Eastern Point Oceanfront Property Sold for $1,155,000

JJManning Auctioneers, a leader in the accelerated marketing and disposition of quality real estate, is pleased to announce the sale at auction of 14 Rouse Rd. in Gloucester, MA

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Gloucester, MA (PRWEB) June 27, 2014

JJManning Auctioneers, a leader in the accelerated marketing and disposition of quality real estate, is pleased to announce the sale at auction of 14 Rouse Rd. in Gloucester, MA on June 21, 2014. The 1.57 acre Eastern Point property offers 130+/- ft. of Atlantic Ocean frontage in an exclusive neighborhood close to the yacht club and Brace Cove Beach.

The property has been in the same family since the mid-1980’s and rarely used by the West Coast professional couple trying to sell it for the past 2 years. After the latest of several offers fell through due to traditional contingencies, they turned to JJManning to expedite the sale of this 2,358+/- sq. ft. home regarded by many as either a complete renovation or tear down on a R1 Zoned lot. Within 2 months, the property had been viewed online over 3,000 times, 15 prospective buyers toured the home during a 3-hour open house, and 5 registered bidders each with $50,000 of certified deposit funds in hand participated in the auction.

On auction day, spectators crowded around to watch the competition. Firm President and auctioneer, Justin J. Manning, jump-started the auction with a series of broker pre-registration opening bids leading into the live bidding that culminated in a sale price of $1.155 Million to a client registered by Patty Knaggs of ReMax Advantage, earning her a commission on the sale at the closing to occur within 45 days.

JJManning Auctioneers sells high value residential & commercial real estate exclusively at auction. With a full schedule of upcoming auctions, the firm is currently accepting consignments for the 3rd Quarter of 2014.

About The Company
JJManning Auctioneers provides expert accelerated marketing and asset disposition solutions to Fortune 500 companies, REITs, corporations, government agencies, financial institutions, REO portfolio managers, small businesses, and private individuals across America. Since 1976, JJManning Auctioneers has successfully marketed and sold over 15,000 commercial, industrial, and residential real estate properties.


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