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Sheldon Good & Company to Conduct Developer Closeout Auction at Annapolis's GrandView Condominium

25 luxury residences will be available at Annapolis's GrandView, with minimum bids starting at 70% below original prices. (Photo: Business Wire)

25 luxury residences will be available, with 10 guaranteed to sell at or above minimum bids ranging from $220,000 to $325,000, up to a 70% discount off the original prices. The GrandView is a full service luxury condominium building located in Annapolis Towne Centre - a spectacular destination for sophisticated living, shopping and dining located minutes from the historic district of Annapolis and a short drive from Washington, D.C., and Baltimore.

The closeout event will give buyers the opportunity to select from a variety of two-bedroom, two-bathroom condominiums (some with dens) ranging in size up to 1,945 square feet, many with views of nearby rivers and the Chesapeake Bay. The residences were originally priced from $514,000 to $937,000, and the GrandView is now over 70% sold.

"This is a tremendous opportunity to purchase a residence at a fraction of the original asking price in a highly desired building full of great amenities," said Mark Troen, COO of Sheldon Good & Company. "By successfully auctioning a selection of these residences in November, we were able to offer new homeowners the opportunity to name their own price. Buyers continued to get great pricing in our subsequent sales program during the past six months. Now, with only 25 units left, Sturbridge Homes is selling the remaining residences at this final one-day event."

The impeccably appointed homes feature open floor plans, 10' to 11' ceilings, gourmet kitchens and master suites with spa-like baths. Residents enjoy a full compliment of amenities, including furnished lounges, fully equipped fitness center, rooftop pool, sundeck and grill facilities and a concierge staff that caters to every need. The homes overlook the Towne Centre Plaza, putting residents within steps of one of the country's largest Whole Foods Markets, as well as lifestyle stores such as Target, Lululemon, and Brooks Brothers. Popular restaurants at Annapolis Towne Centre include Brio Tuscan Grille, P.F. Chang's and The Chop House. Highways connecting to the Baltimore and Washington, D.C. metropolitan areas are seconds away, providing a quick and easy commute.

Interested buyers can view the property during pre-auction Open Houses on Wednesdays to Fridays from noon - 7:00 p.m. and on Saturdays and Sundays from 11:00 a.m. - 4:00 p.m. through July 23^rd. The Auction will be held at the Westin Annapolis, located at 100 Westgate Circle, on July 24th. Auction registration will begin at 11:00 a.m. the auction commences at noon. For more information on the auction and available homes, or to purchase a copy of the Bidder's Information Packet, call 800-315-2199 or visit AnnapolisCondoAuction.com

ABOUT SHELDON GOOD & COMPANY

Sheldon Good & Company is America's Real Estate Auctioneer . As the nation's leading provider of strategic marketing and structured accelerated sales solutions, the firm has a 45-year track record of proven results, has sold billions of dollars worth of properties in every real estate asset class, and has the highest closing ratio in the industry.

Sheldon Good & Company is a Racebrook Portfolio Company, part of a family of enterprises offering a wide range of services in the special situation and opportunistic real estate sector that include: advisory and consulting services; acquisition, investment and disposition capabilities; and workout and restructuring services. The firm's headquarters are based in New York City, with primary offices in Chicago, Miami, Denver, Los Angeles, San Francisco, Puerto Rico, and other strategic locations nationwide.

Photos/Multimedia Gallery Available: http://www.businesswire.com/cgi-bin/mmg.cgi?eid=6783030&lang=en

M18 Co.
Michael Tavani, 212-604-0318
Michael@M18Co.com