At EOS Twenty-One Auction, Bidding for $330,000 Condo Will Start at $175,000
- Feb 21, 2008
By Anuradha Kher, Online News EditorAlexandria, Va.–Orion Residential, a national multifamily investment and condominium development company, is teaming up with Accelerated Marketing Partners, a Boston-based real estate marketing and consulting company, to auction 43 one- and two-bedroom condominiums at reduced prices.The auction will take place on March 16, at the Hilton Alexandria Mark Center Hotel on 5000 Seminary Rd. in Alexandria. Jon Gollinger, principal of Accelerated Marketing Partners says, “This is an historic, once-in-a-lifetime opportunity for purchasers to determine their market value for a home. Prices like this have not been seen in over a decade.”Selected two-bedroom condominiums with recent asking prices of $330,000 will be offered for a minimum of $175,000 and one-bedroom condominiums with recent asking prices of $225,000 will be offered for a minimum of $135,000, according to Orion Residential. The condominiums range from 708 to 1,182 sq.-ft.“EOS Twenty-One has been an extremely successful community having sold 268 homes since first opening for sales,” says Daniel Gumbiner, president and CEO of Orion. “This is an opportunity to reduce our marketing expenses by closing out the community and passing that value onto the buyer.”EOS Twenty-One (pictured) is located near the Van Dorn metro and has amenities including swimming pools, fitness center, illuminated tennis courts, sand volleyball, coffee bar, an onsite store and deli, child care and a courtesy shuttle to the metro station.