Major Residential Development Opportunity 126 Approved Units in Established Community Raleigh, North Carolina Details
Organic Farm in Hunterdon County, NJ 162+/- Acres Preserved Farmland Hunterdon County, NJ Details
UNDER CONTRACT
30 Bay Front Condominiums Minimum Bid $75,000
Previously Asking $394,500 Ocean City, Maryland Auction Date: July 31, 2010 Details
Commercial Usage 4 Bank Sites ABSOLUTE
New Jersey Auction Date: July 15, 2010 Details
By Order of the Estate 47.28+/- Acres Andover Borough, Sussex County, NJ Auction Date: July 15, 2010 Details
Multi-Tenant Building Office, Light Industrial, Local Distribution, Fulfillment Center Bloomsbury, Hunterdon County, NJ Auction Date: July 15, 2010 Details
5 Main Line Residences Minimum Bids From $150,000
Previously Asking $765,200 Ardmore, PA Auction Date: July 14, 2010 Details
24 Beach Front Residences Minimum Bids From $125,000
Previously Asking $1,800,000 Wildwood Crest, New Jersey Auction Date: June 26, 2010 Details
28 Three Bedroom Bay View Condominiums Minimum Bid $95,000
Previously Asking $699,000 Wildwood, New Jersey Auction Date: May 23, 2010 Details
15 Commercial and Investment Properties Absolute and Minimum Bids from $90,000
Open House Added for Select Properties
April 29th, 2010 12-2PM
New Jersey, New York Auction Date: May 6, 2010 Details
41 Upscale Condominiums Last Open House
Thursday April, 15th 4-7pm
Manhattan Lies At Your Doorstep
Minimum Bids from $95,000 Union City, New Jersey Auction Date: April 17, 2010 Details
4 Preserved Farms Readington Township Hunterdon County, NJ Auction Date: March 1, 2010 Details
36 New Condominiums Raleigh, North Carolina Auction Date: November 15, 2009 Details
14 New Waterfront Residences Harbour Light Condominiums
Crisfield, Maryland Auction Date: November 14, 2009 Details
SOLD
2 Luxurious Condominiums Minimum Bids from $750,000
Previously Asking $2,675,000 Ocean City, New Jersey Auction Date: June 19, 2010 Details
133 Acre Farm A Blue Ribbon Farm
Hamilton Twp, Mercer County, NJ Auction Date: June 17, 2010 Details
20 Luxury Resort Condominiums Minimum Bids from $95,000
Previously Asking up to $869,900 Millsboro, Delaware Auction Date: June 13, 2010 Details
25 Jersey Shore Condominiums Minimum Bids from $55,000
Previously Asking $256,000 Wildwood Crest, New Jersey Auction Date: May 16, 2010 Details
9 Luxury Condominiums Condominiums: Minimum Bids from $95,000
Penthouses: Minimum Bids from $200,000 Old City, Philadelphia PA Auction Date: May 15, 2010 Details
15 Beach Block Resort Condominiums Minimum Bids from $85,000
Previously Asking $550,000 Dewey Beach, Delaware Auction Date: May 1, 2010 Details
20 Riverfront Condominiums River Tower at Christina Landing
Wilmington, Delaware Auction Date: April 10, 2010 Details
Bahia Vista 1 9 Luxury Bayfront Condominiums
Ocean City, Maryland Auction Date: February 27, 2010 Details
Income Producing Bank Building Auction Date: February 16, 2010 @ 11:00am Bordentown, New Jersey Auction Date: February 16, 2010 Details
100 Acres Preserved Farmland Pittstown, Hunterdon County, NJ Auction Date: December 10, 2009 Details
5 New Townhomes The Enclave at Penn's Preserve
Willistown, Chester County, PA Auction Date: December 5, 2009 Details
Trotters Paradise 55 acres
Chesterfield Twp, Burlington County, NJ Auction Date: December 3, 2009 Details
4.4 Acres Commercial Property Online Auction
Burlington County, NJ Auction Date: December 1, 2009 Details
105 Acres Farmland Preserved Yellow Brook Farm
Colts Neck, New Jersey Auction Date: November 19, 2009 Details
25 Beach Block Condos And 2 Income Producing Investment Properties,
2.1/2 blocks from beach
Wildwood Crest, New Jersey Auction Date: October 31, 2009 Details
How do you value a dazzling farm set in the Hunterdon Hills straddling the South Branch of the Raritan River? A farm with an exotic name that embodied one man’s dream? The home of internationally acclaimed champion Malabar Man of Hambletonian fame, 1997 Harness Horse of the Year, Three-Year-Old Colt Trotter of the Year, Trotter of the Year, Sire Stakes Horse of the Year, and New Jersey Standardbred of the Year; and Gleam, winner of the distaff Hambletonian Oaks?
Malvern Burroughs, the first amateur driver ever to win the Hambletonian and owner of Malabar Farm understood that his one-of-a-kind, internationally renowned horse property required a one-of-a-kind selling process. There were no ‘market comps’ for Malabar Farm. And a potential buyer was as likely to be found half-way around the world as in Hunterdon County or even New Jersey.
SOLUTION
Mr. Burroughs turned to the Max Spann Auction Co., specialists in the auction of both one-of-a-kind and horse properties, in this case, one and the same.
The Spann Team worked hand in glove with Mr. Burroughs to prepare to auction Malabar Farm. Since a property sold at auction is sold ‘as is’, every available piece of information about Malabar Farm was assembled in a detailed ‘bidder’s package’ to facilitate pre-auction inspections as well as the post-auction closing.
They launched a global pre-auction campaign that targeted the local, regional and national market for prestigious properties as well as an overlay of the international equestrian community through ad placements in the Wall Street Journal, Plaid Horse, New York Times Magazine,Crain’s Business and other newspapers as well as on the Internet.
RESULTS
Seventeen bidders, including those from Europe and Asia gathered under the auction tent on a late June evening. One contending bidder had flown in from Arizona in his private jet, his certified check following by FedEx. Once again the Spann Team had brought buyers and seller together for the truest exercise in free market economics.
When the gavel came down, the very satisfied seller was assured of a quick and seamless closing; the exultant high bidder could begin establishing the family compound he envisioned at Malabar Farm. Another successful auction for seller, buyer, and the Spann Team.
OCEAN CITY, MD -- July 8, 2010 – Watch the sunset from your new bay front condominium centrally located on the strip in Ocean City. With minimum bids starting at just $75,000 at an auction later this month, owning a vacation home in one of the East Coast’s top beach resorts is now within reach.
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