For those looking to acquire an upscale residence, luxury homes are still a hot item at the auction block. Despite downsizing being high on the priority list of many looking to economize, there are still those investors and manse-seekers who can’t turn down an opportunity to live large. This week we’re looking at some sizeable homes that offer quite a few sumptuous perks.
Check out the 6,000sf lavish home and farm in Union, Kentucky being auctioned by Dan Mahaney. To be sold in three tracts, this property offers both ample living space and wide open countryside. Tract 1 holds the 5-bedroom, 5.5-bathroom house, along with three barns, an indoor arena and guest house. Tract 2 presents 90 acres of vacant land with 50 feet of road frontage, and Tract 3 includes the entire 163-acre property. PA is picking this one for its versatility – an oasis for equestrian lovers and farm owners, as well as investors looking to capitalize on a potential vacation property. Auction date is December 7th.
Spotlight on . . .Richard
We recently had the opportunity to talk with Richard Kruse, President of Gryphon USA. Recently appointed to the Ohio Auctioneers Commission by Governor John R. Kasich, Richard has vast experience with both live and online auctions, and has recently expanded his company to include OnlineAuctionUSA.com. Specializing in asset management and liquidation, Richard continues to be a strong leader in this sector of the field. Topics discussed include the recent uptick in real estate sales and their impact on the auction industry, online auctions, and the property auction forecast for 2014.
PA: Tell us about your company Gryphon USA and why you decided to launch this specialized organization.
RK: Gryphon USA, Ltd. is a multi-faceted asset management and liquidation firm focusing on the operations and dissolution of single assets through and including entire companies. Gryphon maintains a receivership and asset management group, commercial auction practice, art, antique and pottery auction group and real property management group. Real estate transactions are managed through Borror Properties Real Estate. Read the rest of this entry »
It’s nearing the end of the year and the holidays are right around the corner. Holidays mean gifts and gifts mean shopping, so in honor of consumer purchasing we are picking some prime retail properties hitting the auction block.
Check out Ohio Real Estate Auctions’ two-story former hardware store in Cleveland, Ohio. This property sits on a 140’x220’ lot and includes two adjacent residential lots behind the main building. The first floor hosts an open layout, with a 16’x15’ office area and 25’x15’ kitchen area; the second floor provides several rooms ready to be remodeled. This property also supplies a large buildable attic and basement, as well as frontage on a main road. PA is picking this one for its versatility – the flexibility and space of the property, along with an included classic two-story pole barn, make this offering full of potential for various income-producing opportunities. Auction date is November 16th.
It’s no secret that celebrities seem to acquire excessively elaborate homes, where features such as a bowling alley and indoor swimming pool are almost a necessity. Famous athletes are fond of these sprawling mansions as well, though it seems that many can forget to tabulate the cost of maintenance when purchasing such an enclave. And although the housing market is slowly starting to improve, today’s home buyers are seeking more economical living spaces rather than overblown McMansions that carry astronomical monthly upkeep. Hence, many top athletes have recently been going the auction route to sell their homes – sometimes by choice, sometimes not. Read the rest of this entry »
With cooler temps now in full swing, many are getting visions of beachfront property dancing in their heads. This week, we spotted an ideal opportunity to own – or invest in – a piece of island paradise.
Check out Drew Pittman Auctions’ oceanfront property in Turtle Rocks on Abaco Island in the Bahamas. Being sold in 5 tracts and located only 165 miles east of West Palm Beach, Florida, this aquatic oasis is home to world-class boating, fishing, sailing and scuba diving. With four oceanfront tracts at 12-16 acres and one 44-acre tract, the lucky winning bidder will have plenty of space and options to capitalize on this prime coastal property. Situated only 10 miles from Marsh Harbour Airport, the location offers easy access for travel plans, as well as the benefits of the various restaurants, resorts and historical charm of the Marsh Harbour area. PA is picking this one for its sheer beauty – surrounded by the turquoise ocean and white sandy beaches, this is the epitome of exquisite escapes. Online auction is from October 15th through November 15th.
Check out PropertyAuction.com’s article in RealtyBizNews that covers women in the field of auctioneering, specifically in real estate auctions. The National Auctioneers Association estimates that women comprise approximately 7% of auctioneers in the United States. We have found that those in that 7% are a powerful force in the real estate auction field and have a beneficial perspective on succeeding in this specialized arena. Several nationally recognized women auctioneers spoke with us for this article and shared their perspective. Take a look at the story in full: