Bedroom, 3-1/2 Bath, English, Tudor in the desirable Netherwood Heights Historical District. This is a gracious, expansive, and architecturally distinctive classic beauty. The floor plan is amazing with museum like ceilings and gorgeous, detailed woodwork throughout this elegant and charming english tudor.
Just 3 blocks for the Netherwood train station. A Fixer Upper, perfect for investors or end users alike. This home has managed to retain its orginal charm and features:
- Hardwood Floors
- Slate Roof
- Vintage Leaded Glass Windows
- Antique Brick Exterior
- Original Oak Moulding Through Out
- Plaster Walls & Exquisite Detail
- Original Hand Forged Wrought Iron Bannister
- Three Season Room
- Large Living Room w/ Fireplace
- Servants Quarters
- 2 Car Attached Garage
Bidding Procedures
Broker Participation Agreement
Click Here to download the Broker Participation AgreementSale Contract
Auction Sale Agreement
Click Here to download the Real Estate ContractQUALIFICATIONS TO BID
All bidders must be in possession of a $25,000 cashier’s check made payable to “AJ Willner Auctions” in order to register. The $25,000 check will be turned over to the auctioneer at registration. Only bidders in possession of these funds will be allowed on the property.
BUYER PREMIUM
3% Buyer Premium applies at this auction.
10% DEPOSIT
The balance of a 10% deposit due via cashier’s check within 24 hours of the auction.
CLOSING
Closing must take place within 30 days of auction (time is of the essence).
ATTORNEY REVIEW & CONTINGENCIES
The high bidder shall promptly sign a Sale Agreement at conclusion of bidding. There is no attorney review period. Bids may not be subject to financing, due diligence, zoning, environmental or any other contingency of any kind other than the delivery of insurable title to the buyer free and clear of any liens or encumbrances.
RESERVE
A $260,000 minimum bid is in effect for this auction.
DEFAULT OR BREACH OF CONTRACT
Seller reserves the right to resell (buyer forfeiting deposit) the property should the high bidder not post the balance of the 10% deposit within 24 hours of auction or close within 30 days. In the event of a resale, the original high bidder will be responsible for any deficiency in sale price together with any incurred marketing and administrative costs.
ALL BIDS ARE BINDING
The second highest bidder’s $25,000 deposit check will be held, by the auctioneer, no longer than 7 days. In the event the high bidder does not post the required balance of a 10% deposit within 24 hours of the auction, the second highest bidder being bound to their bid, will be obligated to close at their highest bid price.
CONDITION OF TITLE
This property is being sold “As-Is, Where- Is” with no contingencies (including but not limited to environmental & obtaining financing). The property is being sold “Free & Clear” of all liens & taxes. The auctioneer and seller make no representations of any kind regarding the subject property. All bidders are bidding based upon their own due diligence. It is recommended that bidders consult with an attorney in advance of auction to review these bidding procedures and the Sale Agreement.
PLEASE NOTE: WHILE INFORMATION PUBLISHED IN BROCHURE, NEWSPAPER ADS & OTHER PRINTED HANDOUTS WAS OBTAINED FROM SOURCES BELIEVED TO BE RELIABLE THE AUCTIONEERS, TRUSTEE & ATTORNEYS ARE NOT GUARANTEEING THIS INFORMATION. SALE IS BASED SOLELY ON BIDDERS RESEARCH, INSPECTION & DUE DILEGENCE. AUCTIONEER IS NOT BOUND FOR ANY ACTIONS OR STATEMENTS MADE BY ANY PERSON OTHER THAN HIMSELF.
