Auction.com Further Expands into San Diego County Luxury Market with Auction of Coronado Home
Torrance, CA – November 2, 2012 – (RealEstateRama) — Auction.com, the nation’s leading online real estate marketplace, and its Luxury Home Division (http://www.auction.com/luxury) will auction a Coronado luxury home that possesses dramatic views of the Pacific Ocean and San Diego skyline Dec. 3-5.
Located at 1070 Coronado Ave. and previously listed at $4.4 million, the home’s starting bid is $1.9 million. A public open house is scheduled from 1-5 p.m. on Nov. 10.
“The starting bid and location make this property an ideal primary residence or vacation home for buyers who enjoy the unique charm of Coronado. We expect a high level of buyer interest and a winning bid that represents the true market value,” said Jennifer Leuer, senior vice president of Auction.com’s Luxury Home Division.
Listed by Ruth Ann Fisher of Del Realty, the 4,616-square-foot home has six bedrooms, 5.5 bathrooms, and unparalleled space for entertaining both inside and out. Custom features include a pool with an outdoor kitchen, beamed ceilings, roof top deck, game room and a four-car garage. Located one block from the beach, the property offers breathtaking sunset and skyline views.
Auction.com’s marketing efforts are expected to deliver a pool of bidders who are seeking a beautiful, ocean-view home at a price that’s commensurate with the current market.
“While Auction.com’s luxury platform provides a level of transparency that ensures a fair market price for buyers, our marketing efforts deliver a maximum level of exposure that clearly benefits the sellers. This produces the best possible results for both parties,” Leuer added.
All bidders must register and qualify with a $10,000 deposit at www.auction.com/luxury. Agents who work with Auction.com keep their listings and full commissions. Auction.com earns a 5 percent buyer’s premium, which is paid by the buyer at the time of closing.
About Auction.com:
Established in 1990, Auction.com has pioneered modern real estate auctions and created the nation’s leading online real estate marketplace. It has established a dominant position in its industry by selling more than $12 billion in real estate assets at auction since 2007. Additional services include residential loss mitigation and title agency and escrow/closing services. Primary clients are residential and commercial mortgage lenders, servicers and home builders. Auction.com’s success is based on the aggregation of real estate assets that are marketed and sold in large format auctions across the country and online. Auction.com is headquartered in Irvine, California and has offices in Newport Beach, Dallas, Miami and New York. Visit http://www.Auction.com for more information.
