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5 BR Home – Half Acre
Bankruptcy Auction

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Online Bidding

Starts:
September 20, 2022 at 11:00 am

Ends:
September 22, 2022 at 11:00 am

Viewings

September 12, 2022
from 10:00 am to 1:00 pm

September 19, 2022
from 10:00 am to 1:00 pm

2022-09-22 11:00AM

Property Location

351 Orienta Avenue
Mamaroneck, NY 10543

Bid

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Details

United States Bankruptcy Court Southern District of New York

In Re: Lawrence Charles Palumbo – Case No.: 22-22184-SHL

5 Bedroom Handyman Special – Spectacular Half-Acre Lot

The Property will be sold Vacant of Any Occupancies Per Court Document 47 
Order Compelling The Debtor to Comply (Click Here)

 

351 Orienta Avenue, Mamaroneck, Westchester County, NY 10543

  • 5 Bedrooms & 2.5 Bathrooms
  • 3,926 Sq Ft Living Space
  • Partial Unfinished Basement (Remainder Crawlspace/Storage)
  • Attached 2-Car Garage
  • Wide Private Driveway
  • Full Attic
  • Magnificent .51 Acre Substantially Flat & Usable Property – Parklike Backyard
  • 55,000 Gallon In-Ground Gunite Pool with Built-In Hot Tub & 450,000 BTU Gas Heater
  • 1st Floor:
  • Eat-In Kitchen
  • Family Room with Wood-Burning Fireplace & Patio Access
  • Dining Room
  • Living Room
  • Entry Foyer
  • Bedroom with Private Access Through Garage
  • Half Bathroom
  • Mudroom with Laundry
  • 2nd Floor:
  • Master Bedroom with Ensuite Bathroom & Large Sitting Room
  • 3 Additional Bedrooms
  • 1 Additional Full Bathroom
  • Basement:
  • Partial & Unfinished (Remainder of Basement Crawlspace)
  • Storage & Utilities
  • Additional Information:
  • Tax Map ID: 9-26-215
  • R-15 Zoning (One Family: 15,000 Sq Ft)
  • Mamaroneck School District
  • Fuel: Gas
  • Heat: 2-Zone Hot Water Baseboard
  • 75 Gallon Hot Water Heater
  • Town Water Used for Home
  • Well Water Used for Sprinklers and Pool
  • Central Air Conditioning
  • Year Built: 1973
  • 2022 Mamaroneck Assessors Value: $1,651,000
  • Annual Real Estate Taxes: $40,510.63 (Including Village Tax)
  • Currently Occupied & Delivered Vacant at Closing
  • $890,000 Minimum Bid

Click Here for a Virtual Tour


Viewings: Monday, September 12th (EXTERIOR ACCESS ONLY) and Monday, September 19th from 10:00am – 1:00pm.

Pre-Registration Required to Bid:  You must send in signed Terms & Conditions of Sale, signed Online Bidding Form, and an $89,000 deposit to be approved for bidding.

Auction Date: Online-Only Bidding will open Tuesday, September 20, 2022 at 11:00 AM and is scheduled to close on Thursday, September 22, 2022 at 11:00 AM.  Visit RemoteBidding.MaltzAuctions.com or download the Maltz Auctions App on the Apple Store or Google Play.

Bidding Process: If a bid is placed with less than one minute remaining, the bidding period will be extended so one minute remains for competing bids to be entered.  If any further bidding occurs, the extension timer will reset to one minute.  Once no further bidding activity occurs, the sale closes when the time runs out.

Terms & Conditions of Sale: The Real Property will be sold free and clear of any and all interests including, but not limited to, monetary liens, claims and encumbrances.*  In order to register to bid, all prospective bidders must Deliver a cashier’s check in the amount of $89,000 made payable to “Marianne T. O’Toole, Chapter 7 Trustee”, signed Terms & Conditions of Sale, and signed Online Bidding Form to Maltz Auctions at 39 Windsor Place, Central Islip, NY 11722 before Monday, September 19, 2022 at 2:00 pm.  Please download the complete Terms & Conditions of Sale.

Buyer Broker Participation: A two percent (2%) commission will be paid to any properly licensed Buyer Broker who registers a successful buyer in accordance with the Buyer Broker guidelines.  Please download the Broker Participation form for details.

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Documents

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Marianne T. O’Toole, Chapter 7 Trustee
LaMonica Herbst & Maniscalco, LLP, Attorneys for the Chapter 7 Trustee
Richard B. Maltz, Auctioneer
David A. Constantino, Auctioneer
Richard B. Maltz, Licensed Real Estate Broker

*The Property is being sold “AS IS” “WHERE IS”, “WITH ALL FAULTS,” without any representations, covenants, guarantees or warranties of any kind or nature whatsoever, and free and clear of any and all interests including, but not limited to, occupancies, liens, claims, encumbrances, interests, judgments and/or mortgages, or adverse claims to title, of whatever kind or nature (collectively, “Interests”), with such Interests, if any, to attach to the proceeds of sale in such order and priority as they existed immediately prior to the entry of the Order for Relief against the Debtor, and subject to, among other things: (a) any state of facts that an accurate survey may show; (b) any state of facts a physical inspection may show; (c) any covenants, restrictions and easements of record; (d) any building or zoning ordinances or other applicable municipal regulations and violations thereof; and (e) environmental conditions.  By delivering Qualifying Deposits, each bidder acknowledges that it has had the opportunity to review the state of title thereof and laws, rules and regulations applicable thereto, and will rely solely thereon and on its own independent investigation of the Property in making its bids. Neither the Trustee nor any of her representatives make any representations or warranties with respect to the permissible uses of the Property, including, but not limited to, the zoning of the Property. Each bidder acknowledges that it has conducted its own due diligence in connection with the Property and is not relying on any information provided by the Trustee and her professionals.

All prospective bidders are responsible for conducting their own independent inspections, investigations, inquiries, and due diligence concerning the property including, without limitation, the 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.