Big result – 3/85 Raglan St, Mosman.
Taking a punt and moving a planned auction forward by a week has paid off for the owners of a five-bedroom Mosman home – to the tune of $4,550,000.
Agents Stefon Bertram, and David Smeallie, of Belle Property Mosman, had been expecting three bidders to throw their hats in the ring for 3/85 Raglan St, a substantial home in a rare gated estate in the heard of Mosman.
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The 785sqm Torrens title property was on the market for just over two weeks and attracted more than 2300 page views on its realestate.com.au listing.
The home is located within the luxury gated estate ‘Raglan’, and has been designed for low-maintenance living.
Set on approx. 961 sqm of level land and enjoying a private setting this single level home provides ideal, flexible open plan family living.
There are five homes within the estate, and these share the road and a tennis court.
Street appeal – 3/85 Raglan St, Mosman.
The main living space.
The freestanding, full-brick house at No. 3 is located back from the road, has a northeast to rear aspect and is close to the bus stop, Queenwood, Mosman Prep, the ferry and village shops and cafes. It also has its own private pool.
Mr Bertram said the main interest had come from downsizers, upsizers and executive couples.
He said the interest had been so strong that they had decided to bring the auction forward a week.
He was expecting three bidders to line up when the property went under the hammer, but he ended up with five, and all were in the race to win the property.
Formal dining.
The kitchen.
More than 50 people attended the auction, with plenty of hands on deck to ensure property social distancing rules were followed.
“There was a lot of depth to the auction and everyone took part – there was some strong bidding,” Mr Bertram said.
In the end it was a family with older children whose bid of $4,550,000 brought the hammer down. The sale price smashed the price guide of $4.1 million.
Leafy outlook.
More living space.
Mr Bertram said the lack of stock on the open market and pent-up buyer demand was keeping prices strong.
“There’s a lot of properties available off-market, and while there is a space for off-market sales, it’s not going to suit all properties,” he said.
“You need to have a deadline and you need to promote properties so buyers can know they are out there.”
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The post Early auction of a rare Mosman home brings a $4.55m payday appeared first on realestate.com.au.