The former St. Nicholas Church property on North Main Street in Ann Arbor sold for $610,200 at public auction on Sept. 11, 2012 at around 2:36 p.m. The auction started on Sept. 6 at a price of $365,051. That amount included back taxes and the cost of demolition, which started this week. The price was initially bid up to $370,000, where it stood through the weekend. With about 10 minutes remaining in the auction, the price was up to $385,000.
Then, starting at around 1:55 p.m. – five minutes before the online auction was set to close on Auction.com – The Chronicle counted 47 bids. [.jpg chart of final 40 minutes of bidding activity] The auction did not conclude until about 40 minutes later, because the time is automatically extended when bids come in with less than 2 minutes remaining.
Washtenaw County treasurer Catherine McClary had no further information as of mid-afternoon on Sept. 11.
For more background, see “Rezoning Process for N. Main Site on Agenda.”