Tranzon Auction Properties - Real Estate Auction Blog

I haven’t updated sales in a while…frankly it is because I’ve been procrastinating. To save time, here’s a short list, I know there are more, but this will have to do for now.

SFH - 41 Ridgeview Drive Thomaston, Maine 04861 - $145,000

3-Unit - 1 Wileys Lane Owls Head, Maine 04854 - $207,500

Waterfront Home - 22 Donovans Lane York, Maine 03909 - $750,000

Incomplete 2-Unit Condo - 39 Spiller Road Gorham, Maine 04038 - $275,000

Commercial Building - 1 William Street Portland, Maine - $540,000

6-Unit - 21 Fulton Street Rockland, Maine 04841 - $225,000

Auction Date: 8/24/2007

Bidders: 5

Property Address: 157 Maple Street, Bethelehem, NH

Sold For: $134,000.00

Auction Date: 7/12/07

Bidders: 5
Property Location: 16 Western Avenue, Augusta, ME
High Bid: $700,000

Auction Date: 5/29/07

Bidders: 8

Property Location: 199 Butter Street, Guilford, ME

High Bid: $165,000

Auction Date: 6/14/2007

Bidders: 9

Property Location: 493-499 Broadway, Bangor, ME

High Bid: $345,000

Auction Date: 6/7/2007

Bidders: 4

Property Location: 108 Cross Street, Island Pond, VT

High Bid: $222,000

Auction Date: 7/12/2007

Bidders: 2

Property Location: 151 Main Street, Fairfield, ME

High Bid: $175,000

Auction Date: 7/11/2007

Bidders: 5

Property Location: Thayer Road, Whitefield, ME

High Bid $41,000

Auction Date: 6/28/2007

Bidders: 6

Property Location: 3 Canterbury Lane, Windham, ME

High Bid: $170,000

A million dollar view for $575,000.00! Humble is generally a safer bet than boastful but sometimes boasting has its place. This very successful sale for a Conservator of an Estate set the mark for property prices in the very desirable Hills Beach area of Biddeford Pool, ME.

Prior to the auction experienced local brokers were sharing with us that a $500,000 threshold should be considered a successful sale. Please don’t take this as a dig on traditional brokers, I do not envy the broker trying to price in this market - how do you set a price in a declining market with a rising inventory that is both enticing to buyers and doesn’t leave money on the table for sellers? Impossible? no. Difficult? yes. That is the beauty of the auction, there is no limit. Competitive bidding sets the market price. Buyers pay what they want to pay and sellers get to see what the market will bear through an open public process. Hard disputing the results.

Auction Date: June 6, 2007

Registered Bidders = 12, all with $25,000 certified funds as qualification to bid

High Bid = $575,000

Closing within 45 days of auction

165 Grant Street, Portland, ME 04101
Newly Completed 2-unit in great condition

# of Bidders: 6

High Bid: $192,500.00

This was a great sale and a good investor buy. Not cheap and not overly expensive. The buyer owns 4 other units on the same street. Neighborhood is in “transition” and has been “transitioning” for a long time.

1,615± sf 1½-Story Antique Cape • 31± Acres

Description:

• 1,615± sf 1½-Story Antique Cape • 31± Acres • Outbuildings, Including 6-Stall Barn, Great for Horses, etc. • 4 BR • 1 BA • 3 Fireplaces • 1 Wood Stove • HWBB Oil Heat • Private Water & Sewer

Located in a small subdivision off River Road, this 1.15+/- Acre building lot has seasonal views of the Cape Neddick River and is on the waiting list for a York Growth Permit, anticipated issuance - Fall 2007.