BRIAN HEAD Insiders

Real Estate

Cabin Auctioned in Brian Head

Posted by Scott on November 12, 2009

The auction was held in Salt Lake City, Utah. The buyer was located in St. George, Utah. Online bidding is easily accessible to anyone, anywhere. You can view the instructions in detail at www.auction.com or you I’d be happy to help you out.

I recorded this auction of a cabin located in Brian Head for you to experience.

719 S Snowflake, Brian Head UT 84719
 1994 1388 sq ft. 2 bedroom, 2 bath. No garage. Located within 200’ of the new ski lifts.

First Listing

4/3/2009 Withdrawn $375,000
3/5/2009 Price Reduction $375,000
12/19/2008 Price Reduction $419,000
4/06/2007 Listed $550,000

Property was foreclosed due to non payment by owner.

Second Listing

11/07/2009 Withdrawn $257,000
8/05/2009 Price Reduction $257,000
5/05/2009 Listed $267,000

Several offers were made to seller (bank) in the $200k range yet no interest in lowering the price.

Auction Outcome

11/09/2009 Winning Bid $160,000
  Mid Bidding $100,000
  Starting Bid $59,000

The overall sales price was 71% of the original list price in 2007. Almost a 28% annual decline.

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One Response to “Cabin Auctioned in Brian Head”

  1. […] Cabin Auctioned in Brian Head […]

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