5,500 SQ FT HAMPTON HOME

Auction by: Maltz Auctions

Bankruptcy Auction

Magnificent 6 BR Home in Wainscott

Live Off-Site Auction

Begins: Tuesday, December 12, 2017 at 11:00 AM EST

Location: LaGuardia Airport Marriott Hotel, 102-05 Ditmars Boulevard, East Elmhurst, NY 11369

Details

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Bankruptcy Auction – United States Bankruptcy Court Eastern District of New York

In Re: Maura E. Lynch – Case # 15-74795-AST

5,500 Sq Ft Luxurious Hampton Home

 

2 Blocks to Shops and Restaurants

 

Description:

  • 7 East Gate Road, Wainscott, East Hampton, NY 11975
  • 6 Bedrooms 
  • 4.5 Baths
  • Beautifully Landscaped .82 Acre Lot
  • In-Ground Heated Pool (20′ x 40′)
  • Recently Built
  • First Floor:
  • Gourmet Eat-in Kitchen with Top of Line Appliances (Wolf, Sub Zero, Miele & GE Monogram)
  • Formal Dining Room
  • Great Room with Fireplace
  • Den/Family Room
  • Bedroom with Private Access to Driveway and Access to Patio/Pool
  • Half Bath with Exterior Access to Patio/Pool
  • 9′ Ceilings Throughout First Floor
  • Second Floor:
  • Master Suite with En-Suite (Rain Shower & Bain Ultra Jacuzzi), Ante Room, 2 Large Walk-in Closets and Upper Patio Access)
  • Billiard/Game Room with Access to Upper Patio Area
  • 2 Bedrooms with Ensuite Baths and Walk-in Closets
  • 2 Bedrooms with Walk-in Closets
  • 1 Additional Full Bath
  • 8′ Ceilings Through Second Floor with 10′ Ceilings in Master 
  • Basement:
  • Full & Unfinished Basement with Exterior Access
  • Storage Room
  • Utility Room
  • 10.5′ Clear to Steel
  • Additional Information:  
  • Block: 100;  Section: 19700;  Block: 100;  Lot: 26004
  • 3,000+ Sq Ft of Covered & Uncovered Patio & Decking
  • Attached 2-Car Garage
  • Fuel: Propane
  • Heat: Forced Hot Air
  • Central Air Conditioning
  • 4-Zones
  • Heating System: 2 Weil McClain Gold CGA Furnaces
  • Hot Water System: 2 Weil McClain Plus 100 Indirect Hot Water Heaters
  • Central Vacuum System
  • Wainscott School District
  • 1.8 Miles to Beach Lane Town Beach
  • 3.5 Miles to Bridgehampton Train Station
  • 3.8 Miles to East Hampton Train Station
  • Annual Real Estate Taxes: $6,963.98 

 

Inspection/Viewing: Friday, December 1st, Saturday, December 2nd & Sunday, December 10th from 11:00 am – 2:00 pm.

Auction Date & Time:  Tuesday, December 12, 2017 at 11:00 am.  Registration commences at 9:30 am.

Auction Location:  NY LaGuardia Airport Marriott Hotel, 102-05 Ditmars Boulevard, East Elmhurst, NY 11369.

Terms & Conditions of Sale: Property will be sold free & clear of all liens, claims & encumbrances. In order to register to bid, all prospective bidders must present a bank check in the amount of $175,000 made payable to “R. Kenneth Barnard, Esq., as Chapter 7 Trustee”.  Please download the complete Terms & Conditions of Sale. 

Buyer’s Premium: A five (5%) 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.

 

R. Kenneth Barnard, Esq., Chapter 7 Trustee
LaMonica Herbst & Maniscalco, LLP, Attorneys for the Chapter 7 Trustee
 Richard B. Maltz, Auctioneer DCA# 1240836
David A. Constantino, Auctioneer DCA# 1424944
 Richard B. Maltz, Licensed Real Estate Broker
Phone (516) 349-7022  Fax (516) 349-0105

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 warrantees 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.

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