Fairfield County Condominium Bonanza: 19 Condominium Lofts To Sell At Auction On August 30th

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Affordable One- and Two-Bedroom Loft Condominiums, Ideal for First Time Buyers, Easy Commute by Rail or Car to NYC, Situated in Burgeoning Downtown Bridgeport, CT

Lofts Bedroom

Whether you are a first time buyer or an investor seeking to add to your portfolio, these fabulous lofts are worthy of serious consideration, especially since they are being sold at auction, enabling buyers to literally name their price on a fantastic condominium residence

For the first time in almost two decades, homebuyers will benefit from a rare opportunity to acquire one of 19 beautifully designed one- and two-bedroom, new, loft condominiums, just a one-hour train ride away from New York City, in sought-after Fairfield County. On August 30th, Sheldon Good & Company Auctions Northeast, LLC will conduct an auction of 19 residences at Lofts 881, an upscale, modern condominium community situated at 881 Lafayette Boulevard in downtown Bridgeport, Connecticut.

Four of the lofts will be sold subject to low minimum bids of $90,000 for a one-bedroom and $110,000 for a two-bedroom condominium. Previously priced from $264,000 to $360,000, a certified or cashier's check in the amount of either $9,000 or $12,500 is required in order to buy at the auction.

The auction will be held on Sunday, August 30th at the Trumbull Marriott, 180 Hawley Lane, Trumbull, CT. Registration begins at 11:00 am and the auction commences at 12:00 noon. On-site inspections will begin on August 8 and continue on Saturdays and Sundays, from noon to 3:00 pm through the auction. The purchase of a Bidder's Information Packet is required in order to buy at the auction, and is available at all open houses or can be ordered in advance by contacting Sheldon Good & Company's offices at 800 315-2199.

According to Michael Fine, Executive Vice President of Project Management for Sheldon Good & Company, "There's a definite caché in living in Fairfield County, which offers such an easy commute to Manhattan. Unfortunately, the prices of real estate have kept many from purchasing here until now. These beautifully-appointed residences are ideal for first time buyers who want a foothold in Fairfield, a community that is rapidly morphing. Along the Connecticut coast, Bridgeport has just undergone a massive $120 million revitalization effort that has resulted in the construction of the new Intermodal Transportation Center, the expansion of Housatonic College which is across the street and the redevelopment of Steel Pointe Harbor. If you have not been in downtown Bridgeport for a while, I think you will be pleasantly surprised with the new restaurants and other vibrant amenities that urban buyers expect today."

The homes range in size from 540 to 1,452 square feet. They feature sleek kitchens with custom cabinetry, granite countertops, a full complement of stainless steel Frigidaire appliances, exposed brick walls, desirable "green" bamboo flooring, 10-foot ceilings with exposed air ducts, open dining areas, luxurious baths, and ample closet space. Some of the bi-level townhome-style residences offer private terraces, perfect for outdoor entertaining. Amenities at the pet-friendly development include in-residence laundry connections, parking, key card building access with video surveillance, on-site fitness center, high efficiency HVAC systems, and of course pre-wiring for telephone, Internet and cable, and panoramic views of Long Island and the Sound.

Many Manhattan-based apartment dwellers, as well as residents in White Plains and Stamford are attracted to Bridgeport because of the resurgence of its downtown. Residents can also buy a lot more for their money in Bridgeport than in other communities. New York City is easily accessible by both Amtrak and Metro-North commuter trains. A ferry service, accommodating both passengers and automobiles, runs across Long Island Sound to Port Jefferson, New York.

Within walking distance of the property lies the 370-acre green expanse of Seaside Park offering a sanctuary from the urban landscape. Residents can enjoy sandy beaches, sports fields, towering trees and sweeping views of Long Island Sound, which is virtually an extension of their own backyard.

Home to both the University of Bridgeport and Houstonian Community College, Bridgeport's public school system offers 30 elementary schools, three comprehensive high schools, two alternative programs and an inter-district vocational aqua-cultural school. The City has begun a large school renovation and construction program, with plans for new schools and modernization of existing buildings.

"Whether you are a first time buyer or an investor seeking to add to your portfolio, these fabulous lofts are worthy of serious consideration, especially since they are being sold at auction, enabling buyers to literally name their price on a fantastic condominium residence," added Mr. Fine.

For additional information about the upcoming auction sale, please contact Sheldon Good & Company at 1-800-315-2199.

About Sheldon Good & Company
Sheldon Good & Company Auctions has been rated the premier real estate auction company by a number of prestigious financial publications. The company has aggregate sales of over $10 billion. For further information, please call Sheldon Good & Company at (800) 315-2199.

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Melanie Keenan
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