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Linglestown Gazette: Linglestown real estate auction a bust

Tuesday, September 11, 2007

Linglestown real estate auction a bust

No bidders showed up at the auction Monday evening for properties on the northwest corner of the Linglestown square. "For rent" signs have been posted in the windows of the former St. Thomas Creamery.

5 Comments:

At 12:04 PM, Anonymous bakabaka said...

I was wanting to drop by to watch the festivities but just didn't make it away from work in time. Had they set any auction terms such as minimum bid?

 
At 12:19 PM, Blogger BB said...

$25,000 in guaranteed funds was required to bid on the property. Otherwise, I couldn't find any other financial requirements.

According to auction terms and conditions, the assessed value of the four properties is $241,700.

 
At 3:52 PM, Anonymous bakabaka said...

That's a price I'd pay! :)

Thank you.

 
At 4:55 PM, Anonymous Q said...

I would have liked to see the faces on the owners...

 
At 4:09 PM, Blogger BB said...

There must have been a preset minimum bid. Bidders needed $25,000 to take a crack at the four properties.

 

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