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In 1993, Atlantic City casino development authority began condemning hundreds of properties, for the expansion of Trump Plaza Hotel and Casino. In 1998, a court stopped the condemnation of the Sabatini's restaurant, one of the properties. In 2005, Donald Trump agreed to buy the property for around $2 million, exceeding the first offer of $700,000.
Property records show that on June 2, 2010, Coking transferred ownership of the house to her daughter, who put it on the market in 2011 with an initial asking price of $5 million. [1] [8] By September 2013, the price had been reduced to $1 million. [9] The property was finally sold for $583,000 in an auction on July 31, 2014. [10]
Guccione later tried to develop a resort in a joint venture with Ramada Inn at a location near the entrance to Atlantic City. That property was sold in 2001 to pay off delinquent loans that he owed. He also sold his remaining Atlantic City property, the Mayflower Hotel site, at the same time [21]
New Jersey is another East Coast state you might steer clear of when buying property. “Besides the high property taxes, New Jersey is dealing with an exodus of major corporations, which impacts ...
Real estate investing has long been considered a nearly surefire way to grow wealth, as property values tend to go up over time. However, in the current market, this form of investing may have lost...
The city has many affordable properties, especially if you include mobile homes and condos in your search. You can find plenty of properties right by the beach for less than $1 million, and some ...
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