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Bankruptcy Auction – United States Bankruptcy Court Eastern District of New York at Central Islip

In Re: JURGIELEWICZ DUCK FARM. – Case # 8-13-71436-LAS

176+ Acres Farmland & Residential Home

3 Assemblages – Available in Bulk or by Offering Assemblage

Details:

  • 10111 McCutchenville Road, Wayne, Ohio 43466
  • Located within Wood County & Elwood School District
  • Located on McCutchenville Road and Mermil Road
  • Offering #1: Comprised of 3 Tax Lots
  •    A) Parcel ID# L45-412-170000012000 (44 Acres, Unimproved)
  •   Annual Real Estate Tax: $1,448.35
  •   B) Parcel ID# L45-412-170000013000 (12 Acres, Unimproved)
  •   Annual Real Estate Tax: $675.51
  •   C) Parcel ID# L45-412-170000015000 (28.07 Acres, Improved)
  •   Annual Real Estate Tax: $830.03
  •   Improvments Include: Granary Farm, (2) Poultry Houses, Multiple Storage Sheds
  •   Structure Size Ranges from 336 Sq Ft – 4,500 Sq Ft
  •  Summary:
  •   Total Acreage: 84.07
  •   Land Use: 101 – Cash- Grain or General Farm
  •   Annual Real Estate Taxes: $2,953.89
  • Offering # 2 Comprised of 1 Tax Lot
  •    Parcel ID# L45-412-170000015001 (.63 Acres, Improved)
  •   2-Story Home Single Family Home
  •   Living Area: 1,890 Sq Ft
  •   5 Bedrooms, 1 Full Bath
  •   Full  & Finished Basement
  •   Baseboard Heat & Central Air conditioning
  •   750 Sq Ft Garage & 200+ Sq Ft Enclosed Porch
  •  Summary:
  •    Total Acreage: .63
  •    Land Use: 101 – Cash- Grain or General Farm
  •    Total Structure Size: 2,360 Sq Ft
  •    Annual Real Estate Taxes: $1,059.79
  • Offering #3: Comprised of 3 Tax Lots
  •     A) Parcel ID# L45-412-170000015002 (42.68 Acres, Unimproved)
  •    Annual Real Estate Tax: $2,357.44
  •     B) Parcel ID# L45-412-170000015003 (22.34 Acres, Improved)
  •    Annual Real Estate Tax: $1,200.26
  •    15,400 Sq Ft Structure Previously Used as Poultry House
  •     C) Parcel ID# L45-412-170000015004 (26.44 Acres, Unimproved)
  •    Annual Real Estate Tax: $1,549.99
  •  Summary:
  •    Total Acreage: 91.46
  •    Land Use: 101 – Cash- Grain or General Farm
  •    Total Structure Size: 15,400
  •    Annual Real Estate Taxes: $4,617.49
  • Combined Offering Summary:
  •    Total Acreage: 176.16
  •    Annual Real Estate Tax: $8,631.17
  •    $760,000 Minimum Bulk Bid

Viewings:  Available Upon Request.

Auction Date & Time:  Wednesday, August 26th at 12:00 noon.  Registration begins at 11:00 am.

Auction Location:  Holiday Inn Express Toledo, 5855 Hagman Rd., Toledo, OH 43612. Online/Absentee Bidding Available with Registration at Least 48 Hours Prior to Auction.

Terms & Conditions of Sale: Property will be sold free & clear of all liens, claims and encumbrances.  The Trustee, through Maltz,  has received and accepted a $725,000 offer, subject to higher or better bids with the next bid to be in the minimum amount of $760,000.  In order to register to bid, all prospective bidders must present a bank check in the amount of $20,000 to bid on Offering #1, $10,000 to bid on Offering #2, $50,000 to bid on Offering# 3 or $80,000 to bid on all three offerings in bulk, all made payable to “Robert L. Pryor, Esq., as Chapter 7 Trustee”.  Please download the complete Terms and Conditions of Sale.

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Robert L. Pryor, Chapter 7 Trustee
Pryor & Mandelup, L.L.P., Attorneys for the Chapter 7 Trustee
David R. Maltz, Auctioneer DCA# 762794
Richard B. Maltz, Auctioneer
David A. Constantino, Auctioneer
Phone (516) 349-7022 Fax (516) 349-0105

The Real Property is being sold “AS IS” “WHERE IS”“WITH ALL FAULTS”, without any representations, covenants, guarantees or warranties of any kind or nature, and free and clear of any liens, claims, or encumbrances of whatever kind or nature, with such liens, if any, to attach to the proceeds of sale in such order and priority as they existed immediately prior to the Closing, and the sale of the Real Property is subject to, among other things (a) any state of facts that an accurate survey may show; (b) any covenants, restrictions and easements of record; (c) any state of facts a physical inspection may show; (d) any building or zoning ordinances or other applicable municipal regulations and violations thereof; and (e) environmental conditions. By delivering their respective Deposits, all Bidders acknowledge that they have had the opportunity to review and inspect the Real Property, the state of title thereof and laws, rules and regulations applicable thereto, and will rely solely thereon and on their own independent investigations and inspections of the Real Property in making their bids. Neither Maltz, the Seller nor any of their collective representatives makes any representations or warrantees with respect to the permissible uses of the Real Property including, but not limited to, the zoning of the Real Property.  All Bidders acknowledge that they have conducted their own due diligence in connection with the Real Property and are not relying on any information provided by Maltz, the Seller, or their professionals.  The Real Property will be sold subject to any and all violations or conditions requiring corrective action.  The information contained herein was derived from sources deemed reliable, but is not guaranteed.  Most of the information provided has been obtained from third party sources and has not been independently verified.  It is the responsibility of the Buyer to determine the accuracy of all components of the sale and Property.  Each potential bidder is responsible for conducting his or her own independent inspections, investigations, inquiries, and due diligence concerning the Property, including without limitation, environmental and physical condition of the Property.  All prospective bidders are urged to conduct their own due diligence prior to participating in the Public Auction.  Bid rigging is illegal and suspected violations will be reported to the Department of Justice for investigation and prosecution.