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HARDING — A New Vernon estate originally listed for sale at $22.5 million dollars was sold at a live auction in November for $6.4 million, according to the website of Concierge Auctions, the New York City-based auction company that sold the home.
Fawn Hill Farm, the 34-acre colonial estate at 665 Spring Valley Road, has 21 rooms, including seven bedrooms and bathrooms, seven fireplaces, a grand foyer and staircase, an elavator and a bowling alley.
The 2010 tax bill for the property is $51,844, town officials said.
The live auction for the property that had been on the market for three years was held on Nov. 12 and was an absolute auction, meaning the highest bidder got the property.
Potential bidders on the estate were required to put down $100,000 in advance of the auction to qualify to bid, and needed to demonstrate the ability to pay for the property without financing.