Developer to Sell Secluded Boonton Township Estate at Auction

MONTCLAIR, N.J., Feb. 29, 2012 /PRNewswire/ -- The New Jersey office of AuctionAdvisors has announced that it will be offering for the first time a secluded estate property in Boonton Twp, NJ on Wednesday, March 21st at 3PM. The estate is surrounded by over 300 acres of preserved land.

(Photo: http://photos.prnewswire.com/prnh/20120229/NY61882)

Originally purchased for the development of a luxurious enclave with 10 high-end homes on over 98 acres, Sutter's Estate was slowly gobbled up by the town for land preservation purposes. Now a single home sits on the site which is surrounded by almost 300 acres of preserved land. "This guarantees the complete privacy of any buyer looking to purchase this estate home which itself is situated on 10 acres and located at the end of a 1,000 ft. private, circular driveway," explains Oren Klein, Managing Partner of AuctionAdvisors who is handling this auction on behalf of the current owner.

Built in the late 1980's boasting 10,000 sq. ft. of living space with a 5,000 sq. ft. basement, this home has 7 bedrooms, 7 bathrooms, an attached 3 car garage, an indoor pool, a spa, a sauna, 4 fireplaces and even an elevator. The grounds also have a tennis court and a unique heated garage that previously housed 40 classic cars on the ground floor and a 5,000 sq. ft. office upstairs.

Boonton Township is located in a very exclusive area of Morris County.  Although the property is secluded, it is located just minutes from Morristown, easily accessible to route 46 and Interstate 80 and only 29 miles to New York City.

John Dobos, Marketing Representative for AuctionAdvisors goes on to stress the point that "this is a tremendous opportunity for a potential homeowner or a developer to upgrade the interior and reposition this estate.  Never having been exposed to the market, this property's unique attributes made it hard to value appropriately and therefore positioned it well as an interesting auction property."

Please contact AuctionAdvisors at 888.243.3431 or visit www.auctionadvisors.com for more information on this unique opportunity.

AuctionAdvisors, based in the New York metropolitan area, is a full-service real estate auction company. With strategically located offices around the country, AuctionAdvisors services clients in the disposition of real estate and real estate related assets.  For a complete list of auctions and sales or to learn more about AuctionAdvisors visit www.auctionadvisors.com.

Contact: Oren Klein
Phone: 888.243.3431
Email: [email protected]

SOURCE AuctionAdvisors