Concierge Auctions To Sell c1927 Estate in Princeton, New Jersey at Live Auction Without Reserve

PRINCETON, N.J., Jan. 14, 2011 /PRNewswire/ -- A stunning, Colonial Tudor-style estate located within walking distance of Princeton University, only a 60-minute train ride into New York City, will be sold at a live, on-site auction on February 17, Concierge Auctions announced today. Originally listed for $4,200,000, the property will be auctioned without reserve, meaning it will sell to the highest bidder regardless of price. The sale is being conducted in cooperation with listing broker Judson Henderson of Henderson Sotheby's International Realty.

"Having known about Concierge Auctions for years, and having watched their success closely, I've been searching for just the right opportunity to work alongside their team. I am happy to say this is the perfect property for our initial partnership," Henderson stated. "My client has committed to sell to the highest bidder, so he can move on with other opportunities. This is the first luxury home auction in Princeton and is a tremendous prospect for buyers in our market."

Designed in the grand Tudor-style in 1927 by Princeton's renowned architect Rolf Bauhan, 17 Hibben Road blends gracefully into the historic fabric of the town – a detail common to many of Bauhan's estates which are known for reinforcing the character of Princeton's rich and important history. The estate features five bedrooms (one above the garage – also ideal for use as an office or study), seven and a half bathrooms and elegant interior details throughout with masterful renovations that innovatively meld it into the 21st century. Four fireplaces, a library with built-in bookshelves, garden study, circular conservatory and a gourmet chef's kitchen beautify the interior space, while a pool, exquisitely-manicured grounds and a beautiful brick-walled terrace round out the outdoor space. A stone-inlayed walkway makes way to a detached studio/guest house that boasts a large game or party room, walk-in sauna, exercise room and kitchenette.

Today Princeton is world-renowned as the home of Princeton University. The picturesque campus – one of eight universities of the Ivy League – features architecturally significant buildings and spires that form the streetscape of historic Nassau Street, a notable area filled with shops and restaurants that is walking distance from the property. Princeton is roughly equidistant between New York and Philadelphia. The Amtrak ride time is similar to each city, but the commuter train ride to New York via New Jersey Transit's Northeast Corridor Line is generally much shorter, about 60 minutes or less into Penn Station. The community is close to many major highways that can take residents to both cities.

"Following our recent successful auction of Fawn Hill Farm in Morristown, we're excited for this next assignment in New Jersey," stated George Graham, CEO of Concierge Auctions. "We're thrilled not only to work in such a prestigious community as Princeton, but also to continue our growth as a preferred auction provider for the Sotheby's International Realty brand nationwide."

The live, on-site auction of 17 Hibben Road will be held on February 17. The property will sell to the highest bidder, regardless of price. A 2.5% commission is offered to the buyer's representing agent. See Auction Terms and Conditions for full details. The property is open for preview daily from 1 to 4 pm and by appointment. To schedule a preview, call 800-211-1785. For more information, visit www.PrincetonAuction.com.

About Concierge Auctions: Concierge Auctions is the preeminent luxury real estate auction firm serving high-end sellers nationwide through an accelerated marketing process that obtains fair market value for high-end properties in a 60-day timeframe. As a preferred auction partner to Sotheby's International Realty® and other luxury brokerage firms nationwide, the company has executed auctions from New York to Hawaii and hosts a database that includes more than 100,000 luxury real estate buyers and agents from all 50 states and 38 countries and territories.  The principals of Concierge Auctions have been involved in the transfer of more than $2 billion in luxury real estate sales over the past 10 years.  For more information, call 888-966-4759 or visit www.ConciergeAuctions.com.

SOURCE Concierge Auctions