May 15, 2015
Auctioneers, a leader in the accelerated marketing and disposition of quality
real estate, is pleased to announce the sale of 20 & 23 Preservation Path, Orleans, MA
on behalf of the Estate of Barbara V. McCoy.
The property consists of a 2,055+/- sf. 4-bedroom home built in 1979
with attached heated in-ground pool under glass and 1-car garage as well as a
detached 3-car garage all on 3.71+/- acres fronting on Namskaket Creek &
Marsh offering panoramic views to Cape
of the Estate had the property listed through conventional real estate
brokerage for over 2 years before they turned to JJManning Auctioneers in the
hope of securing a sale. The auction
contract was signed on January 26th and property information posted on www.jjmanning.com
shortly thereafter. The first
advertisements broke on February 22nd and 23 groups, comprised of approx. 100
prospective buyers, attended the Open House on March 14th. On March 16th an offer was tendered on the
auction P&S and rejected by the Estate.
On March 18th a separate pre-auction offer was tendered on the auction
P&S by participants at the Open House.
This offer was accepted by the Estate, and upon receipt of 10% in
certified funds, the sale was postponed pending the closing.
the Estate not elected to accept this offer, it is anticipated that there would
have been up to a dozen bidders competing for this property on auction
day. Ultimately the Absolute Auction
method, wherein the property is sold to the last and highest bidder regardless
of price, elevated the number of inquiries, website hits, social media
activity, open house attendance and the level of pre-auction offers.
Auctioneers sells high value commercial & residential real estate. With a full schedule of upcoming auctions, the
firm is currently accepting consignments for the 3rd & 4th Quarter of 2015. Please visit www.JJManning.com or call
800-521-0111 for further information.