Custom Tuscan Estate – Atherton, CA 96 Heather Drive, Atherton, CA 94027

Property Detail

Type Status Location Sub Location Auction Date Bedrooms 8 Bathrooms 12 Area 14,704 sq ft Cooperating Broker Dominic Nicoli - Intero Real Estate Services, Inc.

Property Description

A local business man built nearly a 15,000 square foot custom home in Silicon Valley. Being in the tech business, the home was very unique due, in part, to having two large server rooms and thousands of square feet built under ground. It was a tough match for local buyers and remained on the market without success. Premiere Estates Auction Company was brought in by a United States Bankruptcy Court Trustee for confidential reasons to sell the Estate.

Premiere Estates implemented its wide reaching local and global Marketing Strategies.  The Marketing Budget was set at $35,000. The Court had set a reserve price of just over $7 million dollars. As a result of the marketing, we secured several buyers and interested parties who were not quite willing to pay the Court mandated price.  Post-auction, a buyer was secured at a price of $6.75 million, and was accepted by all parties.

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