Home
auction draws 100 attendees
AUCTIONEER,
December 2005 (Page
62) Back
to Akron
Auctioneer
Mario Piatelli, of Los Angeles, CA, recently sold a three-bedroom,
two-bath house on a coveted double lot (13,250 sq. ft.) in Pacific Palisades,
CA.
Over
100 people showed up, many of them arriving early to
inspect the approximately 1,672 sq. ft. Marquez home,
which was built in 1953 and features high ceilings, skylights,
and new beige carpet throughout. Some said they planned
to renovate the house. Others said they planned to tear
it down, to take better advantage of the large, private
back yard which terraces down to a stream.
There
were 20 registered bidders, who each plunked down a $50,000
cashier’s check to obtain a bidding number. The
opening bid: $1,300,000, which quickly jumped to $1,375,000,
then $1,380,000, $1,385,000, $1,425,000, then the highest
bid: $1,480,000.
The
buyer, Sina Khodadai, 30, said he liked the trees and
foliage in the large back yard. He is not yet sure if
he will remodel the house or build a new one. Khodadai,
who helps manage his family’s retail businesses
(gas stations and car washes), reported the Palisadian-Post
newspaper.
Piatelli,
whose auction company has over 50 years’ experience
selling property, including industrial and commercial,
said a successful real estate auction provides a maximum
return for the seller and clear title for the buyer.
He received ver 300 phone calls about the property after
the auction having was advertised in the Palisadian-Post,
the Los Angeles Times, and on his Web site. |
