ALLAMUCHY, NJ — Investors and first-time homebuyers will have an opportunity to bid on nine condominiums in Old Farm Village at Panther Valley that are going on the auction block in July.
Max Spann Real Estate & Auction Co. has scheduled an auction for Tuesday, July 11 at 6 p.m. at the Allamuchy Twp. Municipal Bldg., 292 Alphano Rd., Allamuchy.
Property previews have been scheduled for Wednesday, June 28 from 4 to 6 p.m. The condominiums are located on Old Farm Rd..
The nine condominiums, which are being auctioned individually by order of the township, range from one- and two-bedroom homes. The township had acquired the units several years ago from a larger purchase of units from the original developer. While the auction units do not have any restrictions, the township purchase was part of their affordable housing plan.
“This is a great investment opportunity as these homes are already leased so the buyers can start collecting rent immediately,” said Bob Dann, head auctioneer for Max Spann. “This is also a great opportunity for first-time homebuyers”.
The community offers various membership options in the Panther Valley Golf and Country Club, a Robert Trent Jones Sr. masterpiece course with clubhouse, golf shop, locker room, four dining areas and bar for relaxing.
HARMONY TWP., NJ — Harker’s Hollow Golf & Country Club, one of the oldest country clubs in New Jersey, is going on the auction block in July.
Max Spann has scheduled the auction for July 11, 2017 at 1 p.m. at the country club, located on 950 Uniontown Rd., Harmony Township.
The 18-hole golf course is set on about 176.7 acres nestled in the hills of Scotts Mountain. Opened in 1929, the course features a classic layout designed by Robert White, the ¬ first president of the PGA of America.
The country club features a banquet hall/restaurant, St. Andrews Pub and Tee Room for casual dining as well as a locker room, pro shop, administrative offices, grounds keeping building, two tennis courts, a gated pool and a hot tub. A liquor license is included in the sale.
Alternative uses include subdividing the clubhouse and associated buildings off from the land and repurposing their use. The land could then be sold off or used for agriculture or recreation.
The country club is conveniently located off Rte. s 57 & I-78 and close to Phillipsburg. “It’s not every day that an operating country club comes on the market,” said Dann. “This is a unique opportunity for investors looking for a turn-key solution, or to repurpose the property or sell off acreage.”
“The course is 6,551 yards from the back tees, but plays much longer and harder thanks to the undulating terrain,” NewJerseyGolf.com said. “The greens are small and fast with breaks ranging from subtle to dramatic. Lopatcong Creek runs the entire length of the golf course providing additional challenge on several holes. The par-3, ¬fifth hole is the club’s signature with magni¬ficent scenery and has served as the backdrop for many weddings.”