New London Waterford Speed Bowl
SOLD with the help of CarProperty.com
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Description: |
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| SOLD for $1,750,000 on October 18, 2014 via Bankruptcy Auction Key Property Sale & Foreclosure Events: • April 2014 — Public Listing: Amid mounting legal issues, then-owner Terry Eames placed the 26-acre property on the open market with a listing price of $3.3 million. The listing was an effort to secure standard financing or a buyer ahead of a court-mandated foreclosure auction. • October 18, 2014 — Foreclosure Auction: Failing to stave off foreclosure, the property went to a public auction held directly at the race track. Glastonbury businessman Bruce Bemer (owner of Bemer Petroleum) emerged as the highest bidder, purchasing the track for $1.75 million. • July 2014 / Official Settlement: Real estate databases record the official closing and property valuation change at $3.3 million, which aligned with the initial market valuation before Bemer's auction transaction was ultimately finalized and accepted by the supervising judge. www.speedbowlct.com/ |
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Members profile: |
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| Advertised by: | Waterford Speedbowl (click here to see full profile) |
| Email: | Email Advertiser |
Ad Details |
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| Property is | Sold |
| Garage Spaces (put 0 if this does not apply) | 30.00 |
| Price Info | 1750000.00 |
| Price: | $3,300,000 USD |
| Type of Race Tracks | Oval Track (Dirt), Oval Track (Paved), Go Kart Track |
| Type of space | Other, Garage Storage Space, Auto Restoration Facilities |
| Business Name | New London Waterford Speed Bowl |
Website |
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| Website | https://www.speedbowlct.com/ |
Location |
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| View on map | |
| Address | 1080 Hartford Turnpike |
| City | Waterford |
| State | CT |
| Postal Code | 06385 |
| Country | USA |
Call Me! |
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| Phone | 860-574-9010 |
| Ad id: | 8645454 |
| Region: | |
| Views: | 26604 |