After literally years of waiting, Essex’s number one eye sore, the decaying property at 63 North Main Street at the corner of New City Street and across from busy Grove Street, will be up for sale at a court-ordered, public auction on Saturday, Jan. 25. The auction will begin at noon and persons wishing to inspect the property beforehand can view it from 10 a.m. on the day of the auction.
A $150 deposit by check will be required from all bidders at the auction. The checks should be made payable the bidders themselves, and they should be given before the auction to Essex-based Attorney Jeannine M. Wyszkowski, who is conducting the auction. She will hold the checks until the conclusion of the auction. Then she will return all checks, except the check of the winning bidder, whose check will be retained.
To answer further questions about the auction, Attorney Wyszkowski can be reached at her law office at 860-767-0195, or by writing her at P.O. Box 393, Essex, CT 06046. To date Attorney Wyszkowski says there has been “lots of interest” from potential buyers of the property being auctioned.
A number of prospective buyers have told Attorney Wyszkowski that they would renovate the present property on the site, if they had the winning bid. Others have told her that they would tear down the present building on the site and put up a new one. In addition, there has been some discussion of turning the property into a public pocket park.
How the Auction Will Proceed
As to how the auction will proceed, the bank that presently holds the property may make an opening bid of $130,000, according to Attorney Wyszkowski. Then, after this sum has been announced, she might ask for a bid of $140,000. If this bid accepted, and there is no further bidding, that would be the final sale price of the property. Or, of course, if there were other bids from registered buyers, the bid price could go higher and higher.
Attorney Wyszkowski is confident that the bidding will go smoothly. “I have done it before,” she says.