5 BR Hampton Home w/ Pool
May 15, 2019 at 11:00 am
103 Waterhole Road
East Hampton, NY 11937
39 Windsor Place
Central Islip, NY 11722
Bankruptcy Auction – United States Bankruptcy Court Eastern District of New York
In Re: James Winthrop aka James J. Winthrop and Jacqueline Winthrop aka Jacqueline H. Winthrop – Case # 18-77532-las
5 BR Home with Pool
- 103 Waterhole Road, The Springs, East Hampton, NY 11937
- 5 Bedrooms & 3.5 Bathrooms
- .43 Acre Lot (18,731 Sq Ft)
- Heated In-Ground Pool (Needs Liner)
- Built in 2002
- 1/2 Mile to Clearwater Beach Property / Marina / Gardiner’s Bay
- 5 Miles to South Shore Public Beaches
- First Floor:
- 2 Bedrooms (1 with Roughed-In Full Bath)
- Dining Room
- Den with Wood Fireplace
- 1/2 Bathroom
- Second Floor:
- Master Bedroom with En-Suite Bath
- 2 Additional Bedrooms
- 1 Additional Full Bathroom
- Additional Information:
- Partial Basement (Finished)
- 2-Zone Central Air
- Gas-Fired Heating & Cooking
- In-Ground Sprinkler
- Well Water (City Water Available at Street)
- Section: 24; Block 9; Lot 14
- School District #240 – Springs
- Annual Real Estate Taxes: $7,798.46
- Currently Occupied and Delivered Vacant at Closing
Viewings: Saturdays, May 4th and 11th from 1:00 pm – 3:00 pm.
Auction Date & Time: Wednesday, May 15, 2019 at 11:00 am. Registration begins at 9:30 am.
Auction Location: The Maltz Auction Gallery, 39 Windsor Place, Central Islip, NY 11722.
Terms: Property will be sold free & clear of all liens, claims and encumbrances. In order to register to bid, all prospective bidders must present a cashier’s check in the amount of $55,000 made payable to “Richard L. Stern, Esq., as Chapter 7 Trustee”. Please download the complete Terms and Conditions of Sale.
Buyer’s Premium: A 5% 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.
Broker Participation: A 1% 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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David A. Constantino, Auctioneer
Phone (516) 349-7022 Fax (516) 349-0105
Richard B. Maltz, Licensed Real Estate Broker
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 Trustee, the Attorney for the Trustee nor any of their collective representatives makes any representations or warranties 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 Trustee, the Attorney for the Trustee, 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.