New England Colonial Residence On The Chesapeake Bay Near Annapolis, Maryland To Sell To The Highest Bidder At Auction

QUEENSTOWN, Md., Sept.11, 2012 /PRNewswire/ -- A Colonial-style residence located on 5.2 acres of unadulterated waterfront property with an expansive landscape and direct access to the picturesque Chesapeake Bay will sell at auction through NYC-based Concierge Auctions. Originally offered for $2.1 million, 400 Quarter Creek Drive will sell at or above a $1.1 million reserve on October 10^th. The property, last purchased at auction in 1990, will sell in cooperation with listing agent Betsy Stettinius of Coldwell Banker Residential Brokerage.

"As an avid sailor and a real estate professional in the Annapolis area for more than 20 years, I know the Chesapeake Bay and its waterfront properties," Stettinius stated. "The reserve of $1.1 million is an incredibly compelling starting point versus other properties in the area. Having successfully partnered with Concierge Auctions in the past, I'm excited to work with them toward another sale."

"I purchased this property at auction more than 20 years ago and have enjoyed every moment of living here. From past experience I know the auction process works, which is why I chose this route as I move on to other opportunities," stated the seller, Carol McGowan. "This home is secluded, beautiful and functional. I'm confident that prospective buyers will identify its beauty and that Concierge Auctions will achieve a fair, market-driven price on auction day."

Ideal for entertaining or enjoying its privacy, 400 Quarter Creek Drive is a 7,000-square-foot home that evokes New England simplicity with white clapboard siding, dormers, multi-paned windows and an entry pediment. The estate has four bedrooms, five full and one half-bathrooms, a formal living room with a gas fireplace, a family room with a wood-burning fireplace and a spacious solarium, awash with natural light and detailed with a coffered ceiling and a full-service wet bar. Random-width pine flooring with hand-forged nails runs throughout the house, adding to the layers of New England authenticity. In typical Colonial house planning, all the bedrooms occupy the home's upper level. Additionally there is a gourmet chef's kitchen, a master suite with a home office area and a partially finished basement with a completed full bathroom that can easily be renovated as a guest suite, entertainment center, office or used for additional storage.

The property totals a spacious 5.2 acres filled with dense woods, rolling pastures and a tranquil waterfront. Residents also enjoy a running creek, their own putting green, a heated pool and spa and private pier, complete with three lifts. There is also a detached, high-roofed, two-door garage that provides plenty of space for parking and extra storage.

"Concierge Auctions is pleased to return to the Northeast, especially with this prime example of New England elegance. We work with the most motivated sellers in the market to provide amazing opportunities for luxury real estate buyers to purchase their dream home,'" stated Laura Brady, Vice President of Marketing for Concierge Auctions. "Interested buyers and agents should ask us about the opening bid incentives, as we have enticing offerings available for those who register with a starting bid amount."

Quaint charm and lush countryside distinguish Queenstown, once an important hub for trade and the shipping industry during the 18th century. The town is located about an hour from Baltimore, an hour from Washington D.C. and just 25 minutes from Annapolis, the capital of Maryland and home to the United States Naval Academy. Queenstown today is known for its historic homes and leisurely lifestyle, embraced by miles of scenic Chesapeake Bay waterways. The Chesapeake Bay provides endless opportunities for boating, fishing, sailing, kayaking, kite boarding and a number of other water sports. Waters are ripe with staples in area cuisine — blue crabs, clams and oysters. The Aspen Wye River Conference Center – perfect for corporate retreats, meetings, receptions, social events and weddings - overlooks the Wye River on more than 1,100 acres of picturesque woodlands and rolling pastures near the Chesapeake Bay Bridge. Additionally, the meeting venue features accommodations including rustic lodges, modern dwellings and a stately Georgian mansion. Hot summers and mild winters make the Chesapeake Bay region enjoyable throughout the year.

The auction of 400 Quarter Creek Drive will be held on October 10^th. A 2.5% commission is offered to the buyer's representing broker. The property is open for preview daily from 1 to 4p.m. and by appointment. See Auction Terms and Conditions for full details. For more information visit QueenstownAuction.com or call 877.603.1103.

About Concierge Auctions: Concierge Auctions is the preeminent luxury real estate auction firm serving high-end sellers nationwide through an accelerated marketing process that obtains fair market value for high-end properties in a 60-day timeframe. The company has executed auctions from New York to Hawaii and hosts a database that includes more than 100,000 luxury real estate buyers and agents from all 50 states and 38 countries and territories. The principals of Concierge Auctions have been involved in the transfer of more than $2 billion in luxury real estate sales over the past 10 years.  For more information, call 888-966-4759 or visit ConciergeAuctions.com.

SOURCE Concierge Auctions