Concierge Auctions to Sell Colonial Home in Cold Spring, New York at Auction With No Minimum Bid Required

COLD SPRING, N.Y., March 2, 2011 /PRNewswire/ -- A newly renovated, Colonial estate with outstanding mountain views just a 70-minute train ride into Manhattan's Grand Central Terminal will sell at auction on March 31. No minimum bid is required to participate. Originally listed for $1,950,000, the suggested opening bid is $850,000. The sale is being conducted by Concierge Auctions in cooperation with Jean Cameron-Smith of North Country Sotheby's International Realty.

"No minimum bid is required to participate, so the auction will open wherever the bidders choose," stated Laura Brady, Vice President of Marketing for Concierge Auctions. "This is the most transparent method of identifying value – through 'live' competition. The new owner will feel confident in the price, as it will only be one increment above the next highest bid."

Ideally located near picturesque and historic Cold Spring, New York, only 50 miles from Manhattan, and privately set among 12 acres of rolling hills, 60 Round Hill Road boasts 5,866 square feet, four bedrooms and four full and two half bathrooms. The home was thoughtfully built to showcase spectacular mountain views and simply unforgettable sunsets from its expansive, tiered mahogany deck and walls of beautiful oak windows. Elegant amenities include a gourmet chef's kitchen with top-of-the-line finishes, great room with grand 18-foot-high stone fireplace and spacious master bedroom retreat.

"The new owners will enjoy stunning views of Breakneck Ridge, Storm King Mountain and the Hudson Highlands, mere minutes from the charm and culture of historic Cold Spring with an easy commute to New York City," Cameron-Smith stated. "My clients are highly-motivated and look forward to a successful sale on March 31st. This is a tremendous opportunity for buyers in our area and throughout the Northeast."

The live auction of 60 Round Hill Road will be held on March 31. Pre-registration is required. Bidders will be able to participate in person or proxy via telephone or Internet. A 2.5% commission is offered to the buyer's broker. See Auction Terms and Conditions for full details. The property is open for preview daily from 1-4pm and by appointment. For more information call 866-605-7286 or visit ColdSpringAuction.com.

About Concierge Auctions: Concierge Auctions is the preeminent luxury real estate auction firm serving high-end sellers nationwide.  A leading provider of services for individual and institutional owners of luxury residential real estate, Concierge Auctions is revolutionizing the industry by offering an accelerated marketing process that obtains fair market value for high-end properties in a determined time frame.  Building on a centuries-old method for selling the finest art and antiquities, the company combines the latest technologies and marketing programs with experienced personnel to generate the maximum value for the most premier properties in an open, competitive forum.  As a preferred auction provider to Sotheby's International Realty® and other luxury brokerage firms, the company has executed auctions throughout the country, from New York to Hawaii.  The company's database 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 ConciergeAuctions.com.

SOURCE Concierge Auctions