109 Post Road, a historic manor in Old Westbury built in 1776, has been scheduled for auction on October 11th, having a lien amount of $2,225,611. The large judgement amount has earned the property the undesirable status as this year’s most expensive home in foreclosure in Nassau County.
Our records show the property was bought in 2006 for $1,700,000 and in late 2009 was put on the market with an asking price of $2,399,000, a price that remained unchanged until now. According to the listing description the house boasts 22 rooms, 7 bedrooms, and a huge carriage/pool house with home theater, wet bar, baths and lockers.
Despite the property being scheduled for auction, the auction may not actually take place. Auctions get postponed or halted many times. In a similar case this year, the owners of a pricey estate in Roslyn Heights avoided the auction of their property and managed to sell it several months later for $1.4 million, about $700,000 less than the lien amount (most probably a short sale).