IRS Auction - Sales Ad for Sag Harbor, NY

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Notice of Public Auction Sale

Under the authority in Internal Revenue Code section 6331, the property described below has been seized for nonpayment of internal revenue taxes due from Taxpayer. The property will be sold at public auction as provided by Internal Revenue Code section 6335 and related regulations.

Date:

7/27/2012

Time:

11:30 AM

Bidder Registration Time:

10:30 AM

UPDATE - NEW MINIMUM BID AMOUNT

Sale Location:

I. R. S. Office, 1180 Veterans Memorial Highway, Hauppauge, N.Y. 11788

Title Offered:

Only the right, title and interest of the Taxpayer in and to the property will be offered for sale. If requested, the Internal Revenue Service will furnish information about possible encumbrances, which may be useful in determining the value of the interest being sold.

Description of Property:

Two story Victorian frame house, 1392 square feet; Six rooms consisting of three bedrooms & two baths, on 0.27 acres, with a detached garage.

Property May Be Inspected at:

Drive - By Only. Do not enter on the property at any time.

Legal Description:

One Real Estate property commonly known as 50 Jermain Avenue - Sag Harbor, NY 11963;
tax map # 0903-00600-0200-006000, described as follows:

ALL that certain plot, piece, or parcel of land, with the buildings and improvements thereon erected, situate, lying and being in the Village of Sag Harbor, Town of Southampton, County of Suffolk, and State of New York, bounded and described as follows: BEGINNING at a point on the southeasterly side of Jermain Avenue (formerly known as South Street) where same is intersected by the westerly line of land now or formerly of Gereche, said point being distant 1135.15 feet southeasterly as measured along the southeasterly side of Jermain Avenue from the corner formed by the intersection with the southwesterly side of Suffolk Street; RUNNING THENCE along said land of Gereche, South 29 degrees 11 minutes 05 seconds East, 338.53 feet to land now or formerly of Eaton Engravers Machinery Corp.; THENCE along said last mentioned land, South 57 degrees 07 minutes 25 seconds West, 20 feet to land now or formerly of Kluge; THENCE along said land of Kluge, North 24 degrees 57 minutes 35 seconds West, 338 feet to the southeasterly side of Jermain Avenue; and THENCE North 62 degrees 29 minutes 35 seconds East along the southeasterly side of Jermain Avenue, 49 feet to the place of BEGINNING.
The party of the first part herein is the same person as the grantee in deed dated August 25, 1980, recorded in Liber 8876 Cp 306 on September 03, 1980.

Encumbrances Note:

Subject to approximately $25,000 Mortgage.

Minimum Bid:

$230,000

Click here for Mail-in Bid Form
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The Terms of Payment:

$80,000. at time of sale, and balance by 08/24/2012.

Form of Payment:

All payments must be by cash, certified check, cashier´s or treasurer´s check or by a United States postal, bank, express, or telegraph money order. Make check or money order payable to the United States Treasury.

For additional information about the property and proposed sale, please contact the following office:

Name:

Bob DiGregorio

Title:

Property Appraisal and Liquidation Specialist

Bureau:

Internal Revenue Service

Address:

110 W. 44th St.
9th Floor - PALS
New York, NY, 10036

Phone:

(212) 719-8107

Mobile: