BASKING RIDGE, N.J., Sept. 21, 2018 /PRNewswire/ -- Next Friday, a live auction sale will be held for a luxurious residence in Basking Ridge, New Jersey that was once home to Pro Football Hall of Fame running back LaDanian Tomlinson. The suburban estate was previously listed for nearly $3 million, but will now be sold to the highest bidder without reserve and regardless of the high bid price on September 28th. Luxury real estate auction house Platinum Luxury Auctions, a firm specializing in the non-distressed sale of multimillion-dollar homes on behalf of their private owners, is managing the luxury auction® in cooperation with listing broker Michael Lattmann of Kienlen Lattmann Sotheby's International Realty.
The upcoming sale marks the second auction orchestrated between the two firms in 2018. In June, Platinum and Kienlen Lattmann sold a home in New Vernon, NJ for approximately $2.2 million. "We're pleased to work again with Michael Lattmann and his team on another exciting auction opportunity," stated Trayor Lesnock, Platinum's president and founder. "The home next door just sold for $2.3 million in April, and it sits on only 3 acres and is nearly 700 square feet smaller, so the value opportunity for this auction is very real."
Although the home is owned by an entrepreneur who no longer resides in New Jersey, Tomlinson leased the property during his stint with the New York Jets in 2010 and 2011. The legendary running back then retired, and was later inducted into the Pro Football Hall of Fame in August 2017, his first year of eligibility.
The property sits on more than 9 private acres, and is located within a boutique, residential enclave named Pheasant Crossing. The 45-acre development features only ten estates, and was developed by Mark Built Homes, an award-winning, family-owned company. Michael Markovitz, the firm's principal, boasts several Community of the Year awards from both the Community Builders Association of New Jersey and the New Jersey Builders Association.
With three living levels offering 6 bedrooms, 6 full and 2 half baths throughout nearly 7,200 interior square feet of living space, the residence can accommodate larger families and serves as an exceptional venue for entertaining.
One bedroom is located on the main floor, while the remainder of the four guest bedrooms and the master suite are on the upper level. Prominent features include a gourmet kitchen with dual islands, a two-story foyer and a large backyard patio done in hand-laid bluestone.
The home's lower level includes an entertainment lounge with wood-burning fireplace, wet bar/kitchen, dining area, enclosed home theater, 1,000-bottle wine cellar with tasting/cigar room, and a fitness center with an adjacent bathroom, walk-in steam shower and sauna.
Previews of the property are available by appointment between the hours of 12 and 4pm ET each Friday through Sunday, until auction. For information on property previews, bidder registration or other auction procedures, visit NewJerseyLuxuryAuction.com, or contact Platinum's project manager, Chase Boruff, at 800.825.4694.
About Platinum Luxury Auctions
Platinum Luxury Auctions is responsible for developing the luxury auction® model for high-priced real estate auctions and owns the trademark rights to the term "luxury auction." The firm specializes in the non-distressed sale of multimillion-dollar properties within and beyond the United States. Platinum's team has closed more than $765 million in luxury real estate auction sales to date, while consulting on more than $2.25 billion in additional luxury properties worldwide.
SOURCE Platinum Luxury Auctions LLC