New England Colonial Residence On The Chesapeake Bay Near Annapolis, Maryland Sold Yesterday At Live Auction

QUEENSTOWN, Md., Oct. 11, 2012 /PRNewswire/ -- Leading luxury real estate auction firm Concierge Auctions is pleased to announce that a Colonial-style residence located on 5.2 acres with direct access to the Chesapeake Bay sold at a live auction yesterday in cooperation with listing agent Betsy Stettinius of Coldwell Banker Residential Brokerage. The last time the property was purchased was also at auction in 1990.

"From my past experience with real estate auctions, I was confident we would find a new buyer. However, I was beyond impressed with the Concierge Auctions team," stated the seller, Carol McGowan. "They did a phenomenal job in a short amount of time, identifying prospective buyers from around the world and ultimately finding ideal new owners who I know will enjoy the home as much as I have."

The aggressive marketing campaign surrounding the four-week auction process generated 3,084 website visitors from 46 US states (led by Maryland, Virginia and New York) along with 47 international countries (led by the UK, Canada and Australia). In total there were 159 buyer prospects, 32 showings and 5 bidders. The buyer is from Maryland and is represented by DJ Dauses of Coldwell Banker Waterman Realty.

"I've been fortunate to work with Concierge Auctions on past auctions, and it's impressive that their team is continuously able to activate a diverse pool of real buyers. This time was no exception," Stettinius stated. "I certainly intend to work with them again. Their auction process is effective and clearly successful."

400 Quarter Creek Drive is a 7,000-square-foot home that evokes New England simplicity with white clapboard siding, dormers, multi-paned windows and an entry pediment. The estate has four bedrooms, five full and one half-bathrooms, a formal living room with a gas fireplace, a family room with a wood-burning fireplace and a full-service wet bar. Additionally there is a gourmet chef's kitchen, a master suite with a home office area and a partially finished basement with a completed full bathroom that can easily be renovated as a guest suite, entertainment room or office.

The property totals 5.2 acres and is filled with dense woods, rolling pastures and a tranquil waterfront. Residents also enjoy a running creek, a private putting green, a heated pool/spa and pier with three lifts.

"Armed with a beautiful property, a motivated seller and an energetic team, our firm and auction process proved successful again," stated Laura Brady, President of Concierge Auctions. "Following a banner Q1-Q3, we are thrilled to be heading into Q4 2012 on track to finish our most successful year ever. Our sales volume, average price point, sell-through rate and national impact continue to rise as luxury buyers and sellers become increasingly familiar with our team and process. It's an exciting time."

Concierge Auctions has several upcoming auctions throughout the country. If you or someone you know is interested in buying or selling a remarkable luxury property through Concierge Auctions, call 888.966.4759 or visit ConciergeAuctions.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. 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 ConciergeAuctions.com.

SOURCE Concierge Auctions