The live auction process provides fair market value in its purest and quickest form, as well as a level of transparency and expediency that the traditional listing process does not provide. Buyers should come prepared to bid on this Connecticut gem.
Newtown, CT (PRWEB) July 24, 2014
Luxury real estate auction industry leader Grand Estates Auction Company announced the absolute auction of an idyllic five-bedroom Fairfield County retreat with no minimum bid and no reserve. The elegant Newtown estate is convenient to Manhattan yet a world away, tucked on 7.4 acres in the heart of Connecticut, just minutes from the boating, fishing, and water skiing at Lake Lillinonah and the horse back riding, mountain biking, hiking, and hunting at Upper Paugussett State Forest. Featuring a heated indoor pool with remote-controlled waterfall, a complete equestrian complex with a large riding arena, a state-of the art chef’s kitchen, and luxurious master suite, this incredible home will be offered at auction on August 12th at 2:00 p.m.
“This is a magnificent home in a desirable location, presenting buyers with an extraordinary buying opportunity,” stated Grand Estates Auction Company Director of Sales Development Stacy K. Reich. “The live auction process provides fair market value in its purest and quickest form, as well as a level of transparency and expediency that the traditional listing process does not provide. Buyers should come prepared to bid on this Connecticut gem.”
The magnificent open and light-filled solid brick home features five bedrooms including a master suite with gas fireplace, heated floors and a private balcony; four full bathrooms; a gourmet chef’s kitchen featuring professional state-of-the-art appliances, an antique wood-burning stove and Jerusalem marble; family room with vaulted wood-beam ceilings and skylights; a separate office with fireplace; an all-season heated sunroom; and a guest or nanny suite with a separate entrance. The climate-controlled poolroom features a 24-foot vaulted ceiling and Chinese granite floors as the setting for the heated, ozone-purified pool surrounded by French doors that lead out to the patio. To take advantage of the miles of nearby riding trails, the well-equipped equestrian complex includes a three-stall barn, tack room, hay storage, four paddocks, a 70’ x 160’ riding arena, and an elevated gazebo viewing stand. Amenities include electronically controlled shades, a whole-house back-up generator with 1,000-gallon in-ground tank, patios with stone fireplace and in-ground propane torches for entertaining, and a three-car garage.
Fairfield County is dotted with beautiful family farms, pastures, and equestrian facilities, as well as old New England villages made up of whitewashed church steeples, luxurious boutiques, gourmet restaurants, and charming inns. The estate is nestled in Newtown, known for its artistic community and rich history, between the charming towns of Redding and Roxbury. New Haven, home to Yale University, and the state capital of Hartford are both an hour away. New York City can easily be reached by boarding a train in Danbury, only a short 15-minute drive.
Grand Estates Auction Company has an unsurpassed closing rate in the luxury residential real estate auction industry and specializes in creating comprehensive global marketing campaigns for luxury properties. There are no contingencies, no lengthy negotiations, and timelines for closing are already established. To help buyers make an informed purchase, a comprehensive due-diligence packet is available, and ample time is allotted for tours and inspections prior to the auction. Similar to rare artwork that does not have comparable pieces to set the value, exceptional properties such as this are well suited for auction, where bidders set the market value.
The Newtown auction will start promptly at 2:00 p.m. on Tuesday, August 12th. Provisions for remote bidding can be arranged. The property will be available for prospective bidders to preview beginning Friday, August 8th, at 11:00 a.m., with daily preview times scheduled through the date of the auction. Buyers may contact Grand Estates Auction Company’s auction information office to schedule an appointment during one of the preview times at 877-376-9560. A $100,000.00 certified check or personal check along with a bank letter of guarantee will be required to register to bid. Real estate agents and brokers are fully protected and encouraged to participate.
Grand Estates Auction Company is the leader in the niche market of auctioning luxury real estate, specializing in properties valued at $2 million and above throughout North America, the Caribbean, and select international destinations. Based in Charlotte, N.C., the company was established in 1999 and was the first of its kind. Recent sales include an $11 million dollar home in Bay Harbor, Mich., and an upcoming auction of an oceanfront Mediterranean retreat on August 5th in Georgetown, S.C. For more information and auction details, visit http://www.GrandEstatesAuction.com.