Real Estate > Residential > Condominiums > # 491027

Atlantic City, NJ - Gorgeous Beachfront Condo w/ Oceanview Unit on the Boardwalk

Seller Name:	simagic
Rating:	Not yet rated
Location:	1515 Boardwalk Atlantic City, NJ 08401 United States

Asset was sold for $44,000

Number of Bids:	5
This is the final amount the asset was sold for. Winning Bid:	$44,000
Winner:	v***i
It is the floor at which bidding begins. Our system cannot accept a bid lower than the minimum bid amount. Minimum Bid:	$1
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It is the minimum dollar amount a Seller is willing to accept for an auction. This amount is not disclosed on the Web site, but bidders are notified once the reserve price has been met. Auctions with no reserve price are labeled as "No Reserve" on the auction listing. Reserve:	Met!
Status:	Sold
Auction Started:	02-02-11 06:00 AM ET
Auction Closed:	02-24-11 07:02 PM ET
Bid Increment:	$1,000
It is an extension of the auction close time and keeps an auction open as long as there is active bidding. It occurs automatically when a bid is placed within the last few minutes of an auction. The auction will remain open until an entire overtime increment has passed without any bidding. The overtime increment is indicated on the auction listing. Overtime Period:	5 minutes
Source:	Private Auction
Deposit Required:	$0
This fee is added to the winning bid amount and covers the costs associated with the auction. The buyer's premium percentage is indicated on the auction listing and displayed during the bid process. See the Settlement Requirements section of the auction for more details on the Buyer's Premium. Buyer's Premium:	10.0%
Page Views:	61889

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Asset Information

Item Specifics - Residential Properties

Residential Properties
Address	1515 Boardwalk, Unit 808 Atlantic City, NJ 08401 United States
HOA Fee	$442.00 monthly
Annual Taxes	$3419.00
Property Condition	Excellent
Water	Public Water
Sewer	Public Sewer
Appliances	Stove, Microwave, Refridgerator
Heating System	Electric Heating in Unit
Cooling System	Central Air Conditioning
Parking	Includes Parking Pass
Occupancy	Vacant

Asset Description

Additional Terms of Service

All property is sold as is, where is, with no warranties expressed or implied. It is the duty of prospective buyers to research properties to their satisfaction prior to bidding, and a bid shall constitute a binding contract, in which the buyer is agreeing to abide by the Terms of the Auction.

Inspection Details

Interested parties may inspect the property prior to bidding. Contact us through the "ask seller a question" link to arrange for inspection. Inspections must occur PRIOR TO BIDDING, there will be no inspections after the auction closes.

Settlement Requirements

The buyer is required to send a $2,000 non-refundable deposit within 3 calendar days of the auction's close. Settlement must be completed within 14 calendar days of the auction's close. The winning bidder is responsible for all closing costs. Buyer may select a title company/settlement agent of their choice.

Buyer Premium Information

This auction requires that the winning bidder pay a Buyer's Premium of 10.00% of the winning bid amount. (The Buyer's Premium covers the costs associated with the auction).

This amount will be added to the winning bid and will be included in the total purchase price paid by the Buyer to the Seller.

Payment Type

Certified/Cashier's Check

PLEASE READ CAREFULLY- Bid4Assets Real Estate Buyer Responsibilities

Some sellers buy large "pools" of under-valued properties from banks. The seller may not inspect every property prior to sale. The seller represents these properties to the best of their knowledge. In some rare cases, property may have severe damage or be subject to county/city orders not described in the auction. It is highly recommended that interested bidders arrange for an external inspection personally or through a designate and that they contact the county or city in which the property is located to confirm the status of the property.

Bid4Assets reminds all potential real estate bidders that it is your responsibility to complete all due diligence needed to determine the condition, market value, or investment value of this asset prior to placing a bid. Necessary due diligence items may include, but are not limited to,

A satisfactory inspection of the property
Completion of a title search
Investigating back property taxes and
Other - liens and encumbrances such as unpaid utility bills.

By placing a bid, you acknowledge that any statements made by the seller about the condition or market value of the property are subjective, and do not release you from your responsibility to perform due diligence. Please contact Bid4Assets if you believe that a seller is intentionally misrepresenting a property in their auction.