It took 28 individual bids at the auction before Madison resident Edmund Mormile won the right to purchase the forlorn property at 63 North Main Street in Essex. The purchase price was $142,000. “I have always liked Essex,” auction winner Mormile said after his successful bid had been recognized.
Essex Attorney Jeannine Myszkowski, who conducted the auction, did so by acknowledging numbered cards held up by bidders who wanted their bids to be recognized. Soon there were only three bidders still in the completion, holding up their numbered cards. Finally, there was only one numbered card still being held up by a bidder, willing to pay the last and highest bid price.
The auction was over, and Mormile was the winner. To make it official Attorney Myszkowski brought down the gavel and declared his was the winning bid. The auction took no more than 30 minutes. “I was pleased with the result,” she said after the auction was over. She also ventured the opinion that to her the North Main Street property “looks like a teardown.”
To Tear Down or Not to Tear Down
However, auction winner Mormile said after his victory that he was not willing to concede that the present structure could not be rebuild; although he said that building a new structure was an option. Either way, he said, there was a real possibility that he and his wife would move and live in Essex on the site.
Auction winner Mormile is a retired educator, and he has a real estate license as well. He said that before making his bid, “I worked the numbers, and it made sense to do what I did today.” “It’s in a beautiful area,” he said, and the North Main location of the property was “a motivating factor to me” in purchasing the property.
One final note, the sale must be approved by the state Superior Court.