Ardmore, Pa – June 18, 2010 – (RealEstateRama) — Main Line residences with private balconies and access to an array of fine restaurants and shops will be going on the auction block July 14 with minimum bids at a fraction of their original asking price.
Max Spann Real Estate & Auction Co., a national auctioneer of elite properties, will auction off five two-bedroom residences at Cambridge Square, 120 Sibley Ave., Ardmore, Pa. Bidding will start at $150,000. The units’ previous asking price was $765,200.
“If you’ve been looking for a great location within walking distance to the train to Center City, the farmer’s market and the best shopping on the Main Line, this is your chance to grab one at an affordable price,” said Bob Dann, executive vice president of operations for the auction company.
The units range in size from 1,570 to 1,432 square-feet. They feature spacious designs with elegant nine-foot ceilings, private balconies and hardwood flooring. State-of-the-art kitchens come complete with granite countertops and GE stainless steel appliance packages. Luxurious bathrooms feature marble counters and Kohler faucets. Four of the five units have dens.
Cambridge Square offers a wide variety of amenities, including access to a reserved parking garage, a community courtyard and a fitness room. The Suburban Square Shopping Center, fine restaurants, unique cafes and other local attractions are nearby. The R5 train to Philadelphia is within walking distance and Route 476 and the PA Turnpike are just minutes away.
The auction is scheduled for 7 p.m. on July 14 at the Radnor Hotel, 591 East Lancaster Avenue, St. Davids, Pa. The residences can be previewed on from noon to 2 p.m. on Sunday, June 27; 5 to 7 p.m. on Wednesday, June 30; 5 to 7 p.m. on Thursday July 8 and noon to 2 p.m. on Sunday, July 11.
Dann said the economy has created a unique opportunity, as luxury Main Line residences are available to a larger group of prospective buyers
“In this economy, real estate auctions are becoming an increasingly popular way to sell property,” Dann said. “It’s the best way to sell a large number of properties within hours. It’s also a great way for people to own a home of their dreams.”
For more information about the auction, call 888-299-1438 for the property information package. Preview the property at one of the open houses, attend the auction and submit your bid. Online bidding will also be made available at www.maxspann.com.