News Flash

News & Announcements

Posted on: December 10, 2020

First Virtual Public Auction for City-Owned Properties Breaks Previous Record

372 Participants Bid on All 49 Listed Properties through New Online Portal, Including Tenant Who Placed Winning Bid on Rental Property

Trenton, N.J. – Mayor W. Reed Gusciora today announced the successful completion of Trenton’s first virtual auction, which sold 49 city-owned properties for a total of $4.15 million in winning bids.

Most of the 49 properties are residential and require the bidder to commit to living at the property for five years. The auction included multiple commercial properties and vacant lots as well.

The auction was run by Trenton’s Department of Housing and Economic Development (HED), which partnered with New Jersey-based government software provider GovPilot to develop a new web-based portal where prospective bidders could register, make a deposit, and bid on each property electronically.

The previous auction on Sept. 16, 2019 sold 76 properties for $2.92 million. Not only did yesterday’s auction attract $4.15 million in winning bids, the online format also allowed for improved participation with 372 registered bidders, which greatly exceeded the previous 75-person limit from past auctions in City Council chambers.

“Successful auctions are key to our redevelopment efforts, especially when they get promising properties into the hands of tax-paying residents who can renovate them for the benefit of the surrounding community,” said Mayor Gusciora. “And with the residency requirement for many of these properties, we know they will be cared for by Trentonians who are proud to finally own a stake in their hometown.”

41 properties were sold to unique bidders. Only four bidders bought more than one property.

“This auction was tailor-made to benefit Trenton residents – including first-time homeowners – over outside investors,” said HED Director Ben Delisle. “Even with a Trenton residency requirement for many of these properties, we received 1,554 bids from 284 different participants, indicating the demand for real estate in Trenton is strong. We will closely review each bid to make sure the residency restrictions are followed.”

One of the successful bidders is looking to own the very same property in which she is a tenant. “I’m very happy that I don’t have to relocate and I’m proud to own the home where I have enjoyed living for the last 20 months,” said Delmy Tabora, who placed the winning bid on her home on Cummins Ave in Trenton. “The website was very practical and easy to use, and I would recommend it to others.”

There was an average of 30 bids per listing, with some winning amounts coming in 67 percent above tax assessments. The average sale price was $84,760.

The City hosted two virtual public information sessions leading up to the event, which included practice bidding so participants could become familiar with the auction process. All properties were open for physical inspection prior to the auction.

While registration for the auction was free, all bidders were required to make a deposit of $1,000 in order to participate. The deposit will be credited to the purchase or refunded to bidders who do not successfully bid on any property.

Successful bidders are required to make a non-refundable deposit of 10 percent of the successful bid within 24 hours of the day of the auction. The successful bidder will be notified by the City of the date and time to come to City Hall to execute the contract of sale. All other terms and conditions are available at https://bit.ly/38UR4Hl.

Typically, not all the winning bids go through final sale. Any properties that are not successfully closed will be put up at the next auction.

Facebook Twitter Email

Other News in News & Announcements

Streets in the Evacuation Zone

Posted on: September 1, 2021

Trenton Municipal Court Closing

Posted on: August 25, 2021

CITY OF TRENTON ONLINE AUCTION

Posted on: August 20, 2021
37th Annual National Night Out

37th Annual National Night Out

Posted on: July 16, 2021

Cooling Centers

Posted on: June 16, 2021

Tax Sale - June 24, 2021

Posted on: May 26, 2021

Scam Alert: Vaccine Sites

Posted on: February 26, 2021
ERAP - English

Emergency Rental Assistance Program

Posted on: February 25, 2021

City Council Budget Hearing Cancellation

Posted on: February 24, 2021

LINCOLN AVENUE BRIDGE

Posted on: February 5, 2021

Trenton Food Needs Survey

Posted on: January 25, 2021

FY 2021 Public Budget Hearings

Posted on: January 25, 2021

Register for the COVID-19 Vaccine

Posted on: January 20, 2021

Road Closure Advisory

Posted on: January 16, 2021

Emergency Closure - Municipal Court

Posted on: January 14, 2021

Refund for December 9th Auction

Posted on: January 7, 2021

FREE COVID-19 TESTING

Posted on: January 7, 2021

Free COVID-19 Testing

Posted on: January 6, 2021

ABC Board Meeting - December 15, 2020

Posted on: December 14, 2020

"My Trenton" Survey

Posted on: December 8, 2020

Warming Center

Posted on: November 18, 2020

COVID-19 - Second Wave Robocall

Posted on: November 12, 2020

2020-2021 LEAF COLLECTION SCHEDULE

Posted on: November 6, 2020

City of Trenton Halloween Guidance

Posted on: October 29, 2020

Trenton Tropical Storm Advisory

Posted on: August 3, 2020
Hot Weather

TRENTON HEAT ADVISORY

Posted on: July 17, 2020

COVID-19 REOPENING PLAN

Posted on: July 14, 2020

Trash Collection - Suspension

Posted on: July 1, 2020

Notice: Public Defender Office

Posted on: June 30, 2020

Testing Site Update

Posted on: June 11, 2020

Tax Sale - Friday, June 26, 2020

Posted on: June 5, 2020

City Eases Curfew Hours

Posted on: May 9, 2020

21st CCLC VIP Newsletter - MCCC

Posted on: April 1, 2020

CITY OF TRENTON ONLINE AUCTION

Posted on: March 20, 2020

Safe Surrender Program

Posted on: March 12, 2020
Important Announcement

PUBLIC ANNOUNCEMENT

Posted on: February 27, 2020
TPD

Crime Statistics Report - 2018-2019

Posted on: February 21, 2020

Trenton Municipal Court Closing

Posted on: February 20, 2020
Trenton City Hall

Tax Sale - March 16, 2020

Posted on: February 19, 2020
CENSUS Logo Contest Winner

Census Logo Contest Winner

Posted on: February 13, 2020
Property Taxes

1st Quarter Tax Bills

Posted on: January 30, 2020

Update: Chinese New Year Celebration

Posted on: January 27, 2020
City Council Chambers

City Council Meeting Information

Posted on: January 17, 2020
The Trenton Youth WIN App Launch

The Trenton Youth “WIN” App Launch

Posted on: January 17, 2020
Christmas Tree Pick Up

Christmas Tree Pick Up Schedule

Posted on: January 6, 2020

Closed for the Holiday - Municipal Offices

Posted on: December 31, 2019
Office Closed Christmas

Closed for the Holiday - Municipal Offices

Posted on: December 23, 2019
Downtown Trenton

Downtown Trenton Visioning Survey

Posted on: December 2, 2019
State of the City Addres - 2019

2019 State of the City Address - Speech

Posted on: November 8, 2019

2019-2020 LEAF COLLECTION PROGRAM

Posted on: September 30, 2019

Public Auction of City Owned Properties

Posted on: August 21, 2019

Contractor Fair - August 21, 2019

Posted on: August 5, 2019

National Night Out Street Listing

Posted on: August 5, 2019

Public Comments Requested

Posted on: August 5, 2019

36th Annual National Night Out

Posted on: July 30, 2019

Juneteenth Celebration

Posted on: June 17, 2019

Taste Trenton - Restaurant Crawl

Posted on: May 19, 2019

Promotions & Valor Award Ceremony

Posted on: April 14, 2019

Subcontractor Opportunities Forum

Posted on: April 8, 2019

First-Time Home Buyer Event

Posted on: April 4, 2019

Let's Read Let's Move

Posted on: April 1, 2019

Swearing-In Ceremony

Posted on: March 28, 2019

Youth Fishing Derby

Posted on: March 28, 2019

Tax Sale Information

Posted on: March 18, 2019

Progress Report on 1000 Homes Initiative

Posted on: February 11, 2019

Construction Activity Notice

Posted on: January 31, 2019

Smooth Sounds of Jazz Sue Giles

Posted on: January 30, 2019

Black History Month

Posted on: January 22, 2019

Christmas Trees

Posted on: January 8, 2019

2018 Assunpink Firewalk

Posted on: December 21, 2018

2018 Free Rabies Clinic

Posted on: December 20, 2018

Cable Service Options Feedback

Posted on: December 6, 2018

2018 Holiday Caroling at City Hall

Posted on: November 27, 2018

NJ Family Festival in Trenton

Posted on: November 26, 2018

Senior Holiday Gala 2018

Posted on: November 14, 2018

Swearing-In Ceremony

Posted on: November 6, 2018

2018 State of the City Address - Speech

Posted on: October 25, 2018

FY 2019 BUDGET PRESENTATION

Posted on: October 19, 2018

2020 Census in Trenton

Posted on: October 18, 2018

2018 State of the City Address

Posted on: October 15, 2018

2018-2019 Leaf Collection Program

Posted on: October 5, 2018

L.H Mitchell Site - - 216 Klagg Ave

Posted on: October 1, 2018

Free Flu Clinic!

Posted on: September 27, 2018

Trenton Cannabis Zoning Ordinance

Posted on: September 18, 2018

Park[ing] Day

Posted on: September 12, 2018

Director of Inspections Stepping Down

Posted on: August 28, 2018

2018 Summer in the Capital City

Posted on: July 19, 2018

Transcript of Inaugural Speech

Posted on: July 13, 2018

City of Trenton - Legal Notice

Posted on: July 2, 2018