5+ Acre Hamptons Estate
Bankruptcy Auction

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Online Bidding

Starts:: March 28, 2023 at 11:00 am
Ends:: March 30, 2023 at 11:00 am

Viewings

March 17, 2023: from 10:00 am to 1:00 pm
March 24, 2023: from 10:00 am to 1:00 pm

Property Location

87 Castle Hill Court
Southampton, NY 11968

Bidding Info

Bid

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Details

United States Bankruptcy Court Eastern District of New York

In Re: Zoltan Karoly Kovacs – Case No.: 18-75875 (LAS)

5+ Acre Southampton Estate – Main Residence + Secondary Structure

Stalled Renovation – Main Residence is Appx. 75% Complete

Click Here for a Virtual Walkthrough

87 Castle Hill Court, Southampton, NY 11968

Main Residence:

4 Bedrooms & 5 Bathrooms
Situated on a 5.14 Private Lot (223,898 Sq Ft)
- Electric, Plumbing, and HVAC Duct Work In Place
Estimated 3,500 Sq Ft Luxury Home With Full & Unfinished Basement/Garage
3 Primary Suites with En-suite Bathrooms & Balcony Access with Backyard Views
1 Additional Bedroom with En-suite Bathroom
Elevator Servicing Basement, 1st Floor & 3rd Floor
Heated pool
Current Configuration Below

First Floor:

Eat-In-Kitchen with Breakfast Nook
Great Room with propane Fireplace
Dining Room
Family Room
Bedroom/Office with Private Full Bathroom
Powder Room
Grand Entry foyer
Vaulted Ceiling in Kitchen, Dining Room, Living room and Entry Foyer

Second Floor:

Potential Bedroom/Additional Family Room/Playroom
sitting Area

Third Floor:

3 Master Bedrooms with En-suite full Bath (Exterior Balcony Access with Property/Pool Area Views)
Additional Bedroom with En-suite Full Bath

Basement:

Multi-Car Garage
Utility Room
Electric Room
Laundry Room
Full Bathroom

Secondary Structure (Current Configuration):

3 Bedrooms with En-suite Full Bathrooms
Kitchen Prep Area with Subzero & Miele Appliances
2 Living Rooms with Wood Burning Fireplaces, 1 with Wrap-Around Elevated Deck
Utility Room
Fuel: Propane
Boderus Tankless System
8-Zone Radiant Heat
Central Air

Additional Information:

Section: 79 Block: 1 Lot: 56.6
School District: Southampton
Hiking Trails Nearby
Fuel: Propane
Annual Real Estate Taxes: $11,657.95
$2,185,000 Minimum Bid

Viewings: Fridays, March 17th and 24th from 10:00 am – 1:00 pm.

Pre-Registration Required to Bid: You must send in signed Terms & Conditions of Sale, signed Online Bidding Form, and a $218,000 deposit to be approved for bidding. All items must be received by Maltz Auctions on or before Monday, March 27, 2023 at 4:00 PM.

Auction Date: Online-Only Bidding will open Tuesday, March 28, 2023 at 11:00 am and is scheduled to close on Thursday, March 30, 2023 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: Sold free and clear of all monetary liens. In order to register to bid, all prospective bidders must present a cashier’s check in the amount of $218,000 made payable to “Allan B. Mendelsohn, 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, March 27, at 4:00 pm.

Buyer’s Premium: A four (4%) percent Buyer’s Premium will be added to the Successful Bidder’s high bid to determine the contract price to be paid by the successful bidder.

Documents

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Have Questions? Get In Touch

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Allan B. Mendelsohn, 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
Phone (516) 349-7022 Fax (516) 349-0105

This Property is being sold on an “AS IS, WHERE IS” basis, and no warranty or representation, either expressed or implied, concerning the Property is made by the Trustee, Attorney for the Trustee, Auction Company or any of their Agents. 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 and/or Buyer’s Broker 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.

5+ Acre Hamptons Estate Bankruptcy Auction