Perillo Auction and Liquidation Services, Inc. ( www.PerilloAuction.com ) announces the fax-bid auction of a 98-acre landscape and tree farm, according to Fran Brunelle, president.
The property consists of a beautifully and fully renovated 4 bedroom 3.5 bath home with over $350,000 worth of renovations. The 98 acres host 70,000 landscape trees at various stages of growth, with an average sale price of $50 per tree.
“This is an exciting project,” said Brunelle. “The sale of the trees could potentially pay for the entire property. With 98 acres and a one acre residential minimum, there is huge development possibility as well.”
The property will be offered subject to a $1.2 million reserve price, and the owners will consider offers both with and without tree rights.
The auction method of marketing real estate is the fastest growing segment of the auction industry according the National Auctioneers Association. Growing numbers of people are turning to the auction method to accelerate the sale process during slow economic times.
The bid deadline for the tree farm is August 26. Open houses are scheduled on August 19 and August 23. For more information call 908-237-9600 or obtain a complete bidder’s package at www.PerilloAuction.com.
