Monday, March 15, 2010

LOCAL NEWS: No bidders for Beacon Hill home

The bidding for a 5,700-square-foot single-family home on Brimmer Street in Beacon Hill opened at $4.975 million, went once, went twice, and - with no bids entered - went back to private sale about a minute after the auction began.

“It’s now 7:33 p.m., and the auction is now officially concluded,’’ auctioneer Bruce Sayre told the crowd of about three dozen gathered last night on the home’s kitchen level.

Jeremy Freid, managing principal with Great Rock Auctions, which staged the event, said his firm will now work to cut a deal with potential buyers who showed up at the auction.

“We’ll talk to them about a number they’re comfortable with,’’ Freid said.

He added that last night “the buyers said, ‘This isn’t the price we’re willing to pay right now. It may have been the price six months ago, it might be the price six months from now. But it’s not the price right now.’ ’’

The home is owned by developers Peter and Elizabeth Georgantas.

Jamie and Ashley Harmon of Boston attended the auction yesterday, but didn’t raise their bid card.

After the auction, however, the couple spoke privately with Freid.

“You know, I’m trying to get a good deal,’’ Jamie Harmon said.

“It’s a beautiful house,’’ added Ashley Harmon, who said they have looked at dozens of homes. “This is definitely heads and shoulders above everything we’ve seen.’’

The Harmons said they will continue to watch the property and see what happens.

A second property, on Lime Street, that was also to be sold found a buyer before the auction.

Erin Alworth Boston globe March 4, 2010

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