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- 405 NORTH MAIN ROAD, VINELAND , NEW JERSEY 08360 (26530183)
405 NORTH MAIN ROAD, VINELAND , NEW JERSEY 08360
Listing Number: 26530183 | Trenton, NJ US | NJ Real Property Management 0 Seller's Other Auctions
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Auction Details
| Starting Bid: $43,000.00 | |
| Current Price: $60,100.00 | |
| Buy Now Price | $0.00 | No Reserve Available for immediate purchase. |
| Buyer's Fee: 7.00% |
| Start Date | |
| End Date | [Extended] |
| Bid History | 23 Bid(s) |
| High Bidder | Maxm2000 M******0 |
| Page Views | 5004 |
Payment Details
All perspective bidders must submit a $5,000.00 deposit to participate. This deposit must be a certified or cashier's check, made payable to the State of New Jersey, Department of The Treasury. This deposit is fully refundable to non-winning bidders. The deposit will be applied to the purchase price for the winning bidder. DEPOSIT CHECK MUST BE RECEIVED 72 HOURS PRIOR TO END OF AUCTION. ONLY ELIGIBLE BIDDERS MAY PARTICIPATE IN AUCTION. ALL NON ELIGIBLE BIDS WILL BE DISREGARDED AND REPORTED TO MUNICIBID. PLEASE DELIVER DEPOSIT CHECK TO:STATE OF NEW JERSEY DEPARTMENT OF THE TREASURY 33 WEST STATE STREET 9TH FLOOR TRENTON, NEW JERSEY 08608 ATTN: BRIAN ADAMS
Item Description
5 Bedroom, 3.0 bath House. 2 Story Colonial Style residence including seperate in-law suite on an open level 1.31 +/- acre lot. Property in fair to poor condition. Municipal water connection required
Additional information on this Auction
| Custom ID | RPR 16-03A | |
| Will Item results be voted on | No | |
| Will you ship this item | No. Pickup only. | |
| In person item inspection information | Inspection by appointment only |
Questions/Answers Ask the seller a question about this auction.
You must be signed in to ask and answer questions.
Q: |
"How much would it cost to hook up to municipal water? Thanks!" - Asked by #568726 12/06/2019 08:44 PM |
A: |
Approximately $3,500.00. Please check with The Vineland Municipal Water Department for further information
-Answered on 12/10/2019 10:16 AM |
Q: |
"What do you mean by "Municipal water connection required"? does the house currently have city or well?" - Asked by #24760473 12/10/2019 01:16 PM |
A: |
The water is currently provided by the Vineland Developmental Institution
-Answered on 12/10/2019 10:17 AM |
Q: |
"In one of the pictures you can see a lot of water damage. How bad is the water damage? How long was the water leaking?" - Asked by #24365757 12/14/2019 10:42 PM |
A: |
The property has suffered water damage, significant in nature, and resulting in a severe reduction in the minimum bid price.
-Answered on 12/17/2019 05:55 AM |
Q: |
"Is the property located in FEMA 100 year flood zone designations?" - Asked by #570766 12/19/2019 01:14 AM |
A: |
No
-Answered on 12/19/2019 04:58 AM |
Q: |
"Does the property have a basement?" - Asked by #570766 12/19/2019 01:15 AM |
A: |
Yes
-Answered on 12/19/2019 04:58 AM |
Q: |
"Does the property have any black mold damage as a consequence from the water leak? If so, how bad is the mold damage? " - Asked by #24365757 12/19/2019 09:53 AM |
A: |
Yes, substantial enough to cause a decrease in the previous minimum bid price and will need remediation by buyer
-Answered on 12/19/2019 04:59 AM |
Q: |
"When are all non-eligible bidders disregarded? Is it throughout the auction period or are the non-eligible bidders disregarded at the end of the auction? Are all the current bidders on the property eligible? " - Asked by #24365757 12/19/2019 01:24 PM |
A: |
Only eligible bidders are permitted to participate in the auction
-Answered on 12/19/2019 10:17 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.