In case you missed our last blog posts about the upcoming online auction we are holding for a condo on Marlborough Street in the Back Bay, it's almost upon us. This Sunday, November 20th is Auction Day. Read more on our new blog here.
Here's an extraordinary opportunity for buyers in Boston. We'll be conducting an online auction for a Back Bay condo on Marlborough Street on November 20. Auctions have been used to sell residential condo developments previously, but what makes this different is the online format of the auction, similar to an EBay auction with special modifications for real estate, and the fact that it is for an individual non-bank owned property.
Another new development project in Boston is changing tack from a traditional sales model to the auction format. "The 1850" lofts (located in the bleeding edge of the South End south of Harrison Ave at 90 Wareham Street - map) are to be auctioned June 28th, at the Westin Boston Waterfront Hotel.
Longwood Towers (at 20 Chapel Street in Brookline, map below) is set to auction off 40 of the condos available for sale on Sunday, April 4th. The complex consists of 249 total units over 3 buildings, only 78 of which have been sold to date in 2 of the 3 buildings (renovations, and sales, have not yet begun in the third building). The building has had it's fair share of troubles, including slow sales that caused the original developer be foreclosed on. The Boston Globe ran an article today about the situation: