By Jose Lambiet, GossipExtra.com, Special to SouthFloridaReporter.com, July 27, 2015 – FORT LAUDERDALE — The rules for the bidding on aging teen heartthrob David Cassidy’s house in Fort Lauderdale are set, and potential buyers have to prove they have $3 million in the bank to get in on the fun.
The auction was ordered in the 65-year-old singer’s bankruptcy, and the new date of the sale has been set for Sept. 9 to accommodate more potential buyers.
“We scheduled it for August at first,” says auctioneer Lamar Fisher, “but we figured we’d wait for the end of the summer and go past Labor Day so that more people would be interested.”
— Click here to find the houses of David Cassidy and other big celebs on our new map
Fisher says he expects at least a dozen people will qualify to bid on the 6,400-square-foot house in the swanky Harbor Beach section.
At one point, the property on the east side of A1A was listed for $3.9 million.
No takers.
Then it went down to $3.2 million.
Still nothing.
Then the star of the 1970s sitcom The Partridge Family said he’d entertain any serious offer.
Not a peep.
Now, Cassidy hopes the auction will bring around $2.9 million.
He bought the house in 2002 for $1.1 million, and the Broward County Property Appraiser estimates it’s worth about $2 million.
Fisher says potential bidders need to deposit $200,000 in escrow and show proof of funds for $3 million.
The highest bid will then be presented to the bankruptcy court for approval on Sept. 16.
“The winner has 20 days from Sept. 16 to come up with the money,” Fisher said. “And I know that whoever wins will bring the cash because it’s a great property.”
Disclaimer
The information contained in South Florida Reporter is for general information purposes only.
The South Florida Reporter assumes no responsibility for errors or omissions in the contents of the Service.
In no event shall the South Florida Reporter be liable for any special, direct, indirect, consequential, or incidental damages or any damages whatsoever, whether in an action of contract, negligence or other tort, arising out of or in connection with the use of the Service or the contents of the Service. The Company reserves the right to make additions, deletions, or modifications to the contents of the Service at any time without prior notice.
The Company does not warrant that the Service is free of viruses or other harmful components