Famed Route 9 Family Compound to be Sold December 15th

(Islandia, NY) November 7, 2017- Maltz Auctions announced it will auction the whimsical, fifty-four acre, family compound located at 5847 Route 9, Tuckerton, New Jersey, on December 15, 2017 at 2pm on location, at the property.

“The property was purchased in 2010 by Mr. Byung Taek Kim, Chairman of the Taekwondo Association of Greater New York,” stated Maltz Auction’s President, Richard Maltz. “Mr. Kim bought the property in order to remodel it into a summer shore retreat- and private family fun park- for his family. There’s even a 1,000,000-gallon pool with a three-story watchtower and footbridge! Motorists through the years have had the opportunity to watch the property evolve. How often do you get to purchase a home with this amount of fantastical history?”

Property Details:

5847 Route 9, Tuckerton, New Jersey 08087

  • One-of-a-Kind 54.07 Acre Estate/Family Compound
    • 10,000+ Sq Ft Main Residence
    • Caretaker House (2 Apartments)
    • 1,000,000 Gallon Pool with 3-Story Watchtower and Footbridge
    • Lighted Tennis Court
    • 2 Private Ponds stocked with bass and perch
    • 2 Enclosed Paddocks and riding path
    • Green House
    • 100′ Dog Run
  • Fountains
  • Waterfalls
  • Main Residence Overview:
    • 6 Bedrooms & 5 Bathrooms
    • Tremendous 2,600+ Sq Ft Master Suite
    • Grand Staircase
  • Additional Information:
    • 1,000′ Border wall Along Route 9
    • All Fixtures to Buildings, Lights, Window Treatments & Built-In Appliances are Included in the Sale
    • All Statues and Ornaments are Excluded from the Sale
    • Block: 37   Lots: 13C, 13D, 13E, 13F & 55/56
    • Previously Listed at $3,250,000
    • $450,000 Suggested Opening Bid

Inspection/Viewing:  Available upon pre-qualification.

Auction Date & Time:  Friday, December 15, 2017 at 2:00 pm.  Registration commences at 1:00 pm.

Auction Location:  On-location at 5847 Route 9, Tuckerton, NJ 08087.

Terms & Conditions of Sale:  Property will be 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 $45,000 made payable to “Maltz Auctions, Inc.”.   Subject to sale prior to auction as pre-auction offers will be considered.  Please download the complete Terms and Conditions of Sale.

Buyer’s Premium: A ten (10%) 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.

Buyer Broker Participation:  Up to a two (2%) percent 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.

About Maltz Auctions:

Maltz Auctions is a premier, full-service auction company specializing in creating liquidity through the auction method of marketing. Now a $100+ million company with an impeccable reputation for professionalism, integrity and success, Maltz Auctions has conducted thousands of auctions and generated over $2 billion in sales on behalf of such clients as the U.S. Bankruptcy Courts and financial institutions throughout the country, the U.S. Department of Justice, the Securities and Exchange Commission, the Internal Revenue Service, N.Y. State Department of Taxation & Finance, Court Appointed Receivers, Estate Executors and Public Administrators, as well as law firms, private individuals and corporations, nationwide. Maltz Auctions is court approved to act as auctioneers, real estate brokers and receivers. The 35-year-old firm is nationally recognized as a trusted name in excellence and achievement.