Largest Condominium Auction in Over a Decade in DC Area

. February 21, 2008

Home buyers will have a once in a lifetime opportunity to determine the selling price of their new condominium home at EOS Twenty-One, a residential community located inside the Beltway in Alexandria, Virginia, a suburb of Washington, D.C.

Orion Residential (www.orionresidential.com), a leading national multifamily investment and condominium development company, is teaming up with Accelerated Marketing Partners (www.acceleratedmp.com) of Boston to auction 43 one and two bedroom condominiums at dramatically reduced prices. The auction will take place on Sunday, March 16 at the Hilton Alexandria Mark Center Hotel, 5000 Seminary Road, Alexandria, VA 22311 at 1:00 p.m. Selected two bedroom condominiums with recent asking prices of $330,000 will be offered for a minimum of $175,000 and specified one bedroom condominiums with recent asking prices of $225,000 will be offered for a minimum of $135,000. The condominiums range from 708 to 1,182 square feet.

“EOS Twenty-One has been an extremely successful community having sold 268 homes since first opening for sales,” said Daniel Gumbiner, Orion Residential President and CEO. “This is an opportunity to reduce our marketing expenses by closing out the community and passing that value onto the buyer.”

“This is an historic, once in a lifetime opportunity for purchasers to determine their market value for a home,” said Jon Gollinger, Accelerated Marketing Partners principal. “Prices like this have not been seen in over a decade.”

EOS Twenty-One and the Auction Information Center are located at 140 South Van Dorn Street in Alexandria. The Auction Center is open from Noon to 7:00 p.m. Prospective bidders must visit the center prior to the auction to register and inspect units. EOS Twenty-One is conveniently located near the Van Dorn Metro and features swimming pools, a fitness center, illuminated tennis courts, sand volleyball, a coffee bar, an onsite store and deli, child care, and a courtesy shuttle to the Metro. For information, phone 703-212-2680, or visit www.eos-21condos.com.

Category: Auction News

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