The skinny. The online auction will take place on Saturday November 20th.
The Property: 416 Marlborough Street #202
The Specs: 1 Bed, 1 Bath, 843 sq/ft, $406 HOA
Starting Bid: $315,000 (with no minimum reserve!)
Property Description: Spacious and bright south facing condo located in beautifully maintained concierge building on Marlborough Street. The home features large windows, bathroom marble and tile finishes, updated kitchen with new appliances, central heat/air, in unit laundry, four closets and an open living/dining floor plan. This pet friendly professionally managed concierge building also features a fitness room, bike storage and common roof deck with panoramic views of the Charles River and Back Bay.
This online auction will be run with no hidden reserve, which means the owner has committed to sell to the highest bidder — regardless of final price. The seller is out-of-state owner and needs to liquidate the property to fund his business, creating a rare opportunity for a buyer to purchase in the prestigious Back Bay neighborhood of Boston at a substantial discount to market.
Minimum Bids start at $315,000 (only $374 per square foot!), which is $210,000 less than the original asking price. Average list price per square foot in the Back Bay is currently $922, so the bidding is starting around 50% below average market value.
Call 877-852-6636 for more information or to register for the online auction.