first_imgThe home at 97 Tallow Wood Place, Mount Gravatt EastTHE auction of a lowset home in Mount Gravatt East attracted a crowd of 80 people and 10 registered bidders. The four-bedroom home at 97 Tallow Wood Place sold for $925,000 under the hammer. Marketing agent Sam Devlin of Harcourts M1 said the property proved popular with buyers, especially the owner-occupier set. “They liked the home’s quiet cul-de-sac position plus the fact that it backed onto bushland,” he said. “It was presented really well.”Mr Devlin said the auction went smoothly. “The opening bid of $750,000 came easily from a bidder on the phone and there were four people actively bidding,” he said. More from newsCrowd expected as mega estate goes under the hammer7 Aug 2020Hard work, resourcefulness and $17k bring old Ipswich home back to life20 Apr 2020“The price went up to $900,000 reasonably quickly and a couple of parties dropped out of the race.“We paused at $915,000 to confirm the sellers were happy to sell. The property was then declared on the market and got to $925,000. “That’s big money for a lowset home in Mount Gravatt East.”Mr Devlin said he had about 80 people through the property during the marketing campaign and buyers were indicating a price between $650,000 and $850,000. The Coorparoo agent said to hit $925,000 at auction was a sign the local market was strong. “It’s getting stronger based on how high neighbouring suburbs are,” he said. “Camp Hill and Coorparoo have gone crazy and, in most cases, Mount Gravatt East has more modern property and larger land for less money.“People are prepared to move out a kilometre or two and get more value for money.”last_img

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