“A home of this caliber is truly a rare find and presents an unparalleled buying opportunity on auction day,” stated Grand Estates Auction Company Director of Sales Development Stacy K. Reich.
MANCHESTER, VT. (PRWEB) September 11, 2014
Grand Estates Auction Company, the industry leader in luxury real estate auctions, announced the October 7th live absolute auction of one of the choicest properties in all of Vermont: Ondawa Estate. The 37-acre mountain retreat bordering the Green Mountain National Forest includes the Zara Hard House, an architecturally significant structure listed on the National Register of Historic Places. This outdoorsman’s paradise features a classic Greek Revival home surrounded by the trout-filled Battenkill River, mountain streams, and a stocked pond. Buyers will be able to name their price on the historic Vermont estate at the absolute auction with no minimum bid and no reserve to be held on location at 2:00 p.m.
“A home of this caliber is truly a rare find and presents an unparalleled buying opportunity on auction day,” 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. Interested buyers should come prepared to bid and buy this idyllic mountain estate.”
Built circa 1840, the beautifully restored main home features four bedrooms, three full bathrooms and two half-bathrooms; a vintage style kitchen featuring a 12-foot island, commercial six-burner stove, antique style refrigerator, and double copper sink; butler’s pantry with custom cherry cabinetry and wood countertop; wet bar with antique 1800s wood-burning stove, wine cooler, ice maker, and copper sink; private study with fireplace and built-in bookcase with ladder; formal dining room; and living room with 12-foot cathedral ceilings and French doors offering expansive mountain views. The renovated guest home offers an additional four bedrooms, three bathrooms, living room, kitchen, office, and laundry. A 200-year-old rustic cabin with living room, loft, and half bathroom would make a charming artist studio or children’s playhouse. Period finishes include a front porch with swing, spruce hardwood floors, extra-wide baseboards, Dutch doors, exposed beams, and a mother-of-pearl button on the front staircase giving the original building cost of $5,000. Amenities include a heated gunite pool, large entertainment deck and expansive yard and gardens for outdoor entertaining; and a detached heated garage with a workshop and storage.
Located three miles from the charming shopping and dining of Manchester, it is just a short drive to enjoy live theater at the Weston Playhouse, antiquing among the charming Vermont historic villages, music festivals, and a myriad of cultural activities available in these classic New England towns. The historic estate is minutes from the world-class skiing of Stratton Mountain, Bromley and Magic Mountain, Stratton’s Cliff Drysdale tennis academy, the area’s finest golf courses, and The Long Trail, for hiking and nature enthusiasts. Nearby Stratton Mountain School is renowned for producing more than 36 Olympians including two gold medalists, one silver medalist, and one bronze medalist.
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 Manchester absolute auction will start promptly at 2:00 p.m. on Tuesday, October 7th. Provisions for remote bidding can be arranged. The property will be available for prospective bidders to preview beginning Friday, October 3rd, 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 the record-breaking sale of an $11 million dollar home in Bay Harbor, Mich., and last year’s auction of a Landgrove, Vt., estate that fetched the highest resale price in many years. For more information and auction details visit http://www.GrandEstatesAuction.com.