$122,850 Minimum bid for a LB house on a 9,200 sqft lot [Auction houses]

RE: NY STATE “OWNED” SANDY-DAMAGED HOMES FOR SALE….

These auction houses are starting to pop up on RE websites like Trulia.com. With a minimum bid of $122,850 is this beauty at 766 Neptune Blvd. YIKES! [LINK]

Note: Last sold  for $351,871 (To NY STATE) on 07/29/14

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“The For Sale price above is the minimum bid for this property, which will be AUCTIONED on May 19-20 as part of a major Long Island auction event! Paramount Realty USA (www.prusa.com) proudly presents a rare opportunity to purchase one or more of 150 residential properties throughout Nassau & Suffolk Counties that were damaged by Superstorm Sandy and other storms at a rare 2-day auction. Nearly 100 waterfront and water view properties in 26 towns will all be auctioned at low minimum bids. For open house schedule, significant due diligence information and auction details, visit www.prusa.com now!

 

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2 thoughts on “$122,850 Minimum bid for a LB house on a 9,200 sqft lot [Auction houses]”

  1. You’re a dope if you buy that property and don’t knock the house down to build something new. That said, if you can pick up a piece of property that large with bay views for under $200k, you are definitely doing it right.

  2. BitByKrmn is correct. It’s a land deal. I wouldn’t be surprised if it goes over $200,000.
    9,200 sq feet is a large lot for Long Beach. Depending on the zoning, it might be sub divided.

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