{"id":23269,"date":"2016-07-22T07:35:55","date_gmt":"2016-07-22T11:35:55","guid":{"rendered":"http:\/\/www.propertyshark.com\/Real-Estate-Reports\/?p=23269"},"modified":"2024-03-22T12:06:57","modified_gmt":"2024-03-22T10:06:57","slug":"water-mill-home-goes-to-auction-with-a-lien-of-just-2-6m","status":"publish","type":"post","link":"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/2016\/07\/22\/water-mill-home-goes-to-auction-with-a-lien-of-just-2-6m\/","title":{"rendered":"Water Mill Home Goes to Auction with a Lien of \u201cJust\u201d $2.6M"},"content":{"rendered":"<p><em>A two-story, 6,600 sq ft home in northwest Water Mill is scheduled for auction on August 25<sup>th<\/sup> 11:15 PM, at the Southampton Town Hall, with a mortgage lien of $2.6M.<\/em><\/p>\n<p>Even the exclusive Hamptons community occasionally opens up a back door for new residents to enjoy its lifestyle. For the more budget-minded real estate shopper, a perfectly timed <a href=\"https:\/\/www.propertyshark.com\/mason\/NY\/Suffolk-County\/Foreclosures\">foreclosure auction<\/a> just might be that rare opportunity. <a href=\"https:\/\/www.propertyshark.com\/mason\/Property\/33737410\/10-Water-Mill-Hts-Water-Mill-NY-11976\/\">One such home<\/a> in the lovely low-key Water Mill community is coming up for auction on August 25<sup>th<\/sup>, having a mortgage lien of $2.6M and a more than generous 6,600 square feet to live in.<\/p>\n<p>Current listings on the market with similar square footage and in close vicinity are asking more than double the amount, between $5M and $6M. Although information on interior design and appliances is unavailable for a clearer comparison, the starting bid on this auction would still likely represent a massive discount on the property\u2019s real value.<\/p>\n<p>The two-story property is located on the north-western outskirts of Water Mill\u2019s 11976 zip code, <a href=\"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/most-expensive-zip-codes-in-the-us\" target=\"_blank\" rel=\"noopener\">the 13<sup>th<\/sup> most expensive zip code<\/a> in all 50 States and one that Jennifer Lopez, among other celebrities, calls home.<\/p>\n<p>Like most homes in the Hamptons, it sits on a far-reaching lot &#8211; more than 4 acres &#8211; and counts 2 kitchens, 5 bedrooms, 6 baths, a pool and a fireplace.<\/p>\n<p>Built in 2002, this is the first time the property has been scheduled for auction. However, it has gone into <a href=\"https:\/\/www.propertyshark.com\/mason\/NY\/Suffolk-County\/Pre-Foreclosures\">Lis Pendens<\/a> 6 years prior for a mortgage lien of $2M, lien that plaintiff JP Morgan Chase Bank is now resolute to reclaim.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A two-story, 6,600 sq ft home in northwest Water Mill is scheduled for auction on August 25th 11:15 PM, at the Southampton Town Hall, with a mortgage lien of $2.6M. Even the exclusive Hamptons community occasionally opens up a back door for new residents to enjoy its lifestyle. For the more budget-minded real estate shopper,&hellip;<\/p>\n","protected":false},"author":45,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[247,283],"tags":[],"class_list":["post-23269","post","type-post","status-publish","format-standard","hentry","category-hamptons-real-estate","category-new-york-foreclosures"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Water Mill Home Goes to Auction with a Lien of \u201cJust\u201d $2.6M - PropertyShark Real Estate Blog<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/2016\/07\/22\/water-mill-home-goes-to-auction-with-a-lien-of-just-2-6m\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Water Mill Home Goes to Auction with a Lien of \u201cJust\u201d $2.6M\" \/>\n<meta property=\"og:description\" content=\"A two-story, 6,600 sq ft home in northwest Water Mill is scheduled for auction on August 25th 11:15 PM, at the Southampton Town Hall, with a mortgage lien of $2.6M. Even the exclusive Hamptons community occasionally opens up a back door for new residents to enjoy its lifestyle. For the more budget-minded real estate shopper,&hellip;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/2016\/07\/22\/water-mill-home-goes-to-auction-with-a-lien-of-just-2-6m\/\" \/>\n<meta property=\"og:site_name\" content=\"PropertyShark Real Estate Blog\" \/>\n<meta property=\"article:published_time\" content=\"2016-07-22T11:35:55+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-03-22T10:06:57+00:00\" \/>\n<meta name=\"author\" content=\"Adela Muresan\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Adela Muresan\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Water Mill Home Goes to Auction with a Lien of \u201cJust\u201d $2.6M - PropertyShark Real Estate Blog","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/2016\/07\/22\/water-mill-home-goes-to-auction-with-a-lien-of-just-2-6m\/","og_locale":"en_US","og_type":"article","og_title":"Water Mill Home Goes to Auction with a Lien of \u201cJust\u201d $2.6M","og_description":"A two-story, 6,600 sq ft home in northwest Water Mill is scheduled for auction on August 25th 11:15 PM, at the Southampton Town Hall, with a mortgage lien of $2.6M. Even the exclusive Hamptons community occasionally opens up a back door for new residents to enjoy its lifestyle. For the more budget-minded real estate shopper,&hellip;","og_url":"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/2016\/07\/22\/water-mill-home-goes-to-auction-with-a-lien-of-just-2-6m\/","og_site_name":"PropertyShark Real Estate Blog","article_published_time":"2016-07-22T11:35:55+00:00","article_modified_time":"2024-03-22T10:06:57+00:00","author":"Adela Muresan","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Adela Muresan","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/2016\/07\/22\/water-mill-home-goes-to-auction-with-a-lien-of-just-2-6m\/","url":"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/2016\/07\/22\/water-mill-home-goes-to-auction-with-a-lien-of-just-2-6m\/","name":"Water Mill Home Goes to Auction with a Lien of \u201cJust\u201d $2.6M - PropertyShark Real Estate Blog","isPartOf":{"@id":"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/#website"},"datePublished":"2016-07-22T11:35:55+00:00","dateModified":"2024-03-22T10:06:57+00:00","author":{"@id":"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/#\/schema\/person\/ad526b5abfeb3ccae48da2359441f462"},"breadcrumb":{"@id":"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/2016\/07\/22\/water-mill-home-goes-to-auction-with-a-lien-of-just-2-6m\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.propertyshark.com\/Real-Estate-Reports\/2016\/07\/22\/water-mill-home-goes-to-auction-with-a-lien-of-just-2-6m\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/2016\/07\/22\/water-mill-home-goes-to-auction-with-a-lien-of-just-2-6m\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/"},{"@type":"ListItem","position":2,"name":"Water Mill Home Goes to Auction with a Lien of \u201cJust\u201d $2.6M"}]},{"@type":"WebSite","@id":"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/#website","url":"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/","name":"PropertyShark Real Estate Blog","description":"Market Reports for Real Estate Writers","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/#\/schema\/person\/ad526b5abfeb3ccae48da2359441f462","name":"Adela Muresan","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/ca3b2a93f3858ab851fc1b7bbccec9bc23f5a3f25a9580e6831601d50373a98b?s=96&d=retro&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/ca3b2a93f3858ab851fc1b7bbccec9bc23f5a3f25a9580e6831601d50373a98b?s=96&d=retro&r=g","caption":"Adela Muresan"},"url":"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/author\/adela-muresan-2\/"}]}},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/wp-json\/wp\/v2\/posts\/23269","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/wp-json\/wp\/v2\/users\/45"}],"replies":[{"embeddable":true,"href":"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/wp-json\/wp\/v2\/comments?post=23269"}],"version-history":[{"count":6,"href":"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/wp-json\/wp\/v2\/posts\/23269\/revisions"}],"predecessor-version":[{"id":36681,"href":"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/wp-json\/wp\/v2\/posts\/23269\/revisions\/36681"}],"wp:attachment":[{"href":"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/wp-json\/wp\/v2\/media?parent=23269"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/wp-json\/wp\/v2\/categories?post=23269"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/wp-json\/wp\/v2\/tags?post=23269"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}