Real Property Auction
SEALED BID POSTED — RESULTS — 218 Western Avenue, Rice Building
The County received four (4) sealed bids for purchase of the structure at 218 Western Ave (the former Rice Building). They are as follows:
BID AMOUNT NAME of BIDDER
- $920,000.00 Shanaz Mashud
- $801,000.00 Guryam Singh, Mohammed Manik
- $761,999.00 Enterprise Consulting Solutions
- $664,004.92 Mark Basco
No further auctions are scheduled at this time. To be added to USPS notifications for future auction listings, please email your postal mailing address to: firstname.lastname@example.org .
Last Updated--7/27/2015 There are currently no other Auction Dates scheduled at this time. Please check back in September 2015 for updated information regarding potential auction sales.
IMPORTANT INFORMATION about QUALIFYING to BID
for Albany County AUCTION
You can pre-register at any time for future auction dates! If you have already been pre-approved for auction bidding in 2014, you do not need to re-submit the pre-registration form. If you did not bid in 2014 please bring a photo ID to Room 800 at 112 State Street and pre-register for the auction. New bidders will need to submit a completed pre-qualification form with their photo ID. See: PRE-QUALIFIED BIDDER FORM
The County runs background checks on all bidders to ensure that there are no codes, bankruptcy or other legal issues impacting property ownership. You must list all properties owned by the bidders. The names registered will be the names on the deed, so please make sure that information is updated and accurate when registering.
Please remember that if the County cannot confirm that you have examined the property folders and inspected the properties on-site, your Sealed Bid RFB will be rejected.
Please Note Property Conditions...
These properties came into County ownership due to unpaid taxes—in many cases the assessed value exceeds the taxes that were owed.
The former owner abandoned the property to foreclosure rather than sell it for $1,000 above taxes owed. You need to figure out why. Do your research and bid only on those that you have fully investigated
- Buildings are bought AS IS—no guarantee of condition;
- If you have not seen the property, do not bid on it;
- If you have not read the Property Folders, do not bid;
- Eviction of Occupants is the responsibility of the bidder after closing.
It is a Good Idea to Check:
- Current Water and Sewer Bills;
- Past Codes Violations;
- Current Year Tax Bill (will be pro-rated at closing);
- Zoning and Planning Allowed uses after closing—prior use does not guarantee future zoning .
ALSO CHECK ONLINE UPDATES and ANNOUNCEMENTS CAREFULLY DURING AUCTION SEASON and BE SURE to READ the PAGE: IMPORTANT NOTES about Bidding on Foreclosed Properties
All posted announcements take precedence over previously printed materials. This is how the County corrects, updates, adds or deletes information before the bidding ends.
ALBANY COUNTY DOES NOT PROVIDE TITLE INSURANCE ON ANY PARCEL SOLD. We strongly recommend that bidders secure title searches prior to bidding and/or closing on properties.
AUCTIONS WILL ONLY BE HELD IF THERE ARE PROPERTIES IN COUNTY OWNERSHIP. Property listings become available online and in print approximately five (5) weeks prior to auction day. An informational meeting will be held 10-15 days prior to the auction. Property files will be available afterward for public viewing.
Please check our website each month!